Solid September Car Sales Set Stage For Strong Close To Year

October 3, 2014 2:53 PM

Solid September Car Sales Set Stage For Strong Close To Year
" DETROIT — (WWJ) Car and truck sales posted another double digit increase in September, showing no sign of slowing down following a strong summer.

“Right now we are about at parity to where we were pre-recession,” said Edmunds analyst Jeremy Acevedo.

September’s Seasonally Adjusted Annual Sales Rate hovering in the mid 16 million range. Off from a post-recession peak in August, but still very strong.

August was helped by extra sales days and an early Labor Day weekend, prompting concerns that sales were being pulled ahead, and we would see “payback” in September.

“The expected payback just didn’t happen,” said LMC Automotive analyst Jeff Schuster. “The numbers we are seeing now are showing true strength over the spectrum of the industry.”

Chrysler and General Motors both posted sales gains of 19 percent. Ford sales dropped 3 percent, due to lower inventories of pickup trucks, caused by the change-over to a new F-150.

“Chevy GMC and Ram looking like they are taking a little advantage with the F-150 launch,” said Schuster.”

Ford still had several strong performers, including the Explorer, the Fusion and the Lincoln brand "

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