/ Industry, News / US: January sales slowed by strong winter

US: January sales slowed by strong winter

Linked In Share
US: January sales slowed by strong winter

Analysts concluded that snow and frightful temperatures throughout the American states likely hurt auto sales for the January month. Still, the analysts also say the rebound should not be hurt by the freeze.

Just like in December, when sales also fell short of expected results, the bad weather stormed large parts of the country and economists polled by Thomson Reuters expect the industry’s annual selling rate in January to finish at 15.65 million vehicles. As a comparison, the industry’s annual sales rate was 15.23 million vehicles in January 2013.

“It’s the winter blues really,” said Jeff Schuster, senior vice president of forecasting at research firm LMC Automotive. “The country has been hit by bad weather and in January we saw it at the beginning of the month and now we’re closing with weather issues.”

For LMC, the bad weather was illustrated clearly in its research note – they initially forecast a sales increase in January of 1.2 % and an annual sales rate of 15.9 million vehicles, but later cut that to a decline of almost 1 % and an annual rate of 15.5 million.

Still, on average, most of the analysts expect January sales on a percentage basis to finish close to flat compared with last year, with some seeing a slight increase and others a small decline.

Even though monthly automotive sales are seen as a good indicator of the overall US economy health, January has not been taken into consideration as much as other months by both industry officials and analysts because statistically the month has been bad in 19 of the last 20 years.

Via Reuters

by Aurel Niculescu (my Google+) - Monday, February 3rd, 2014 - filed under Industry, News. Image credit: .
Linked In Share
Related Articles
Forecast january sales us


Discuss: US: January sales slowed by strong winter

Leave a Reply















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

[VIDEO] BMW X5 xDrive40e gets extended video
[VIDEO] BMW X5 xDrive40e gets extended videoAn extended video with the recently unveiled BMW X5 xDrive40e has been released by the German based automaker. The BMW X5 ...
Exclusive – Audi not planning pickup truck
Exclusive – Audi not planning pickup truckAn Audi insider has recently confirmed with inautonews.com that the company has no plans of offering a pickup ...
[VIDEO] Baby McLaren makes video debut
[VIDEO] Baby McLaren makes video debutThe first video with the recently unveiled McLaren 570S has been uploaded onto the web and it is showing the model from a lot of ...
[VIDEO] Lamborghini Huracan vs. Porsche 918 Spyder drag race
[VIDEO] Lamborghini Huracan vs. Porsche 918 Spyder drag raceA Lamborghini Huracan has recently went up against a Porsche 918 Spyder in a drag race which is making us wonder whether the ...
Cadillac CT6 gets one last teaser
Cadillac CT6 gets one last teaserCadillac has released a final teaser image for the flagship sedan which will be officially presented to the public tomorrow, ...
[VIDEO] Ferrari LaFerrari vs. Bugatti Veyron drag race
[VIDEO] Ferrari LaFerrari vs. Bugatti Veyron drag raceA drag race between a Ferrari LaFerrari and an iconic Bugatti Veyron has been recently caught on camera and it is showing the two ...
Mercedes-Benz CLA Shooting Brake confirmed for Australia
Mercedes-Benz CLA Shooting Brake confirmed for AustraliaThe Mercedes-Benz CLA Shooting Brake will arrive in Australia this June and it will be 1,500 AUD more expensive than its ...
Fiat 500 Vintage ’57 – fresh photos dropped
Fiat 500 Vintage ’57 – fresh photos droppedFiat has dropped fresh images with the recently unveiled 500 Vintage ’57 which may end up as wallpapers on several devices ...
Ford system takes speeding prevention to new level
Ford system takes speeding prevention to new levelJust as people say you’re not a true college student if you didn’t flunk at least once, so drivers are not “experienced” ...
[VIDEO] Lamborghini Gallardo police car does donuts
[VIDEO] Lamborghini Gallardo police car does donutsA Lamborghini Gallardo police car has been recently spotted while doing donuts in an appealing video. We are not used to seeing ...
Recall roundup: BMW motorcycles
Recall roundup: BMW motorcyclesBMW has issued a recall for certain model year motorcycles because of the mounting flange on the rear wheel. BMW is in the ...
Lincoln to also introduce hip-hop favorite Navigator SUV to China
Lincoln to also introduce hip-hop favorite Navigator SUV to ChinaChinese customers, well known for hunting down pieces of celebrity glamour, will have the chance to buy a US vehicle that ...
US: Toyota introducing affordable auto braking safety packs
US: Toyota introducing affordable auto braking safety packsToyota Motor Sales USA Inc, the local division of Toyota Motor Corp, the largest automaker in the world, recently announced it ...
2015 Ford C-MAX and S-MAX get priced in the UK
2015 Ford C-MAX and S-MAX get priced in the UKThe facelifted C-MAX and Grand C-MAX and the new generation of the S-MAX are getting ready to be introduced in the United ...
Mid-engined Corvette gets rendered
Mid-engined Corvette gets renderedAnother rendering with the Chevrolet Corvette is showing us the high-performance American sports car in a mid-engine layout. The ...
Read more automotive news


2015 Geneva Motor Show Coverage

Fiat-500-Retro-1
mid-engined corvette 1
Honda-S660-Mugen-1
mazda mx-5 1
2016 GMC Terrain 1
McLaren-570S-01Coupe
2016 audi a4 1
Honda S660 Concept Edition 1
bmw m4 coupe crash mechanic netherlands 1
mclaren mp4-12c crash train florida 1
mclaren 675lt spotted spain 1
Audi R8 V10 Plus Vegas Yellow 1

More automotive from inautonews
An extended video with the recently unveiled BMW X5 xDrive40e has been released by the German based automaker. The BMW X5 xDrive40e is being highlighted once again these days, this time with the help of an extended clip which is explaining some of the features of the model. The plug-in hybrid ...
read more
Inautonews Editors Section
Test Drive – Mitsubishi ASX 2.2 Diesel AT Instyle 4WD
Test Drive – Mitsubishi ASX 2.2 Diesel AT Instyle 4WD The Mitsubishi ASX can be called just about anything except for “new” and this is the word we are looking for because the company seems to have ...
Test Drive – BMW 2-Series Active Tourer 218d
Test Drive – BMW 2-Series Active Tourer 218dIn an attempt to keep production costs low and to go ahead with its times, the 2-Series Active Tourer is the first vehicle made by BMW with a ...
Test Drive: BMW 225i Active Tourer
Test Drive: BMW 225i Active TourerOne word of advice from the very beginning – if you’re a BMW purist that believes the blue-white logo has nothing in common with front wheel ...

Editors Section
Inautonews Editors Section
2012 Safest Cars list 2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video]

Latest in Safety Recall roundup: BMW motorcyclesBMW has issued a recall for certain model year motorcycles because of the mounting flange on the ... US: Toyota introducing affordable auto braking safety packsToyota Motor Sales USA Inc, the local division of Toyota Motor Corp, the largest automaker in the ...
Safety Section