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

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 →
Missed Maintenance Creates Opportunity
As families get back on the road and into daily school routines, service drives have an opportunity to capture customers who are behind on recommended vehicle maintenance.
Read More →