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 […]
February Total New-Vehicle Sales Projected to Increase as Availability Improves
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 […]
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