by Calculated Danger on 10/01/2024 05:00:00 PM
Wards Auto launched their estimate of sunshine automobile gross sales for September: September U.S. Mild-Automobile Gross sales up Barely on SAAR foundation; Q3 Quantity Down 1.9%Â (pay website).
Gross sales over the previous six months have been largely in unfavorable territory despite the fact that stock continued to rise. Affordability and a slowdown in fleet orders have been the bane to development. September noticed the continuation of beneficial properties in essentially the most inexpensive segments, nevertheless it was greater than offset by weak spot amongst greater priced automobiles – 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% improve was sufficient to maintain year-to-date quantity by means of September above the year-ago complete, albeit lower than 1%.
Click on on graph for bigger picture.
This graph exhibits gentle automobile gross sales since 2006 from the BEA (blue) and Wards’ estimate for August (crimson).
Gross sales in August have been barely above the consensus forecast.
The second graph exhibits gentle automobile gross sales because the BEA began conserving knowledge in 1967. 
