J.D. Power and Associates Reports: Despite Weakening in the Fourth Week, September New-Vehicle Retail Sales Remain Robust

WESTLAKE VILLAGE, Calif., Sept. 30 /PRNewswire/ -- After a strong start, new-vehicle retail sales in September have leveled off in the last week of the month, with the selling rate expected to come in at approximately 9.4 million units, according to J.D. Power and Associates, which gathers real-time transaction data from more than 8,900 retail franchisees throughout the United States.

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"Consumers continue to grapple with high unemployment levels, a weak housing market and higher vehicle prices," said Jeff Schuster, executive director of global forecasting at J.D. Power and Associates. "However, even with the weaker-than-expected close to September, retail volume has improved from recent levels and the recovery continues to progress slowly."

For total sales, the seasonally adjusted annualized rate (SAAR) is expected to come in at approximately 11.5 million units, with fleet sales accounting for 20 percent of the month's sales.

J.D. Power and Associates will be tracking new-vehicle sales as they are announced by auto manufacturers on October 1 and will have automotive analysts available for both print and broadcast interviews after 8:00 a.m. E.T./5:00 a.m. P.T.

About J.D. Power and Associates

Headquartered in Westlake Village, Calif., J.D. Power and Associates is a global marketing information services company operating in key business sectors including market research, forecasting, performance improvement, Web intelligence and customer satisfaction.  The company's quality and satisfaction measurements are based on responses from millions of consumers annually.  For more information on car reviews and ratings, car insurance, health insurance, cell phone ratings, and more, please visit JDPower.com. J.D. Power and Associates is a business unit of The McGraw-Hill Companies.

About The McGraw-Hill Companies

Founded in 1888, The McGraw-Hill Companies (NYSE: MHP) is a global information and education company providing knowledge, insights and analysis in the financial, education and business information sectors through leading brands including Standard & Poor's, McGraw-Hill Education, Platts, and J.D. Power and Associates. The Corporation has more than 280 offices in 40 countries. Sales in 2009 were $5.95 billion. Additional information is available at http://www.mcgraw-hill.com/.  

SOURCE J.D. Power and Associates

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