September Sales off to a Slow Start

September’s US auto sales appear to be off to a slow start according to a recent Deutsche Bank survey. The analysts’ results suggest that the light vehicle SAAR is claiming around 16.1 million units (16.5 total) a figure that compares poorly with last September’s 16.7 million.

Hurricanes are again thought to be the reason for the dwindling figures and analysts believe that these indications of a weak start are likely to weigh heavily on the sector. Ford’s sales are down 10 per cent and its market share around 20 per cent. It is also estimated that GM ‘s sales are down three per cent, implying a 28 per cent market share. Whereas Chrysler’s sales are thought to be flat, implying an 11.7 per cent market share.