J.D. Power and Associates-LMC Automotive raised on Thursday their 2012 U.S. auto sales forecast to 14 million vehicles, up from 13.8 million vehicles, as the consultant firms said the lagging European economy is not holding back U.S. sales. Auto sales in 2011 were 12.8 million vehicles.
A rebound in leasing, more available credit and long-term financing as well as pent-up demand caused the rise in the forecast, the consultant firms said.
February auto sales are seen finishing at 1.06 million vehicles, up 3 percent from a year ago, for a seasonally adjusted annualized selling rate of 14 million vehicles.
TrueCar.com forecast New Car Sales february 2012
according on TrueCar.com, the authority on new car pricing, trends and forecasting, released its February 2012 sales and incentives forecast. The forecast shows the following:
- For February 2012, new light vehicle sales in the U.S. (including fleet) is expected to be 1,088,321 units, up 9.6 percent from February 2011 and up 19.2 percent from January 2012 (on an unadjusted basis)
- The February 2012 forecast translates into a Seasonally Adjusted Annualized Rate (SAAR) of 14.3 million new car sales, up from 13.3 million in February 2011 and up from 14.2 million in January 2012
- Retail sales are up 5.6 percent compared to February 2011 and up 13.4 percent from January 2012
- Fleet and rental sales are expected to make up 21.5 percent of total industry sales in February 2012
- The industry average incentive spending per unit will be approximately $2,468 in February 2012, which represents a decrease of 4.2 percent from February 2011 and up 0.6 percent from January 2012
- Used car sales* are estimated to be 2,099,298, up 16.5 percent from February 2011 and down 3.1 percent from January 2012. The ratio of new to used is estimated to be 1:2 for February 2012
Forecasts for the top eight manufacturers for February 2012:
| Unit Sales | |||
| Manufacturer | Feb 2012 Forecast | % Change vs. Jan2012 | % Change vs. Feb 2011 |
| Chrysler | 121,195 | 19.8% | 27.4% |
| Ford | 178,270 | 30.8% | 14.1% |
| GM | 194,435 | 15.8% | -6.1% |
| Honda | 102,668 | 23.7% | 4.7% |
| Hyundai/Kia | 89,505 | 14.4% | 17.2% |
| Nissan | 96,096 | 21.2% | 4.0% |
| Toyota | 149,466 | 20.0% | 5.4% |
| Volkswagen | 40,021 | 9.5% | 37.0% |
| Industry | 1,088,321 | 19.2% | 9.6% |
| Market Share | |||
| Manufacturer | Feb 2012 Forecast | forecast Jan 2012 | Feb 2011 |
| Chrysler | 11.1% | 11.1% | 9.6% |
| Ford | 16.4% | 14.9% | 15.7% |
| GM | 17.9% | 18.4% | 20.8% |
| Honda | 9.4% | 9.1% | 9.9% |
| Hyundai/Kia | 8.2% | 8.6% | 7.7% |
| Nissan | 8.8% | 8.7% | 9.3% |
| Toyota | 13.7% | 13.6% | 14.3% |
| Volkswagen | 3.7% | 4.0% | 2.9% |
| Incentive Spending | ||||
| Manufacturer | Feb 2012 Incentives | % Change vs. January 2012 | % Change vs. Feb 2011 | Total Spending |
| Chrysler | $3,251 | 2.9% | 6.5% | $394,041,689 |
| Ford | $2,935 | 1.7% | 15.5% | $523,163,600 |
| GM | $3,012 | -1.9% | -19.3% | $585,620,672 |
| Honda | $2,009 | -5.5% | 1.5% | $206,242,716 |
| Hyundai/Kia | $937 | 4.6% | -26.4% | $83,839,234 |
| Nissan | $2,831 | 2.4% | 4.6% | $272,006,826 |
| Toyota | $1,789 | 4.2% | -10.5% | $267,455,768 |
| Volkswagen | $2,173 | 0.1% | 6.3% | $86,952,629 |
| Industry | $2,468 | 0.6% | -4.2% | $2,685,940,745 |
About TrueCar, Inc.
TrueCar, Inc. is an automotive solutions provider focused on changing how cars are sold by providing a significantly better consumer experience while helping qualified dealer partners gain incremental market share and reduce costs. TrueCar is a visual publisher of new and used car transaction data. TrueCar price reports help both dealers and consumers to agree on the parameters of a fair deal by providing an accurate, comprehensive and simple understanding of what others actually paid recently for an identically-equipped vehicle both locally and nationally. TrueCar works with a national network of dealers that provide a no-hassle car buying experience. In addition, TrueCar assists some of the nation's largest and most well respected membership and service organizations to meet the auto buying needs of their members and customers. TrueCar is headquartered in Santa Monica, CA and has offices in San Francisco, CA and Austin, TX. Since 2006, TrueCar has connected hundreds of thousands of consumers with dealers nationwide resulting in dealers selling over 400,000 vehicles and is developing a suite of products and services centered on radical clarity through the comprehensive analysis of market data and information.
Kelley Blue Book expects auto sales numbers to increase in February
Kelley Blue Book, the Irvine-based firm that provides a comprehensive assortment of automobile information for consumers, expects auto sales to continue an upward trend of growth this month. By the end of February, new vehicle sales are estimated to exceed 1,050,000 units and total 13.8 million. This shakes out to a 6.4 percent increase over last February 2011, according to KBB’s Seasonally Adjusted Annualized Rate (SAAR).
The auto information company cited financial offers and consumers’ improved access to credit, as well as increased auto production in January, as reasons for the sales growth. The leap year will add an extra day in February, allowing dealers to sell more cars this month.
"From a pure volume perspective, in the months ahead sales will continue to exceed last year's figures, but this year there may be more volatility from month-to-month than in 2011," said Alec Gutierrez, senior market analyst of automotive insights for Kelley Blue Book. "Sales were remarkably flat from May through November 2011, due to the production woes faced by Toyota and Honda. Now that they are producing vehicles at full capacity, a return to traditional seasonal patterns is likely through 2012."
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source :
http://www.reuters.com/article/2012/02/23/autos-idUSL2E8DN3Q420120223
http://www.sacbee.com/2012/02/24/4287859/february-2012-new-car-sales-expected.html
http://www.ocmetro.com/t-Kelley-Blue-Book-KBB-projects-increased-February-sales-2-24-12.aspx
Automotive sales forecast 2012, Automotive sales 2012, new car sales feb 2012, automotive industry growth 2012-2013, new car sales february 2012, Chrysler car sales february 2012, Ford car sales feb 2012, GM car sales february 2012, Honda car sales february 2012, Hyundai/Kia car sales 2012, Nissan car sales forecast 2012, Toyota car sales predictions 2012, Volkswagen market shares february 2012, automotive market share forecast 2012-2013 For the latest updates PRESS CTR + D or visit Stock Market news Today
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