Best and Worst Car Sales for October 2009
Sales figures for October 2009 show a 4% increase overall compared to the same time last year.
These aren't great numbers, but it's the first time sales have shown an improvement over last year (if you don't include the cash-for-clunkers months of July and August).
Hyundai came out on top with a 49% increase in sales while Chrysler saw its sales plummet 36%. Chrysler seems to be in big trouble - with no redesigned models coming to dealerships soon, traffic and interest are way down.
Some car makers are doing better than others when it comes to clearing out leftover 2009 models. Only 10% of Ford's inventory is 2009 models. This will allow them to forgoe large incentives in order to sell off this inventory. GM has about 50% of their inventory tied up in 2009 models while Hyundai still has about 30%.
One of the worst performing cars last month was the Smart car. Sales dropped 70% compared to the year ago period.
Car makers are trying to do a tight balancing act right now. Overall sales have improved over the last couple of months while car makers have kept inventory tight. If sales keep improving, there could be supply issues for car manufacturers that haven't increased production. On the other hand, if sales take a turn lower in the months ahead, car makers will have too much inventory on hand and will be forced to offer larger incentives.
Here is a list of the top 10 best selling cars for October 2009:
- Ford F-Series: 39,496 sales
- Chevy Silverado: 31,754 sales
- Toyota Camry: 30,136 sales
- Toyota Corolla: 25,717 sales
- Honda Accord: 23,210 sales
- Honda Civic: 15,868 sales
- Honda CR-V: 15,667 sales
- Nissan Altima: 14,773 sales
- Toyota RAV4: 13,971 sales
- Toyota Prius: 13,496 sales
My Recommendation for Car ShoppersTrueCar, Edmunds, and 1-800 Car Show are the quickest way to see the lowest car prices in your area. These sites show you no-haggle prices from dealers closest to you - and the deals are usually really good. This should be the first step you take when negotiating your car price. Follow this up with my checklist to make sure you squeeze out every last bit of savings.
New York Tri-State Residents - Important:There is a new car leasing service called Carvoy, available to NY tri-state area residents, which I recommend you try - especially if you hate the stress of haggling with car dealerships. Carvoy provides pre-negotiated lease deals, calculated with taxes and all fees incuded so you know exactly what it will cost. Here is my list of Best Carvoy deals, updated each month.
- Gregg Fidan
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About: Gregg Fidan
Gregg Fidan + is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.
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