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J.D. Power Says 2012 Auto Sales Forecast Approaching 14 Million Vehicles

Jun 29, 2012

According to J.D. Power, U.S. auto sales will rise 16 percent in June compared with a year ago, and the annual sales pace will rise slightly to approximately 13.9 million. Vehicle sales in June will reach nearly 1.3 million, with fleet sales accounting for 21 percent of that total. At 13.9 million, June’s annualized sales rate would top the 13.7 million sales rate in May. Still, it would be below the 14 million threshold that the U.S. auto industry surpassed during the first four months of the year. J.D. Power predicts total light vehicle sales this year will reach 14.5 million.