Free songs

Edmunds

Specialists Expect US Vehicle Sales to Rebound in October

Automakers will release October vehicle sales next Friday (November 1st) and currently, analysts estimate sales (Seasonally Adjusted at Annualized Rate) to rebound from September.

 

Here are some forecasts from specialists:

 

1/ Edmunds: October Auto Sales Keep Pace Despite Threat from Government Shutdown, Says Edmunds.com

 

Edmunds.com, the premier resource for car shopping and automotive information, forecasts that 1,229,860 new cars and trucks will be sold in the U.S. in October for an estimated Seasonally Adjusted Annual Rate (SAAR) of 15.5 million. The projected sales will be an 8.2 percent increase from September 2013, and a 12.7 percent increase from October 2012.
 
“It looks like the government shutdown ended just in the nick of time,” says Edmunds.com Senior Analyst Jessica Caldwell. “The week-by-week data suggests that consumers started to get jittery by the middle of the month. But with the government back to work, most lost sales should be made up in the latter half of the month, and the industry’s momentum will continue the pace it enjoyed before the disruption in Washington.”

 

2/ JD Power-LMC Automotive: Government Shutdown Curbs New-Vehicle Sales on East Coastg
 

Although the 16-day partial U.S. government shutdown curtailed new-vehicle sales in the first half of October, demand picked up during the third week, according to a monthly auto sales forecast update from J.D. Power and partner LMC Automotive. Total new-vehicle sales in October 2013 are expected to increase 8% from October 2012, when selling-day adjusted.
 
October sales are projected to reach nearly 1.22 million units, up from 1.09 million unit sales in the same month of 2012. That’s equal to a 15.4 million-unit seasonally adjusted annual selling rate, or SAAR, which is much stronger than last October’s 14.2 million-unit pace. It’s also slightly ahead of the selling pace in September 2013.

 

3/ Wards: October Sales Forecast Reflects Modest Impact from Government Shutdown
 

U.S. automakers should sell 1.22 million light vehicles in October, according to a new WardsAuto forecast. The effect of a federal government shutdown in the middle of the month likely was offset to a large degree by increased fleet sales, resulting in projected daily deliveries of 45,137 units over 27 selling days. That would be a 7.9% improvement on year-ago (26 days) but an 8.4% decline from September (23 days).

 

4/ Kelley Blue Book: October New-Car Sales Expected To Jump 12 Percent, According To Kelley Blue Book
 

In October, new light-vehicle sales, including fleet, are expected to hit 1,220,000 units, up 11.7 percent from October 2012 and up 7.4 percent from September 2013.
 
The seasonally adjusted annual rate (SAAR) for October 2013 is estimated to be 15.4 million, up from 14.3 million in October 2012 and up from 15.2 million in September 2013.
 
“The government shutdown didn’t impact consumers growing appetite for buying new vehicles,” said Alec Gutierrez, senior analyst for Kelley Blue Book. “The expectations were that car buyers would wait on the sidelines, but because of pent-up demand and credit availability, car sales are expected to increase 7 percent from last month.”

 
My view
 
According to the specialists, new auto sales could rebound in September. It looks the government shutdown impacted sales early in the month particularly on the east coast but sales have recovered at the end of the month.

Specialists Expect US Vehicle Sales to Fall Significantly in September

Automakers will release September vehicle sales next Tuesday (October 1st) and currently, analysts estimate sales (Seasonally Adjusted at Annualized Rate) to fall significantly from August.

 

Here are some forecasts from specialists:

 

1/ Edmunds: Calendar Abnormality Will Snap 27-Month Winning Streak for Auto Industry in September, Says Edmunds.com

 

Edmunds.com predicts that 1,143,968 new cars and trucks will be sold in the U.S. in September for an estimated Seasonally Adjusted Annual Rate (SAAR) of 15.3 million. The projected sales will be a 23.8 percent decrease from August 2013, and a 3.7 percent decrease from September 2012.
 
“It looks like sales took a big hit in September, but the monthly SAAR is up year over year, and the industry is still selling more cars per day than it did last year,” says Edmunds.com Senior Analyst Jessica Caldwell. “Many of the fundamentals that have driven strong car sales over the last year are still in place, and we can expect them to contribute to a solid final quarter to close out 2013.”

 

2/ TrueCar: September 2013 New Car Sales Expected to Be Down 4.4 Percent According to TrueCar; September 2013 SAAR at 15.4M

 

For September 2013, new light vehicle sales in the U.S. (including fleet) is expected to be 1,131,333 units, down 4.4 percent from September 2012 and also down 24.5% percent from August 2013 (on an unadjusted basis – September 2013 had 23 sales days, compared to 25 in September 2012).
 
The September 2013 forecast translates into a Seasonally Adjusted Annualized Rate (“SAAR”) of 15.4 million new car sales, down about four percent from August 2013 and up about four percent over September 2012.
 
“Labor Day sales clearly pulled ahead from September volume and resulted in a lackluster month. The uncertainty in the financial markets also finally caught up with auto sales, causing some hesitation for big ticket item purchases,” said Jesse Toprak, senior analyst for TrueCar.com.

 

3/ JD Power-LMC Automotive: JD Power-LMC Automotive say brisk US auto sales pace slowing
 

JD Power and LMC Automotive said “the new vehicle sales pace in September has slowed from its sprint in recent months,” and sees the month’s annualized selling rate at 15.2 million vehicles.
 
August’s annualized sales rate was 16.1 million vehicles.

 

4/ Wards: Q3 Strong Despite Expected September Sales Drop
 

U.S. automakers should sell 1.14 million light vehicles in September, according to a new WardsAuto forecast. Pull-ahead sales from the Labor Day weekend, counted in the August sales report, are a large factor in the forecast, which calls for the monthly SAAR to fall to 15.3 million units just a month after breaking the 16 million-unit mark.

 

5/ Kelley Blue Book: September Auto Sales Expected To Dip 2 Percent, According To Kelley Blue Book
 

In September 2013, new light-vehicle sales, including fleet, are expected to hit 1,167,000 units, down 1.8 percent from September 2012 and down 22.2 percent from August 2013.
 
The seasonally adjusted annual rate (SAAR) for September 2013 is estimated to be 15.7 million, up from 14.7 million in September 2012 and down from 16.0 million in August 2013.
 
“September 2013 new-vehicle sales represent the first year-over-year drop since May 2011, due to slower retail sales, two fewer sales days in the month, and this year’s Labor Day sales included in August 2013 totals,” said Alec Gutierrez, senior analyst at Kelley Blue Book. “Despite the cool down this month, Kelley Blue Book forecasts sales will remain on track to exceed 15.6 million units in 2013 because of strong product introductions from automakers.”

 
My view
 
According to the specialists, new auto sales could fall significantly (5% in the worst case) in September. It means that personal consumption expenditures should be under pressure and its contribution to GDP would be less than expected in Q3. As a consequence, the Federal Reserve will not be obliged to start “tapering” at the end of October.

Analysts Expect August Vehicle Sales to Reach Almost the Same Level as in July

Automakers will release August vehicle sales next Wednesday (September 4th) and currently, analysts estimate August sales to reach almost the same level as in July (15.73 million seasonally adjusted and annualized).

 

Here are some forecasts from specialists:

 

1/ Edmunds: Retail Market Keeps Auto Industry at Full Speed in August, Forecasts Edmunds.com

 

Edmunds.com, the premier resource for car shopping and automotive information, forecasts that 1,455,911 new cars and trucks will be sold in the U.S. in August for an estimated Seasonally Adjusted Annual Rate (SAAR) of 15.6 million. The projected sales will be a 10.9 percent increase from July 2013, and a 13.3 percent increase from August 2012.
 
“Car buyers are continuing their steady march into car dealerships and they’ll keep marching right through Labor Day weekend with attractive deals and promotions luring them in,” says Edmunds.com Senior Analyst Michelle Krebs. “While retail sales are strong in August, automakers are further reducing their dependence on fleet sales. This month’s fleet percentage of total sales looks to be the lowest since at least 2007, and the result will be stronger resale values for customers buying new cars and healthier bottom lines for automakers.”

 

2/ TrueCar: August 2013 New Car Sales Expected to Be Up 14.4 Percent According to TrueCar; August 2013 SAAR at 15.75M, Highest August SAAR since 2007

 

For August 2013, new light vehicle sales in the U.S. (including fleet) is expected to be 1,464,214 units, up 14.4 percent from August 2012 and up 11.8% percent from July 2013 (on an unadjusted basis).
 
The August 2013 forecast translates into a Seasonally Adjusted Annualized Rate (“SAAR”) of 15.75 million new car sales, down less than one percent from July 2013 and up nine percent over August 2012.
 
“New vehicle sales defied their typical strong correlation with Wall Street in August and continued to post a healthy increase despite the lackluster performance in financial markets,” said Jesse Toprak, senior analyst for TrueCar.com. “Small SUVs became the fastest growing segment this month, with this very functional and affordable vehicle category now making up 15.5% of all sales, up from 13.5% from a year ago.”

 

3/ JD Power: J.D. Power and LMC Automotive Report: August New-Vehicle Sales Reach Highest Level in Seven Years
 

With consistency in the fleet environment, total light-vehicle sales in August 2013 are also expected to increase by 12 percent from August 2012 to 1,495,400. Fleet sales are expected to account for 15 percent of total sales, with volume of 225,000 units.
 
PIN and LMC data show total sales reaching a 16 million unit SAAR in August, which is the highest since November 2007, with actual unit sales the highest since May 2007.
 
New-vehicle sales continue the hot streak that has been trending throughout the summer selling season, with no evidence of the pace slowing, according to a monthly sales forecast developed jointly by the Power Information Network(R) (PIN) from J.D. Power and LMC Automotive.
 
“The industry as a whole continues to experience a robust improvement in demand, and our forecast for August is looking to be the best month for retail sales that we’ve seen in the past seven years,” said John Humphrey, senior vice president of the global automotive practice at J.D. Power. “Moreover, this strong selling environment is occurring when consumers are spending more on new vehicles than any month on record, which is a further indication of the underlying strength of the sector.”

 

4/ Wards: Daily Sales Stay Steady in August Sales Forecast
 

The U.S. light-vehicle daily sales rate in August should remain nearly flat with July’s DSR, but with three extra selling days monthly sales should rise to nearly 1.47 million units, a new WardsAuto forecast predicts
 
The resulting 15.7 million seasonally adjusted annual rate would match the July SAAR but fall short of June’s 67-month high of 15.8 million units.
 
Market conditions are relatively unchanged from July, with robust consumer demand capped by tight inventories and overall sales dampened somewhat by below-trend fleet orders.
 

 

5/ Kelley Blue Book: Crossovers, Pickup Trucks Lift August Sales Nearly 14 Percent, According To Kelley Blue Book
 

New-vehicle sales are expected improve 13.6 percent in August 2013 to a total of 1.46 million units, according to Kelley Blue Book www.kbb.com, the leading provider of new and used car information.
 
The seasonally adjusted annual rate (SAAR) for August 2013 is estimated to be 15.6 million, up from 14.5 million in August 2012 and down from 15.8 million in July 2013.
 
“Most automakers are seeing double-digit sales increases compared to last year as retail sales remain a bright spot, even with more new models entering the market,” said Alec Gutierrez, senior analyst at Kelley Blue Book. “Subaru continues to shine, estimated to be up 30 percent this month even with capacity constraints, and Honda once again has one of the strongest year-over-year growths. On the other hand, Ford could have been up double digits, but has been hampered with production issues from both the Escape and Fusion.”