J.D. Power and LMC Automotive forecast retail sales annual rate to fall by 600,000 units in July. Largest decline in 2017. The new vehicle retail sales pace in July is expected to decline for the fourth consecutive month, according to a forecast developed jointly by J.D. Power and LMC Automotive. The seasonally adjusted annualized rate […]
NADA’s New-Vehicle Sales Forecast Remains Unchanged at 17.1 Million for 2017
Sales of new light-vehicles down 2.2 percent in first six months of this year. With six months of U.S. new-vehicle sales in the books, the National Automobile Dealers Association (NADA) is holding steady at its original sales forecast of 17.1 million new cars and light trucks for 2017. Through the first six months of the […]
New Vehicle Sales Pace Projected to Fall Again
J.D. Power and LMC Automotive estimates U.S. retail SAAR of 13.1 Million, the Lowest for June in five years. The new vehicle retail sales pace in June is expected to be lowest for the month since 2012, according to a forecast developed jointly by J.D. Power and LMC Automotive. Retail sales in June are anticipated […]
J.D. Power Project New Vehicle Sales Pace to Drop Again in May, Lowers 2017 Outlook
The new vehicle retail sales pace in 2017 is expected to be lowest for the month of May since 2013, according to a forecast developed jointly by J.D. Power and LMC Automotive. With one additional selling day in 2017, retail sales in May are anticipated to reach 1,222,000 units, a 2.9 percent decrease compared with […]
April New Vehicle Retail Sales Match 2016 levels
J.D. Power and LMC Automotive Report Incentives Rise Considerably New vehicle retail sales are expected to remain on pace with last year, but incentive spending is at record levels through April, according to a forecast developed jointly by J.D. Power and LMC Automotive. Retail sales in the month of April are anticipated to reach 1,169,700 […]
NADA Expects 2017 Vehicle Sales to Remain at 17.1 Million
Despite some economic headwinds on the horizon, the National Automobile Dealers Association is holding steady at its original U.S. sales forecast for new cars and light trucks this year. “Overall, we still expect sales and leases to reach 17.1 million new vehicles in 2017, with the expectation that rising consumer incentives will overcome any increases […]
NADA Economist Projects Sustained New-Vehicle Sales
Forecast calls for slight decline in 2017 sales to 17.1 million vehicles. The strong economic growth that propelled new-vehicle sales to back-to-back record years in 2015 and 2016 is on pace to continue into 2017, said Steven Szakaly, chief economist of the National Automobile Dealers Association (NADA) at a press briefing during the NADA Convention […]
KBB Projects January New-Car Sales Down 3 Percent Year-Over-Year Following Record 2016
Kelley Blue Book estimates new vehicle sales at 1.13 million units for the month, a 17.4 million seasonally adjusted annual rate. New-vehicle sales are expected to decrease 3 percent year-over-year to a total of 1.13 million units in January 2017, resulting in an estimated 17.4 million seasonally adjusted annual rate (SAAR), according to Kelley Blue […]
US Light-Vehicle Sales Increased 0.3% in 2016
IHS Markit reports seventh consecutive annual sales gain in 2016 sales of 17.54 million units. According to IHS Markit, the global information and analysis firm, US light-vehicle sales rose 3.0 percent year-on-year in December, bringing the full-year results slight above 2015 sales. The seasonally adjusted annual rate came in at 18.38 million units for the […]
NADA Forecasts Slight Decline in U.S. New Vehicles Sales to 17.1 Million in 2017
Steven Szakaly, chief economist of the National Automobile Dealers Association, is predicting sales of 17.1 million new cars and light trucks in 2017, a 1.7 percent decline from projected 2016 sales. With less than two months left in the year, new-vehicle sales are forecast to reach 17.4 million, which would be a slight decline from […]