US Auto Sales Disappoint

U.S. auto sales fell 4.2% in September from the year-earlier month, Wards Auto is reporting.
Total sales were at 15.34 million at a seasonally-adjusted rate, missing expectations.

Analysts were expecting total sales to fall to 15.80 million units at a seasonally adjusted annualized rate, a drop from August’s 16.02 million figure (Labour Day sales figured were included in August’s figures, not September’s).

Here’s a breakdown (via Bloomberg):

  • Ford: 181,285 total vehicles, up 6% from a year ago.
  • Chrysler: 141,845 total vehicles, up 0.6%.
  • Honda: 105,563 total vehicles, down 9.9%.
  • Toyota: 164,457 total vehicles, down 4.3%.
  • Nissan: 86,868 total vehicles, down 5.5%

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.