Will mark fourth consecutive month of double-digit percentage growth. Total new-vehicle sales for July 2023, including retail and non-retail transactions, are projected to reach 1,320,982 units, a 21.5% increase from July 2022, according to a joint forecast from J.D. Power and GlobalData. Total sales of new vehicles this month are expected to reach 1,320,982 units, […]
U.S. Light Vehicle Sales Up Over 13% in First Half of 2023
Light Vehicle sales likely totaled 1.38 million units in the U.S. during June, according to GlobalData, with most OEMs reporting. June was another month of robust activity, as the market continued to shrug off concerns over an economic slowdown later in the year. The June selling rate was estimated at 15.8 mn units/year, up from […]
U.S. Auto Sales Projected to Increase Over 22% in June Compared to Last year
Growth continues for third consecutive month. Total new-vehicle sales for June 2023, including retail and non-retail transactions, are projected to reach 1,381,200 units, a 22.6% increase from June 2022, according to a joint forecast from J.D. Power and GlobalData. June 2023 has 26 selling days, the same as June 2022. New-vehicle total sales in Q2 […]
US Light Vehicle Sales Up Over 22% in May Compared to Last Year
May daily selling rate was the highest in two years. US Light Vehicle sales totaled 1.36 million units in May, according to GlobalData. The market grew by 22.6% YoY, without adjusting for selling days. May had one additional selling day compared to May 2022, and sales were also unusually weak in May 2022, as it […]
US Light Vehicle Sales Projected Up 18% in May Compared to Last Year
S&P Global Mobility reports growing inventories and falling prices, but US auto sales growth still progressing slowly. As the market awaits a clear signal that either growing new-vehicle inventories or consumer affordability issues will emerge as the main determinant of auto sales trends in the immediate term, new U.S. light vehicle demand in May is […]
US Light Vehicle Market Heats Up in April with Robust Result Above Pre-Pandemic Levels
Sales up over 10% in April even with one fewer selling day compared to last year. US Light Vehicle sales totaled 1.36 million units in April, according to LMC Automotive, a GlobalData Company. This translates to a year-over year (YoY) gain of 10.2%, a result made all the more impressive by the fact that April […]
U.S. Light Vehicle Sales Projected Up in April Over Last Year
According to S&P Global Mobility, new light vehicle sales in April are expected to maintain the pace of the preceding months but uncertainty remains for the rest of the year. S&P Global Mobility estimates new light vehicle sales volume in April 2023 to reach 1.29 million units, up approximately 4% from April 2022 and representing […]
U.S. Light Vehicle Sales Up Sharply in March
Sales grew by 8.6% compared to last year. U.S. Light Vehicle sales totaled 1.37 million units in March, according to LMC Automotive, a GlobalData Company. This translates to a year-over-year (YoY) gain of 8.6%, with the same number of selling days as in March 2022. In absolute terms, March saw the highest sales volumes of […]
March Total New-Vehicle Sales Pace Projected to Increase Over Last Year
Pent up demand buoys sales. Spending on new vehicles projected to set Q1 record. Total new-vehicle sales for March 2023, including retail and non-retail transactions, are projected to reach 1,330,700 units, a 6.2% increase from March 2022, according to a joint forecast from J.D. Power and LMC Automotive. March 2023 has the same number of […]
US Light Vehicle Sales Up 9.5% in February Compared to Last Year
While February sales were still below pre-pandemic levels, it was a robust result by the standards of recent months. US Light Vehicle sales totaled 1.14 million units in February, according to LMC Automotive, a GlobalData Company. This translates to a Year-over-Year (YoY) gain of 9.5%, with the same number of selling days as in February […]
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