U.S. auto sales defy economic fears - Dodge Nitro Forum
Chrysler/Dodge/Jeep News Find out the latest scoop here!

 
LinkBack Thread Tools Display Modes
post #1 of 1 (permalink) Old 09-26-2011, 12:43 PM Thread Starter
Super Moderator
 
rickaren's Avatar
 
Join Date: Nov 2006
Location: Indiana
Posts: 22,742
Garage
Question U.S. auto sales defy economic fears

September 24, 2011 Autos Insider | U.S. auto sales defy economic fears | The Detroit News

U.S. auto sales defy economic fears

Ford analyst foresees September to be best month since April




Wall Street might be acting like a double-dip recession is looming, but U.S. auto sales are continuing their slow recovery, a Ford Motor Co. analyst said Friday.

Auto sales in September are running above August seasonally adjusted levels — including stronger full-size pickup sales. September is on pace to be the highest sales month since April, said George Pipas, Ford's U.S. sales analyst.

Inventories from Japanese automakers hurt by the earthquake will be fully restored in October. "It will be a no-excuses industry as we get into the fourth quarter," Pipas said.

The analyst does not expect auto sales to decline much, if at all, for the rest of the year. But even holding their own at the current pace would not be enough to exceed 13 million for the full year. Industry auto sales will be released Oct. 3.

The wild card is always incentives. But predictions that increased inventories would lead to bigger discounts have not materialized. "There is no evidence of incentive escalation," he said, noting they are spot on with August levels.

And then there is Wall Street and the wild ride the economy has sent it on.

Wall Street has not lost as much as it did in late July and into August, Pipas noted.

"There is more uncertainty today than at the beginning of the year about the pace of the economic recovery."

While Ford will continue to monitor economic indicators, its plans are not based on the likelihood of a recession.

"You can't ignore the economic data coming in," he said, but Ford is planning on slow economic growth over the next several quarters.

Even if a double dip were to occur, "we're more prepared," Pipas said, having restructured over the past five years. "Now the business is right-sized for this level of auto sales."

Auto sales have been holding at a 12 million pace, which Pipas attributes in large part to the replacement demand — scrappage rates of about 6 percent on 250 million vehicles on the road in the U.S. would generate the need for 12.5 million to 13 million new vehicles.

Rick

Nitro Year: 2007 (1 of 91,815 sold in 07)
Nitro Model: R/T 4X4 Stone White
CAT-BACK Exhaust, CAI, Projector Head Lamps
Fully-Equipped w/all factory options
rickaren is offline  
Sponsored Links
Advertisement
 
Reply

  Dodge Nitro Forum > Dodge Nitro News & Polls > Chrysler/Dodge/Jeep News

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the Dodge Nitro Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in











Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode



Similar Threads
Thread Thread Starter Forum Replies Last Post
June US Auto Sales rickaren Chrysler/Dodge/Jeep News 0 07-01-2011 12:47 PM
U.S. auto sales in September rickaren Chrysler/Dodge/Jeep News 0 10-01-2010 02:30 PM
auto sales may rise in Q2 rickaren Chrysler/Dodge/Jeep News 0 04-09-2009 10:47 AM
Economic downturn could have NASCAR facing a crossroads rickaren Chrysler/Dodge/Jeep News 0 11-12-2008 03:48 PM
Fuel rule fears halt Chrysler Imperial rickaren Chrysler/Dodge/Jeep News 0 07-18-2007 09:48 AM

Posting Rules  
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome