Monday, February 25, 2019

February Vehicle Sales Forecast: 16.6 Million SAAR

by Calculated Risk on 2/25/2019 02:21:00 PM

From JD Power: J.D. Power and LMC Automotive Forecast February 2019

"The year is off to its slowest start since 2014 with the industry set to post sales declines again in February. While retail sales through the first two months will be down more than 4%, it's important to note that January and February are among the lowest volume sales months of the year." (Last year the two months combined to account for only 13.5% of the annual total.)

Looking ahead to the coming months, the industry should expect to receive a slight boost with the recovery of any lost sales due to inclement weather. [Forecast: total sales 16.6 million SAAR]
This forecast is for sales to be about the same level as in January, and down from 16.9 million SAAR in February 2018.