J.D. Power and LMC Automotive project 2020 annual retail sales to decline to 13.48 million, total sales of 16.7 million units.
New-vehicle retail sales in January are expected to be down from a year ago, according to a forecast developed jointly by J.D. Power and LMC Automotive. Retail sales are projected to reach 854,900 units, a -0.4% decrease compared with January 2019.
J.D. Power and LMC Automotive are forecasting full year 2020 retail sales to reach 13.48 million units, a decline of 205,000 units from 2019.
Total sales in January are projected to reach 1,124,700 units, a 0.6% decrease compared