by Calculated Threat on 10/01/2024 05:00:00 PM
Wards Auto launched their estimate of sunshine car gross sales for September: September U.S. Mild-Automobile Gross sales up Barely on SAAR foundation; Q3 Quantity Down 1.9% (pay web site).
Gross sales over the previous six months have been principally in adverse territory regardless that stock continued to rise. Affordability and a slowdown in fleet orders have been the bane to progress. September noticed the continuation of positive aspects in probably the most reasonably priced segments, nevertheless it was greater than offset by weak point amongst greater priced autos – a theme of the previous two quarters. (Hurricane Helene additionally barely dampened deliveries in September.) Regardless of downturns in Q2 and Q3 of 0.5% and 1.9%, respectively, Q1’s robust 4.9% enhance was sufficient to maintain year-to-date quantity by means of September above the year-ago whole, albeit lower than 1%.
Click on on graph for bigger picture.
This graph reveals gentle car gross sales since 2006 from the BEA (blue) and Wards’ estimate for August (crimson).
Gross sales in August had been barely above the consensus forecast.
The second graph reveals gentle car gross sales because the BEA began conserving information in 1967. 
