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J.D. Power and Associates Reports: September Retail Sales Drop as Effects of Expected Post-CARS Payback Are Compounded By Additional Market Factors.

Publication: PR Newswire
Publication Date: 24-SEP-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
WESTLAKE VILLAGE, Calif., Sept. 24 /PRNewswire/ -- September new-vehicle retail sales are expected to come in at 590,000 units, which represent a seasonally adjusted annualized rate (SAAR) of 7.5 million units, according to J.D. Power and Associates, which gathers real-time transaction data from more than 8,900 franchisees across the United States.

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"Low inventories and reduced incentives, combined with the effects of CARS pull-ahead sales, spell tough conditions for September," said Gary Dilts, senior vice president of global automotive operations at J.D. Power and Associates. "September's retail SAAR is projected to be the lowest selling rate in 2009. However, improving consumer confidence and credit...

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