Even with one less selling day in February this year and news about the national sequester that was slated to be put into action on March 1, news about new car and light-truck sales was positive and upbeat.
Light-vehicle sales in February rose 8.1% (when selling-day adjusted) from the previous year’s same month totals. Sales reached 1.19 million units and were up 19% from January of this year, according to analysis from J.D. Power’s strategic partner, LMC Automotive. That translates to a seasonally adjusted selling pace of 15.34 million units.
In early sales reports from the manufacturers, four major automakers—General Motors, Ford Motor Co., Fiat-Chrysler and Toyota Group—reported gains from a year ago, while Honda and Hyundai Groups said sales were stable or up slightly. Nissan Group’s sales slipped in single digits from last February. Among European automakers, Volkswagen and BMW Groups also posted higher sales as did Daimler Group. The parent of Mercedes-Benz and smart brands may have led automaker gains with an increase of more than 22% (unadjusted) from a year ago. Continue reading ›
In February, fuel-efficient, compact models, including new and redesigned entries from the Detroit-based automakers, were in demand in the US market. On a selling-day-adjusted basis*, February deliveries were up slightly more than 11% from a year ago, and the seasonally adjusted annual sales rate (SAAR) translated to just over 15.0 million units, based on analysis from J.D. Power’s Power Information Network® (PIN) and LMC Automotive.
The Volkswagen Group (+26.8%) and Chrysler Group LLC (+34.8%) posted the largest year-over-year increases and outpaced the industry, despite a spike in gasoline prices, which are up by as much as 45 cents per gallon since the first of the year. At the same time, smaller models were more popular this year. Sub-compact segment deliveries climbed 38% in February vs. a year ago and accounted for 4.3% of industry sales, up from a 3.46% share in the prior year.
Positive factors driving February 2012 deliveries include an improving US economy, a drop in the unemployment rate, an advance in consumer confidence, and better stock market numbers, in addition to pent-up demand from owners replacing their older vehicles. Continue reading ›
Despite a number of winter storms, US consumers turned out in January to lease or purchase 17.2% more new cars and light trucks than in the same month of 2010—slightly higher than already upbeat forecasts earlier in the month from J.D. Power and Associates.
Retail deliveries were strong in January 2011—up 25.3% from January . . . Continue Reading US Auto Industry Gets a Sales Boost in January
In its latest monthly sales forecast, J.D. Power and Associates expects retail new-vehicle sales to reach 857,000 units in August, representing a seasonally adjusted annual selling rate (SAAR) of 8.9 million units, which may be down slightly from July’s relatively strong retail selling rate of 9.2 million units. August’s retail sales pace also will . . . Continue Reading August Sales Pace Likely to Reflect Slow Recovery