Autos Sales Projected Down 13% in September, But There's Good News for Buyers
Understanding September's Auto Sales Drop
Autos sales in September 2024 are estimated to be 960,500 units, marking a 13.2% decline from September 2023's sales of 1,129,659 units.
Reasons Behind the Decline
This decrease is largely attributed to the timing of Labor Day weekend which intersects with sales calendars in ways that may confuse traditional metrics. Auto sales periods often do not align with normal calendar months.
- 23 selling days were available in September 2024.
- Compared to 26 selling days in September 2023.
When adjusted for the number of selling days, the decline narrows to just 1.8%, offering insight into the shifting dynamics at play in the auto industry.
With the changing landscape of autos, buyers may find new strategies emerging in their favor despite the headlines suggesting a downturn.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.