The two firms expect January total light-vehicle sales to total 1.1 million units, while the January SAAR is expected to have reached 16.8 million units. LMC Automotive said its sales forecast for 2016 remains at 17.8 million units.
Total light-vehicle retail sales are expected to reach 1.3 million units in February, the highest total for the month since 2002, according to projections from J.D. Power and LMC Automotive.
The SAAR for retail sales in July is expected to be 13.8 million units, an increase of 600,000 vehicles compared to the same period last year.
Transaction prices for the first six months of 2014 averaged a record $29,630. Consumer expenditures on new vehicles also reached a record high of $194 billion during the period.
The expected SAAR for new light-vehicle retail sales in June will result in the fifth consecutive month of year-over-year growth, predicts J.D. Power and LMC Automotive.
J.D. Power and LMC Automotive predict the industry will record its highest selling rate this year during May, thanks to anticipated strong sales over the Memorial Day weekend.
New-vehicle retail sales in March are showing signs of improvement following slower-than-expected sales in the first two months of 2014, J.D. Power and LMC Automotive report.
Early returns for the month of February show sales of light vehicles rebounding after being hampered by severe weather disruptions in much of the United States.
U.S. consumers are expected to spend more than $34 billion on new vehicles in December, a historic high for the month, reports J.D. Power and LMC Automotive.
The Detroit News reports the prolonged government shutdown will likely negatively impact auto sales. Manufacturers report sales have not been hit hard yet, but industry experts say consumers can only take so much uncertainty.
media brand
The secure and easy all-access connection to your content.
Bookmarked content can then be accessed anytime on all of your logged in devices!
Already a member? Log In