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, […]
NADA Forecasts Slight Decline in 2020 U.S. Auto Sales to 16.8 Million New Vehicles
The National Automobile Dealers Association (NADA) released its annual new-vehicle sales forecast for 2020 in December. The group predicts a slight decline in sales and continued movement away from cars to light trucks. “We expect new light-vehicles sales will come in at 16.8 million units for 2020, roughly a 1.2 percent drop from 2019 sales […]
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 […]
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 […]
July Vehicle Sales Projected to be Down on Selling Day Basis Compared to 2018
Consumers will spend more as average vehicle prices hit record levels. New-vehicle retail sales in July 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 1,178,500 units, a 2.0 percent decrease on a selling day adjusted basis compared […]
June New Vehicle Sales Projected Down from Year Ago
J.D. Power and LMC Automotive project first half of 2019 to deliver lowest retail new vehicle sales since 2013. Transaction prices, dealer profitability rise to record levels. New-vehicle retail sales in June are expected to fall from a year ago, according to a forecast developed jointly by J.D. Power and LMC Automotive. Retail sales are […]
Auto Sales Projected to Slow in May
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 […]