Costa Mesa, California — Automotive retail sales in the US are likely to be 1.01m units in September 2019. This is a 7.8% fall compared with September 2018, according to consultants JD Power and LMC Automotive.
US car sales likely to have dropped in September
Thomas King is senior vice president of data and analytics at JD Power. In his view, 'the large decline in sales this month is driven primarily by the timing of the Labor Day holiday. Unlike most years, sales from the Labor Day holiday weekend were included in August sales reporting instead of September.'
He said that a quarter of a million vehicles were sold in the US over the Labor Day weekend.
Jeff Schuster is Americas operations and global vehicle forecasts at LMC automotive. He said 'As the global sales outlook continues to weaken, light vehicle demand in the US remains robust. This is despite the headwinds and uncertainty caused by rising tensions with Iran, the UAW strike at GM and ongoing trade concerns.'
In 2019, LMC is forecasting total light vehicle sales in the US at just over 17m units, a slight 1.3% decline on 2018.
The consultants have adjusted their August sales forecast upwards by 6747 units. This leaves the headline figure for the month unchanged at 1.41m units.