Edmunds: Pent-Up Demand to Prop Up New Car Sales in Q2
Edmunds forecasts that more than 4 million new cars and trucks will be sold in the U.S. in Q2 2023.
Sales Satisfaction Impacted by Low New-Vehicle Inventory
A new J.D. Power study shows customer satisfaction with buying vehicles is down for the first time in a decade.
Overheard: August Light Vehicle Sales Drop
This is the fifth month in a row that the total came in at less than 14 million.
J.D. Power & LMC Automotive: US Auto Forecast for Aug. 2022
Vehicle inventory shortages constrain August sales pace as average transaction prices reach all-time high.
Overheard: Auto and Truck Sales Still Suffering
Sales haven’t been this low since the recovery from the Great Recession of 2008-2010.
July New-Vehicle Sales Still Constrained
Economic conditions, rising interest rates will cause some buyers to defer new-vehicle purchases in August, says J.D. Power.
J.D. Power: New-Vehicle Prices Remain High, Inventory Flat
Total new-vehicle sales for June 2022, including retail and non-retail transactions, are projected to reach 1,133,000 units.
Overheard: Drivers Will Pay More for Safety Perks
More than 70% of drivers will pay more for cars with top safety features, according to a survey from Rocket Auto.
Overheard: Supply Struggles Impacting Vehicle Sales
In March 2022, auto and light truck sales dropped to a seasonally adjusted annual rate of 13.3 million.
Overheard: New Light Vehicle Sales Trends
Light-vehicle sales have been held back by limited inventory caused primarily by the ongoing microchip shortage.
Edmunds Forecasts 15.2M New Vehicle Sales in 2022
Consumer appetite for new vehicles continues to run high, which will serve to build up deferred demand next year and beyond, says Edmunds.
Edmunds: New Vehicle Sales Expected To Drop In Q3
Analysts forecast a SAAR of 12.3M in September as inventory shortages continue to squeeze the industry.