Seeking Alpha

September U.S. auto sales preview

  • Auto sales in the U.S. are expected to post the first year-over-year decline in 28 months, but the industry is far from panicked.
  • A calendar quirk had the Labor Day weekend included in sales tallies for August and September will have two fewer selling days than a year ago.
  • Kelley Blue Book projects a seasonal adjusted selling rate of 15.2M units for the month.
  • What to watch: A far better tell on the direction of U.S. auto sales is the steady stream of reports of vehicle shortages due to hot demand.
  • Related stocks: GM, F, TM, FIATY.PK, HMC, NSANY.OB, TSLA, VLKAY.PK, DDAIF.PK, HYMLF.PK, BAMXY.PK, KIMTF.PK, VOLVY.PK, MZDAY.PK, MMTOF.PK, FUJHY.PK, FUJHF.PK
  • Related ETFs: CARZ, VROM
Comments (1)
  • Tdot
    , contributor
    Comments (3463) | Send Message
     
    As previously stated, it seems really stupid and disingenuous to have included Labor Day weekend sales (Sept 1 & 2) in August sales and then brag that August sales were up an extra 7%; and then turn around and fuss that September sales will be hurt by 7% because it is missing two big Labor Day sales days.

     

    The whole point of SAAR was to filter out the eccentricities of the calendar and the number of sales days in each month.

     

    Automakers should report the total sales in the calendar month, and the average number of vehicle sales per day in the month, when calculating month over month and year over year sales differences. None of this screwing around with the calendar and placing September 1 and 2 in August instead of September where they belong.
    30 Sep 2013, 01:21 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|