PR Newswire: news distribution, targeting and monitoring
2014

New-Car Sales Cool To 14.7 Million SAAR With Q4 Slowdown; 1,130,000 Units Expected In October

Record Fuel Prices Boost Compact Car Sales; Volkswagen Expected to Continue Year-Over-Year Market Share Lead

Share with Twitter Share with LinkedIn

IRVINE, Calif., Oct. 24, 2012 /PRNewswire/ -- Through the first three weeks in October, the seasonal Q4 slowdown in new-car sales clearly is in full effect, according to Kelley Blue Book, www.kbb.com, the leading provider of new car and used car information.  Kelley Blue Book expects new-vehicle sales to drop to 14.7 million seasonally adjusted annual rate (SAAR) in October, after hitting 14.9 million last month.  Analysts expect declines in both fleet and retail sales. 

(Logo:  http://photos.prnewswire.com/prnh/20120808/LA53814LOGO)

"Fleet sales likely will decline 20,000 to 25,000 units overall, while retail sales will drive the remaining decline," said Alec Gutierrez, senior market analyst of automotive insights for Kelley Blue Book.  "Retail sales typically slow in October following September's model-year clearance sales, featuring heavy discounts on soon-to-be replaced vehicles."

Although sales have dropped month-over-month, they remain high compared to this time last year.  Sales will improve 10.7 percent versus October 2011, led by strong sales of fuel-efficient compact cars.  Kelley Blue Book expects compact cars such as the Honda Civic, Hyundai Elantra and Ford Focus to increase nearly 44 percent in October, coinciding with the highest fuel prices on record for this time of year. 

"Sales in California will be especially strong with gas prices currently more than $0.70 per gallon above the national average," said Gutierrez.  "This will trigger incremental sales growth in the electric and hybrid categories as well.  However, due to their high cost of entry, Kelley Blue Book doesn't anticipate sales volume for these segments to increase beyond the 2 percent market share consistently held during the past several years."

Kelley Blue Book:  Compact Car Sales to Surge with High Fuel Prices




Sales Volume

Market Share

Segment

Oct-12

Oct-11

YOY%

Oct-12

Oct-11

YOY

Mid-Size Car

178,540

165,689

7.8%

15.8%

16.2%

-0.4%

Compact Car

178,540

123,621

44.4%

15.8%

12.1%

3.7%

Compact Crossover

129,950

111,457

16.6%

11.5%

10.9%

0.6%

Full-Size Pickup Truck

135,600

134,035

1.2%

12.0%

13.1%

-1.1%

Subcompact Car

46,330

43,383

6.8%

4.1%

4.2%

-0.1%

Total

1,130,000

1,021,185

10.7%

-

-

-

*Includes segments not shown







Volkswagen to Lead Year-Over-Year Sales Gains
Once again, Volkswagen will lead industry gains in October, thanks to strong sales of the redesigned Jetta and Passat. 

"A lower point of entry and competitive lease offers for these models have helped  increase sales among mainstream consumers, while those seeking fuel efficiency and a sporty drive can look to Volkswagen's TDI offerings," said Gutierrez.  "High fuel prices and Volkswagen's multiple diesel offerings have helped the brand continue to capture U.S. market share." 

Toyota also benefits from high fuel prices, and Kelley Blue Book expects the brand to improve 26.4 percent this month.  Toyota has seen strong demand for the Prius, Corolla, Yaris and other fuel-sipping options, allowing it to continue to recapture market share.  All manufacturers are expected to show solid gains compared to last year, despite month-over-month industry declines. 

Kelley Blue Book: Volkswagen Will Lead the Industry to a 10.7 Percent YOY Jump




Sales Volume

Market Share

Manufacturer

Oct-12

Oct-11

YOY%

Oct-12

Oct-11

YOY

General Motors

203,400

186,895

8.8%

18.0%

18.3%

-0.3%

Ford Motor Company

172,890

167,502

3.2%

15.3%

16.4%

-1.1%

Toyota Motor Company

169,500

134,046

26.4%

15.0%

13.1%

1.9%

Chrysler Group

133,340

114,512

16.4%

11.8%

11.2%

0.6%

American Honda

115,000

98,333

16.9%

10.2%

9.6%

0.0%

Hyundai-Kia

100,000

90,092

11.0%

8.8%

8.8%

0.0%

Nissan North America

91,000

82,346

10.5%

8.1%

8.1%

0.0%

Volkswagen

49,720

38,253

30.0%

4.4%

3.7%

0.7%

Total

1,130,000

1,021,185

10.7%

-

-

-

*Includes brands not shown







For more information and news from Kelley Blue Book's KBB.com, visit www.kbb.com/media/, follow us on Twitter at www.twitter.com/kelleybluebook (or @kelleybluebook), like our page on Facebook at www.facebook.com/kbb, and get updates on Google+ at https://plus.google.com/+kbb/.

About Kelley Blue Book (www.kbb.com)
Founded in 1926, Kelley Blue Book, The Trusted Resource®, is the only vehicle valuation and information source trusted and relied upon by both consumers and the industry.  Each week the company provides the most market-reflective values in the industry on its top-rated website www.kbb.com, including its famous Blue Book® Trade-In and Suggested Retail Values and Fair Purchase Price, which reports what others are paying for new cars this week.  The company also provides vehicle pricing and values through various products and services available to car dealers, auto manufacturers, finance and insurance companies as well as governmental agencies.  KBB.com provides consumer pricing and information on cars for sale, minivans, pickup trucks, sedan, hybrids, electric cars, and SUVs.  Kelley Blue Book's KBB.com ranked highest in its category for brand equity and was named Online Auto Shopping Brand of the Year by the 2012 Harris Poll EquiTrend® study.  Kelley Blue Book Co. Inc. is a wholly owned subsidiary of AutoTrader Group.

SOURCE Kelley Blue Book



RELATED LINKS
http://www.kbb.com

Featured Video

Journalists and Bloggers

Visit PR Newswire for Journalists for releases, photos, ProfNet experts, and customized feeds just for Media.

View and download archived video content distributed by MultiVu on The Digital Center.

Share with Twitter Share with LinkedIn
 

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

 
 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

 
 

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.

 
Area to test

Online Member Center

Not a Member?
Click Here to Join
Login
Search News Releases
Advanced Search
Search
  1. PR Newswire Services
  2. Knowledge Center
  3. Browse News Releases
  4. Contact PR Newswire
  5. Send a News Release