Washington,DC,USA -Fleet Owner, by Sean Kilcarr -Sep 26, 2011: -- The retail sales rate for new light vehicles have taken a healthy bounce in September, reflecting a year-long strengthening trend in sales U.S. automakers, especially where light trucks are concerned... According to data tracked by J.D. Power and Associates, September new-vehicle retail sales are projected to reach 842,400 units, representing a seasonally adjusted annualized rate (SAAR) of 10.3 million units – the first time the retail selling rate has crossed the 10-million unit threshold since April... Total light-vehicle sales in September are expected to come in at 1,038,700 units, which is 9% higher than in September 2010, the firm noted, with fleet sales expected to be down 1% compared with last September, but accounting for 19% of total sales... In particular, Detroit’s “Big Three” – Ford, Chrysler, and GM – have increased production by 16% year-to-date, while the Japanese manufacturers cut build rates by 8%, largely due to parts shortages from the earthquake and resulting tsunami that struck that nation back in March... Given the relative strength of new light vehicle sales in September, J.D. Power is maintaining its forecast for total light-vehicle sales of 12.6 million units for 2011, a 9% increase from 2010, and 14.1 million units for 2012 – though the firm stressed that “a high level of uncertainty” remains concerning those projections...
* DC - Pent-up demand driving new-truck sales
Washington,DC,USA -Fleet Owner, by David Cullen -Sep 23, 2011: -- With an economy stubbornly stuck in slow-growth mode and motor carriers constrained from adding equipment by the return of the driver shortage, it is pent-up vehicle replacement demand that is causing medium- and heavy-duty trucks sales in the U.S. to continue galloping ahead... As of August, according to the latest data released by WardsAuto, the pace for U.S. sales of Class 4-8 trucks was running 54.2% ahead of last year. Last month, Class 4-8 OEMs sold 27,649 units—up from 17,238 units sold in the same period a year ago on a daily-selling rate basis. Sales also mounted in July by 31.2% and in June by 37.8%... All told, through August, medium- and heavy-duty truck sales totaled 189,840, which is 35.6% higher than the year-ago total of 139,996... Industry analyst Chris Brady, president of Commercial Motor Vehicle Consultants (CMVC), concurs with Slagle that replacement demand remains the key driver of truck sales right now...Labels: truck sales USA
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