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 […]
October New-Vehicle Retail Sales Projected to Decline Compared to 2015
According to J.D. Power and LMC Automotive forecast retail sales will fall for sixth time this year. U.S. new-vehicle retail sales are projected to continue their slide in October, falling 0.8 percent from a year ago on a selling-day adjusted basis, according to a monthly sales forecast developed jointly by J.D. Power and LMC Automotive. […]
August Decline in New-Vehicle Sales Fourth in Last Six Months
J.D. Power and LMC Automotive project 6.5 percent decline in retail sales in August. New-vehicle retail sales in August are expected to drop 6.5 percent from a year ago, and total new-vehicle sales are expected to slip 5.2 percent, according to a monthly sales forecast developed jointly by J.D. Power and LMC Automotive. Retail sales […]
J.D. Power Reduces Light Vehicle Retail Sales Forecast
April sales projection from J.D. Power and LMC Automotive flat on selling day basis. Revised full-year forecast calls for modest growth over 2015. Fleet sales projected to increase. New-vehicle retail sales in April are expected to reach 1,195,000 units, the same level as a year ago on a selling-day adjusted basis, according to a monthly […]
New-Vehicle Sales in February Forecast to Increase 8.1%
Forecast by J.D. Power and LMC Automotive project strongest February light vehicle sales since 2002. New-vehicle sales in February 2016 are expected to increase 8.1 percent from a year ago, according to a monthly sales forecast developed jointly by J.D. Power and LMC Automotive. New-vehicle retail sales in February are projected to reach 1,046,700 units […]
KBB Reports January New-Car Sales Down 3 Percent Year-Over-Year
Sales impacted by Blizzard on East Coast. New-vehicle sales are expected to decrease 3 percent year-over-year to a total of 1.12 million units in January 2016, resulting in an estimated 17.1 million seasonally adjusted annual rate (SAAR), according to Kelley Blue Book, the only vehicle valuation and information source trusted and relied upon by both […]
NADA Forecasts a Record 17.7 Million New-Car Sales in 2016
National Auto Dealers Association sees car and light truck sales increasing two percent this year versus 2015. More good news on the auto sales front for the collision repair and auto insurance industries. U.S. sales of new cars and light trucks will set an all-time record in 2016, said Steven Szakaly, chief economist of the […]