J.D. Power and LMC Automotive Project Full Year Retail Sales to Fall 1.5% For the second consecutive year, the new vehicle retail sales pace in January is expected to fall from year-ago levels, according to a forecast developed jointly by J.D. Power and LMC Automotive. The seasonally adjusted annualized rate (SAAR) for retail sales is […]
Fitch Rating See US Auto Outlook Stable in 2018
Projects decline to 16.8 million vehicles next year, down from 17 million this year. Fitch Ratings’ sector outlook for U.S. auto manufacturers and suppliers in 2018 is stable, reflecting a combination of solid credit profiles for most issuers in the industry and Fitch’s expectation for continued modest global sales and production growth. Fitch expects lower […]
August New Vehicle Retail Sales Pace Dips to Lowest Level So Far in 2017
J.D. Power and LMC Automotive forecast retail sales pace to fall by nearly 350,000 units, despite elevated incentive levels. The new vehicle retail sales pace in August is expected to decline for the fifth time this year, according to a forecast developed jointly by J.D. Power and LMC Automotive. The seasonally adjusted annualized rate (SAAR) […]
Auto Sales Expected to Increase in March
J.D. Power and LMC Automotive predict retail sales rise of more than 2 percent for only second time in thirteen months. The auto industry will see its first year-over-year monthly increase of 2017 as March retail sales are expected to increase 2.4 percent, according to a forecast developed jointly by J.D. Power and LMC Automotive. […]
IHS Markit Predicts Global Auto Sales Set to Reach 93.5 Million in 2017
While global sales are projected to increase, North America is projected to have a slight decline. Report cautions of risk of downtown in mature markets. According to the most recent forecast from IHS Markit (NASDAQ:INFO), total 2017 global light vehicle sales will reach 93.5 million units, a growth rate of 1.5 percent over 2016. However, […]
September New-Vehicle Retail Sales Projected to Decline versus 2015
According to J.D. Power and LMC Automotive forecast retail sales will fall for fifth time in seven months. Incentives reach new high. For the fifth time in the past seven months, U.S. new-vehicle retail sales are expected to drop in September, falling 1.4 percent from a year ago, according to a monthly sales forecast developed […]
New-Vehicle Sales Gain in July with Record Transaction Prices and Consumer Spending
J.D. Power and LMC Automotive forecast gains in retail vehicle sales as industry nears peak of the auto sales recovery. New-vehicle retail sales in July are expected to increase 2.1 percent from a year ago to 1,318,300, according to a monthly sales forecast developed jointly by J.D. Power and LMC Automotive. Sales growth in July […]
New-Vehicle Retail Sales Projected to Slow Down in June
New-vehicle retail sales in June are expected to reach 1,206,700 units, a 0.5 percent decline from a year ago on a selling-day adjusted basis, according to a monthly sales forecast developed jointly by J.D. Power and LMC Automotive. Retail sales through the first half of 2016 are projected to reach 6.8 million units, down 0.2 […]
Auto Sales Projected to Have Modest Increase on Selling Day Basis in May
While forecasting a 1 percent increase on a selling-day basis, J.D. Power and LMC Automotive forecast overall sales will be down in May. Automakers are counting on strong new-vehicle sales over the Memorial Day holiday weekend to help give May sales the boost needed for a moderate increase over this month in 2015, according to […]