by Calculated Risk on 9/22/2017 02:56:00 PM
Friday, September 22, 2017
The automakers will report September vehicle sales on Tuesday, October 3rd.
Note: There were 26 selling days in September 2017, there were 25 in September 2016.
From WardsAuto: Forecast: SAAR Expected to Surpass 17 Million in September
A WardsAuto forecast calls for U.S. light-vehicle sales to reach a 17.5 million-unit seasonally adjusted annual rate in September, following August’s 16.0 million SAAR and ending a 6-month streak of sub-17 million figures. In same-month 2016, the SAAR reached 17.6 million.Sales have been below 17 million SAAR for six consecutive months.
Preliminary assumptions pointed to October, rather than September, as the turning point for the market, as consumers replace vehicles lost due to natural disasters and automakers push sales to clear out excess model-year ’17 stock. However, the winds have already begun to turn, and September sales will be significantly higher than originally expected.
Posted by Calculated Risk on 9/22/2017 02:56:00 PM