auto dealer in black and red logo
MenuMENU
SearchSEARCH

Cars.com Projects Highest February SAAR Since 2008

Cars.com analyst predicts that new-vehicle sales in February will be up 1.1% from a year ago. He also put the industry SAAR at 15.4 million — the highest selling rate since February 2008.

by Staff
February 27, 2014
2 min to read


CHICAGO – As the month comes to a close and automakers prepare to report February’s sales, Jesse Toprak, chief analyst for Cars.com, reported this week that he expects new-vehicle sales to improve 1.1% from a year ago to 1.2 million units. He also put the seasonally adjusted annual rate at 15.4 million, which, if realized, would reflect the highest sales rate since February 2008.

“As the industry continues to gain strength, February car sales have the potential to reach their highest rate in six years,” said Toprak. “The positive impact of the recovering stock market has been dampened by ongoing severe weather conditions; however, year-over-year new-vehicle sales show that the industry is pushing to surpass the mark set in 2013.”

According to Toprak’s analysis, the compact SUV segment is seeing a particularly high increase in demand. “Consumers can’t get enough small SUVs,” said Toprak. “The segment’s market share reached a record high 18 percent this month, up from 15 percent this time last year.”

The analyst also put new-vehicle sales at 1.21 million units, up 1.1 percent from February 2013 and up 19.3 percent from January 2014, while his outlook for February’s selling rate would be up 0.5% from one year ago and up 1% from January if realized.

Retail sales are expected to account for 79.3 percent in February 2014, down 4.2 percent from February 2013.

Unit Sales

Manufacturer

February 2014 Sales Forecast

YoY

MoM

Chrysler Group

146,842

5.6%

15.5%

Ford

181,040

-7.3%

17.9%

GM

214,126

-4.5%

24.9%

Honda

110,805

2.6%

20.9%

Hyundai/Kia

92,263

-1.7%

13.9%

Nissan

107,685

8.1%

19.0%

Toyota

169,565

1.9%

15.9%

Volkswagen

38,208

-15.4%

3.5%

Industry Total

1,205,140

1.1%

19.3%

Market Share

Manufacturer

February 2014 Sales Forecast

Jan-14

Feb-13

Chrysler Group

12.2%

12.6%

11.7%

Ford

15.0%

15.2%

16.4%

GM

17.8%

17.0%

18.8%

Honda

9.2%

9.1%

9.1%

Hyundai/Kia

7.7%

8.0%

7.9%

Nissan

8.9%

9.0%

8.4%

Toyota

14.1%

14.5%

14.0%

Volkswagen

3.2%

3.7%

3.8%

More Auto Finance

Industryby StaffAugust 15, 2024

The Risk When the Customer Is Not in the Dealership

Take this series of steps to help protect your business from fraud by this method.

Read More →
F&Iby StaffAugust 13, 2024

Auto Loan Access Keeps Falling

July conditions tighter for consumers despite average loan rate decline.

Read More →
F&Iby StaffAugust 12, 2024

Dealers Wary of AI in Auto Finance

Poll shows growing aversion to technology’s accelerating part in process.

Read More →
Ad Loading...
Auto FinanceJuly 25, 2024

Is the Death Knell Being Sounded for Dealer Financing?

There appears to be a regulatory target on auto dealer-provided loans.

Read More →
Industryby StaffJuly 24, 2024

Ferrari Calls Cryptocurrency Foray a Success

Carmaker will add the payment options in its European dealerships this month after introducing it in the U.S. last year.

Read More →
Industryby StaffJuly 16, 2024

New-Vehicle Affordability Is Up

June conditions, including best average loan rate in a year, make buying more likely.

Read More →
Ad Loading...
Industryby StaffJuly 12, 2024

Pandemic-Era Prices Affect Trade-Ins

New buyers, especially those with EV trade-ins, are feeling the brunt of depreciation as market normalizes.

Read More →
Industryby StaffJuly 1, 2024

Auto Credit Crunch Tightens

Borrowers taking on more debt, moving many into delinquent territory.

Read More →
Auto Financeby StaffJune 19, 2024

New Cars Within Easier Reach

Affordability metrics improved in May as lending costs ebbed, finances flowed more freely.

Read More →
Ad Loading...
Auto Financeby Hannah MitchellJune 13, 2024

A Good Deal

Rising auto loan delinquencies, though bad news, could be another opportunity for agents to help dealers come down from pandemic highs.

Read More →