Total US new-vehicle sales for August 2023, including retail and non-retail transactions, are forecast to reach 1,354,600 units, a 15.4% increase from August 2022, according to a joint release from J.D. Power and GlobalData made public today.* August 2023 has 27 selling days, one more than August 2022. Comparing the same sales volume without adjusting for the number of selling days translates to an increase of 19.9% from a year ago. The seasonally adjusted annualized rate (SAAR) for total new-vehicle sales is expected to be 15.3 million units, up 2.1 million units from August 2022. (AutoInformed: US July Vehicle Sales Forecast Up Significantly Again)
“August feels like another rinse-and-repeat month as the industry continues its pace of double-digit sales growth for a fifth consecutive month. This is facilitated by incremental increases in vehicle production and leveraging continued strong demand from fleet customers,” said Thomas King, president of the data and analytics division at J.D. Power. Continue reading









EV Tech-aches 2023 – More Problems than ICE Vehicles
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Battery-electric vehicle (BEV) owners have more problems with advanced technology than do owners of internal combustion engine (ICE) vehicles, according to the J.D. Power 2023 U.S. Tech Experience Index (TXI) Study,SM released today. The study focuses on the user experience with advanced vehicle technology as it first comes to market and is an early measure of problems encountered by vehicle owners. (AutoInformed: Tech-Aches – J.D. Power 2023 U.S. Vehicle Dependability Study)
“Innovation through a strong advanced tech strategy is crucial for all vehicle manufacturers, especially those working to build their reputation in the electric vehicle space,” said Kathleen Rizk, senior director of user experience benchmarking and technology at J.D. Power. “The perception in the industry is that most BEVs should offer many advanced technologies to compete with high-tech entrants like Tesla. Success will be dependent on those manufacturers that can execute flawlessly, while ensuring the user experience is the same for those who are tech savvy and those who are not.” Continue reading →