Strong September sales driven by trucks, CUVs
Nationwide, auto sales rose 9 percent in September, driven by consumers snapping up trucks and crossovers. Continuing pent-up demand, falling gas prices, low interest rates and an overall recovering economy all helped boost sales. Some analysts predict sales will top 17 million next year making the Great Recession seem like long ago and far away.
Auto sales remained strong in September and rounded out an excellent third quarter, the best for the industry since 2006, said Bill Fay, Toyota division group vice president and general manager. SUVs and crossovers continue to be the industryês hot spots.
Acura, Audi, Chrysler, General Motors, Honda, Mercedes Benz and Nissan all saw double digit gains. The widespread increase was especially impressive because incentives didnêt rise, TrueCar executive vice president Larry Dominique told TheDetroitBureau.com.
Kelley Blue Book put the average transaction price at $32,500, a figure it said was boosted by nonluxury utilities. Sales of the Nissan Rogue and Murano jumped 50 percent. Toyota Motor Sales rose a modest 1.7 percent; but Toyota SUV sales saw a 35 percent hike.
GM and Chrysler sales rose 19 percent, and Nissanês 18.5 percent. For the Chrysler group, it was the 54th consecutive month of increasing sales. Jeep sales soared 47 percent in the brandês best-ever September sales. Subaru sales jumped 31 percent as the automaker prepared to sell 500,000 units for the first time this year.
Not every automaker saw higher sales. Ford saw sales fall 3 percent as it prepared for its new aluminum-bodied F-150. Volkswagen sales were down 18.6 percent.
In used vehicle sales, franchised dealersê unit sales rose 6.6 percent, according to CNW Research. They gained market share over independent and private party sales both year to date, where they hold 36.9 percent share, and for September 39.5 percent share. The value of vehicles sold rose for one- through three-year old vehicles, typically sold by franchised dealers. The numbers: one-year-old, up 11 percent; two-year-old, up 21.5 percent, and three-year-old, up 12 percent.Download Bulletin PDF