J.D. Power and LMC Automotive forecast lower May sales compared to 2018. Average prices break records. New-vehicle retail sales in May are expected to fall from a year ago, according to a forecast developed jointly by J.D. Power and LMC Automotive. Retail sales are projected to reach 1,226,800 units, a 3.1 percent decrease compared with […]
New Vehicle Retail Sales Projected to Decline in April
Forecast sees demand for expensive vehicles rising as average selling price to hit record. New vehicle retail sales in April are expected to fall from a year ago, according to a forecast developed jointly by J.D. Power and LMC Automotive. Retail sales are projected to reach 1,041,600 units, a 5.3 percent decrease compared with April […]
Consumer Sentiment Rebounded in March
The University of Michigan survey does not indicate emerging recession, but points toward slightly lower new vehicle sales. Consumer confidence rebounded in March to 98.4 from last month’s 93.8, slightly above the average of 97.2 recorded in the past 26 months. The March gain was 4.9 percent compared to February, but remains 3 percent below […]
J.D. Power Projects Auto Retail Sales Off to Slowest Q1 Start Since 2013
On the bright side, demand for higher-priced vehicles remains strong. Annual sales forecast lowered. J.D. Power and LMC Automotive released their retail and total vehicle sales forecast for March. New-vehicle retail sales in March are expected to fall from a year ago, declining to 1,195,000 units, a 3.4 percent decrease compared with March 2018. The […]
New Vehicle Retail Sales Projected Down in February Compared to 2018
J.D. Power and LMC Automotive forecast February sales to decline 2.4 percent versus February 2018. Truck and SUV sales make up over 70 percent of new vehicles. New vehicle retail sales in February are expected to fall from a year ago. Retail sales are projected to reach 946,600 units, a 2.4 percent decrease compared with […]
January Light Vehicle Sales Forecast to Decline
J.D. Power and LMC Automotive forecast January 2019 will be below 2018 levels. New vehicle retail sales in January are expected to fall from a year ago, according to a forecast developed jointly by J.D. Power and LMC Automotive. Retail sales are projected to reach 864,300 units, a 2.4 percent decrease compared with January 2018. […]
New Vehicle Sales Up Slightly in 2018, Forecast for 2019 is Down
Light trucks up as car market share falls to lowest point in U.S. history. According the National Automobile Dealers Association (NADA) despite rising interest rates and a volatile stock market, U.S. light-vehicle sales closed out 2018 strong. The Seasonally Adjusted Annual Rate (SAAR) of sales was 17.51 million in December 2018 was the second highest […]
New Vehicle Retail Sales in November to Decline
J.D. Power and LMC Automotive project 3.8 percent decrease for the month versus 2017. Full year forecast unchanged. New-vehicle retail sales in November are expected to fall from a year ago, according to a forecast developed jointly by J.D. Power and LMC Automotive. Retail sales are projected to reach 1,096,500 units, a 3.8 percent decrease […]
Edmunds Reports Interest Rates Push Auto Industry to a Tipping Point in October
As average transaction prices continue to rise and financing deals evaporate, Edmunds experts say consumers could be spending thousands more to finance new vehicles Tightening credit conditions continued to squeeze consumer wallets in October, according to the car shopping experts at Edmunds. The annual percentage rate (APR) on new financed vehicles averaged 6.2 percent in […]
New Vehicle Retail Sales Rate to Decline in October
Truck mix projected to exceed 70 percent of retail sales for first time. New-vehicle retail sales pace in October is expected to fall from a year ago, according to a forecast developed jointly by J.D. Power and LMC Automotive. The seasonally adjusted annualized rate (SAAR) for retail sales is expected to be 13.6 million units, […]