September to Record Highest SAAR Since 2007, TrueCar Predicts
September new-car sales should be up by 11 percent, says TrueCar, which put the annual sales rate for the month at 14.6 million units.
SANTA MONICA, Calif. — TrueCar.com expects new light vehicle sales in September to reach 1.163 million units, a 10.5 percent increase from September 2011 but a 9.5 percent drop from August.
September’s forecast puts the SAAR for the month at 14.6 million new units, up from 13.1 million in September 2011 and up from 14.5 million in Aug. 2012. As for retail sales alone, TrueCar predicts an increase of 7.9 percent vs. September 2011. However, the vehicle information site predicts retail sales will fall 9.7 percent from the prior month.
Additionally, fleet and rental sales are expected to make up 19.1 percent of total industry sales, according to TrueCar. The vehicle information site also put average incentive spending per unit at about $2,468 for the month, which represents a decrease of 6.7 percent from September 2011 and a decrease of 1.2 percent from August.
Estimates for the used-car segment are also promising, with TrueCar predicting sales to surpass 3.4 million, a 5.8 percent increase from Sept. 2011. If realized, however, that total would represent an 11.7 percent decrease from August 2012. The site also estimates the industry to sell one new vehicle for every three used vehicle sold.
“The SAAR range so far this year has been one of the tightest in the recent history, ranging in-between 13.8 and 15.1 million,” said Jesse Toprak, vice president of market intelligence at TrueCar.com. “Even though the lack of big movements in car sales makes for less attractive headlines, the stable growth in sales is a positive for the industry. The stability allows for the right production adjustments and price optimization, resulting in improved profitability.”
Forecasts for the top eight manufacturers for September 2012:
Unit Sales
Manufacturer | September 2012 Forecast | % Change vs. August 2012 | % Change vs. September 2011 |
Chrysler | 137,612 | -7.3% | 8.1% |
Ford | 177,066 | -10.0% | 1.3% |
GM | 212,284 | -11.7% | 2.5% |
Honda | 113,439 | -13.6% | 26.7% |
Hyundai/Kia | 102,283 | -8.0% | 16.7% |
Nissan | 92,349 | -6.3% | -0.7% |
Toyota | 161,201 | -14.5% | 32.7% |
Volkswagen | 48,304 | -8.1% | 31.4% |
Industry | 1,163,000 | -9.5% | 10.5% |
Market Share
Manufacturer | September 2012 Forecast | August 2012 | September 2011 |
Chrysler | 11.8% | 11.6% | 12.1% |
Ford | 15.2% | 15.3% | 16.6% |
GM | 18.3% | 18.7% | 19.7% |
Honda | 9.8% | 10.2% | 8.5% |
Hyundai/Kia | 8.8% | 8.7% | 8.3% |
Nissan | 7.9% | 7.7% | 8.8% |
Toyota | 13.9% | 14.7% | 11.5% |
Volkswagen | 4.2% | 4.1% | 3.5% |
Incentive Spending
Manufacturer | September 2012 Incentives | % Change vs. August 2012 | % Change vs. September 2011 | Total Spending |
Chrysler | $3,256 | 0.9% | -3.1% | $448,124,788 |
Ford | $2,622 | -1.9% | -7.8% | $464,217,015 |
GM | $3,008 | -2.8% | -6.7% | $638,537,566 |
Honda | $2,270 | -6.2% | -2.9% | $257,495,876 |
Hyundai/Kia | $1,294 | 8.9% | 6.8% | $132,378,472 |
Nissan | $2,777 | -3.9% | 1.1% | $256,449,772 |
Toyota | $1,930 | 1.2% | -13.7% | $311,188,913 |
Volkswagen | $2,462 | -1.5% | 29.2% | $118,914,104 |
Industry | $2,468 | -1.2% | -6.7% | $2,870,414,401 |
More F&I

Integrating Nontraditional F&I Products
The niche presents a strategic advantage for auto dealerships as they move to adapt to fast-changing consumer expectations in today’s market.
Read More →
Trust Is Personal
Technology, no matter how efficient, can’t replace what the human F&I manager can do, which is to bridge the divide between cyberspace and the in-store experience.
Read More →
Amplify 2026 Billed as Turning Innovation Into Results
Reynolds and Reynolds says its annual retail summit will connect dealers with practical strategies, peer insight, and technology-driven ideas.
Read More →
Own Your Outcome: F&I in the Digital Customer Journey
Finance has historically been the last step in the car-buying process, but it doesn’t have to be. The customer’s journey starts long before they arrive at the dealership, and so should F&I’s involvement.
Read More →
Tariffs Could Raise Insurance Premiums
As U.S. import tariffs affect repair costs, consumers might find it more affordable to replace a damaged vehicle, according to recent Insurify tariff analysis.
Read More →
Smaller Loans, Longer Terms
The youngest generation of car buyers is more likely to finance less expensive vehicles, more than half of generation Z consumers borrowing less than $25,000.
Read More →
New Lifetime Battery F&I Product Meant to Drive Dealer Traffic
EFG Cos. offering is intended to create lifetime auto dealer engagement with customers.
Read More →
The Psychology Behind Menus That Increase Add-On Sales
There is a science to crafting a menu that gives customers confidence in the choices presented, and moving the process outside the F&I office can further boost results.
Read More →
Why Your F&I PVR Is Misleading You
Here’s a handy checklist of the numbers to track in 2026 instead.
Read More →
Auto Consumer Anxiety Presents Opportunity
A survey of U.S. drivers found the majority are concerned about finances and the economy, but those fears make many ready to buy vehicle-protection products.
Read More →