Tagged: August

J.D. Power and LMC Automotive U.S. Automotive Forecast for August 2021

TROY, Mich.–(BUSINESS WIRE)–The Retail Sales Forecast

New-vehicle retail sales for the month of August are expected to decline from August 2020 and decline from August 2019, according to a joint forecast from J.D. Power and LMC Automotive. Retail sales of new vehicles this month are expected to reach 987,100 units, a 14.3% decrease compared with August 2020, and a 21.6% decrease compared with August 2019 when adjusted for selling days. August 2021 has one fewer selling day than August 2020 and three fewer selling days than August 2019. Comparing the same sales volume without adjusting for the

Read more

Foley Weekly Automotive Report – August 2021 – 3 | Foley & Lardner LLP

Foley Weekly Automotive Report

This report helps automotive suppliers inform their legal and operational decisions to help address challenges and opportunities. 

Key Developments

  • New vehicle prices increased 6.4% in the last 12 months, representing “the largest 12-month increase since the period ending January 1982,” according to the latest Consumer Price Index.
  • New-vehicle inventory fell to 1.2 million units, representing a 31 days’ supply industrywide in July, according to estimates from Cox Automotive.
  • Nissan confirmed a two-week production shutdown beginning August 16 for its Smyrna, Tennessee, plant resulting from a COVID-19 outbreak at a semiconductor plant in Malaysia.
  • Faurecia will acquire
Read more