SAAR to Reach Highest Level Since August 2009, TrueCar.com Predicts
SANTA MONICA - TrueCar.com is predicting that new light-vehicle sales (including fleet) will reach 1.035 million units, a 9 percent increase from October 2010 and 1.7 percent decrease from September 2011. The forecast translates into a seasonally adjusted annualized rate (SAAR) of 13.4 million units, which is on par with August 2009 SAAR levels, the vehicle information site reported.
"Consumers are no longer dragging their feet on new-vehicle purchases, as they feel the economy is moving in the right direction, " said Jesse Toprak, vice president of industry trends and insights for TrueCar.com. "This will be the fifth straight month where SAAR will rise and the highest we've seen in over two years."
Retail sales are up 9.8 percent vs. October 2010 and down 0.5 percent month over month, according to TrueCar.com. Fleet and rental sales are expected to make up 20 percent of total industry sales in October 2011, reported F&I and Showroom magazine.
The industry’s average incentive spending per unit will be approximately $2,669 in October, representing a 0.6 percent month-over-month increase and a 4.6 percent year-over-year increase. Used-car sales are estimated to be 2.741 million units, up 5.7 percent from October 2010 and down 15.1 percent from September 2011. The industry’s new-to-used ration is expected to pace out at one to three for the month.
"Japanese automakers have seen substantial improvement in inventory this month and buyers are responding to the better availability of product as well as higher incentives," said Kristen Andersson, automotive analyst at TrueCar.com.
Unit Sales Forecast
Manufacturer | October 2011 Forecast | % Change vs. September 2011 | % Change vs. October 2010 |
Chrysler | 119,591 | -6.1% | 32.7% |
Ford | 169,376 | -3.1% | 7.4% |
GM | 192,239 | -7.2% | 4.9% |
Honda | 96,067 | 7.3% | -2.8% |
Hyundai/Kia | 80,701 | -7.9% | 9.3% |
Nissan | 82,832 | -10.9% | 18.7% |
Toyota | 135,064 | 11.2% | -7.2% |
Industry | 1,035,042 | -1.7% | 9.0% |
Market Share Forecast
Manufacturer | October 2011 Forecast | September 2011 | October 2010 |
Chrysler | 11.6% | 12.1% | 9.5% |
Ford | 16.4% | 16.6% | 16.6% |
GM | 18.6% | 19.7% | 19.3% |
Honda | 9.3% | 8.5% | 10.4% |
Hyundai/Kia | 7.8% | 8.3% | 7.8% |
Nissan | 8.0% | 8.9% | 7.3% |
Toyota | 13.1% | 11.6% | 15.3% |
Incentive Spending Forecast
Manufacturer | October 2011 Incentives | % Change vs. September 2011 | % Change vs. October 2010 | Total Spending |
Chrysler | $3,303 | -1.7% | -3.3% | $395,042,910 |
Ford | $2,827 | -0.6% | 2.4% | $478,837,220 |
GM | $3,182 | -3.3% | 2.7% | $611,670,809 |
Honda | $2,380 | 1.8% | 17.7% | $228,642,744 |
Hyundai/Kia | $1,300 | 13.6% | -22.7% | $104,933,316 |
Nissan | $2,917 | 6.1% | 15.3% | $241,609,588 |
Toyota | $2,387 | 6.6% | 12.7% | $322,356,878 |
Industry | $2,669 | 0.6% | 4.6% | $2,763,029,350 |
More Industry

Pennsylvania Dealership Under New Retailers
The sale of the Chrysler Dodge Jeep Ram store puts a family auto group on a leaner path as first-time dealers take the helm.
Read More →
Battery Storage Takes Priority Over EVs
U.S. automakers are prioritizing battery energy stationary storage over electric-vehicle production as the consumer demand for EVs lags the rest of the world.
Read More →
Auto Dealers Feel Better But Not Great
A second-quarter Cox Automotive poll of franchised retailers and independents found better views of the current market after a good spring but anticipation of third-quarter storminess.
Read More →
New-Vehicle Sales Picture Relative
A May forecast is complicated by last spring’s trade tariff effects on auto retail. Despite continued hard realities, many consumers took advantage of ways to bite the bullet.
Read More →
Auto Group Acquires Third Nissan Rooftop
Iowa-based Coleman Automotive Group recently acquired its seventh dealership, McGrath Nissan, which it renamed Nissan of Elgin.
Read More →
April Less Affordable
Based on prices, reduced incentives and slower household income growth, consumers found it more challenging to buy new last month, Cox Automotive reported.
Read More →
Building an Extraordinary F&I Agency
Work to determine your specialized talent, because that fact will determine everything about your agency’s future.
Read More →
Recipe for Compliance
The secret to both amazing barbecue and compliance is the same: understanding the basics and committing to a process.
Read More →
EVs Getting More Attractive
A growing percentage of U.S. consumers are open to switching and fewer are adverse to the idea, according to a recently completed survey. That’s despite the end of a tax break.
Read More →
EV Sales Drop in April Following Surge
North American electric-vehicle sales were down 28% year-over-year, a sharp contrast from global EV sales growth of 6%.
Read More →