January US New Vehicle Sales to Decline. Profits, Prices Up

US Auto Sales – Jan 2022 Forecast – Courtesy JD Power and LMC Automotive

Ken Zino of AutoInformed.com on January US New Vehicle Sales to Decline. Profits, Prices Up

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The automotive economy is continuing to grow stronger under the Biden Administration recovery. Consumers will spend ~$37.2 billion on new vehicles this month, the highest on record for the month of January and 10% above January 2020. The distribution of of the benefits of that growth is uneven and tilted toward the wealthier.

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