After a less than stellar summer, U.S. auto dealerships have been seeing a turnaround in September, according to J.D. Power and Associates. The firm expects total car and truck sales to reach 961,500 for the month; 29% higher than last year. Last year”s sales however, were markedly low due to the recession and the Cash-for-Clunkers program run last summer.
“The vigorous start to September is an indication that vehicle buyers delayed some of their purchases in late August, and were most likely waiting for Labor Day sales and hoping for increases in vehicle availability,” Jeff Schuster, J.D. Power’s executive director of global forecasting, said in a statement.
The company is expecting this month”s retail auto sales to be the highest in two years. Last month however, J.D. Power had cut its original 2010 sales forecast down from 11.7 million units to 11.6 million units.
– By: Stephen Calogera