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Strong Toyota hybrid sales and new EVs entries are driving the growth.
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The COVID-19 pandemic is still plaguing the light vehicle market, but May’s sales pace is still expected to be a giant step forward on the path to recovery.
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A 17.1 million total would match 2019’s total and mark the sixth year in a row that new-vehicle sales would top 17 million.
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Trucks have shown the most strength of any segment with full-size trucks up 3%, while Kelley Blue Book shows midsize pickups rose 6%, aided by new and redesigned models.
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Edmunds is forecasting 1,392,434 new vehicles sales through September, representing a 5.4% decline from March and an 8.3% decline from the same time last year.
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Depreciation, new vehicle prices, and residual value all affect businesses with mobile workforces – here’s what to expect.
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The fuel economy of new cars and trucks in the U.S. for model-year 2016 was 24.7 miles per gallon, 0.1 mpg higher than MY-2015, which is a record high.
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The average fuel economy of new vehicles sold in the U.S. in December fell to 25 mpg — down 0.2 mpg from a revised November value, according to Brandon Schoettle and Michael Sivak, researchers from the University of Michigan's Transportation Research Institute (UMTRI).
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New-vehicle sales through the first six months of 2017 are expected to be down 2.3%, and high quality off-lease vehicles may be part of the reason why, according to Kelley Blue Book.
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New light-vehicle sales, including fleet, will increase by approximately 8% year-over-year, to reach a total of 1.66 million units in March. Additionally, the SUV and crossover segment experienced an estimated 23.1% growth for 2016, according to Kelley Blue Book.
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