Consumers will spend more as average vehicle prices hit record levels.
New-vehicle retail sales in July are expected to fall from a year ago, according to a forecast developed jointly by J.D. Power and LMC Automotive. Retail sales are projected to reach 1,178,500 units, a 2.0 percent decrease on a selling day adjusted basis compared with July 2018.
Total sales in July are projected to reach 1,397,400 units, a 1.8 percent decrease compared with July 2018 on a selling day adjusted basis. The seasonally adjusted annualized rate (SAAR) for total sales is expected to be 16.7 million units, flat vs.