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You are here: Home / Archives for New Vehicle Sales

New Vehicle Sales Projected Down in August on Selling Day Basis

August 24, 2022 By CollisionWeek Editor

Vehicle inventory continues to restrain sales. New-vehicle retail sales for August 2022 are expected to decline when compared with August 2021, according to a joint forecast from J.D. Power and LMC Automotive. Retail sales of new vehicles this month are expected to reach 980,400 units, a 2.6% decrease compared with August 2021 when adjusted for […]

Filed Under: News Tagged With: Electric Vehicles, J.D. Power, LMC Automotive, New Vehicle Sales

US Light Vehicle Sales Remain Flat in July from Previous Month

August 9, 2022 By CollisionWeek Editor

Inventory deterioration slows down during the month. U.S. Light Vehicle sales in July performed mostly in line with the June results, according to LMC Automotive, the automotive forecasting and market intelligence firm, now a GlobalData company. Sales are still curbed by lean inventories. July volumes totaled 1.13 million units, slightly weaker than expectations going into […]

Filed Under: News Tagged With: LMC Automotive, New Vehicle Sales

July New-Vehicle Sales Remains Constrained by Supply Chain Issues

July 29, 2022 By CollisionWeek Editor

Sales pace is basically limited to the number of vehicles delivered to dealers each month as demand remains strong. Transaction prices and dealer profits remain at record levels. New-vehicle retail sales for July 2022 are expected to decline when compared with July 2021, according to a joint forecast from J.D. Power and LMC Automotive. Retail […]

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

US Light Vehicle Sales Fell by 13% in June Compared to 2021

July 7, 2022 By CollisionWeek Editor

Sales have declined by 1.5 million units in the first half of 2022 from last year. As OEMs continue to struggle to build enough vehicles to meet demand, US Light Vehicle sales fell by 13% YoY in June, according to LMC Automotive, the automotive forecasting and market intelligence firm and GlobalData company. June volumes added […]

Filed Under: News Tagged With: LMC Automotive, New Vehicle Sales

New Vehicle Sales Projected to Decline Again in June Compared to Last Year

June 24, 2022 By CollisionWeek Editor

New-vehicle transaction prices projected at all-time high. New-vehicle retail sales for June 2022 are expected to decline when compared with June 2021, according to a joint forecast from J.D. Power and LMC Automotive. Retail sales of new vehicles this month are expected to reach 965,300 units, a 18.2% decrease compared with June 2021 when adjusted […]

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

New Light-Vehicle Sales Down 12.6% Month-Over-Month in May

June 3, 2022 By CollisionWeek Editor

NADA Chief Economist says supply constraints continue to limit sales. New light-vehicle sales fell 12.6% in May to a seasonally adjusted annual rate (SAAR) of 12.7 million units, versus April and were down 24.9% from May 2021. May’s SAAR was below expectations of a SAAR in the mid-13 millions, increasing the risk that the second […]

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

US New Vehicle Retail Sales Projected to Decline Over 20% Compared to Last Year

May 25, 2022 By CollisionWeek Editor

Average price forecast to set another record. New-vehicle retail sales for May 2022 are expected to decline when compared with May 2021, according to a joint forecast from J.D. Power and LMC Automotive. Retail sales of new vehicles this month are expected to reach 1,013,700 units, a 20.9% decrease compared with May 2021 when adjusted […]

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

U.S. Light Vehicle Sales Down 17% in April Compared to Last Year

May 5, 2022 By CollisionWeek Editor

Lean inventories continue to depress new vehicle sales. U.S. Light Vehicle sales in April reached their highest level so far this year, according to LMC Automotive, the automotive forecasting and market intelligence company, that is now part of GlobalData. The 1.26 million units sold represent a 17% year-on-year (YoY) decline, but volumes were up by […]

Filed Under: News Tagged With: LMC Automotive, New Vehicle Sales

NADA Issues U.S. Auto Sales and Economic Analysis Following First Quarter 2022

April 8, 2022 By CollisionWeek Editor

Dealer association chief economist examines economic trends influencing auto industry. The National Automobile Dealers Association (NADA) has issued its analysis of U.S. auto sales and the economy following the end of the first quarter of 2022. “Inventory remains the biggest impediment related to U.S. auto sales,” said NADA chief economist Patrick Manzi. “And unfortunately, inventory […]

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

U.S. Light Vehicle Sales Declined 22% in March Compared to Last Year

April 4, 2022 By CollisionWeek Editor

First quarter ends with 3.3 million units sold. LMC Automotive cuts annual forecast to 15.3 million in U.S. With inventories still at critically low levels, a strong 2021 base also contributed to a steep decline in Light Vehicle sales last month. March was the strongest month in 2021. US volumes fell by 22% from a […]

Filed Under: News Tagged With: LMC Automotive, New Vehicle Sales

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