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U.S. Light Vehicle Sales Down 17% in April Compared to Last Year

May 5, 2022 By CollisionWeek Editor Leave a Comment

Lean inventories continue to depress new vehicle sales. U.S. Light Vehicle sales in April reached their highest level so far this year, according to LMC Automotive, the automotive forecasting and market intelligence company, that is now part of GlobalData. The 1.26 million units sold represent a 17% year-on-year (YoY) decline, but volumes were up by […]

Filed Under: News Tagged With: LMC Automotive, New Vehicle Sales

U.S. Light Vehicle Sales Declined 22% in March Compared to Last Year

April 4, 2022 By CollisionWeek Editor

First quarter ends with 3.3 million units sold. LMC Automotive cuts annual forecast to 15.3 million in U.S. With inventories still at critically low levels, a strong 2021 base also contributed to a steep decline in Light Vehicle sales last month. March was the strongest month in 2021. US volumes fell by 22% from a […]

Filed Under: News Tagged With: LMC Automotive, New Vehicle Sales

March Light Vehicles Sales Projected to Decline Over 25% from Last Year

March 24, 2022 By CollisionWeek Editor

New vehicle sales remain constrained by low inventory. New-vehicle retail sales for March 2022 are expected to decline when compared with March 2021, according to a joint forecast from J.D. Power and LMC Automotive. Retail sales of new vehicles this month are expected to reach 1,044,500 units, a 27.8% decrease compared with March 2021 when […]

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

U.S. Light Vehicle Sales Declined 12% in February Compared to 2021

March 7, 2022 By CollisionWeek Editor

Even with higher fleet sales in February, lean inventories keep curbing the U.S. Light Vehicle sales. U.S. Light Vehicle sales continued to struggle in February due to slim inventories. According to LMC Automotive, the automotive global forecasting and market intelligence company, sales fell to 1.05 million units, down by 12% year-on-year (YoY). Only four of […]

Filed Under: News Tagged With: LMC Automotive, New Vehicle Sales

US Light Vehicle Sales Down 9% in January Compared to Last Year

February 8, 2022 By CollisionWeek Editor

Lean inventories continue to hold auto sales below real demand. The calendar indicates a new year, but the overall market conditions remain quite similar to the end of 2021. Lean inventories dragged down US sales in January to just over 1 million units, according to LMC Automotive, the independent automotive global forecasting and market intelligence […]

Filed Under: News Tagged With: LMC Automotive, New Vehicle Sales

New-Vehicle Retail Sales Projected Down 8.3% in January

January 27, 2022 By CollisionWeek Editor

Industry remains constrained by historic low inventory in wake of supply chain issues. New-vehicle retail sales for January 2022 are expected to decline when compared with January 2021, according to a joint forecast from J.D. Power and LMC Automotive. Retail sales of new vehicles this month are expected to reach 828,900 units, an 8.3% decrease […]

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

US Light Vehicle Sales in December Fell by 27% Compared to 2020

January 7, 2022 By CollisionWeek Editor

A turbulent 2021 closed at 14.9 million units sold. Although there were some signs of recovery throughout the month, lean inventories dragged December sales down to 1.19 million Light Vehicles, according to LMC Automotive, the independent automotive global forecasting and market intelligence company. This volume was 27% below sales in December 2020, albeit the strongest […]

Filed Under: News Tagged With: LMC Automotive, New Vehicle Sales

U.S. Light Vehicle Sales Decline Eases Slightly in November

December 3, 2021 By CollisionWeek Editor

Light Vehicle Sales November 2021

LMC Automotive cautions lean inventories continue to severely impact the market’s selling rate. The month of November started strong, signaling that the worst impact of lean inventories on light vehicle sales may be over, but the month ended with the reality that dealers are still struggling to meet demand. Sales ended the month at 1 […]

Filed Under: News Tagged With: LMC Automotive, New Vehicle Sales

New-Vehicle Sales Projected Lower on Continued Low Supply in November

November 29, 2021 By CollisionWeek Editor

J.D. Power and LMC Automotive project sales declines, but demand sustains record-high levels of prices and dealer profits. Used vehicle prices up. New-vehicle retail sales for November 2021 are expected to decline when compared with November 2020, according to a joint forecast from J.D. Power and LMC Automotive. Retail sales of new vehicles this month […]

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

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 […]

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

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