Tag Archives: Patrick Manzi

US August Light Vehicle Sales Continue Shrinking Trend

 “The month of August is historically a peak selling month as manufacturers launch promotional events to clear inventories of outgoing model-year vehicles and begin sales of the new model year. This year, however, the industry has insufficient inventory at dealerships to meet strong consumer demand. The consequence is that the retail sales pace is depressed, but transaction prices are elevated,” said Thomas King, president of the data and analytics division at J.D. Power. Continue reading

Posted in economy, sales | Tagged , , , | Leave a comment

2021 Q2 US Sales – Light-Trucks, Crossovers, SUVs Rule

Real GDP in Q2 of 2021 is expected to grow by 8.6% on an annualized basis. The U.S. economy is predicted to return to its pre-COVID Trump Administration disaster level of ~ $19.2 trillion by the time final data is collected. For all of 2021, real GDP is expected to increase by around 7%. Initial jobless claims continue to fall each week and are headed toward pre-pandemic levels. About 14.7 million Americans continue to receive at least some type of unemployment benefits, down 54% compared to the same period in 2020 when Trump ruled. Continue reading

Posted in economy, news analysis, sales | Tagged , , , , , , | Leave a comment

NADA 2019 Light Vehicle Sales Projected at 16.8 Million

Based on a strong November, new-vehicle sales are expected to reach 17 million units in 2018, which would mark the fourth straight year of U.S. auto sales above 17 million units. (see AutoInformed: Auto Loans – Payments Higher, Subprime Lending Lower. The Federal Reserve Board is likely to raise rates in December 2018. More rate increases are likely during the early half of 2019 and then rates are expected to hold.) Continue reading

Posted in economy, marketing, news analysis, results, sales | Tagged , , , , , , , , , , , , | Leave a comment