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 […]
NADA Forecast on 2020 Auto Sales Reduced 20-22%
Dealer association issues first quarter auto sales analysis and its impact on annual sales. As the first quarter of 2020 has come to a close, the National Automobile Dealers Association (NADA) issued an analysis of U.S. auto sales and the economy, including the initial impact of the COVID-19 pandemic. “New-vehicle sales were on a healthy […]
New Vehicle Sales Projected Down Over 35% in March Compared to 2018
With many dealership sales departments closed due to essential businesses restrictions, Edmunds analysts forecast a SAAR of 11.9 million in March. Associations push to reopen sales as essential services. Edmunds projects that March will be a down month for the auto industry due to the coronavirus (COVID-19) pandemic, forecasting that 1,044,805 new cars and trucks […]
New Vehicle Demand Index Sees Decline Due to Impact of COVID-19 on the Auto Industry
Overall shopper volume down 25% in first 15 days of March. As the world continues to confront the Coronavirus pandemic, the auto industry is preparing for a disruption in its business, with manufacturers already announcing plant shutdowns. Against that backdrop, new research from Comscore (NASDAQ: SCOR) reveals that annual sales projections for 2020 have gone […]
February Retail Vehicle Sales Projected to Surpass More Than a Million Units For Only Third Time Since 2005
New-vehicle retail sales in February are expected to be up from a year ago, according to a forecast developed jointly by J.D. Power and LMC Automotive. Retail sales are projected to reach 1,016,000 units, a 0.2% increase compared with February 2019. Reporting the same numbers without controlling for the number of selling days translates to […]
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