Edmunds.com Predicts January Sales Increase from Year Ago, Plummet for Toyota
SANTA MONICA, Calif. — Edmunds.com analysts predict that January's new-vehicle sales (including fleet sales) are expected to be 701,000 units, and that the seasonally adjusted annualized rate (SAAR) will be 10.7 million, down from 11.2 in December 2009. This sales forecast represents a 7.1 percent increase from January 2009 but a 31.7 percent decrease from December 2009, according to Edmunds.com. January 2010 had 24 selling days, two less than last January. When adjusted for this difference, sales increased 16.0 percent from January 2009. (The chart below sets forth other unadjusted and adjusted comparisons.)
Change from January 2009 (Adjusted for fewer selling days) | Change from January 2009 (Unadjusted for fewer selling days) | Change from December 2009 (Unadjusted for fewer selling days) | |
Chrysler | 14.6% | 5.7% | -24.3% |
Ford | 44.5% | 33.4% | -30.4% |
GM | 17.9% | 8.8% | -32.7% |
Honda | 11.4% | 2.8% | -31.9% |
Hyundai | 7.4% | -0.9% | -15.8% |
Nissan | 23.2% | 13.7% | -16.5% |
Toyota | -4.6% | -11.9% | -45.0% |
Industry Total | 16.0% | 7.1% | -31.7% |
"December is generally one of the strongest sales months of the year, while January is typically one of the weakest, and that held true this season," said Jessica Caldwell, director of Industry Analysis for Edmunds.com. "This month’s sales were buoyed by hefty hikes in fleet sales." The combined monthly U.S. market share for Chrysler, Ford and General Motors (GM) domestic nameplates is estimated to be 47.2 percent in January 2010, up from 43.4 percent in January 2009 and up from 46.2 percent in December 2009. "Toyota’s market share is likely to drop to 14.7 percent in January; the last time it was that low was in March 2006 when its share was 14.2 percent of U.S. sales. In contrast, Ford is expected to have its best month for market share since May 2006. Edmunds.com forecasts Ford’s share at 18.0 percent. The last time it was that high was in May 2006 at 18.4 percent," noted Edmunds.com Senior Analyst Michelle Krebs. A detailed forecast is available at Edmunds' AutoObserver.com.
More Industry

Nebraska Rooftop Changes Hands
The Gregg Young Automotive Group has sold its second dealership to Janssen Auto Group, both in Plattsmouth, Neb.
Read More →
Penske Auto Group Deal a Record
The deal to take the dealership and transportation services company private sets a new pace for industry buy-sell transactions.
Read More →
War Toll a Damper on Used Auto Prices
Cox Automotive found wholesale depreciation to be elevated in September amid high fuel prices and this year's unusual hurricane season.
Read More →
Bridge the Maintenance Gap
With many drivers missing recommended maintenance, service departments offering transparency and efficiency have a better chance of reaching financially strained consumers.
Read More →
California Store Has New Owner
The longtime dealership in the northern part of the state is known for robust fleet sales and has served the state capital for 115 years.
Read More →
BMW Plant Pursues Cleaner Energy
BMW Group Plant Leipzig has utilized hydrogen to help power its production since 2013, but a new pipeline is planned to take it to another level.
Read More →
Auto Affordability Inches Up
The latest Cox Automotive and Moody’s Analytics index shows a slight increase in new-vehicle affordability despite high prices.
Read More →
Ohio Auto Group Under New Ownership
After 79 years with the Schluter family, Mansfield Auto Group has been acquired by Missouri-based Clement Auto Group.
Read More →
RV Group Expands Carolina Footprint
Blue Compass RV Columbia Northeast is the 13th RV dealership owned by Blue Compass in the Carolinas.
Read More →
Agent Acumen
An Agent Summit panel of people who’ve been supporting auto dealers for years gave both timely and timeless advice for those starting out or mulling the prospect.
Read More →