(December 20, 2013) WESTLAKE VILLAGE, Calif. — While new-vehicle sales started slow in December, they are expected to finish strong at the end of the month, according to a monthly sales forecast developed jointly by J.D. Power and LMC Automotive.
U.S. consumers are expected to spend more than $34 billion on new vehicles in December, a historic high for the month. The record-breaking level of spending reflects record transaction prices combined with strong retail sales, the most accurate measure of true underlying consumer demand for new vehicles.