| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
Auto Industry Resorts to Biggest Incentives Ever Just to Slow the Decline in Sales
wolfstreet.com / by Wolf Richter • Mar 26, 2017
Last time automakers tried this was in 2009!
In a few days, automakers are going to report their new vehicle deliveries for March. TrueCar, Kelley Blue Book, and LMC Automotive are predicting total vehicle sales slightly above the flat-line compared to March a year ago, though sales were down year-over-year in both January and February.
TrueCar forecasts an increase of 0.2% year-over-year to 1.586 million new cars and light trucks, with retail deliveries (excluding fleet sales) growing 1% to 1.276 million units. J.D. Power and LMC Automotive said on Friday that they expect an increase of 1.9%, to 1.62 million units, with retails sales up 1%, boosted by record incentives.
If sales nevertheless fall, everyone will blame the winter storm that arrived in the winter – “unexpectedly” or something. And it is possible that sales might fall. There was no winter storm in February, which was one of the warmest Februaries on record. Yet, sales in February fell 1.1% year-over year. They edged down in January too. And sales in both months combined fell 1.4% from the same period a year ago.
The post Auto Industry Resorts to Biggest Incentives Ever Just to Slow the Decline in Sales appeared first on Silver For The People.
Source: http://silveristhenew.com/2017/03/26/auto-industry-resorts-to-biggest-incentives-ever-just-to-slow-the-decline-in-sales/
