Total new-vehicle sales for December 2022, including retail and non-retail transactions, are forecast to reach 1,254,700 units, a 5.3% increase from December 2021, according to a joint forecast from J.D. Power and LMC Automotive.* December 2022 has the same number of selling days as December 2021. The record transaction prices means that buyers are on track to spend nearly $48.2 billion on new vehicles this month, a slight -0.3% decrease from December 2021.

The seasonally adjusted annualized rate (SAAR) for total new-vehicle sales is forecast at 13.2 million units, up 7000,000 units from 2021. New-vehicle total sales in Q4 2022 are projected to reach 3,549,800, a 9.6% increase over Q4 2021 when adjusted for selling days. New-vehicle total sales for 2022 are projected to reach 13,687,000 units, an 8.4% decrease from 2021, adjusted for selling days.

New-vehicle retail sales for December 2022 are forecast to decline when compared with December 2021. Retail sales of new vehicles this month are expected to reach 1,039,200 units, a -2.8% decrease from December 2021. New-vehicle retail sales in Q4 2022 are projected to reach 2,938,500 units, a 1.3% increase from Q4 2021 when adjusted for selling days. New- vehicle retail sales for 2022 are projected to reach 11,648,200 units, an 11.3% decrease from 2021 when adjusted for selling days.