Updated: 03-Oct-17 16:09 ET
|Updated: 03-Oct-17 16:09 ET
- U.S. light vehicle sales were at a seasonally adjusted annual rate (SAAR) of 18.57 million units in September versus a SAAR of 16.14 million units for August. The September run rate was 4.8% above the SAAR of 17.72 million units for September 2016.
- Total domestic sales surged to 14.65 million SAAR from 12.68 million SAAR in August. On a seasonally adjusted basis, domestic auto sales decreased 13.5% in September to a SAAR of 4.95 million. The sales rate was 5.5% below the year-ago period.
- Domestic truck sales increased 16.5% to 9.69 million SAAR in September from 8.32 million SAAR in August. The sales rate was 9.6% above the year-ago period.
- General Motors sales were up 11.9% year-over-year.
- Ford sales were up 8.9% year-over-year.
- Fiat Chrysler sales were down 9.7% year-over-year.
- BMW of North America sales were down 0.4% year-over-year.
- Toyota sales were up 14.9% year-over-year.
- Honda Motor sales were up 6.8% year-over-year.
- Nissan North America sales were up 9.6% year-over-year.
- Hyundai-Kia sales were up 6.6% year-over-year.
- Subaru sales were up 0.4% year-over-year.
- Volkswagen Group of America sales were up 22.7% year-over-year.
- Replacement demand in Texas following Hurricane Harvey in late August helped drive up vehicle sales in September; however, the arrival of Hurricane Irma in Florida in September kept vehicle sales from being even stronger. That realization points to what will most likely be another good month for sales in October.
- September marked the first industry sales increase in 2017.
- Vehicle dealers are still pushing incentive spending to boost sales and to cull excess inventory. According to ALG estimates cited by Automotive News, incentive spending was forecast to average $3,742 in September, up 1.5% from the same period a year ago and up 0.3% month-over-month.
|Domestic Light Vehicles
| Light Trucks
|Total Light Vehicles (incl imports)