September’s new-vehicle sales may set the stage for the remainder of the year.
New data released on Sept. 25 by Cox Automotive shows the seasonally adjusted annual selling rate (SAAR) is expected to reach nearly 16.2 million in September, up from 15.8 million a year ago and 16.1 million in August.
The global automotive service organization noted that sales volume in September is expected to rise by 6 percent from a year ago, but could decline by almost 15 percent from August because of fewer selling days.
“The new-vehicle sales pace has been surprisingly strong this summer and through the third quarter as uncertainty around tariff policy has decreased,” Charlie Chesbrough, Cox Automotive senior economist said in a company statement….