The National Automobile Dealers Association (NADA) issued its 2020 analysis of U.S. auto sales and the economy and its 2021 project for sales. “The coronavirus pandemic certainly impacted new light-vehicle sales in 2020, not to mention the U.S. economy as a whole,” said NADA chief economist Patrick Manzi. “Our forecast at the start of 2020 […]
December U.S. Light Vehicles Sales Up Over 6% from Last Year
The overall annual year-on-year decline of 14.8% far better than expected 8 months ago. LMC Automotive predicts 15.7 million sales in 2021. LMC Automotive, the independent automotive global forecasting and market intelligence company, reports that sales in December were helped by three extra selling days. December Light Vehicle sales grew by 6.4% Year-on-Year (YoY), to […]
Three Fewer Selling Days Lead to Lower Light Vehicle Sales in November
LMC Automotive lowers its December projection, but increases 2021 sales forecast. Even with December reduction, month is expected to be above 2019. Light Vehicle sales in the US were negatively impacted by calendar effects this November. Three fewer selling days made it the shortest month of 2020, with sales falling to 1.19 million units, a […]
Retail Vehicle Sales Projected to Rise Above 2019 Levels for Second Consecutive Month
J.D. Power and LMC Automotive also project total new vehicle sales up on selling day adjusted basis. New-vehicle retail sales for the month of October are expected to be up from October 2019, according to a joint forecast from J.D. Power and LMC Automotive. Retail sales for new vehicles are projected to reach 1,187,800 units, […]
U.S. Light Vehicle Sales Up 4% Year-on-Year in September
LMC Automotive sees unexpected strength in new vehicle market, raises annual sales forecast. U.S. September light vehicle sales grew by 4% on a Year-over-Year (YoY) basis, to 1.34 million units, pushing the selling rate to 16.3 mn units and marking the first month above the 16 million threshold since the start of the pandemic, according […]
Auto Retail Sales Projected to Post First Gain Since February
Sales benefited by two additional selling days and Labor Day holiday in September. New-vehicle retail sales in September are expected to be up from a year ago, according to a joint forecast developed jointly by J.D. Power and LMC Automotive. Retail sales are projected to reach 1,157,800 units, a 3.4% increase compared with September 2019. […]
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 […]
New Vehicle Sales in June Projected to Remain Below 2019 Levels
The car shopping experts at Edmunds say that June will be another down month for auto sales as the industry continues to combat market challenges posed by the coronavirus (COVID-19) pandemic, forecasting that 1,080,656 new cars and trucks will be sold in the U.S. in June for an estimated seasonally adjusted annual rate (SAAR) of […]
May Auto Sales Projected to Jump Over 50% Higher than April
Generous incentives and Memorial Day weekend sales expected to boost new vehicle sales in Edmunds Forecast. The car shopping experts at Edmunds say that generous financing offers and incentives during Memorial Day weekend helped give the auto industry a much-needed boost in May, forecasting that 1,074,542 new cars and trucks will be sold in the […]
New Vehicle Sales Continue Downward Slide in April
Edmunds forecasts April will be the worst auto sales month in at least 30 years due to the coronavirus pandemic. As can be expected given the number of dealership sales department closures due to being deemed non-essential businesses, Edmunds say that April will be a record down month for the auto industry due to the […]