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, […]
New Vehicle Retail Sales Projected to Decline in September
According to forecast from J.D. Power and LMC Automotive, weather is affecting sales for second consecutive year in September. 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 sales are projected to reach 1,172,700 units, a 2.8 percent […]
August Retail New-Vehicle Sales Projected for Largest Gain of 2018
J.D. Power and LMC Automotive project 1.3 percent increase in retail sales. Annual sales forecast revised upward. New-vehicle retail sales in August are expected to rise from a year ago according to a forecast developed jointly by J.D. Power and LMC Automotive. Retail sales are projected to reach 1,280,400 units, a 1.3 percent increase compared […]
New Vehicle Retail Sales Pace to Fall for Fifth Time in 2018
J.D. Power and LMC Automotive project 3.2 percent decrease on selling-day adjusted basis. Maintains full year forecast. New-vehicle retail sales in July are expected to fall from a year ago on a selling-day-adjusted basis, according to a forecast developed jointly by J.D. Power and LMC Automotive. Retail sales are projected to reach 1,156,200 units, a […]
New Auto Retail Sales Projected Down 2% in First Half of 2018
J.D. Power and LMC Automotive project June sales will be slightly below 2017 levels when adjusted for the number of selling days. New vehicle retail sales in June are expected to fall from a year ago on a selling-day-adjusted basis, according to a forecast developed jointly by J.D. Power and LMC Automotive. Retail sales are […]