JD Power-LMC cut 2014 U.S. auto sales forecast after cold weather

Newswire

March 20 (Reuters) - Industry consultants LMC Automotive and J.D. Power said on Thursday they have cut their joint 2014 forecast for U.S. auto sales to adjust for slow sales in January and February due to cold weather. LMC-J.D. Power estimated that sales would be 16.1 million this year, down from their previous forecast of 16.2 million. For March, the consultancies forecast a sales increase of 2.2 percent to 1.19 million vehicles, which translates to ...

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