qr-play-store play store

October could be the second best month of the year for new-car sales

26 Oct 2017
No comments
656 views
October could be the second best month of the year for new-car sales

The second best month of 2017 for U.S. new-vehicle sales goes for October, thanks to the surging demand in states recovering from hurricane damage, though volume is projected to fall slightly from the same month last year.

 

 

Forecasts call for a 2 to 4 percent decline in industry sales this month. They estimate the seasonally adjusted, annualized selling rate will be 17.6 million to 17.9 million. While that's a drop-off from September's rate of 18.6 million -- which was the sixth-highest ever -- it would be well above the industry's sales pace in the first half of the year. Incentives have risen to 11 percent of average transaction prices -- "an indicator that new-vehicle demand is still contracting, and production cuts could be on the horizon to prevent oversupplies." Discounts are all but certain to rise further in the coming months, as automakers roll out year-end promotions that typically start in the next few weeks and stretch into early January.

 

 

Sweeter deals could help draw consumers who had delayed making a purchase because of the hurricanes back into the market, in addition to others who have been on the fence about buying. Automakers are scheduled to report October car sales on Wednesday.

0 1
Comments:
No comments found
Leave a comment
  • Jaw-dropping deals this Spring at RepoKar
    27 Feb 2017

    Spring is right around the corner! With melting snow comes rising car sales. Longer days and brighter sunlight mean it’s the season to think about the best used cars for spring; vehicles that allow you to appreciate blue skies, while getting a head start to summer. The sooner you decide on your dream car, the greater the possibility of finding the best deals.  At RepoKar, we want to be sure that you've got everything you need to start the season fresh with a smile on your face. That’s why we’ve prepared amazing, hassle free used cars, trucks, and SUVs for our fr...

    4 4
    632
    1174009 views
  • Buy a car at RepoKar this Winter
    25 Nov 2017

    With winter on its way, the roads can be dangerous because it dries slower and road visibility as well as battery failure can also be hazardous. It’s time to start thinking about how you can make your daily drive safer and stress-free. That doesn’t necessarily mean you should buy an SUV or crossover to survive the season. Plenty of sedans and wagons provide qualities that can keep you safe in sleet and snow. These medium-sized vehicles also help you save at the pump! But what actually matters here is choosing the right place to buy a car from. There are several options on the marke...

    0 0
    732
    181933 views
  • Diesel Cars VS Electric Cars
    17 May 2019

    Between loyal customers and car dealers lie an important dilemma that begs for an answer - What is the future of diesel cars and electric vehicles? Today at RepoKar, we are ready to tackle this predicament.Auto manufacturers and the combustible industries have often mentioned the idea that electric cars are worse for the environment than diesel and gasoline-powered vehicles because they are powered by dirty electricity.If we want to talk about fuel efficiency, noise pollution, and air quality, then EVs are clearly the outright winner. But if we're talking about torque or initial price, the...

    0 0
    1204
    13508 views
  • Fire Risk: BMW Recalls 185,000 Cars TODAY
    19 Apr 2019

    The recall expansion covers 3 Series, 5 Series and Z4 models from the 2006 model year. The problem has been traced to irregularities in the manufacturing process that could allow moisture to occur near the PCV valve heater and lead to a short circuit. The PCV valve is an emissions device that keeps pollutants created by an engine from being released into the atmosphere. It also helps keep the engine oil clean and prevents crankcase pressure from building up. BMW warns its customers to stop driving the vehicle if there is smoke coming from the engine, or if the driver smells smoke or plast...

    2 2
    12
    3730 views
Search on the blog
Find us on

Last added auctions

2012 Ford ESCAPE
12053 views
19 photos
3,400.00
No bids
2012 Nissan MURANO
12673 views
13 photos
3,500.00
No bids
2000 Honda CR-V
12100 views
12 photos
1,200.00
No bids
2012 Mazda MAZDA3
10423 views
16 photos
2,500.00
No bids