J.D. Power and LMC Automotive project over 13% decrease in total vehicle sales, but average vehicle prices will reach an all-time high. New-vehicle retail sales in August are expected to be down from a year ago, according to a joint forecast developed jointly by J.D. Power and LMC Automotive. Retail sales are projected to reach […]
Auto Sales Projected to Continue to Recover in July
Both retail and total sales projected below 2019 levels but the decline is less than prior months that were impacted by pandemic closures. New-vehicle retail sales in July are expected to be down from a year ago, according to a joint forecast developed jointly by J.D. Power and LMC Automotive. Retail sales are projected to […]
February Retail Vehicle Sales Projected to Surpass More Than a Million Units For Only Third Time Since 2005
New-vehicle retail sales in February are expected to be up from a year ago, according to a forecast developed jointly by J.D. Power and LMC Automotive. Retail sales are projected to reach 1,016,000 units, a 0.2% increase compared with February 2019. Reporting the same numbers without controlling for the number of selling days translates to […]
January New Auto Sales Projected to Decline Despite Record Incentives
J.D. Power and LMC Automotive project 2020 annual retail sales to decline to 13.48 million, total sales of 16.7 million units. New-vehicle retail sales in January are expected to be down from a year ago, according to a forecast developed jointly by J.D. Power and LMC Automotive. Retail sales are projected to reach 854,900 units, […]
J.D. Power Study Finds Consumers Lack Confidence in Self-Driving and Electric Vehicles
Consumers continue to lack confidence in the future mobility technologies that automakers are eager to bring to market. According to the J.D. Power 2019 Q4 Mobility Confidence Index Study conducted using SurveyMonkey Audience, the Mobility Confidence Index remains 36 (on a 100-point scale) for self-driving vehicles and 55 for battery-electric vehicles for a third consecutive […]
AAA, Consumer Reports, J.D. Power and The National Safety Council Adopt Common Naming for Advanced Driver Assistance Technology
AAA, Consumer Reports, J.D. Power and the National Safety Council have come together to adopt standardized naming for advanced driver assistance technology in an effort to reduce confusion. To help educate consumers on the benefits, limitations and proper use of these technologies, the four organizations are calling on all safety organizations, automakers and journalists covering […]
New Vehicle Sales Projected Down Slightly On Selling Day Adjusted Basis in October
J.D. Power and LMC Automotive reports retail vehicle sales remain strong in October. Revise annual sales forecast upward. New-vehicle retail sales in October are expected to be similar to a year ago, according to a forecast developed jointly by J.D. Power and LMC Automotive. Retail sales are projected to reach 1,134,400 units, a 0.9% decrease […]
J.D. Power Report U.S. Auto Insurance Claims Satisfaction Reaches Record High
Amica Mutual ranks highest in satisfaction in the U.S. Even as drivers continue to log a record number of miles behind the wheel and rack up ever-higher auto insurance claim totals, insurance carriers are rising to the challenge by delivering the highest levels of customer satisfaction ever catalogued by the J.D. Power U.S. Auto Claims […]
Automakers Not Making Progress in Persuading Consumers to Want Electric or Self-Driving Vehicles
J.D. Power research finds women even less interested than men in self-driving vehicles. As auto manufacturers invest billions to bring self-driving vehicles to market and increase choice in battery-electric vehicles, many consumers still lack confidence in the technologies. According to the J.D. Power 2019 Q3 Mobility Confidence Index Study fueled by SurveyMonkey Audience shows the […]
Fewer Selling Days and Early Labor Day Hurt September Auto Sales
While sales are projected to decline for the month versus 2018, new vehicle sales remain near historically high levels. Spending on new vehicles during third quarter at record levels. New-vehicle retail sales in September are expected to fall from a year ago, according to a forecast developed jointly by J.D. Power and LMC Automotive. Retail […]