Car Sales Ease into 'Cruise Control' in September, Forecasts Edmunds.com
SANTA MONICA, Calif. — September 27, 2012 — Edmunds.com, the premier resource for automotive information, forecasts that 1,145,344 new cars and trucks will be sold in the U.S. in September for an estimated Seasonally Adjusted Annual Rate (SAAR) this month of 14.4 million light vehicles. The results will keep the industry on track for Edmunds.com's current forecast of 14.4 million new cars and trucks sold this year and sales of 15 million new cars and trucks in 2013.
"There's a feeling among dealers and automakers that car sales are easing into cruise control, and that's a good feeling for an industry that's felt more than its share of bumps in the last few years," says Edmunds.com Senior Analyst Jessica Caldwell. "This month's results offer more evidence that car buyers are finding the right signs to jump back into the market."
|Sales Volume||Sept-12 Forecast||Sept-11||August-12||Change from Sept 2011*||Change from August 2012*|
Edmunds.com estimates that September's projected sales will be a 10.8 percent decrease from August 2012, but an 8.8 percent increase from September 2011. Retail SAAR will come in at 11.9 million vehicles in September, with fleet transactions accounting for 17.0 percent of total sales. An estimated 3.13 million used cars will be sold in September, for a SAAR of 36.9 million (compared to 3.14 million — or a SAAR of 37.6 million — used car sales in August).
Chrysler is expected to enjoy the biggest jump in U.S. market share in September among the major manufacturers. The Detroit automaker's share is projected to climb 0.5 percentage points, month over month, for a share of 12.1 percent, which would be its highest share for any month since September of last year.
|Market Share||Sept-12 Forecast||Sept-11||August-12||Change from Sept 2011 (Percentage pts.)||Change from Aug 2012 (Percentage pts.)|
Toyota, meanwhile, will take the biggest hit to its market share this month, falling 0.7 percentage points to 14.0 percent of U.S. sales.
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