On a selling day-basis, sales are projected down less than one percent from last year, but more than 12% overall. Average retail sale price up over 8%. New-vehicle retail sales for the month of November are expected to decline marginally from November 2019, according to a joint forecast from J.D. Power and LMC Automotive. Retail […]
Inventory Constraints Impede August Vehicle Sales
J.D. Power and LMC Automotive project over 13% decrease in total vehicle sales, but average vehicle prices will reach an all-time high. New-vehicle retail sales in August are expected to be down from a year ago, according to a joint forecast developed jointly by J.D. Power and LMC Automotive. Retail sales are projected to reach […]
NADA Reports Light Trucks Account for 63% of New-Vehicle Sales through May
According to the National Automobile Dealers Assocation (NADA) May edition of Mark Beat, sales of new crossovers, SUVs and pickup trucks continued to gain market share through the first five months of 2017 in the U.S. “While May traditionally is a good month for selling cars, light-vehicle sales came in below expectations,” said NADA Chief […]