In the US, the retail sales of new vehicles are increasing continuously. September sales are increasing drastically than the sales in August month. With these trends it is found that the US market is found to have more demand for new vehicles. According to the JD power motor sales report on September’s new vehicle sales in the US, JD powers sold out 8,42,400 units whose seasonally adjusted annualized rate (SAAR) value is 10.3m units. Market SAAR value is 10m Units after the April (SAAR value is 10.8m units) month in 2011.
The global forecast report has said that the second week of September has exhibited good performance and the retail sales of new vehicles increased largely. The recovering of the inventory has helped to bring back the buyers into the market.
The light vehicles sales of JD power for September 2011 is expected to be 10,38,700 units which is the more than the previous year sales. SAAR projects its value for the September 2011 as 12.9m units which is more than the August SAAR which of 12.1m units and more than the September 2010 SAAR which is 11.7m units. JD power forecasts the total sales for 2011 as 12.6m units which is an increase of the sales value by 9% from the previous year.