KBB.com Forecasts New-Car Sales to Reach 1,140,000 Units In September


26 Sep 2012 10:00 Africa/Lagos

KBB.com Forecasts New-Car Sales to Reach 1,140,000 Units In September
Kelley Blue Book Predicts Overall Annual Sales Gains Between 7 and 10 Percent through Year-End

IRVINE, Calif., Sept. 26, 2012 /PRNewswire/ -- September new-car sales will hit a 14.3 million seasonally adjusted annual rate (SAAR) in September, slightly down from the 14.5 million SAAR achieved in August, according to Kelley Blue Book, the leading provider of new car and used car information. This equates to an 8 percent year-over-year improvement, which is well below last month's 20 percent year-over-year increase. Although September sales do not appear as strong as August, to grasp the full picture, the sales environment at this time last year must be considered.

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