J.D. Power, LMC: new vehicle sales in US slide again, 6th time this year

24 Nov 2016   Economy, USA

For the second time in three months and the sixth time this year, new-vehicle retail sales in November are expected to slip from year-ago levels, according to a monthly sales forecast developed jointly by J.D. Power and LMC Automotive. US new-vehicle retail sales in November are projected to reach 1,128,900 units, a 2.0% decrease from November 2015 on a selling-day adjusted basis, while total new-vehicle sales are expected to drop 3.4% to 1,381,800. While the presidential election had the potential to disrupt vehicle sales in the first half of the month, in reality, the impact was minimal, the companies said. This is consistent with past elections when a small suppression of sales during […]

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