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September Auto Sales Expected To Dip 2 Percent, According To Kelley Blue Book

September Auto Sales Expected To Dip 2 Percent, According To Kelley Blue Book

Seasonally Adjusted Annual Rate at 15.7 Million

PR Newswire

IRVINE, Calif., Sept. 26, 2013

IRVINE, Calif., Sept. 26, 2013 /PRNewswire/ --New-vehicle sales are expected
to decline 1.8 percent in September 2013 to a total of 1.17 million units,
according to Kelley Blue Book www.kbb.com, the leading provider of new and
used car information.

(Logo: http://photos.prnewswire.com/prnh/20121108/LA08161LOGO)

"September 2013 new-vehicle sales represent the first year-over-year drop
since May 2011, due to slower retail sales, two fewer sales days in the month,
and this year's Labor Day sales included in August 2013 totals," said Alec
Gutierrez, senior analyst at Kelley Blue Book. "Despite the cool down this
month, Kelley Blue Book forecasts sales will remain on track to exceed 15.6
million units in 2013 because of strong product introductions from
automakers."

Key Highlights for Estimated September 2013 Sales Forecast:

  oIn September 2013, new light-vehicle sales, including fleet, are expected
    to hit 1,167,000 units, down 1.8 percent from September 2012 and down 22.2
    percent from August 2013.
  oThe seasonally adjusted annual rate (SAAR) for September 2013 is estimated
    to be 15.7 million, up from 14.7 million in September 2012 and down from
    16.0 million in August 2013.
  oRetail sales are expected to account for 85 percent in September 2013.

Toyota, Honda to Lead Manufacturer Growth in September 2013

Honda will continue its momentum from a strong August 2013, when it posted a
27 percent gain year over year. While calendar quirks this month will limit
Honda to single-digit growth, two of its three core products, the Civic and
CR-V, are leading their respective segments this year. Toyota also is expected
to post small gains in September as it launched the all-new Corolla, which
will challenge the Civic for the best-selling small car this year. Domestic
manufacturers are expected to post volume losses for the month; however, their
combined market share of 44.4 percent will be slightly higher than last month
and one year ago.

                                Sales Volume ^1            Market Share ^2
Manufacturer                    Sep-13    Sep-12    YOY %  Sep-13 Sep-12 YOY %
General Motors (Buick,          208,000   210,245   -1.1%  17.8%  17.7%  0.1%
Cadillac, Chevrolet, GMC)
Toyota Motor Company (Lexus,    177,000   171,910   3.0%   15.2%  14.5%  0.7%
Scion, Toyota)
Ford Motor Company (Ford,       173,000   174,454   -0.8%  14.8%  14.7%  0.2%
Lincoln)
Chrysler Group (Chrysler,       137,000   142,041   -3.5%  11.7%  11.9%  -0.2%
Dodge, Jeep, RAM)
American Honda (Acura, Honda)   122,000   117,211   4.1%   10.5%  9.9%   0.6%
Hyundai-Kia                     96,000    108,130   -11.2% 8.2%   9.1%   -0.9%
Nissan North America (Infiniti, 93,000    91,907    1.2%   8.0%   7.7%   0.2%
Nissan)
Volkswagen Group (Audi,         45,000    48,641    -7.5%  3.9%   4.1%   -0.2%
Volkswagen)
Total ^3                        1,167,000 1,188,899 -1.8%  -      -      -

^1 Historical data from OEM sales announcements
^2 Kelley Blue Book Automotive Insights
^3 Includes brands not shown

Compact Crossovers Post Biggest Growth, Compacts to Lead the Way over Mid-Size
Cars

Compact crossovers will see the biggest growth of any segment, as sales are up
21.7 percent so far this year, fueled by redesigns of the Honda CR-V, Toyota
RAV4 and Subaru Forester. While housing prices are starting to level out,
housing construction and sales remain up, helping pickup truck sales
accelerate into the fall season when sales are typically strong.

"In September 2013, Kelley Blue Book expects compact cars to surpass mid-size
cars as the leading segment for the first time since June 2011," said Tim
Fleming, analyst at Kelley Blue Book. "Over the past three months, compact
car sales have soared 17.8 percent on the strength of the Honda Civic,
Chevrolet Cruze and Hyundai Elantra, and the introduction of the new Toyota
Corolla will bolster sales even more in this segment."

                       Sales Volume ^1           Market Share
Segment                Sep-13    Sep-12    YOY % Sep-13 Sep-12 YOY %
Compact Car            179,750   186,870   -3.8% 15.4%  15.7%  -0.3%
Mid-Size Car           178,500   194,568   -8.3% 15.3%  16.4%  -1.1%
Compact Crossover      151,750   135,234   12.2% 13.0%  11.4%  1.6%
Full-Size Pickup Truck 150,500   144,459   4.2%  12.9%  12.2%  0.7%
Subcompact Car         49,000    49,111    -0.2% 4.2%   4.1%   0.1%
Total ^2               1,167,000 1,188,899 -1.8% -      -      -

^1 Historical data from OEM sales announcements
^2 Includes brands not shown

For more information and news from Kelley Blue Book's KBB.com, visit
www.kbb.com/media/, follow us on Twitter at www.twitter.com/kelleybluebook (or
@kelleybluebook), like our page on Facebook at www.facebook.com/kbb, and get
updates on Google+ at https://plus.google.com/+kbb.

About Kelley Blue Book(www.kbb.com)

Founded in 1926, Kelley Blue Book, The Trusted Resource®, is the only vehicle
valuation and information source trusted and relied upon by both consumers and
the automotive industry. Each week the company provides the most
market-reflective values in the industry on its top-rated website KBB.com,
including its famous Blue Book® Trade-In and Suggested Retail Values, and Fair
Purchase Price, which reports what others are paying for new cars this week.
The company also provides vehicle pricing and values through various products
and services available to car dealers, auto manufacturers, finance and
insurance companies, and governmental agencies. For two years running, Kelley
Blue Book's KBB.com ranked highest in its category for brand equity and was
named Online Auto Shopping Brand of the Year in the 2012 and 2013 Harris Poll
EquiTrend^® study. Kelley Blue Book Co., Inc.is a subsidiary of AutoTrader
Group, which includes AutoTrader.com, vAuto, VinSolutions and HomeNet
Automotive. AutoTrader Group is a majority-owned subsidiary of Cox
Enterprises.

SOURCE Kelley Blue Book

Website: http://www.kbb.com
Contact: Chintan Talati, +1-949-267-4855, ctalati@kbb.com, or Natalie
Kumaratne, +1-949-267-4770, nkumaratne@kbb.com