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 […]
US Light Vehicle Sales Remain Flat in July from Previous Month
Inventory deterioration slows down during the month. U.S. Light Vehicle sales in July performed mostly in line with the June results, according to LMC Automotive, the automotive forecasting and market intelligence firm, now a GlobalData company. Sales are still curbed by lean inventories. July volumes totaled 1.13 million units, slightly weaker than expectations going into […]
July New-Vehicle Sales Remains Constrained by Supply Chain Issues
Sales pace is basically limited to the number of vehicles delivered to dealers each month as demand remains strong. Transaction prices and dealer profits remain at record levels. New-vehicle retail sales for July 2022 are expected to decline when compared with July 2021, according to a joint forecast from J.D. Power and LMC Automotive. Retail […]
US Light Vehicle Sales Fell by 13% in June Compared to 2021
Sales have declined by 1.5 million units in the first half of 2022 from last year. As OEMs continue to struggle to build enough vehicles to meet demand, US Light Vehicle sales fell by 13% YoY in June, according to LMC Automotive, the automotive forecasting and market intelligence firm and GlobalData company. June volumes added […]
New Vehicle Sales Projected to Decline Again in June Compared to Last Year
New-vehicle transaction prices projected at all-time high. New-vehicle retail sales for June 2022 are expected to decline when compared with June 2021, according to a joint forecast from J.D. Power and LMC Automotive. Retail sales of new vehicles this month are expected to reach 965,300 units, a 18.2% decrease compared with June 2021 when adjusted […]
New Light-Vehicle Sales Down 12.6% Month-Over-Month in May
NADA Chief Economist says supply constraints continue to limit sales. New light-vehicle sales fell 12.6% in May to a seasonally adjusted annual rate (SAAR) of 12.7 million units, versus April and were down 24.9% from May 2021. May’s SAAR was below expectations of a SAAR in the mid-13 millions, increasing the risk that the second […]
US New Vehicle Retail Sales Projected to Decline Over 20% Compared to Last Year
Average price forecast to set another record. New-vehicle retail sales for May 2022 are expected to decline when compared with May 2021, according to a joint forecast from J.D. Power and LMC Automotive. Retail sales of new vehicles this month are expected to reach 1,013,700 units, a 20.9% decrease compared with May 2021 when adjusted […]
U.S. Light Vehicle Sales Down 17% in April Compared to Last Year
Lean inventories continue to depress new vehicle sales. U.S. Light Vehicle sales in April reached their highest level so far this year, according to LMC Automotive, the automotive forecasting and market intelligence company, that is now part of GlobalData. The 1.26 million units sold represent a 17% year-on-year (YoY) decline, but volumes were up by […]
NADA Issues U.S. Auto Sales and Economic Analysis Following First Quarter 2022
Dealer association chief economist examines economic trends influencing auto industry. The National Automobile Dealers Association (NADA) has issued its analysis of U.S. auto sales and the economy following the end of the first quarter of 2022. “Inventory remains the biggest impediment related to U.S. auto sales,” said NADA chief economist Patrick Manzi. “And unfortunately, inventory […]
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