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You are here: Home / Archives for New Vehicle Sales

December and Full Year U.S. Light Vehicles Sales Up

January 8, 2025 By CollisionWeek Editor

The year finishes with highest monthly new vehicle sales rate since May 2021. New light-vehicle sales finished the year strong in December, leading to a full-year sales total of 15.85 million units—an increase of 2.2% compared to 2023 according to the National Automobile Dealers (NADA) Market Beat report. The December 2024 seasonally adjusted annual rate […]

Filed Under: News Tagged With: Electric Vehicles, National Automobile Dealers Association, New Vehicle Sales

89.6 Million Auto Sales Forecast Worldwide in 2025

January 2, 2025 By CollisionWeek Editor

US sales volume projected to reach 16.2 million vehicles. Battery electric vehicles projected to continue growth in market share. Global new light vehicle sales in 2025 are expected to rise 1.7% year-over-year, to 89.6 million units, according to a new forecast by S&P Global Mobility. The global auto sector remains focused on managing production and […]

Filed Under: News Tagged With: New Vehicle Sales, S&P Global Mobility

November New Light-Vehicle Sales Exceed Projections

December 10, 2024 By CollisionWeek Editor

Sales at highest rate since May 2021. Alternatively fueled vehicles nearly 20% of new vehicles sold this year. New light-vehicle sales in November 2024 beat expectations with a monthly SAAR of 16.5 million units, the highest since May 2021 according to the National Automobile Dealers Association (NADA). November’s SAAR also increased 6.7% from November 2023, […]

Filed Under: News Tagged With: Electric Vehicles, National Automobile Dealers Association, New Vehicle Sales

U.S. Light Vehicle Sales Projected Up 6% in November Compared to Last Year

November 26, 2024 By CollisionWeek Editor

On an unadjusted volume level, S&P Global Mobility projects November U.S. light vehicle sales to reach 1.31 million units, growth of 6% from the year ago level. This would translate to a seasonally adjusted rate (SAAR) of 15.9 million units, on trend with the 16.0 million unit mark realized in October. “Retail sales are showing […]

Filed Under: News Tagged With: Electric Vehicles, New Vehicle Sales, S&P Global Mobility

U.S. October New-Vehicle Sales Projected to Increase

October 24, 2024 By CollisionWeek Editor

Consumer spending on vehicles up 11.8% year over year. Total new-vehicle sales for October 2024, including retail and non-retail transactions, are projected to reach 1,327,600, a 2.1% increase from October 2023 on a selling day adjusted basis, according to a joint forecast from J.D. Power and GlobalData. October 2024 has 27 selling days, 2 more […]

Filed Under: News Tagged With: GlobalData, J.D. Power, New Vehicle Sales

Electric Vehicle Sales Mark Another Record in Q3

October 15, 2024 By CollisionWeek Editor

Higher incentives and more choices lead to growth in U.S. EV sales. According to new estimates from Kelley Blue Book, electric vehicle (EV) sales in the U.S. grew by 11% year over year in the third quarter and reached record highs for both volume and market share. According to the latest counts, an estimated 346,3091 […]

Filed Under: News Tagged With: Electric Vehicles, Kelley Blue Book, New Vehicle Sales

September Light Vehicle Sales Rate Up in U.S.

October 4, 2024 By CollisionWeek Editor

While sales rate improved year-over-year, NADA reduced its full-year sales forecast. New light-vehicle sales in September 2024 totaled a SAAR of 15.8 million units, an increase of 0.5% year-over year, according to the National Automobile Dealers Association (NADA) Market Beat report. Following a strong start to the year in Q1 2024, where raw sales volumes […]

Filed Under: News Tagged With: National Automobile Dealers Association, New Vehicle Sales

September U.S. Auto Sales Rate Up

September 27, 2024 By CollisionWeek Editor

While the sales rate was up, unit sales were lower compared to last year due to Labor Day timing. Given a relatively small number of selling days, 23, and with Labor Day volume counted in August, total U.S. auto sales in September are expected to be much lower than the year-ago and month-prior levels, but […]

Filed Under: News Tagged With: New Vehicle Sales, S&P Global Mobility

U.S. Consumers Less Likely to Purchase an EV Than Last Year

September 9, 2024 By CollisionWeek Editor

An increase in interest for hybrid vehicles, however, shows a new pathway to EV adoption. The fifth iteration of the EY Mobility Consumer Index (MCI), a global survey of almost 20,000 consumers from 28 countries, found that despite record U.S. consumer interest in electric vehicles (EVs) in 2023, only 34% of U.S. consumers intend to […]

Filed Under: News Tagged With: Electric Vehicles, Ernst & Young, New Vehicle Sales

New Light Vehicle Sales Rate Lower in August Despite Volume Increasing

September 6, 2024 By CollisionWeek Editor

The National Automobile Dealers Association (NADA) reported new light-vehicle sales in August totaled a SAAR of 15.1 million units, down 1.1% from August 2023’s 15.3 million. According to Patrick Manzi, NADA Chief Economist, the August 2024 sales calendar included Labor Day weekend this year, which led to a raw sales volume totaling 1.42 million units, […]

Filed Under: News Tagged With: National Automobile Dealers Association, New Vehicle Sales

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