Costa Mesa, California — Automotive retail sales in the US are likely to be 1.27m units in December 2019. This is a 2.8% fall compared with December 2018, according to consultants JD Power and LMC Automotive.
Thomas King, SVP of data and analytics at JD Power, said: 'December’s soft performance closes the year on a down note. Record levels of old model-year inventory persist.'
Jeff Schuster, who covers Americas operations and global vehicle forecasts at LMC, added: 'Despite a lot of noise and some uncertainty with light-vehicle sales, 2019 has turned out to be a strong year. Much of that uncertainty has dissipated with … progress with the China trade deal and an economy that is expected to be supportive. Prospects for 2020 are shaping up to be quite stable, though volume is expected to be a bit lower.'
LMC’s forecast for total new vehicle sales in 2019 is a shade under 17m units. This is a 1.4% decrease from 2018.
Looking at 2020, total light vehicle demand is forecast at 16.8m units, down 1.4% from 2019.