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U.S. Auto Sales Rise for the First Time in 2017

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U.S. Auto Sales Rise for the First Time in 2017


The American International Automobile Dealers Association (AIADA) released today September the figures for the global nameplate car industry. Brands sold by America’s 9,600 worldwide nameplate establishments represented the greater part, 55.7%, of every single new vehicle sold in the United States in September.

AutoData Corp. reports that the seasonally adjusted annual rate (SAAR) for September took off to 18.57 million units – the most elevated since July 2015 – versus 17.72 million units per year back and only 16.14 million units a month ago. Unadjusted for business days, offers of all brands were up 6.1 percent from last September, denoting the principal ascend in month-over-month deals for the year. Deals were still down 1.8 percent year-to-date. Industrywide, 1,523,867 vehicles were sold in September contrasted with 1,483,330 sold in August and 1,435,693 units sold a year back.

September’s sales exceeded even some of the industry’s most optimistic expectations. (…) A combination of post-hurricane vehicle replacement and excellent incentives kept dealerships busy last month. We have every reason to feel positive heading into the final quarter of 2017.

said AIADA President Cody Lusk.

Worldwide brands outflanked their household partners in September with deals up 7.6 percent from a year back and down only 0.4 for the year-to-date. Brands like Honda (up 7.4 percent from last September), Toyota (up 16.9 percent), and Volkswagen (up 33.2 percent) lead the charge. Most deals changes were driven by light trucks, which rose 12.4 percent as a section from last September, while autos kept on slacking, down 3.3 percent from a year prior.

Universal vehicle deals in the U.S. totaled 848,906 in September, up from 822,952 vehicles in August and 828,772 vehicles in July. Asian brands possessed 46.5 percent of the September auto advertise, up marginally from 46.3 percent in August. In general, Asian nameplate merchants sold 708,049 vehicles in September, a seven percent change from September 2016.

European brands sold 140,857 vehicles in September, up from 136,128 vehicles in August and 126,157 vehicles in July. European brands held 9.2 percent of the September U.S. auto advertise, the same as August 2017 and up from 8.9 percent in September 2016. General deals for these brands were up a noteworthy 10.6 percent from last September.

The post U.S. Auto Sales Rise for the First Time in 2017 appeared first on Motorward.



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