Consumer spending on new vehicles will set a February record. Total new-vehicle sales for February 2023, including retail and non-retail transactions, are projected to reach 1,117,100 units, a 7.2% increase from February 2022 according to a joint forecast from J.D. Power and LMC Automotive. February 2023 has the same number of selling days as February […]
January Light Vehicle Sales Increased Compared to Weak Month Last Year
While sales were up, they remained below pre-pandemic levels. U.S. Light Vehicle sales totaled 1.04 million units in January, according to LMC Automotive, a GlobalData Company. This represents a Year-over-Year (YoY) gain of 4.5%, with the same number of selling days as in January 2022. LMC Automotive cautions, however, that the results were not particularly […]
US Light Vehicle Sales Up in December
Annual sales volume of 13.7 million units in 2022 is the worst performance since 2011. US Light Vehicle sales totaled 1.28 million units in December, according to LMC Automotive, a GlobalData Company. This translates to a year-over-year (YoY) gain of 7.2%, with the same number of selling days as in December 2021. However, the results […]
November Auto Sales Projected Above Last Year
Electric vehicle sales are projected to be 5.9% of sales, but are primarily in coastal cities. U.S. new vehicles sales are projected to be up overall in November compared to last year as supply issues continue to improve. With volume for the month projected at 1.122 million units, November U.S. auto sales are estimated to […]
Electrified Vehicle Sales Hit Record in Third Quarter
Sales of electrified vehicles hit a record in the third quarter, as one of the hottest segments in the U.S. automotive market continues to make waves throughout the industry, according to Kelley Blue Book, a Cox Automotive company. More than 200,000 electrified vehicles were sold in the three-month span of Q3 – a first – […]
U.S. Light Vehicle Sales Fell Short of Expectations in September
Sales were up over 10.4 percent over weak comparison in 2021 sales. Hurricane Ian battered Florida delaying some potential sales. U.S. Light Vehicle sales totaled 1.11 million units in September, according to LMC Automotive, the automotive forecasting and market intelligence firm, a GlobalData company. This was the lowest monthly total since February, but the fact […]
September New Vehicle Sales Volumes Projected to Hold Steady at Low Level
Cox Automotive lowers full-year new-vehicle sales forecast. September U.S. auto sales, when confirmed next week, are expected to show a new-vehicle market mostly unchanged from previous months and still stuck in low gear. According to the Cox Automotive forecast, September U.S. new-vehicle sales are expected to finish near 1.10 million units, with a sales pace, […]
Electric Vehicles Were 6.6% of New Vehicle Sales in U.S. During Second Quarter
The Alliance for Automotive Innovation released its latest analysis of the U.S. electric vehicle (EV) market for April, May and June of 2022. The Get Connected Electric Vehicle Quarterly Report for Q2 summarizes EV sales, purchasing trends and public charging infrastructure across all 50 states. John Bozzella, president and CEO of the Alliance for Automotive […]
August Light Vehicles Sales Up Compared to Weak 2021
While the first positive result in more than a year thanks to a weak August last year, volumes remain flat for the third consecutive month. For the third consecutive month, US Light Vehicle sales totaled 1.13 million units, according to LMC Automotive, the automotive forecasting and market intelligence firm, a GlobalData company. However, a weak […]
New Vehicle Sales Projected Down in August on Selling Day Basis
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 […]
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