J.D. Power Sees U.S. February Auto Sales Up 17 Percent
DETROIT - J.D. Power and Associates forecast February U.S. light vehicle sales will rise 17 percent from a year earlier, reported Reuters.
U.S. retail sales are seen up 28 percent at 10.3 million vehicles, the research and consulting firm said on Thursday.
J.D. Power said retail selling rates signal the continuing U.S. auto industry recovery from 2008 and 2009, when much of the industry was restructured, including bankruptcies at General Motors Co and Chrysler.
Retail selling rates are a better indicator of consumer demand than overall selling rates, which include bulk fleet sales, it said.
The firm did not change its forecast for 2011 sales of 13 million light vehicles, up 12 percent from 2010. It sees retail sales up 15 percent to 10.5 million vehicles.
"The stronger retail environment, guided by the new business model that the industry is operating under, is an encouraging signal for 2011," said John Humphrey, J.D. Power senior vice president of automotive operations. "While fleet sales are not expected to grow at the same rate as retail, a rebound in more profitable commercial and governmental fleet volume will make up a larger proportion of the fleet mix in 2011."
Fleet sales to daily rental agencies are not seen as profitable.
North American production by automakers is forecast by J.D. Power to rise 8 percent in 2011 to 12.8 million vehicles, up from its previous forecast of 12.6 million.
J.D. Power said first-quarter North American production will rise 13 percent from a year earlier to 3.2 million vehicles. Output in the 2011 second half production will rise only 4 percent, it said.
U.S. February sales are seen at a seasonally adjusted annual rate of 12.4 million vehicles, based on results from the first 11 days of the month gathered by J.D. Power.
Total sales for February were forecast at 913,000 vehicles, and retail sales at 727,500.
More Industry

RV Group Expands Carolina Footprint
Blue Compass RV Columbia Northeast is the 13th RV dealership owned by Blue Compass in the Carolinas.
Read More →
Agent Acumen
An Agent Summit panel of people who’ve been supporting auto dealers for years gave both timely and timeless advice for those starting out or mulling the prospect.
Read More →
Missed Maintenance Creates Opportunity
As families get back on the road and into daily school routines, service drives have an opportunity to capture customers who are behind on recommended vehicle maintenance.
Read More →
Mitsubishi Unveils U.S. Plan
The automaker announced a strategy that includes an expanded lineup and dealership presence, along with more ‘rugged’ and electric models.
Read More →
Selling to Grow
The question of whether you should sell your agency and if so, when, is up to you. But it’s a question worth asking to ensure you keep the business on the right path for yourself, employees and clients.
Read More →
Recalled Vehicles Hit 5-Year High
Though the number of events has fallen so far this year, impacted units are up significantly. Meanwhile, regulators consider consumer notification changes.
Read More →
Auto Group Acquires Top-Performing Rooftop
Car Pros sold its Kia Huntington Beach location to Sutherlin Automotive Group, marking the buyer’s third location in Southern California.
Read More →
China as Pacesetter
Automotive leaders huddled on where North America stands in the global picture and how it can strengthen its position against the Asian juggernaut’s surging industry.
Read More →
BMW Concept Car Makes Fuel to Burn
The prototype developed in concert with a South Carolina university engineering team generates more solar energy than it uses in a typical daily commute.
Read More →
South Carolina Auto Group Downsizes
Florida-based group Holler-Classic has acquired four rooftops, its first in South Carolina, from Dick Smith Automotive Group.
Read More →