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Automakers Keep Sales Momentum Rolling in March

FCA, Honda staring at double-digit increases.

by on Mar.29, 2016

Early returns on March new vehicle sales numbers suggest that Americans are continuing to buy at a near record pace.

As analysts sift through the early sales numbers from March they have reached some different conclusions, but the overall picture remains relatively stable with the money spent on new vehicles setting a record as sales momentum begins to slow.

J.D. Power & Associates estimated that new-vehicle retail sales in March are expected to drop 2% lower on a selling-day-adjusted basis, which is the first time there has been a year-over-year decline in sales since August 2010.

Sales News!

However, Kelly Blue Book offered a different interpretation, estimating that March sales are expected to increase 8% year-over-year to a total of 1.66 million units in March 2016, resulting in an estimated 17.2 million seasonally adjusted annual rate or SAAR. Two additional selling days will help this month’s volume totals as the SAAR will stay relatively consistent with recent months. (more…)

November Car Sales Show Sustained Industry Momentum

But recovery still likely to be a long, slow one.

by on Dec.01, 2010

Initial signs suggest U.S. car dealers were busy in November, following a previous strong month.

While industry bean-counters are still tallying up the reports flooding in from their U.S. dealers, initial indications are that November was another good month for the U.S. auto industry – but still nowhere near the sort of turnaround that carmakers domestic and foreign ultimately are hoping for.

Overall, if outside analysts have their sources pegged, November sales of new vehicles rose somewhere between 15% and 17%, overall, while the retail side of the market posted particularly strong gains.  That’s a segment that observers inside and out watch closely because consumers, rather than fleet buyers, will ultimately drive the long-sought recovery.

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Breaking News!

“Strength in retail sales has continued past mid-November, revealing a trend toward sustained upward momentum,” said Jeff Schuster, executive director of global forecasting at J.D. Power and Associates. “It appears that consumer concern regarding the pace of the recovery may be easing as the industry exhibits gradual improvement.”

(more…)