J.D. Power and LMC Automotive forecast February sales to decline 2.4 percent versus February 2018. Truck and SUV sales make up over 70 percent of new vehicles.
New vehicle retail sales in February are expected to fall from a year ago. Retail sales are projected to reach 946,600 units, a 2.4 percent decrease compared with February 2018. The seasonally adjusted annualized rate (SAAR) for retail sales is expected to be 12.6 million units, down 0.3 million from a year ago.
Thomas King, Senior Vice President of the Data and Analytics Division at J.D. Power, said, “The year is off to