Tepid September U.S. Sales Impacted by Strong August Deliveries

2013 Ford EscapeSeptember U.S. new car and light-truck sales were expected to be less than stellar after strong August totals that included near-record Labor Day deliveries, according to J.D. Power and media reports. In addition, there were two fewer selling days in September 2013 than in September a year ago, which impacted totals.

New-vehicle sales reached 1.136 million units and were up 4% from the same month a year ago on a selling-day adjusted basis, which matched a monthly forecast update from J.D. Power’s Power Information Network® (PIN) and strategic partner LMC Automotive. On an unadjusted basis, deliveries were down 4% from last year.

Retail Sales Slip a Fraction of a Point in September

Retail sales finished the month at just under 917,000 units—down slightly from last September (-0.1%) when adjusted for fewer selling days. The September tally represented a seasonally adjusted annual rate (SAAR) of 15.1 million units. Fleet sales improved by 25.5% from a year ago and represented a 3.1 million-unit SAAR. Continue reading ›