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J.D. Power predicts boost in August auto sales
J.D. Power predicts boost in August auto sales
Posted Friday, Aug 21, 2009, 11:03 am in Employee News
A leading automotive research company is predicting that U.S. monthly auto sales will rise above the 1 million mark for the first time this year in August, due mainly to the government’s cash-for-clunkers program, the Associated Press reported.
J.D. Power and Associates said it based the prediction of 1.1 million sales on data gathered from 10,000 dealers nationwide during the first 13 selling days in August, the news service said. The company also boosted its sales forecast for the full year to 10.3 million vehicles, up from the 10 million that it predicted in April, mostly because of the impact of the clunkers incentives, the AP said.
Also, retail sales to individuals will be slightly more than 1 million, up nearly 2 percent from August of last year and the first increase in retail sales since June of 2007, J.D. Power said in the story. Retail sales exclude purchases by fleet buyers such as rental car companies, the story said. (Associated Press/Detroit Free Press)
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Rick
Nitro Year: 2007 (1 of 113,000 sold)
Nitro Model: R/T 4X4 Stone White
CAT-BACK Exhaust, CAI, Projector Head Lamps
Fully-Equipped w/all factory options
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