May Light Vehicle Sales Results Show Double-Digit Declines
The seasonally adjusted, annualized rate of sales fell to 12.81 million in May, according to Motor Intelligence.
June 2, 2022
The seasonally adjusted, annualized rate of sales fell to 12.81 million in May, according to Motor Intelligence.
June 2, 2022
Industry analysts predict U.S. auto retail sales will dip in January as manufacturing slows.
January 27, 2022
Ford Motor Co. CEO Jim Farley says he hopes to overtake Tesla in U.S. electric-vehicle sales, but first he hopes to overtake GM.
December 16, 2021
The proposed strategy includes building 500,000 charging stations for electric vehicles across the country and lowering the cost of electric cars.
December 16, 2021
Combined sales at the seven major automakers that release monthly results dropped 17% in October. Automakers cite the semiconductor chip shortage and supply chain bottlenecks as the reason.
November 4, 2021
Cox Automotive and LMC report new-vehicle inventories shrank to just over 915,000 in September and predict further shrinkage as production issues and supply shortages linger.
October 19, 2021
U.S. new vehicle retail sales are expected to drop 888,900 units in September, from 1,182,788 a year ago.
September 30, 2021
LMC Automotive expects the semiconductor shortage to cut production in North America by about 452,000 units over the remaining months. The company also expects the chip shortage to impact production by about 1.5 million units.
August 10, 2021
January to see modest declines despite record incentives.
January 30, 2020
J.D. Power and LMC Automotive analysts predict that, despite a slow start to 2019 and a short September, third-quarter new-vehicle sales will rebound on the strength of a 6% increase in factory incentive spending.
October 1, 2019
Retail sales for the first half of 2018 are expected to be the weakest since 2014, but record transaction prices have consumers on pace to spend nearly $5 billion more on new-vehicle purchases during the period compared to a year ago.
June 28, 2018
Average incentive spending in February is poised to fall for the first time since 2013 due to lower spending by Domestic manufacturers on trucks and SUVs. The two firms also project a 400,000-unit decrease in the SAAR and a 3% decline in retail sales.
February 27, 2018
Not even record incentive spending for the month is expected to keep May retail sales on pace with a year ago, according to the two firms.
May 31, 2017
April retail sales are expected to reach 1.17 million thanks to record incentive spending. However, average days to turn continues to rise, with nearly 30% of vehicles sold so far in 2017 having sat on dealer lots more than 90 days.
April 26, 2017
Ford's decision to idle production of its F-150 pickup last week has followed several months of slowing demand in retail and fleet channels and may point to a larger trend in pickup sales.
October 25, 2016
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