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Posts Tagged ‘2017 new vehicle sales’

Analysts Predicting December Sales Slide

This year expected to be fourth-best sales result ever.

by on Dec.28, 2017

New vehicle sales in December are expected to decline 7%, according to analysts.

Despite dropping millions of dollars on advertising during the holidays, analysts estimate that sales of new vehicles in December 2017 will drop 7% year-over-year with virtually every major manufacturer seeing its sales drop.

However, manufacturers can take comfort from the fact that this December will be the best sales month of 2017. This year will end at 17.1 million units sold, which is a 2% drop from last year, but still the fourth-largest sales total in history.

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“December should be the biggest sales month of the year, and despite our expectations for significant year-over-year declines, the projected SAAR of 17.6 million would be the third-highest of the year,” said Tim Fleming, analyst for Kelley Blue Book.  (more…)

New Vehicle Sales Expected to Slide in April

Sales roller coaster continues to provide chills and thrills.

by on Apr.26, 2017

New vehicle sales are expected to drop at least 2% in April, according to several analysts.

Sales of new vehicles are expected to drop in April by between 2% and 3% year-over-year despite steadily rising incentives, according to estimates by Kelly Blue Book and J.D. Power, fueling concerns that the industry is facing a broad decline in 2017.

“After a weaker-than-expected March, it’s becoming more likely that 2017 will be the first down year for the industry since 2009,” said Tim Fleming, analyst for Kelley Blue Book. “Kelley Blue Book expects April to continue this downward trend, however, the SAAR should bounce back to approximately 17.1 million as a result of one less selling day.

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“Beyond April, we will continue to closely monitor still high levels of inventory and elevated incentive spending by manufacturers, both of which are signs of overproduction following last year’s sales peak,” he added in his new analysis of industry sales trends. (more…)