Edmunds analysts say that the automotive industry faces yet another challenging year marked by inventory shortages amid strong consumer demand, forecasting that 15.2 million new cars will be sold in 2022. Edmunds analysts note that this would represent a 1.2% increase from their estimate of 15 million new vehicle sales in 2021. “2021 marked an […]
New Vehicle Sales in June Projected to Remain Below 2019 Levels
The car shopping experts at Edmunds say that June will be another down month for auto sales as the industry continues to combat market challenges posed by the coronavirus (COVID-19) pandemic, forecasting that 1,080,656 new cars and trucks will be sold in the U.S. in June for an estimated seasonally adjusted annual rate (SAAR) of […]
May Auto Sales Projected to Jump Over 50% Higher than April
Generous incentives and Memorial Day weekend sales expected to boost new vehicle sales in Edmunds Forecast. The car shopping experts at Edmunds say that generous financing offers and incentives during Memorial Day weekend helped give the auto industry a much-needed boost in May, forecasting that 1,074,542 new cars and trucks will be sold in the […]
New Vehicle Sales Continue Downward Slide in April
Edmunds forecasts April will be the worst auto sales month in at least 30 years due to the coronavirus pandemic. As can be expected given the number of dealership sales department closures due to being deemed non-essential businesses, Edmunds say that April will be a record down month for the auto industry due to the […]
New Vehicle Sales Projected Down Over 35% in March Compared to 2018
With many dealership sales departments closed due to essential businesses restrictions, Edmunds analysts forecast a SAAR of 11.9 million in March. Associations push to reopen sales as essential services. Edmunds projects that March will be a down month for the auto industry due to the coronavirus (COVID-19) pandemic, forecasting that 1,044,805 new cars and trucks […]