Calendar Abnormality Will Snap 27-Month Winning Streak for Auto Industry in September, Says Edmunds.com

 Calendar Abnormality Will Snap 27-Month Winning Streak for Auto Industry in
                         September, Says Edmunds.com

PR Newswire

SANTA MONICA, Calif., Sept. 26, 2013

SANTA MONICA, Calif., Sept. 26, 2013 /PRNewswire/ -- September's auto sales
are expected to snap a 27-month streak of year-over-year gains dating back to
June 2011, forecasts Edmunds.com, the premier resource for car shopping and
automotive information. And while September's sales look shaky on the surface,
a calendar anomaly likely explains the decline: Labor Day weekend sales were
included in September 2012, but Labor Day sales counted toward August in 2013.

(Logo: http://photos.prnewswire.com/prnh/20130612/MM31390LOGO)

"It looks like sales took a big hit in September, but the monthly SAAR is up
year over year, and the industry is still selling more cars per day than it
did last year," says Edmunds.com Senior Analyst Jessica Caldwell. "Many of the
fundamentals that have driven strong car sales over the last year are still in
place, and we can expect them to contribute to a solid final quarter to close
out 2013."

Edmunds.com predicts that 1,143,968 new carsand trucks will be sold in the
U.S. in September for an estimated Seasonally Adjusted Annual Rate (SAAR) of
15.3 million. The projected sales will be a 23.8 percent decrease from August
2013, and a 3.7 percent decrease from September 2012.

SALES VOLUME FORECAST, BY MANUFACTURER
Sales Volume    Sept-13     Sept-12    Aug-13     Change from     Change from
                Forecast                          Sept 2012*      Aug 2013*
GM              195,610     210,245    275,847    -7.0%           -29.1%
Ford            183,107     174,454    220,404    5.0%            -16.9%
Toyota          169,160     171,910    231,537    -1.6%           -26.9%
Chrysler Group  143,003     142,041    165,552    0.7%            -13.6%
Honda           111,359     117,211    166,432    -5.0%           -33.1%
Hyundai/Kia     91,672      108,130    118,126    -15.2%          -22.4%
Nissan          83,749      91,907     120,498    -8.9%           -30.5%
VW/Audi         41,074      48,641     54,347     -15.6%          -24.4%
Industry        1,143,968   1,188,107  1,500,428  -3.7%           -23.8%
*NOTE: September 2013 had 23 selling days, September 2012 had 25 and August
2013 had 28.

Edmunds.com estimates that retail SAAR will come in at 12.7 million vehicles
in September, with fleet transactions accounting for 17.0 percent of total
sales. An estimated 3.01 million used cars will be sold in September for a
SAAR of 36.2 million (compared to 3.04 million – or a SAAR of 36.8 million –
used car sales in August).

AUTOMAKER PERFORMANCE
Ford and Chrysler were the bright spots in a down month for automakers. Ford
is expected to see a five percent sales increase in September, while Chrysler
will see sales tick up 0.7 percent. VW/Audi and Hyundai/Kia, meanwhile, are
projected to take the biggest hits in September, falling 15.6 percent and 15.2
percent, respectively, from September 2012.

MARKET SHARE FORECAST, BY MANUFACTURER
                                            Change from       Change from
Market Share   Sept-13       Sept-12 Aug-13 September 2012    August 2013
               Forecast                     (Percentage pts.) (Percentage
                                                              pts.)
GM             17.1%         17.7%   18.4%  -0.6%             -1.3%
Ford           16.0%         14.7%   14.7%  1.3%              1.3%
Toyota         14.8%         14.5%   15.4%  0.3%              -0.6%
Chrysler Group 12.5%         12.0%   11.0%  0.5%              1.5%
Honda          9.7%          9.9%    11.1%  -0.1%             -1.4%
Hyundai/Kia    8.0%          9.1%    7.9%   -1.1%             0.1%
Nissan         7.3%          7.7%    8.0%   -0.4%             -0.7%
VW/Audi        3.6%          4.1%    3.6%   -0.5%             0.0%

More insight into recent auto industry trends can be found in Edmunds.com's
Industry Center at http://www.edmunds.com/industry-center/.

About Edmunds.com, Inc.
Edmunds.comis a car-shopping Web site committed to helping people find the
car that meets their every need. Almost 18 million visitors use our research,
shopping and buying tools every month to make an easy and informed decision on
their next new or used car. Whether you're at the dealership or on the go,
we're always by your side with our acclaimed Edmunds.com iPhone and iPad apps
and our Edmunds.com Android App. Our comprehensive car reviews, shopping tips,
photos, videos and feature stories offer a friendly and authentic approach to
the automotive world. We're based in Santa Monica, Calif., but you can connect
with us from anywhere by following @Edmunds on Twitter or by becoming a fan of
Edmunds.com on Facebook.

Contact:
Jeannine Fallon/Aaron Lewis/Stephanie Mar
Edmunds.com Corporate Communications
www.Edmunds.com
Media Hotline: 310-309-4900
pr@edmunds.com

SOURCE Edmunds.com

Website: http://www.edmunds.com
 
Press spacebar to pause and continue. Press esc to stop.