Find a Car

October Auto Sales Looking Bullish, But Real Recovery Still Distant

Follow Bengt

2011 Chevrolet Cruze (Courtesy: GM)

2011 Chevrolet Cruze (Courtesy: GM)

Enlarge Photo
For much of this year, automakers overall have become smarter about controlling inventories and slowing production to match still-tepid demand at dealerships. But it looks like some assembly plants are (or will be) roaring back to capacity for a while: A number of new 2011 models, such as the Chevrolet Cruze, Chevrolet Volt, Ford Explorer, Ford Focus, and Dodge Durango will stoke a strong U.S. production recovery in coming months, predicts J.D. Power and Associates.

J.D. Power is predicting new-vehicle retail sales of 756,030 units in October—that's 17 percent higher October 2009—with total vehicle sales (including fleets) at 922,700 units,

But while those new vehicles might be poised to sell well initially, the market as a whole will continue to sputter into next year.

"Despite the drag from high unemployment and lower incentive levels, improvement in the automotive market continues in Octover, suggesting that consumers are discounting the negative sentiment," said Jeff Schuster, J.D. Power's executive director of global forecasting.

Power predicts that production levels will stay strong in 2011—up one million units, to 12.7 million—which indicates that the auto industry believes that a recovery is underway.

But if there's a recovery happening, it's weak. Next year's sales are currently predicted to be 10.5 million units retail and 12.9 million units total. Power just adjusted those numbers down (from 13.2 million).

[J.D. Power & Associates]

Follow Us

Comments (2)
  1. I have to say the experst keep saying it is a recovering ecomomy. I thinki it is being optimistic to be honest. I wouldn't call it recovering just yet.

  2. What's going on over there in the US?? Here in Australia car sales are at their highest levels in history.

Commenting is closed for old articles.
Try My Showroom
Save cars, write notes, and comparison shop with hi-res photos.
Add your first car
Take Us With You!
Related Used Listings
Browse used listings in your area

© 2015 The Car Connection. All Rights Reserved. The Car Connection is published by High Gear Media. Stock photography by izmo, Inc. Send us feedback.