Source: U.S. Retail SAAR-January 2014 to January 2015 (in millions of units) Source: Power Information Network (PIN) from J.D. Power
With January reporting strong new vehicle retail sales, 2015 is already shaping up to be another good year in the United States.
In a monthly sales report put out by J.D. Power and LMC Automotive, new vehicle retail sales in January, with one extra selling day compared to January 2014, are projected to reach 932,000 units, an 8.5 per cent increase on a selling-day adjusted basis compared with the previous year.
Total light-vehicle sales are expected to hit 1.1 million units, an eight per cent increase compared with January 2014.
“The sales momentum seen throughout 2014 is continuing into 2015 and, unlike last year, inclement weather has not slowed vehicle sales thus far,” said John Humphrey, senior vice-president, global automotive practice at J.D. Power, in a press release.
“With an additional weekend in January this year, the industry is on a trajectory to post the second-largest year-over-year retail sales growth in the past 17 months.”
Auto sales ended strongly in 2014, with total light-vehicle sales finishing at 16.5 million.
