Hello everyone, today Xiaobian has come to share the latest information with you. According to reports, there are relevant forecasts a few days ago, in February, the United States new car sales are expected to fall by 10% to 11% year-on-year, retail sales are expected to fall by 5.7% year-on-year to 922,100 units, let's take a look at it with Xiaobian.
It is understood that even if the car inventory is sufficient, February is usually one of the weak sales months in the United States. With a shortage of chips, insufficient stock of cars and little choice for consumers, some industry experts don't expect that to change anytime soon.
Seasonally adjusted annualized sales rates (SAAR) in February are expected to be between 14.1 million and 14.4 million units, down from 15.2 million units in January, industry sources said.
In addition, the average transaction price of the US automotive industry in February is expected to reach $44,460, an increase of 18.5% year-on-year, another record high.
However, despite the decline in car sales, the price increase means that new car sales in the United States will reach $41 billion in February, up 12.4% year-on-year and a record high in the same period of history.
With strong consumer demand and insufficient auto inventory, automakers will continue to cut incentives. Some professionals said that in February, the us incentive spending per vehicle is expected to be $1246, down $2143 from the same period last year. In February, U.S. incentives per vehicle are expected to account for 2.8 percent of the average pricing of new vehicles, down 5 percentage points year-on-year and a record low and below 3 percent for the second consecutive month.
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