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The COVID-19 pandemic is still plaguing the light vehicle market, but May’s sales pace is still expected to be a giant step forward on the path to recovery.
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Analysts found that, as in 2018, consumers continued to abandon car segments in 2019. Light trucks are on track to account for more than 70% of overall new-car sales for 2019, while cars will account for less than 30% of new-car sales.
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Edmunds is forecasting 1,392,434 new vehicles sales through September, representing a 5.4% decline from March and an 8.3% decline from the same time last year.
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New-vehicle sales through the first six months of 2017 are expected to be down 2.3%, and high quality off-lease vehicles may be part of the reason why, according to Kelley Blue Book.
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New-vehicle sales are expected to be down 3% compared to the same time last year, for a total of 1.3 million retail and fleet vehicles sales during February, which lowers the estimated seasonally adjusted annual rate (SAAR) to 17.1 million compared to February 2016’s 17.6 million SAAR.
Read More →Auto manufacturers are ready to pump out more cars. Could this mean higher incentives and lower residuals?
Read More →According to a study by Polk, Enterprise customers are 55% more likely to buy new vehicles within six months of their rental.
Read More →After factoring in incentives and lower finance APRs on new cars, purchasing these new vehicles ends up only marginally more than purchasing their one-year-old counterparts, according to Kelley Blue Book.
Read More →Fleet and rental sales are expected to make up 20 percent of total industry sales in October 2011.
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Average auction rates for rental risk units remain above this mark for the fifth month in a row.
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