Last week I said
[The JD Power October Sales Estimate] seems weak to me, though its
lowerhigher than the number people had floating around. I would expect to see some rise from the August numbers as both Honda and Toyota sales caught up. A big number like 13.8+ wouldn’t surprise me but 13.3ish would be my baseline.
Edmunds.com latest
An estimated 1,033,257 new cars will be sold in October, for a projected Seasonally Adjusted Annual Rate (SAAR) of 13.4 million units, forecasts Edmunds.com … This sales pace would mark the highest monthly SAAR since August 2009, when sales were inflated by the Cash for Clunkers program.
TrueCar.com says
The October 2011 forecast translates into a Seasonally Adjusted Annualized Rate (SAAR) of 13.4 million new car sales, up from 13.1 million in September 2011 and up from 12.2 million in October 2010.
HT: Calculated Risk
I’m a pessimist. But, pessimism is not a forecast. It’s a disposition. The forecast says strong growth in Q4.
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Friday ~ October 28th, 2011 at 7:03 am
Andreas Moser
Life without a car has much more quality: http://andreasmoser.wordpress.com/2010/10/02/car-free-by-choice/
Therefore car sales are not a good measurement for a society’s well-being. Think of all the traffic jams, emmissions and accidents they will cause.
We should look at train ticket sales.
Friday ~ October 28th, 2011 at 3:07 pm
Becky Hargrove
This makes me think of the ‘world average person composite’ that was reported on the news the other day, complete with the person of ‘average’ appearance. Among other averages…he did not own a car.