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You are here: Home / News / Inventory Constraints Projected to Continue Reducing New-Vehicle Sales in October

Inventory Constraints Projected to Continue Reducing New-Vehicle Sales in October

October 27, 2021 By CollisionWeek Editor

Prices and profits, however, increase to record highs. Truck and SUV market share projected over 80% even with higher gas prices.

New-vehicle retail sales for the month of October 2021 are expected to decline when compared with October 2020 and October 2019, according to a joint forecast from J.D. Power and LMC Automotive. Retail sales of new vehicles this month are expected to reach 943,500 units, a 17.4% decrease compared with October 2020, and a 15.4% decrease compared with October 2019 when adjusted for selling days. October 2021 has one fewer selling day than October 2020 but the same number

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

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