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Tag Archives: saar
Record September for US New-Vehicle Spending at $45,622
While there is a great deal of fretting about the Federal Reserve’s monetary tightening, during September, new-vehicle prices remain at the highest levels, with the average transaction price expected to reach $45,622 – a record for September. This is a 6.3% increase from a year ago and the fourth highest of any month on record. The increase in sales volume, coupled with the near record level transaction prices, is resulting in consumers being on track to spend nearly $43.7 billion on new vehicles this month, the highest level ever for the month of September and a 12% increase from September 2021. Continue reading
Posted in economy, sales
Tagged auto industry commentary, autoinformed.com, j.d power, Jeff Schuster, Ken Zino, lmc automotive, saar, Thomas King
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US Vehicle Sales Weakest Since 2011 – Drop 12% in February
The annualized selling rate, aka SAAR, of 14.0 million units declined in both the monthly and annual comparisons. However, the February SAAR was still 1 million higher than the average rate during the second half of 2021. With the same number of selling days as in January, February’s daily average grew by ~2,000 units/day, to 43,600 units/day – it has floated above the 40,000-unit threshold since November 2021 after President Biden was elected and a recovery from the economic reverses and job losses from the Trump Administration began. Continue reading
Posted in sales
Tagged auto industry commentary, autoinformed.com, Biden Recovery, February vehicles sales, Ken Zino, lmc automotive, saar
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US Vehicle Sales to Rise in October?
However, complete U.S. new-vehicle sales including all transactions for October are projected to reach 1,321,400 units, a -4.5% decrease from October 2019 when adjusted for selling days. The seasonally adjusted annualized rate, aka SAAR, for total new vehicle sales is expected to be 15.9 million units, down 0.8 million units from 2019, the least year-over-year decline since the pandemic began. This is the annual output of two to four final assembly plants, without considering the component parts plants from internal or external sources. Continue reading
NADA 2019 Light Vehicle Sales Projected at 16.8 Million
Based on a strong November, new-vehicle sales are expected to reach 17 million units in 2018, which would mark the fourth straight year of U.S. auto sales above 17 million units. (see AutoInformed: Auto Loans – Payments Higher, Subprime Lending Lower. The Federal Reserve Board is likely to raise rates in December 2018. More rate increases are likely during the early half of 2019 and then rates are expected to hold.) Continue reading
Posted in economy, marketing, news analysis, results, sales
Tagged auto industry commentary, autoinformed, autoinformed.com, automotive blog, connected vehicles, Ken Zino, nada, NADA Chairman Wes Lutz, national automobile dealers association, new vehicle reviews, new-car dealers, Patrick Manzi, saar
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U.S. Vehicle Sales Forecast Flat for May 2018
As a trend noted by AutoInformed for a long time, car sales are expected to decline yet again. May will see double-digit declines. Truck and SUV/CUVs share growth will continue. Continue reading
US June Auto Sales Strong Despite Recall Mania
Led by the Detroit Three, June auto sales bode well for the second half of 2014 even as recalls pervade the industry. Detroit Three brands finished June with a 46.2% market share with sales of 656,965 vehicles because of strong SUV and pickup truck sales – hurting Asian brands, whose share dropped almost 2 percentage points at 632,027 vehicles, compared to 743,937 vehicles last month. For the GM watchers, sales of 268,000 resulted in a share of 18.8%, meaning the ignition switch tragedy and fiasco has not hurt its brands thus far.
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Posted in results, sales
Tagged autoinformed, autoinformed.com, Ken Zino, saar, top ten
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Global Light Vehicle Sales up 14% in July 2013
While global light vehicle sales slowed during July, the selling rate is still ahead of year-ago levels with a Seasonally Adjusted Annualized Rate or SAAR at 82.2 million. In the U.S. during July, sales were once again strong, with a SAAR of nearly 15.8 million, an increase of 14% versus July 2012. Continue reading
Posted in sales
Tagged autoinformed, autoinformed.com, global saar, global vehicle sales, Ken Zino, lmc, saar
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U.S. September Vehicle Sales Projected Up. SAAR at 14.5 Million
September new-vehicle retail sales are projected to come in at 952,200 units, which represent a seasonally adjusted annualized rate (SAAR) of 11.8 million units. The forecast in September is more than 1 million units higher than September 2011. Total light-vehicle sales in September are expected to increase 11% from September 2011, with volume at 1,152,700 units for a SAAR of 14.5 million. Continue reading
Posted in auto news, marketing, results, sales
Tagged auto informed, autoinformed.com, automotive news, j.d power, Ken Zino, lmc automotive, saar, september sales, u.s. light vehicle sales
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U.S. September Sales Up from ‘10. SAAR Weak at 12.9 Million
This is the first time the retail selling rate would be above 10 million units since the 10.8 million-unit rate in April, if the J.D. Power and Associates projection holds up. Nonetheless, sales are far, far below the 16-17 million unit SAARs of last decade as a jobless recovery continues with record levels of long-term unemployment. Continue reading
Posted in auto news, economy, news analysis, results, sales
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, green cars, j.d power, jobless recovery, Ken Zino, results, saar, september sales results, u.s. sales, zino
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July Vehicle Sales Stall in U.S. SAAR Projected less than 10 M
The sale of new vehicles in the U.S. will be about 11.8 million units in July. This is the third straight month below the 12 million mark as the U.S. economy remains close to reentering a recession. Continue reading
Posted in auto news, economy, marketing, sales
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, j.d power, july auto sales, Ken Zino, saar, sales results, u.s. auto sales, zino
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April U.S. New Vehicle Retail Sales Strong But Inventories Drop
However, the pace isn’t expected to be sustainable as inventory dries up, especially among small cars, and becomes a more widespread problem toward the end of April and into May Continue reading
Merry Christmas as U.S. December Auto Sales Trend Upward!
It could be a wild sleigh ride later this month, but preliminary data show that the U.S. December new-vehicle retail sales trend is significantly higher than two-handed economists predicted, setting the stage for a 2011 comeback for the U.S. auto industry.
December new-vehicle retail sales are expected to come in at 936,300 units, which means seasonally adjusted annualized rate (SAAR) of 10.8 million units, the highest of the year. December retail sales are expected to be up 19 % from one year ago. Continue reading
Posted in auto news, economy, results, sales
Tagged auto informed, auto sales, autoinformed, autoinformed.com, December auto sales, j.d power, Ken Zino, results, saar, sales, sales trends, u.s. auto sales, zino
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Consumer Spending Spree – October US Auto Sales
Total US new-vehicle sales during October 2023 are forecast to reach 1,201,800, a 6.6% increase from October 2022, according to numbers just released by J.D. Power and GlobalData.* The seasonally adjusted annualized rate (SAAR) for total new-vehicle sales is expected to be 15.5 million units, up 0.9 million units from October 2022. Retail buyers are on pace to spend $43.7 billion on new vehicles, up $0.3 billion from October 2022. Continue reading →