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You are here: Home / Archives for New Vehicle Sales

NADA Issues U.S. Auto Sales and Economic Analysis Following First Quarter 2022

April 8, 2022 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Inflation, National Automobile Dealers Association, New Vehicle Sales

U.S. Light Vehicle Sales Declined 22% in March Compared to Last Year

April 4, 2022 By CollisionWeek Editor

First quarter ends with 3.3 million units sold. LMC Automotive cuts annual forecast to 15.3 million in U.S. With inventories still at critically low levels, a strong 2021 base also contributed to a steep decline in Light Vehicle sales last month. March was the strongest month in 2021. US volumes fell by 22% from a […]

Filed Under: News Tagged With: LMC Automotive, New Vehicle Sales

March Light Vehicles Sales Projected to Decline Over 25% from Last Year

March 24, 2022 By CollisionWeek Editor

New vehicle sales remain constrained by low inventory. New-vehicle retail sales for March 2022 are expected to decline when compared with March 2021, according to a joint forecast from J.D. Power and LMC Automotive. Retail sales of new vehicles this month are expected to reach 1,044,500 units, a 27.8% decrease compared with March 2021 when […]

Filed Under: News Tagged With: J.D. Power, LMC Automotive, New Vehicle Sales

U.S. Light Vehicle Sales Declined 12% in February Compared to 2021

March 7, 2022 By CollisionWeek Editor

Even with higher fleet sales in February, lean inventories keep curbing the U.S. Light Vehicle sales. U.S. Light Vehicle sales continued to struggle in February due to slim inventories. According to LMC Automotive, the automotive global forecasting and market intelligence company, sales fell to 1.05 million units, down by 12% year-on-year (YoY). Only four of […]

Filed Under: News Tagged With: LMC Automotive, New Vehicle Sales

US Light Vehicle Sales Down 9% in January Compared to Last Year

February 8, 2022 By CollisionWeek Editor

Lean inventories continue to hold auto sales below real demand. The calendar indicates a new year, but the overall market conditions remain quite similar to the end of 2021. Lean inventories dragged down US sales in January to just over 1 million units, according to LMC Automotive, the independent automotive global forecasting and market intelligence […]

Filed Under: News Tagged With: LMC Automotive, New Vehicle Sales

New-Vehicle Retail Sales Projected Down 8.3% in January

January 27, 2022 By CollisionWeek Editor

Industry remains constrained by historic low inventory in wake of supply chain issues. New-vehicle retail sales for January 2022 are expected to decline when compared with January 2021, according to a joint forecast from J.D. Power and LMC Automotive. Retail sales of new vehicles this month are expected to reach 828,900 units, an 8.3% decrease […]

Filed Under: News Tagged With: J.D. Power, LMC Automotive, New Vehicle Sales

NADA Examines Impact of Supply Constraints on 2021 Auto Sales

January 12, 2022 By CollisionWeek Editor

Association forecasts 2022 sales up 3.4% from last year. The National Automobile Dealers Association (NADA) issued its analysis of 2021 U.S. auto sales and the economy and projections for 2022. “The major theme for new-vehicle sales in 2021 was constrained inventory,” said NADA chief economist Patrick Manzi. “The coronavirus pandemic and resulting microchip shortage and […]

Filed Under: News Tagged With: National Automobile Dealers Association, New Vehicle Sales

US Light Vehicle Sales in December Fell by 27% Compared to 2020

January 7, 2022 By CollisionWeek Editor

A turbulent 2021 closed at 14.9 million units sold. Although there were some signs of recovery throughout the month, lean inventories dragged December sales down to 1.19 million Light Vehicles, according to LMC Automotive, the independent automotive global forecasting and market intelligence company. This volume was 27% below sales in December 2020, albeit the strongest […]

Filed Under: News Tagged With: LMC Automotive, New Vehicle Sales

Edmunds Forecasts 15.2 Million New Vehicles Sales in 2022, Up on Pent Up Demand

December 17, 2021 By CollisionWeek Editor

Edmunds analysts say that the automotive industry faces yet another challenging year marked by inventory shortages amid strong consumer demand, forecasting that 15.2 million new cars will be sold in 2022. Edmunds analysts note that this would represent a 1.2% increase from their estimate of 15 million new vehicle sales in 2021. “2021 marked an […]

Filed Under: News Tagged With: Edmunds, New Vehicle Sales

U.S. Light Vehicle Sales Decline Eases Slightly in November

December 3, 2021 By CollisionWeek Editor

Light Vehicle Sales November 2021

LMC Automotive cautions lean inventories continue to severely impact the market’s selling rate. The month of November started strong, signaling that the worst impact of lean inventories on light vehicle sales may be over, but the month ended with the reality that dealers are still struggling to meet demand. Sales ended the month at 1 […]

Filed Under: News Tagged With: LMC Automotive, New Vehicle Sales

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