January New-Vehicle Retail Sales Show Continued Strength from Robust 2011 Close
Posted by: Auto Buff / Category: Motoring News
J.D. Power and LMC Automotive Report: January New-Vehicle Retail Sales Show Continued Strength from Robust 2011 Close
WESTLAKE VILLAGE, Calif.: (MMD Newswire) January 25, 2012 — New-vehicle retail sales performance in January is abating fears of any reversal from the strong close to 2011, according to a monthly sales forecast developed by J.D. Power and Associates Power Information Network® (PIN) and LMC Automotive.
Retail Light-Vehicle Sales
January new-vehicle retail sales are projected to come in at 681,000 units, an increase of 6 percent from January 2011. This represents a seasonally adjusted annualized rate (SAAR) of 10.9 million units, which is lower than the selling rate in December 2011 but well above January 2011. Retail transactions are the most accurate measurement of true underlying consumer demand for new vehicles.
“Retail light-vehicle sales in January are showing stability coming off the 2011 high note in December,” said John Humphrey, senior vice president of global automotive operations at J.D. Power and Associates. “Vehicles are currently remaining on dealer lots for fewer than 50 days on average, which is the lowest level for January for the past several years. This is a good indication that pent-up demand is beginning to return to the market.”
Total Light-Vehicle Sales
Total light-vehicle sales in January are expected to come in at 869,600 units, which is 6 percent higher than in January 2011. Fleet sales are expected to increase by 9 percent compared with January 2011, accounting for 22 percent of total sales.
J.D. Power and LMC Automotive U.S. Sales and SAAR Comparisons
January 2012(1) December 2011 January 2011
New-vehicle retail 681,000 units 1,040,035 units 644,695 units
sales (6% higher than January 2011)
Total vehicle sales 869,600 units 1,240,263 units 817,621 units
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- Toyota reports higher January sales
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Tags: car, motorin auto
Tags: car, motorin auto
