September Auto Sales Expected to Hit New 2017 High, Edmunds Forecasts

0
1

Edmunds analysts say this slight year-over-year increase is due in part to automakers pumping up the deals over the Labor Day holiday; typically, auto sales over Labor Day weekend are 33 percent higher than the average first weekend of a month.

Labor Day weekend got September auto sales off to a strong start,” said Jessica Caldwell, Edmunds executive director of industry analysis. “Automakers are finally starting to dial up the incentives to clear excess inventory, which we anticipate will continue through the rest of the year.”

September sales are also expected to get a slight lift from buyers who needed to replace vehicles that were destroyed in the recent hurricanes.

“We anticipate that the recovery from the recent hurricanes will give vehicle sales an incremental boost in September, and will likely continue to slightly lift the market in the months to come,” Caldwell said. “When you have hundreds of thousands of people affected by an event of this magnitude, not everyone will hit the market at once.”

SALES VOLUME FORECAST, BY MANUFACTURER

Sales Volume

September 2017 Forecast

September 2016

August 2017

Change from September 2016

Change from August 2017

GM

268,248

249,795

275,552

7.4%

-2.7%

Toyota

215,130

197,260

227,625

9.1%

-5.5%

Ford

212,976

203,444

209,029

4.7%

1.9%

Fiat Chrysler

171,782

192,883

176,033

-10.9%

-2.4%

Honda

135,567

133,655

146,015

1.4%

-7.2%

Nissan

114,821

127,797

108,326

-10.2%

6.0%

Hyundai/Kia

102,585

115,830

107,633

-11.4%

-4.7%

VW/Audi

46,963

41,729

51,826

12.5%

-9.4%

Industry

1,435,375

1,430,273

1,478,581

0.4%

-2.9%

*NOTE: September 2017 had 26 selling days, September 2016 had 25 and August 2017 had 27.

Edmunds estimates that retail SAAR will come in at 15.0 million vehicles in September 2017, with fleet transactions accounting for 14.0 percent of total sales. An estimated 3.19 million used vehicles will be sold in September 2017, for a SAAR of 38.8 million (compared to 3.33 million — or a SAAR of 39.0 million — in August).

MARKET SHARE FORECAST, BY MANUFACTURER

Market Share

September 2017 Forecast

September 2016

August 2017

Change from September 2016

Change from August 2017

GM

18.7%

17.5%

18.6%

1.2%

0.1%

Toyota

15.0%

13.8%

15.4%

1.2%

-0.4%

Ford

14.8%

14.2%

14.1%

0.6%

0.7%

Fiat Chrysler

12.0%

13.5%

11.9%

-1.5%

0.1%

Honda

9.4%

9.3%

9.9%

0.1%

-0.4%

Nissan

8.0%

8.9%

7.3%

-0.9%

0.7%

Hyundai/Kia

7.1%

8.1%

7.3%

-1.0%

-0.1%

VW/Audi

3.3%

2.9%

3.5%

0.4%

-0.2%

More insight into recent auto industry trends can be found in the Edmunds Industry Center at http://www.edmunds.com/industry-center/.

About Edmunds
Edmunds is the leading car information and shopping platform, helping millions of visitors each month find their perfect car. With products such as Edmunds Your Price, Your Lease and Used+, shoppers can buy smarter with instant, upfront prices for cars and trucks currently for sale at more than 13,000 dealer franchises across the U.S. Edmunds’ in-house team of unbiased car-shopping experts provide industry-leading vehicle reviews and shopping tips, as well as welcome all car-shopping questions to the free Shopper Advice line at 1-855-782-4711, via email at [email protected], via text at ED411 and on Twitter and Facebook. The company is regarded as one of America’s best workplaces by Fortune and Great Place to Work. Edmunds is based in Santa Monica, California, and has a satellite office in downtown Detroit, Michigan.

Contact:
Nicole Carriere
Edmunds.com Corporate Communications
www.Edmunds.com
Media Hotline: 310-309-4900
[email protected]

View original content with multimedia:http://www.prnewswire.com/news-releases/september-auto-sales-expected-to-hit-new-2017-high-edmunds-forecasts-300526773.html

SOURCE Edmunds.com

Related Links

http://www.edmunds.com

Powered by WPeMatico

SHARE
Previous articlePinewood Forrest to Deliver Cutting Edge Fiber Connectivity through Comcast Partnership
Next articleCatapult Ranked 8th Best Place to Work in Dallas-Fort Worth Area