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You are here: Home / Archives for New Vehicle Sales

US Light Vehicle Sales in December Fell by 27% Compared to 2020

January 7, 2022 By CollisionWeek Editor

A turbulent 2021 closed at 14.9 million units sold. Although there were some signs of recovery throughout the month, lean inventories dragged December sales down to 1.19 million Light Vehicles, according to LMC Automotive, the independent automotive global forecasting and market intelligence company. This volume was 27% below sales in December 2020, albeit the strongest […]

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

Edmunds Forecasts 15.2 Million New Vehicles Sales in 2022, Up on Pent Up Demand

December 17, 2021 By CollisionWeek Editor

Edmunds analysts say that the automotive industry faces yet another challenging year marked by inventory shortages amid strong consumer demand, forecasting that 15.2 million new cars will be sold in 2022. Edmunds analysts note that this would represent a 1.2% increase from their estimate of 15 million new vehicle sales in 2021. “2021 marked an […]

Filed Under: News Tagged With: Edmunds, New Vehicle Sales

U.S. Light Vehicle Sales Decline Eases Slightly in November

December 3, 2021 By CollisionWeek Editor

Light Vehicle Sales November 2021

LMC Automotive cautions lean inventories continue to severely impact the market’s selling rate. The month of November started strong, signaling that the worst impact of lean inventories on light vehicle sales may be over, but the month ended with the reality that dealers are still struggling to meet demand. Sales ended the month at 1 […]

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

New-Vehicle Sales Projected Lower on Continued Low Supply in November

November 29, 2021 By CollisionWeek Editor

J.D. Power and LMC Automotive project sales declines, but demand sustains record-high levels of prices and dealer profits. Used vehicle prices up. New-vehicle retail sales for November 2021 are expected to decline when compared with November 2020, according to a joint forecast from J.D. Power and LMC Automotive. Retail sales of new vehicles this month […]

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

Inventory Constraints Projected to Continue Reducing New-Vehicle Sales in October

October 27, 2021 By CollisionWeek Editor

Prices and profits, however, increase to record highs. Truck and SUV market share projected over 80% even with higher gas prices. New-vehicle retail sales for the month of October 2021 are expected to decline when compared with October 2020 and October 2019, according to a joint forecast from J.D. Power and LMC Automotive. Retail sales […]

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

U.S. Auto Sales Fall in September to Lowest Level for the Year

October 6, 2021 By CollisionWeek Editor

Vehicle supply crisis brings the recovery in auto sales from the pandemic to a halt. Greatly depleted inventories dragged down U.S. vehicle sales to their lowest level for the month of September since 2010, according to LMC Automotive, the independent automotive global forecasting and market intelligence company. Automakers sold just under 1 million Light Vehicles […]

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

Vehicle Manufacturer Chip Shortage Projected to Continue into Late 2022

September 23, 2021 By CollisionWeek Editor

An article yesterday in the Wall Street Journal warns that the “chip famine” starving vehicle manufacturers of needed electronics will likely continue widely into late 2022 and further for more advanced chips. The article, by David Yergin, vice chairman of IHS Markit, and Matteo Fini, vice president for automotive supply chain and technology at IHS […]

Filed Under: News Tagged With: Chip Shortage, IHS Markit, New Vehicle Sales, OEM Parts

Inventory Constraints Cause U.S. Light Vehicle Selling Rate to Fall

September 7, 2021 By CollisionWeek Editor

August 2021 Light Vehicle Sales

Annual sales rate at under 13 million units for first time since May 2020. As the microchip shortage worsened, US sales were impacted severely in August. Volume plunged to the lowest level in 2021, to 1.08 million Light Vehicles, according to LMC Automotive, the leading independent automotive global forecasting and market intelligence company. This represents […]

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

U.S. New Vehicles Sales Projected to Decline in August Due to Inventory Constraints

August 26, 2021 By CollisionWeek Editor

Light vehicle sales projected down substantially from both 2020 and 2019. New-vehicle retail sales for the month of August are expected to decline from August 2020 and decline from August 2019, according to a joint forecast from J.D. Power and LMC Automotive. Retail sales of new vehicles this month are expected to reach 987,100 units, […]

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

US Auto Sales Remained on Downward Trajectory in July

August 6, 2021 By CollisionWeek Editor

US Light Vehicle Sales July 2021

The annual selling rate fell to its lowest point in 2021. Lean inventories again hit the US sales performance, and July volumes were at 1.28 million units, according to LMC Automotive, the automotive global forecasting and market intelligence company. The volume indicates only a 3.5% year-on-year (YoY) increase, resulting from an improved economy and market […]

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

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