J.D. Power: New-Vehicle Retail Sales Still Tracking Above 10-Million Units

PR Newswire - October 30, 2011

J.D. Pow­er and Asso­ciates reports that the Octo­ber retail sea­son­al­ly adjust­ed annu­al­ized rate (SAAR) is expect­ed to come in at 10.5 mil­lion units, which is at the same lev­el as Sep­tem­ber. New-vehi­cle retail sales in Octo­ber are expect­ed to post a dou­ble-dig­it increase over the same peri­od a year ago. “The rel­a­tive­ly strong sell­ing rate seen again in Octo­ber sug­gests that the fourth quar­ter may close stronger than pre­vi­ous­ly expect­ed,” said Jeff Schus­ter, exec­u­tive direc­tor of glob­al fore­cast­ing at J.D. Pow­er and Asso­ciates.