Thursday, January 20, 2022
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sales

Are the October & November auto forecasts a sign of...

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New vehicle sales are expected to slide well into the double digits when October’s sales are reported, according to J.D. Power and LMC Automotive. Their joint forecast estimates total US retail sales of 943,500 units this month, representing a decrease of 17.4% compared to October 2020 when dealer lots were still full of cars. And […]
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JD Power and LMC Auto release automotive forecast for August 

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Last Thursday, JD Power and LMC Automotive released their projections for August 2021. Their joint assessment showed that sales are likely to see a significant drop from August 2020 and even more so from August 2019. Specifically, when adjusting statistics to even outselling days, new vehicle sales are projected to drop 14.3% from August 2020 […]
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inventory

Demand is high but low inventory will temper results, according...

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As June brings the first half of a historic 2021 to a close, the forecast for the month’s end remains largely positive. JD Power and LMC Automotive predict that retail new car sales will be well over 1.1 million units. That represents a 12.4% increase over last year’s pandemic sales and a slight 0.3% edge […]
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