Despite Record Incentives, US Auto Sales Down Slightly for Month

Dec. 28, 2017
The seasonally adjusted annualized rate for December is expected to come in at 14.6 million vehicles, down nearly 2.7 percent from one year prior.

Dec. 28, 2017—According to auto industry consultants J.D. Power and LMC Automotive, U.S. vehicle sales in December will slow for a third straight month, despite near industry-wide discounts.

Retail sales for the month of December project to drop 2.6 percent, to 1.3 million vehicles, when compared to one year earlier, the consultancies recently told Reuters.

The consultancies noted that incentive spending per unit reached an all-time high in December, as manufacturers have continued with aggressive discounting to clear out large inventories.

The seasonally adjusted annualized rate for December is expected to come in at 14.6 million vehicles, down nearly 2.7 percent from one year prior.

Sponsored Recommendations

Valvoline Partner Solutions

We arm you with products that build trust, tools that unlock productivity, and training that drives business performance, so you feel confident in where your...

Grow the business you know

Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube.

Solutions that drive results

Connect with Valvoline experts to increase operational efficiency and customer loyalty – from Valvoline-funded promotions to hands-on training, we’re here to...

Free Resources for Shops Like Yours

View insights, research and solutions curated specifically for shops like yours.