August Sales Top 2018 Featured

By Staff Writer September 02, 2019

 

New-vehicle retail sales in August are expected to rise from a year ago, according to a forecast developed jointly by J.D. Power and LMC Automotive. Retail sales are projected to reach 1,404,500 units, a 5.8 percent increase on a selling day adjusted basis compared with August 2018. However, the sales month for August included the Labor Day holiday and an additional weekend than the sales month for August 2018. Without the selling day adjustment, sales are projected to increase 9.8 percent.

 

Looking ahead, the unique sales calendar that is inflating August results will affect September sales. September 2019 has only 23 selling days, the lowest possible number of selling days in a month and only the fourth time this has occurred in the past decade.

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Last modified on Friday, 06 September 2019 16:33

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