Archive for the ‘J.D. Power’ Category

The good news  for the auto industry -- or at least, the less terrible news -- keeps on coming: according to projections from J.D. Power & Associates, new vehicle sales for October 2009 are expected to ring in just 6% below the same period in 2008. That's the best year-over-year improvement for U.S. auto sales in 17 months (apart from the 13% increase of August 2009, which was an aberration due to Cash-for-Clunkers). Much of the lift seems to have come from pickup trucks, which now make up about 14% of the overall vehicle market. It's probably too early to start doing the Charleston on cafe tables just yet, but we're going to dust off...

Add one more bright-sider to the list of analysts declaring that the economy is in turnaround mode: automotive heavyweight J.D. Power & Associates estimates that auto sales in the U.S. may reach the 11.5 million mark in calendar year 2010 -- a 15% jump above the 10 million-unit estimate for 2009. The company's senior vice president, Gary Dilts, credits improvements in the credit market, financial market, and consumer confidence for the boost.

In fact, Dilts suggests that J.D. Power may even consider raising its estimate for the current calendar year, based on the sizable success of the Cash-for-Clunkers program. Most analysts believe...

Vaguely good news from J.D. Power and Associates this morning: car sales are slightly less abysmal! To be sure, retail sales are down from 2008, and July 2009 retail sales are on-track to clock in 4% below June. However, fleet sales are up, so everything balances out, and the seasonally adjusted annualized rate remains at a low-but-manageable 10 million units. At least that's what we think J.D. is saying. You know, math is hard. [PRNewswire]