February 2014 Monthly Automotive Sales Forecast
J.D. Power and LMC Automotive Report:
Severe Weather Disrupts Auto Sales in Early February; However, Recovery Is Expected
Average New-Vehicle Retail Transaction Prices and Industry Revenue Are on Target to Set February Records
Source: Power Information Network(R) (PIN) from J.D. Power
February's new-vehicle retail sales, the most accurate measure of true underlying consumer demand for new vehicles, are forecasted to reach 972,400--a 5 percent increase from February 2013--with the seasonally adjusted annualized rate (SAAR) for retail sales projected to reach 12.7 million.
Total light-vehicle sales in February 2014 are projected to reach 1.2 million units, a 3 percent increase from February 2013. Fleet sales are less than 21 percent of total new-vehicle sales, below the February average of more than 22 percent from the previous two years. Fleet sales for the full year are forecasted to account for 17.8 percent of total sales, slightly higher than 2013.
|New-Vehicle Retail Sales|
972,400(5% higher than February 2013)
|825,610 units||928,130 units|
|Total Vehicle Sales|
1,226,000 units(3% higher than
|1,010,713 units||1,191,934 units|
|Retail SAAR||12.7 million units||12.8 million units||12.2 million units|
|Total SAAR||15.7 million units||15.2 million units||15.3 million units|
About J.D. Power
J.D. Power is a global marketing information services company providing performance improvement, social media and customer satisfaction insights and solutions. The company's quality and satisfaction measurements are based on responses from millions of consumers annually. Headquartered in Westlake Village, Calif., J.D. Power has offices in North/South America, Europe and Asia Pacific. For more information on car reviews and ratings, car insurance, health insurance, cell phone ratings, and more, please visit JDPower.com. J.D. Power is a business unit of McGraw Hill Financial.
About McGraw Hill Financial
McGraw Hill Financial (NYSE: MHFI) is a leading financial intelligence company providing the global capital and commodity markets with independent benchmarks, credit ratings, portfolio and enterprise risk solutions, and analytics. The Company's iconic brands include: Standard & Poor's Ratings Services, S&P Capital IQ, S&P Dow Jones Indices, Platts, CRISIL, J.D. Power, and McGraw Hill Construction. The Company has approximately 17,000 employees in 27 countries. Additional information is available at www.mhfi.com.
About LMC Automotive
LMC Automotive, formerly J.D. Power Automotive Forecasting, is the premier supplier of automotive forecasts and intelligence to an extensive client base of automotive manufacturer, component supplier, logistics and distribution companies, as well as financial and government institutions around the world. LMC's global forecasting services encompass automotive sales, production and powertrain expertise, as well as advisory capability. LMC Automotive has offices in the United States, the UK, Germany, China and Thailand and is part of the Oxford, UK-based LMC group, the global leader in economic and business consultancy for the agribusiness sector. For more information please visit www.lmc-auto.com.
Media Relations Contacts
John Tews; J.D. Power; Troy, Mich.; 248-680-6218; firstname.lastname@example.org
Emmie Littlejohn; LMC Automotive; Troy, Mich.; 248-817-2100; email@example.com
No advertising or other promotional use can be made of the information in this release without the express prior written consent of J.D. Power or LMC Automotive. www.jdpower.com/corporate www.lmc-auto.com
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