A Autos

U.S. New Vehicle Sales Are Expected to Rise In September Despite Lack of New Government Stimulus

29 September, 2020

Analysts expect U.S. new vehicle sales to keep rising in September after increasing by 42.3% MoM in May, 6.9% in June, 11.3% in July and 4.6% in August (according to Wards data).



According to most of specialists, U.S. new vehicle sales should rise in September despite the federal government’s CARES Act programs — which provided financial relief to individuals and businesses affected by COVID-19 — for the most part expired at the end of July:

1- Cox Automotive notedthe seasonally adjusted annual rate (SAAR) is likely to reach 15.5 million, a modest improvement over August’s 15.2 million, and the fifth consecutive month of sales pace improvement after April’s historic low



2- Industry consultants J.D. Power and LMC Automotive saidThe seasonally adjusted annualized rate (SAAR) for total sales is expected to be 15.7 million units, down 1.6 million units from a year ago.


3- Wards Intelligence expects sales to reach 16.2 million SAAR.


4- However, ALG, Inc., a subsidiary of TrueCar, Inc. projects total new vehicle sales will reach 1,221,092 units in September 2020, down 12% from a year ago when adjusted for the same number of selling days. This month’s seasonally adjusted annualized rate (SAAR) for total light vehicle sales is an estimated 14.8 million units.