According to different trustworthy forecasts U.S. new-vehicle sales are very close to reach the highest level for any October since 2001.
October 2001 was one of the industry’s strongest months ever, amid widespread zero-percent financing offers designed to stimulate sales after the 9/11 terrorist attacks. Sales topped 1.7 million units as a result. This year it is very likely that sales could exceed 1.4 million. The tenacious pace of auto sales since May, combined with the current favorable position of the U.S. economy, is increasing the level of upside potential to 2015 by 100,000 units, while nearly wiping out any downside risk.
October’s seasonally adjusted, annualized selling rate is expected to be down from 18.2 million in September but still one of the year’s highest. It would also be the first time that the industry has achieved a SAAR (Seasonally Adjusted Annual Rate) of at least 17.8 million for three consecutive months since January through March 2000. All experts agree that the early signs for October look to be very positive.