February Sees Typical Slow Sales Featured

By Staff Writer February 28, 2019 616

New-vehicle sales pace in February is expected to rise to 17.1 million units, an increase from January’s  6.6 million level, Cox Automotive reports.

The pace should also rise modestly over last February’s 16.9 million, which was
the slowest in the first half of 2018.

Sales volume of 1.31 million units forecast for February is expected to up 0.7 percent over last year, as some delayed purchases from the prior month lift the market.

The record for February occurred in 2000 when vehicle sales reached 1.5 million for the month, and a SAAR of 18.9 million. Volume over the last four years has averaged only 1.3 million.

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Last modified on Friday, 01 March 2019 16:11