New Vehicle Sales Pace To Decline Again Despite Higher Discounts
The new vehicle retail sales pace in April is expected to fall from a year ago, according to a forecast developed jointly by J.D. Power and LMC Automotive. The seasonally adjusted annualized rate for retail sales is expected to be 13.5 million units, down 500,000 from April 2017.
New Vehicle Retail Sales Pace To Decline In January; Full-Year Expected To Fall 1.5 Percent
“Coming off a strong sales period to close out 2017, a slower start to the year was anticipated,” said Thomas King, senior vice president of the data and analytics division at J.D. Power. “After the industry’s emphasis on the sell-down of old model-year vehicles in December, January is a transition month as manufacturers shift focus toward 2018 model-year vehicles.”
