Sales of electrified vehicles hit a record in the third quarter, as one of the hottest segments in the U.S. automotive market continues to make waves throughout the industry, according to Kelley Blue Book, a Cox Automotive company. More than 200,000 electrified vehicles were sold in the three-month span of Q3 – a first – […]
U.S. Light Vehicle Sales Fell Short of Expectations in September
Sales were up over 10.4 percent over weak comparison in 2021 sales. Hurricane Ian battered Florida delaying some potential sales. U.S. Light Vehicle sales totaled 1.11 million units in September, according to LMC Automotive, the automotive forecasting and market intelligence firm, a GlobalData company. This was the lowest monthly total since February, but the fact […]
September New Vehicle Sales Volumes Projected to Hold Steady at Low Level
Cox Automotive lowers full-year new-vehicle sales forecast. September U.S. auto sales, when confirmed next week, are expected to show a new-vehicle market mostly unchanged from previous months and still stuck in low gear. According to the Cox Automotive forecast, September U.S. new-vehicle sales are expected to finish near 1.10 million units, with a sales pace, […]
Electric Vehicles Were 6.6% of New Vehicle Sales in U.S. During Second Quarter
The Alliance for Automotive Innovation released its latest analysis of the U.S. electric vehicle (EV) market for April, May and June of 2022. The Get Connected Electric Vehicle Quarterly Report for Q2 summarizes EV sales, purchasing trends and public charging infrastructure across all 50 states. John Bozzella, president and CEO of the Alliance for Automotive […]
August Light Vehicles Sales Up Compared to Weak 2021
While the first positive result in more than a year thanks to a weak August last year, volumes remain flat for the third consecutive month. For the third consecutive month, US Light Vehicle sales totaled 1.13 million units, according to LMC Automotive, the automotive forecasting and market intelligence firm, a GlobalData company. However, a weak […]
New Vehicle Sales Projected Down in August on Selling Day Basis
Vehicle inventory continues to restrain sales. New-vehicle retail sales for August 2022 are expected to decline when compared with August 2021, according to a joint forecast from J.D. Power and LMC Automotive. Retail sales of new vehicles this month are expected to reach 980,400 units, a 2.6% decrease compared with August 2021 when adjusted for […]
US Light Vehicle Sales Remain Flat in July from Previous Month
Inventory deterioration slows down during the month. U.S. Light Vehicle sales in July performed mostly in line with the June results, according to LMC Automotive, the automotive forecasting and market intelligence firm, now a GlobalData company. Sales are still curbed by lean inventories. July volumes totaled 1.13 million units, slightly weaker than expectations going into […]
July New-Vehicle Sales Remains Constrained by Supply Chain Issues
Sales pace is basically limited to the number of vehicles delivered to dealers each month as demand remains strong. Transaction prices and dealer profits remain at record levels. New-vehicle retail sales for July 2022 are expected to decline when compared with July 2021, according to a joint forecast from J.D. Power and LMC Automotive. Retail […]
US Light Vehicle Sales Fell by 13% in June Compared to 2021
Sales have declined by 1.5 million units in the first half of 2022 from last year. As OEMs continue to struggle to build enough vehicles to meet demand, US Light Vehicle sales fell by 13% YoY in June, according to LMC Automotive, the automotive forecasting and market intelligence firm and GlobalData company. June volumes added […]
New Vehicle Sales Projected to Decline Again in June Compared to Last Year
New-vehicle transaction prices projected at all-time high. New-vehicle retail sales for June 2022 are expected to decline when compared with June 2021, according to a joint forecast from J.D. Power and LMC Automotive. Retail sales of new vehicles this month are expected to reach 965,300 units, a 18.2% decrease compared with June 2021 when adjusted […]
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