We’ll begin this week with the latest round of monthly sales results, which will include the quarterly numbers from General Motors, Toyota and others.
For the first time in several months, the early estimates suggest automakers will bring good news to the table, showing increases on a year-over-year basis.
Analysts at JDPower and LMC Automotive believe retail sales will be up 5.4% for September. Overall sales, which comprise retail, fleet and commercial sales, are expected to be up even higher at 11.8 percent.
The improved totals are good news, but we’ll also be keeping an eye GM and Toyota’s figures. Last year, Toyota outsold GM in the third quarter as well as for the year to date.
However, Cox Automotive predicts things will return to historical norms with GM outselling Toyota during this year’s third quarter and for the year-to-date. The Detroit-based auto company’s expected to post a more than 20% jump in sales for the quarter, while Toyota endures about a 9% drop. Both, however, are down on a year-over-year basis.
In addition to writing about how many vehicles were sold, TheDetroitBureau.com will be traveling to check out some of the latest new offerings, including the 2023 Kia Niro and the now-U.S.-built Volkswagen ID.4 all-electric SUV.
Also we spoke with GMC officials last week about the newest iteration of the GMC Sierra HD and on Thursday at 9 a.m. we’ll tell you all about the 2024 model, which comes out just a week after the Chevrolet Silverado HD.