OEMs are increasingly optimistic about health of U.S. auto retail industry. Automotive OEMs are generally optimistic about the health of the automotive industry over the next 12 months, with the vast majority expecting new vehicle sales to increase or remain the same versus 2023, according to the just-released 2024 Kerrigan OEM Survey. The 2024 results […]
July New Vehicles Sales Projected Up on Bounce Following June CDK Global Outage
S&P Global Mobility projects the pace of sales in July is expected to realize a notable boost on delayed sales from June cyberattack on dealer management system provider. S&P Global Mobility projects new light vehicle sales volume in July 2024 to reach 1.32 million units, up approximately 1% year over year. This volume would translate […]
New Vehicles Sales Down in June on Impact of CDK Cyberattack
Sales were down both month-over-month and year-over-year. According to the National Automobile Dealers Association Market Beat report, new light-vehicle sales were down in June as the CDK Global cyberattack affected many dealers’ operations. Sales in June totaled a SAAR of 15.3 million units, down by 4.8% year over year and by 4% from May 2024. […]
US Auto Sales Projected Up in June Year Over Year
New light vehicle sales in June are expected to maintain pace with May and translate to one of the stronger seasonally adjusted results since 2021. S&P Global Mobility projects new light vehicle sales volume in June 2024 to reach 1.40 million units, up approximately 1% year over year. This volume would translate to an estimated […]
May U.S. Auto Sales Projected Up 3% Over Last year
S&P Global Mobility projects new U.S. light vehicle sales volume in May 2024 to reach 1.4 million units. This unadjusted volume total would be up approximately 3% from the year-ago total, and up 7% from the April 2024 result. The estimated May sales total would translate to a sales pace of 15.6 million units seasonally […]
Study Says One in Five Retail Vehicle Sales YTD Have Electrified Powertrain in U.S.
Urban Science, the global automotive consultancy and technology firm, released a proprietary electric vehicle (EV) sales microstudy rooted in the firm’s industry sales data, which is updated daily, delivering a science-driven overview of the EV sales landscape in the U.S. The microstudy includes detailed 2024 sales insights through April 30, for the battery electric vehicle […]
New-Vehicle Retail Sales Projected Up Over 2% in April Compared to Last Year
Total vehicle sales, however, will decline slightly on a selling day basis. New vehicle retail sales are projected to increase compared to last year, while overall sales including fleet transactions will be down. Total new-vehicle sales for April 2024, including retail and non-retail transactions, are projected to reach 1,304,600 units, a 0.9% decrease from April […]
EV Sales Growth Slowed in the U.S. During First Quarter
Market share growth rate of electric vehicles was up slightly in first quarter from last year, but down on fourth quarter of 2023. Electric vehicle (EV) sales growth in the U.S. continues to slow, according to sales data analyzed by Kelley Blue Book. In the first quarter of 2024, Americans bought 268,909 new electric vehicles, […]
March Light Vehicle Sales Rate Up 3.8% in U.S. Compared to 2023
Sales rate up 7% for the full quarter. According to the National Automobile Dealers Association (NADA) Market Beat report, the March 2024 new light-vehicle sales seasonally adjusted annual rate (SAAR) was 15.5 million units—an increase of 3.8% compared with March 2023. March saw the highest raw sales volume for all of the first quarter 2024, […]
New Vehicle Sales Projected to Rise in March Compared to Last Year
Total new-vehicle sales for March 2024, including retail and non-retail transactions, are projected to reach 1,525,700 units, a 12.1% increase from March 2023, according to a joint forecast from J.D. Power and GlobalData. March 2024 has 27 selling days, the same as March 2023. The seasonally adjusted annualized rate (SAAR) for total new-vehicle sales is […]
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