Both retail and total sales projected below 2019 levels but the decline is less than prior months that were impacted by pandemic closures.
New-vehicle retail sales in July are expected to be down from a year ago, according to a joint forecast developed jointly by J.D. Power and LMC Automotive. Retail sales are projected to reach 1,133,300 units, a 4.0% decrease compared with the J.D. Power pre-virus forecast and a 9.5% decrease compared with July 2019. Reporting the same numbers without controlling for the number of selling days translates to a decrease of 5.9% from a year ago. July 2020