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Edmunds: Stage Set for Market Contraction

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NADA: 17.4 Million Units Possible for 2017

LOS ANGELES — Noting that the economic outlook is a little less certain than a week ago, the National Automobile Dealers Association’s Steven Szakaly called for a 17.1 million-unit year in 2017. But the NADA’s chief economist said he’ll have a better read by the end of February, beginning of March. By that time, Szakaly ... Read More »

New-Vehicle SAAR Falls Below 17 Million in August, Manheim Reports

ATLANTA — The seasonally adjusted annual rate (SAAR) for new vehicles fell below 17 million for the second time this year in August, according to Manheim. The firm, however, said the drop should not be cause for concern, noting that it “may be a good think.” A lower SAAR, the company stated, points to manufacturers ... Read More »

NADA Maintains 17.7 Million Sales Forecast for 2016

KBB Predicts Record Sales in April

IRVINE, Calif. — Kelley Blue Book said this week it expects new-vehicle sales to grow by 4% compared to the same-year period in 2015. The expected growth should deliver record new-vehicle sales of 1.51 million and a SAAR of 17.5 million. Retail sales, the firm said, are expected to account for 80.3% of volume this ... Read More »

April Vehicle Sales Paced at 16.5 Million-Unit SAAR

WOODCLIFF LAKE, N.J. — Total new-vehicle sales in April increased 0.6% compared with a year ago to 1.45 million units, according to Autodata Corp. April’s seasonally adjusted annual rate was 16.5 million units – down from last month’s SAAR of 17.15 million. The following is a breakdown of sales performance by manufacturer: BMW: BMW Group ... Read More »

2014 U.S. Vehicle Sales Rise to 16.5 Million Units

WOODCLIFF LAKE, N.J. — December’s total new-vehicle sales increased 10.8% vs. a year ago to 1.5 million units, according to Autodata Corp., capping off a year in which sales increased 5.9% from a year ago to 16.5 million units. December’s seasonally adjusted annual rate did fall from November’s 17.2 million-unit rate — the highest rate ... Read More »

New Forecasts Show Best September Sales Since 2007

SANTA MONICA, Calif. — New vehicle sales projections for September are up as much as 9.7% compared to the same period last year according to forecasts from TrueCar and J.D. Power. Over 1.2 million new light-vehicles will be sold in September which TrueCar is calling the highest number in 7 years. “We expect another strong ... Read More »

Edmunds.com: Winter Weather Freezes January Auto Sales, but Shoppers Can Warm up to Available Deals

SAAR Climbs Above 14 Million-Unit Mark in June