Click to Enlarge.
Absolute new-vehicle sales for August 2024, including retail and non-retail transactions, are set to reach 1,437,954, a 4.2% increase from August 2023 on a selling day adjusted basis, according to a joint forecast from J.D. Power and GlobalData.* August 2024 has 28 selling days, one more than August 2023. Comparing the same sales volume without adjusting for the number of selling days translates to an increase of 8.1% from 2023.
“New-vehicle sales in August are up from a year ago, as expected. A key element of the improvement is that this year, the Labor Day holiday weekend falls within the August** sales reporting period instead of September where it normally falls,” said Thomas King, president of the data and analytics division at J.D. Power. “While the sales results for August will be positive, the seasonally adjusted annualized rate (SAAR), which corrects for Labor Day timing, is relatively modest at just 15.3 million units.” Continue reading
Jaguar Again Recalls I-Pace Models for Battery Fires
Jaguar Land Rover is conducting a safety defect recall campaign involving 2019 MY Jaguar I-Pace* vehicles built at the Graz Vehicle Assembly Plant from 9 January 2018 through 14 March 2019. The basis for the recall population is all Jaguar I-Pace 19 model year vehicles not included in the Jaguar H484 safety defect recall. The batteries in question were from LG Energy Solution in Poland. Recalled vehicles will receive a software update that will change the maximum state of charge of the battery to 80%. A permanent remedy is under development.
Owners are advised to park and charge their vehicle outside and away from structures until the recall repair is complete and for 30 days after the repair has been completed. As an interim repair, dealers will update the battery energy control module software, free of charge as required by US safety regulations. The final fix is currently under development. Continue reading →