TrueCar: January New-Car Sales to Rise 15 Percent
TrueCar predicts January’s SAAR will reach 15.4 million, the highest reading since 2008. It also predicts that incentive spending will drop to its lowest level since October 2005.
TrueCar predicts January’s SAAR will reach 15.4 million, the highest reading since 2008. It also predicts that incentive spending will drop to its lowest level since October 2005.
A sales forecast by Edmunds.com indicated that an estimated 13.6 million new cars and trucks will be sold in 2012.
TrueCar.com forecasts that retail sales for the top seven manufacturers will improve in January, compared to the year-ago period.
TrueCar.com reported today that it expects new light-vehicle sales (including fleet) to be 868,283 units, up 16 percent from November 2009 and a decrease of almost 9 percent from October 2010 (on an unadjusted basis).
Edmunds.com analysts predict that January's new-vehicle sales (including fleet sales) will come in at 701,000 units, and that the seasonally adjusted annualized rate (SAAR) will be 10.7 million, down from 11.2 in December 2009.
The new-vehicle retail selling rate in January is expected to decline compared with both December 2009 and one year ago, according to J.D. Power and Associates, which gathers real-time transaction data from more than 8,900 franchisees across the United States.
U.S. light vehicle sales could reach 11.5 million units this year if the nation’s real gross domestic product (GDP) hits 2.9 percent, according to a forecast by R.L. Polk & Co.
December new-vehicle retail sales are expected to increase substantially compared with one year ago, indicating the continuation of the industry’s recovery, according to J.D. Power and Associates.
This month's new vehicle sales (including fleet sales) are expected to be 1.01 million units, a 13.3 percent increase from December 2008 and a 35.7 percent increase from November 2009, according to Edmunds.com.
New vehicle sales (including fleet sales) in July are expected to be about 950,000 units, a 16.3 percent decrease from July 2008, but a 10.8 percent increase from June 2009, according to Edmunds.com.
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