Expect Healthy October Pickup Sales

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Once October numbers are in for U.S. auto sales, we likely will see that sales continued their upswing due in large part to surging demand in hurricane-affected states.

According to Automotive News (subscription required), analysts at forecasting firms expect October auto sales to outpace the monthly sales numbers we've seen in the first half of 2017, likely putting year-end totals — projected to be 17.6 to 17.8 million units. The final tally for 2016 was 17.55 million.

Pickup truck sales should continue to be strong as insurance companies get payouts to clients promptly so they can start cleanup and reconstruction projects with new pickup trucks. The wildcard in all of this will be what the big pickup truck makers do regarding incentive spending. They will be walking a tight line between putting too much or too little money on the hood to sell new pickups.

The end of the year is traditionally a time when incentive spending rises to clear out old stock to make way for newer models, but buying market share with inflated incentives has been a costly strategy for pickup makers in the past and could cut into overall profits.

October sales reports will be out Wednesday.

Cars.com photo by Evan Sears

 

Comments

Yep & Ford F-series will mop the floor with the combined sales of 2 x full size twins from GOVT motors...again :-)

weather related and all the 2018's out or coming out, should be some big discounts on 2017's...
I already bought mine.

I'm thinking the bottom will fall out of the US vehicle market this year.

So, maybe wait a little longer?

There are way too many cheap, long and bad vehicle loans and leases.

These loans and leases are hitting the lowest possible people who can least afford a vehicle.

There are many ex lease vehicles will be hitting the market.

The US economic growth has been revised down by Christine Legarde as well.

Car sales are tanking. Cheaper cars loans were shorter term. Soon SUV, CUV and pickup leases in the same position as car loans due to their longer terms on average.

And Lionel is a big idiot.

@Big Al

Did you (or Christine) predict the killer year that GM stockholders are having? If you did, your poke would be about 40% to the good. But I'm doubting that you did.

You've been predicting the next recession in the US since the last recession. Why are you so down on the US economy, Al?

papajimnii,
First of all, I don't watch Fox News but apparently you do. Barack Obama brought America back from the worst economy from since the great depression. No thanks to you.

Now, what did your comment have in relation to October sales?

I missed that part. So, please re-submit a comment detailing your views on October sales and enlighten us with your knowledge.

I keep looking at the designs of UTV Side-By-Sides, they keep getting bigger and more powerful engines , some even have air conditioning with full enclosed cabs.
Why can't Ford, Chevy, Ram rob from their designs and build something similar that's street legal with dump beds?
I am amazed how the Polaris Ranger has just a sheet metal and 3/4" square tube frame that can handle the abuse of pounding it off-road plus hauling 1000 lbs in the bed where it's lightweight enough you can lift it.
To me the engineering design is amazing

Big Al

Consider eating more brain food.

In case you have not noticed, economic indicators are bullish across the US economy. Consumer spending hit a high in September, along with personal income growth.

You and your BFF Christine L. continue to cry over America's leading role in the world, and it is evidently a tough pill for a Marxist like you to swallow.

I'll be pumped to see continued improvement for pickup and SUV sales. Make America Great Again!

Cant wait to see. I would imagine Ford will be out front. I wonder how Ram did?

Numbers arn't out YET and jonny d is talking smack already well jonny get ready to see ford on the top little fella.

Hahaha hahaha little fella, and besides GARBAGE MOTORS COMPANY AKA (GMC )sucks balls.

So get ready to see some red on the SHAKE AND SOME OTHER JUNKS THAR GOVERNMENT MOTORS HAS. HAHAHAHAHAHAHAHAHAHAHAH.

Big Al, your big jackass...

@Big Al--Eventually the economy will go thru a down turn but I doubt it will happen before the end of the year. It is a good time to buy a new vehicle especially an automobile since the market has been shifting to more trucks, suvs, and crossovers at the expense of cars. There are also a lot of vehicles that have been lost from the hurricanes, fires, and floods this year which should keep the demand for new and used vehicles high for some time. I don't see the factory rebates and discounting on new vehicles going away anytime soon especially with the intense competition from the manufacturers. There are still a lot of 2017 models to clear out. Dealers need to turn that inventory over and make room for the 2018s.

BAFO is just a complete fraud.

Consumer confidence rose again in October 2017; the rating is at the highest level since December 2000. Employment figures are the best since early 2001. Last week the number of new unemployment claims was the lowest since 1973.

@Big Al and @Trucker

This bump in the numbers is NOT about hurricanes. These numbers were dragging their butts in most of 2014, 2015 and 2016 until it became obvious that we would not be suffering through another four years of Dems in the White House. Since then the Dow Industrials index has jumped from the 15-16 thousand range to the breathtaking 23,000 numbers we have today.

Be sure to get a MAGA hat for Christine L

I read today that FCA is going to mfg the new Rams starting in 2018 at the Sterling Hgts factory while continuing a shift making the old style at the Warren factory. Selling both simultaneously will allow buyers to select based on desire for the 2019 or enjoy big discounts on the old style 2018. tooling/equipment and RD&A is fully amortized so they're able to make big discounts. GM should think about doing the same thing with their 2019 intro so close. either way big discounts will continue long into 2018 beyond the hurricane effect.

GM should think about doing the same thing with their 2019 intro so close. either way big discounts will continue long into 2018 beyond the hurricane effect. Posted by: Mike | Oct 31, 2017

@mike

Oh don't worry. They will. Back in 2006 GM sold the old Silverado and called it the "classic." I think Ford does this stuff too.

Papa, wrong again. Look up the numbers for the DOW during the last two administrations, (real Presidents by the way not like the joker in now). If the so called 'suffering' happened with the Dems, what do you call the last few years with GW. The trend from 2008-2016 was consistent and profitable for all. This current trend unfortunately will probably mirror the trend from GW's term. Must be great to live in a vacuum!

Back to the topic at hand, don't look for heavy incentives if the numbers for trucks do as expected. Transaction prices per unit will be higher than ever. It's what is keeping the car side of the business afloat. They can't afford to put much on the hoods without the car side rebounding.

Expect Ford to lose more ground to GM and Ram in October, that's what the title should say.

Expect GM to lose more ground to Ford and Ram in October, that's what the title should say.

My buddy is the GM at the biggest dealer network in Texas. He said they won't be surprised if Ford breaks a monthly truck sales record for October....

Expect more copy and paste comments from angry Ford girls, as GM and Ram keep out performing Ford in truck sales. :)

Look up the numbers for the DOW during the last two administrations, If the so called 'suffering' happened with the Dems, what do you call the last few years with GW. Posted by: Noco teddy | Oct 31, 2017

@Noco Teddy

I'm doing you a favor. You referred to the period from 2008 to 2016 as profitable. You forgot to mention the worst recession since World War 2.

Regarding the last 2 years of George Bush as president? You picked the wrong fight.

The Democrats ran the US House and Senate for both of those years 2007 and 08.

Harry Reid was majority leader and Nancy Pelosi was speaker of the House.

Two of the least popular figures in the history of the Congress. Any wonder the stock market crashed? During the crash of America's once vibrant real estate market DEMOCRATS were running Fannie Mae and Freddie Mac. All but ran that into the ground as well.

Look it up.

These numbers were dragging their butts in most of 2014, 2015 and 2016 until it became obvious that we would not be suffering through another four years of Dems in the White House Since then the Dow Industrials index has jumped from the 15-16 thousand range to the breathtaking 23,000 numbers we have today.


Posted by: papajim | Oct 31, 2017 11:56:01 AM

Notice I spoke directly to your comments about ‘four years of Dems in the White House’. Just like normal you deflect and try and make your comments more plauseable. Nice try.

“Two of the least popular figures in the history of the Congress. Any wonder the stock market crashed? During the crash of America's once vibrant real estate market DEMOCRATS were running Fannie Mae and Freddie Mac.”
Posted by: papajim | Oct 31, 2017 11:56:01 AM

If you think the recession was caused by this, you need to reread history. Here is a bit of data that puts an end to your rant.
https://www.forbes.com/sites/stevedenning/2011/11/22/5086/#552b7014f92f
As you to like to say, show a little respect.... for the administration that pulled us out of the “worst recession since World War 2.”

@Noco Teddy

You can have your opinion if you like. Please dispute a single fact I referenced in my previous message.

While you're busy with that here are a few more.

1. The 44th president doubled the US debt during a 2-term presidency that failed to generate average GDP growth greater than the historical norm of 3%
2. during that administration the US Federal Reserve maintained an extended period of interest-rate easing unlike any in history, yet very little economic growth occurred respective to historical norms.
3. during that administration the president's own party suffered historical losses of governorships, senate and house seats, and mayoral wins.
4. during that administration the US suffered historical setbacks abroad, to such an extent that our friends no longer trusted us and our enemies failed to respect us.
5. during that administration the president was caught wiretapping hundreds of Associated Press reporters, an unprecedented act of spying on the press.

I can go on but it's late and I think this will keep you busy for a while.

Papa,
Last chance to be honest.
Your comment, "Since then the Dow Industrials index has jumped from the 15-16 thousand range to the breathtaking 23,000 numbers we have today."
Is wrong and your other points misleading. I know you don't like to admit to that but that is what happened.
This is the DOW for dates related to the recent election cycles.
Black and White.

Nov.7, 2008. 8,943.81
Jan. 20, 2009, 7,949.09
Nov. 7, 2016. 17,888.28.
January 20, 2017, 19,732.40

The DOW is above 23,000, we will see if that is sustainable. I hope so. But I also hope you can grow a little and be successful with your life and admit you were wrong.
Coming out of a recession with a140% DOW gain could not be called suffering.

Read more: Where was the Dow Jones when Obama took office? | Investopedia http://www.investopedia.com/ask/answers/101314/where-was-dow-jones-when-obama-took-office.asp#ixzz4xInkAa5D

Until you can move on with reality, even if you don't like it, it's pointless for me to try and help. It's up to you.

Now as far as trucks go, anther stellar month just as the article heading stated. Great news for all of us.

@Noco Teddy

Don't disparage my honesty! You don't have the right. Second, who lets you pick the dates?

Wall Street (an Main Street) panicked in the summer of 2008 because it became obvious that a 1980s commie-sympathizing Harvard professor was about to be elected president. Huge layoffs, trillions in cash moving to havens off shore. Commodity prices crashed.

Compare that to November 2016. In the first few hours after the results were first announced, futures traders who had already programmed their computers for Bear Conditions pushed the futures index so low in the overnight markets that alarms were going off.

By morning the next day, November 8 the markets started to roar and they've been red hot ever since. Last week it was announced that the S&P500 sustained its longest period of growth without volatility since they started keeping stats.

Try to educate yourself about the phase we're in right now. it's a glorious time to be an American.

Papa,
I certainly have the right to call you out when you present falsehoods as facts.

So whatever. You had a chance for growth and you let it get away......

You lie!



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