CollisionWeek

Your source for the latest collision repair industry news, statistics and trend analysis.

  • News
  • Research
  • Feature
  • Subscribe
You are here: Home / News / New Light Vehicle Sales Down Slightly in January Compared to Last Year

New Light Vehicle Sales Down Slightly in January Compared to Last Year

February 7, 2024 By CollisionWeek Editor

NADA reports new vehicle sales were down on both a month-over-month and year-over-year basis. Projects production to increase in 2024.

New light-vehicle sales cooled at the start of 2024 according to the National Automobile Dealers Association (NADA) Market Beat report. The January 2024 seasonally adjusted annual rate (SAAR) of 15.0 million units represents a decline of 5.6% compared to December 2023 and 0.7% compared to January 2023.

According to the association, it is likely that some of January’s sales volume was pulled into December 2023, given the increase in OEM incentive spending seen at the end of 2023. According to

Subscribers need to be logged in to see rest of this article. Please Login to access. If you're not a subscriber, click here for information on our satisfaction guaranteed subscription options. 

Filed Under: News Tagged With: Electric Vehicles, National Automobile Dealers Association, New Vehicle Sales

Interview Sponsors

IBIS Publisher Partner

Login

Remember Me
Subscribe | Lost your Password?

Tags

AAA AASP/NJ Acquisitions Advanced Driver Assistance Systems Agreements Signed Annual Conference Auto Care Association Automotive Service Association Autonomous Vehicles Awards Axalta Coating Systems Board of Directors Boyd Group California Canada Career and Technical Education CARSTAR CCC Classic Collision Collision Industry Electronic Commerce Association Collision Repair Education Foundation Coronavirus Crash Champions Donations Earnings Electric Vehicles Florida I-CAR Lawsuits legislation LKQ Corporation National Auto Body Council Network Affiliations New Jersey New Vehicle Sales Non-OEM Parts Openings People PPG Industries Regulations Right to Repair Scholarships Texas United Kingdom Workforce Development

Recent Articles

  • CCC Supports Future Collision Repair Industry Workforce Through CREF July 11, 2025
  • CSN Collision Adds Repair Facility to Network in Red Deer, Alberta July 11, 2025
  • Gas Prices Hold Steady in June, Down Sharply from 2024 July 11, 2025
  • NTSB Issues Safety Alert After Fatal Wisconsin Crash Linked to Texting While Driving July 11, 2025
  • BASF, Renault, Dürr Win Award for Overspray-Free OEM Two-Tone Paint Process July 11, 2025
  • Veterans Leadership Program Wins Inaugural NABC Community Partner Award July 10, 2025
  • ServiceUp Secures $55 Million Series B Funding for Vehicle Repair Platform July 10, 2025

CollisionWeek Membership

  • Login
  • Lost Password
  • Membership Details
  • Register
  • Sponsors
  • Subscription Information
  • Terms of Use for CollisionWeek

More Information

About CollisionWeek
Contact Us
Privacy Policy
Event Calendar
Take the Collision Repair Business Conditions Survey

Copyright 1999-2025 - QuanDec Corporation - All Rights Reserved · Log in