September New-Car Sales To Rise 1 Percent Year-Over-Year; Replacement Demand In Hurricane Devastated Areas Could Continue Through November,
New-vehicle sales are expected to rise 1 percent year-over-year to a total of 1.44 million units in September 2017, resulting in an estimated 17.5 million seasonally adjusted annual rate (SAAR), according to Kelley Blue Book.
“September will be another opportunity for the first sales increase of the year, as we project slight growth for the industry,” said Tim Fleming, analyst for Kelley Blue Book. “While major hurricanes devastated parts of Texas and Florida in the past month, this is driving replacement demand for those drivers with vehicles destroyed. This demand has already started in some areas, but will continue into October and potentially November, as vehicle insurance payouts are received.”
The post September New-Car Sales To Rise 1 Percent Year-Over-Year; Replacement Demand In Hurricane Devastated Areas Could Continue Through November, According To Kelley Blue Book appeared first on Autotrader B2B.