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Following major auto manufacturers releasing sales data for September, Ryosuke Hosino and Kota Mineshima of Morgan Stanley offered some commentary.
September's U.S. auto sales SAAR (seasonally adjusted annual rate) came in at 16.43 million vehicles, a “major correction” from 17.53 million units in August, continuing a trend of “mixed SAAR trends” in recent months.
According to AUTODATA, the average industry incentive per vehicle in September rose 20 percent from a year ago to $2,974. According to TrueCar, the average selling unit price declined 1.4 percent from a year ago.
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Posted In: NewsRetail Salesauto salesAutodataFordGeneral MotorsJapanese Auto ManufacturersSAARToyotaTrueCar
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