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You are here: Home / News / Auto Retail Sales Projected to Post First Gain Since February

Auto Retail Sales Projected to Post First Gain Since February

September 25, 2020 By CollisionWeek Editor

Sales benefited by two additional selling days and Labor Day holiday in September.

New-vehicle retail sales in September are expected to be up from a year ago, according to a joint forecast developed jointly by J.D. Power and LMC Automotive. Retail sales are projected to reach 1,157,800 units, a 3.4% increase compared with September 2019. Reporting the same numbers without controlling for the number of selling days translates to an increase of 12.4% from a year ago. While the increase vs. September 2019 is substantial, it’s important to recognize that it is being aided by the industry sales reporting calendar.

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Filed Under: News Tagged With: J.D. Power, LMC Automotive, New Vehicle Sales

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