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As U.S. auto sales have peaked, competition to finance car loans is set to intensify and drive increased credit risk for auto lenders. Analysts say that that the combination of plateauing auto sales, growing negative equity from consumers and lenders' willingness to offer flexible loan terms is a significant credit risk for lenders. Motor vehicle sales have boomed in the years since the Great Recession. U.S. sales of new cars and trucks hit a record annual high of 17.55 million units in 2016. It is expected that U.S. new vehicle sales will decline slightly to 17.4 million units ...
March U.S. new vehicle sales will be about 1.62 million units, that’s up about 1.9% from 1.59 million units a year earlier. The forecast was base on the first 16 selling days of the month. The seasonally adjusted annualized rate for the month will be 17.3 million vehicles, up from 16.8 million a year earlier. Retail sales to consumers, which do not include multiple fleet sales to rental agencies, businesses and government, were set to increase 1 percent in March. Highlighting "policy uncertainty" over whether Republican U.S. President Donald Trump will press ahead wi...
Orange County new vehicle sales mostly held steady in February, slipping a mere 0.3 percent in yet another sign the hot auto industry is at a plateau. Auto sales peaked in 2015 with a 8.7 percent gain overall compared with 2014, then leveled off in 2016 after six years of growth. Last year, local dealerships reported a sales decline of less than 1 percent, according to the Orange County Automobile Dealers Association, which tracks new vehicle registrations. In January, post-holiday auto sales in the county decreased 4.2 percent. The group expects 2017 auto sale numbers to be similar...
We have a new forecast for this month’s car sales and it includes a 3.3% drop to only 1.3 million units. Await for a decrease of 21% for the mid-size cars. Even with all the drops and decreases we can still say that the sales pace for the industry is healthy, and what’s more important it looks sustainable, as we head into high volume selling months ahead. Retail growth for manufacturers will be tough to achieve in February, as consumer demand remains relatively flat despite increased incentives. Regardless of the expected dip in overall volume, at a SAAR of more than 17 ...
We’ve got a new forecast for you, before the real car sales results get revealed at the beginning of March. Expect for the auto market to sell 1,331,787 new cars and trucks in the US this month. This will be a 17% increase from last month, but a 1% decrease from February 2016. Also it was estimated that approximately 3.4 million used vehicles will be sold in February, compared to 3 million last month. The long Presidents' Day holiday weekend undoubtedly contributed to the increase in sales from January. Typically, the holiday boosts sales volume by 20% compared to an avera...
