real-time news and commentary for investors
Thursday, Sep 27
2012, 2:44 PM
September U.S. auto sales preview: Edmunds.com forecasts September U.S. car sales will increase...
September U.S. auto sales preview: Edmunds.com forecasts September U.S. car sales will increase 8.8% from last year but fall short of the level seen in August. The firm sees Chrysler (FIATY.PK) leading U.S. automakers with a 8.4% gain while General Motors (GM -0.6%) and Ford (F +0.6%) should show more modest growth of 1.9% and 0.7%, respectively. Japanese automakers Toyota (TM +2%) and Honda Motor (HMC +1.5%) are expected to show outsized gains due to the effect of last year's production slowdown, while Nissan (NSANY.OB) is pegged to show a sales dropoff. Most industry watchers still see annual U.S. sales of cars and trucks to come in at around 14.4M-14.5M.