According to Wards Auto World, the current Seasonally Adjusted Annual Rate (SAAR) for Light Vehicles is 12.5%.
Chrysler’s volume January – September was up 22.9% from 816,824 a year ago to 1,004,123.
That’s a lot of imports from Detroit.
Ford’s volume January – September was up 11.0 %, from 1,419,098 last year to 1,575,699.
GM’s volume January to September was up 16.3% from 1,634,884 a year ago to 1,902,150 by end of September 2011.
The light vehicle market is one of the markets most heavily served by PMPA member shops, and the Big Three mentioned above are particularly important indicators for our industry:
64 % of US production was from these three companies through September.
FYI recent SAAR:
- 2007- 16.1 million
- 2008- 13.8 million
- 2009- 11.9 million
- 2010- 11.55 million
This year’s additional 1.2 million is helping to keep many precision machining shops busy.
Vítor Manuel da Cruz Lapa says:
For me, this information is very grateful, because I know very well the evolution of USA economy. Here, in Portugal, I have the knowledge that are one drop about more or less 22% (average) on the sales of all the marks. I think that is important for the world if the USA economy go up.
speakingofprecision says:
Thank you Vitor. With all the news reporters looking for bad news, we thought this was good news well worth sharing…