Inventory shortages likely to cause July sales pace to weaken. New-vehicle retail sales for the month of July are expected to grow from July 2020 but decline from July 2019, according to a joint forecast from J.D. Power and LMC Automotive. Retail sales of new vehicles this month are expected to reach 1,187,300 units, a […]
Lean Inventories Impact US Light Vehicle Sales in June
The annual selling rate down to its lowest point since August 2020. The chip shortage that has plagued global production for months is finally impacting sales in the US. According to LMC Automotive, the independent automotive global forecasting and market intelligence company, 1.3 million Light Vehicles were sold in June, up by 17% from last […]
June New Vehicle Sales Projected Above Last Year and Pre-Pandemic Levels
J.D. Power and LMC Automotive forecast good month but low inventory impacting pace. Average price of vehicles up over 10% compared to last year. New-vehicle retail sales for the month of June are expected to show growth over June 2020 and June 2019, according to a joint forecast from J.D. Power and LMC Automotive. Retail […]
Consumer Federation Warns Vehicle Shortage Wreaking Havoc with Car Buyer’s Pocketbooks
As Americans begin to see the light at the end of the COVID tunnel, record numbers of buyers are venturing back into auto showrooms. “The problem,” says Jack Gillis, CFA’s Executive Director and author of The Car Book, “is that vehicle inventories are way down which means it’s a sellers’ market. Limited supply is a […]
US Light Vehicle Sales Shatter Projections in April
Sales at an annual selling rate above 18 million units for the second consecutive month. US Light Vehicle sales broke records once again in April, according to LMC Automotive, the independent automotive global forecasting and market intelligence company. Light Vehicle sales totaled 1.54 million units, the highest volume for the month of April ever. At […]
April New-Vehicle Sales Projected to Break Record Despite Low Inventory
J.D. Power and LMC Automotive forecast over 20% increase in new light vehicle sales versus two years ago for the month. New-vehicle retail sales for April 2021 are expected to be the highest ever recorded for the month of April, according to a joint forecast from J.D. Power and LMC Automotive. Retail sales for new […]
March Light Vehicle Sales Shatter Expectations in the U.S.
Annual selling rate of 18 million units is the highest ever for the month. Despite global production interruptions caused by parts shortages, US sales rebounded strongly in March. LMC Automotive reports that volumes reached 1.61 million Light Vehicles, making this the third best March in history – with higher volumes only recorded in 2000 and […]
Auto Industry Sales Projected to Break Records in First Quarter Due to Strong Retail Demand
First quarter spending on new vehicles at record levels. New-vehicle retail sales for the month of March are expected to show growth over March 2020 and March 2019, according to a joint forecast from J.D. Power and LMC Automotive. Retail sales for new vehicles are projected to reach 1,288,100 units, a 70.7% increase compared with […]
February Auto Sales Projected to Exceed 2020 Levels on Selling-Day Basis
Retail sales strong in February despite adverse weather and lean inventory. New-vehicle retail sales for the month of February are expected to show growth from February 2020, according to a joint forecast from J.D. Power and LMC Automotive. Retail sales for new vehicles are projected to reach 975,600 units, a 3.3% increase compared with February […]
January Light Vehicle Sales Start Strong at 16.6 Million Unit Annual Rate
Annual outlook upgraded. New vehicle sales started 2021 on a strong note, with 1.09 million Light Vehicles sold in the US, down by 3.1% year-on-year (YoY), according to actual results in an analysis from LMC Automotive. However, despite one fewer selling day, the daily average volume grew by 1.0%, to 45,542 units. This translates into […]
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