J.D. Power, LMC Automotive Provide Vehicle Sales Forecasts
The seasonally adjusted annualized rate (SAAR) for total new-vehicle sales is expected to be 13.0 million units, down 3.5 million units from 2020.
Mixed Results Expected For New Vehicle Sales In May, As Prices Rise But Sales Pace Falls
With the extra selling day in 2018, consumers are expected to spend more than $41 billion on new vehicles in May, nearly $2.7 billion more than last year, according to a forecast developed jointly by J.D. Power and LMC Automotive.