True to Ward’s mid-month forecast, “Cash for Clunkers” took buyers out of the market and slashed September’s light-vehicle seasonally adjusted annual rate to 9.2 million units from August’s government-incentive-fueled 14.1 million. It was the lowest September SAAR in the last 30 years, when the rate fell to 10.6 million in 1980 from 10.9 million the prior month in a market suffering from double-digit interest rates, soaring unemployment and rising fuel prices. Related document: U.S. ...
Premium Content (PAID Subscription Required)
"September Sales Wither in Post-Clunker Decline" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: firstname.lastname@example.org or phone: (248) 799-2642
Current subscribers, please login or CLICK for support information.