U.S. auto sales recap

U.S. light-vehicles sales hit 1.5M in August to record the best month for the industry since May 2007.

The annual U.S. automobile selling rate in at 16.09M, according to Autodata. The mark topped the estimates of most analysts and shows the sector is set up well with new model introductions arriving this fall amid tight inventory.

A calendar quirk boosted the numbers a bit, but there's no question the pent-up demand of consumers has been unleashed.


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Comments (5)
  • joenjensen
    , contributor
    Comments (701) | Send Message
    Wow I can't believe how quiet it is in here, where did all the negative shorters go? Did they loose their shorts? Maybe their pants too !
    4 Sep 2013, 07:18 PM Reply Like
  • Shelby Cardozo
    , contributor
    Comments (1588) | Send Message
    The US doesn't want to buy light vehicles. Just heavy duty trucks and SUVs right?
    4 Sep 2013, 09:40 PM Reply Like
  • bbro
    , contributor
    Comments (11219) | Send Message
    And we still haven't reached the long term average of car sales to payrolls ratio....more room to run....
    5 Sep 2013, 12:38 AM Reply Like
  • Tdot
    , contributor
    Comments (8688) | Send Message
    The thing is, the US automakers meticulously resized their businesses during the Great Recession for no more than about 16M units at 100+% capacity. Some plants are running at well over 100% capacity, by working around the clock and on weekends.


    At some point it hits a hard "no more", and they would have to spend billions building a new assembly plant, or re-opening a retired one.


    But of course as soon as they do that, because Karma is a b-witch the economy will promptly collapse back to 12M units and they will have to close plants, lay off tens of thousands again, and struggle to avoid going through another round of bankruptcies again.


    This is also why the automakers are working hard to preserve their cash hoards, and not pay out too much out as dividends, nor pay off low interest debt too quickly, and avoid taking on too much new debt to, for example, open more factories.
    5 Sep 2013, 05:17 AM Reply Like
  • cbroncos
    , contributor
    Comments (2913) | Send Message
    This recovery has been very slow and is slowing building up. This make me think that it will last longer than most other rebounds. To re-open a closed factory should not take billions. Maybe only a few hundred millions. That will be made up quickly as the cars and trucks that they make will be sold.
    5 Sep 2013, 10:51 PM Reply Like
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