Despite a spike in gasoline prices, car sales are on track to continue their stable growth, and this September could end up being the best September since 2007.

Gas prices usually put a complete damper on car sales, especially bigger trucks and SUVs. The uptick in sales this month could mean the economy is getting stronger, says industry tracker TrueCar.com, which issued the sales estimate earlier this week. But, like most economic forecast figures these days, the numbers don't paint a perfectly clear picture of what's going on.

TrueCar is forecasting a 10.5-percent increase in sales for September to 1,163,000 units, which translates to a Seasonally Adjusted Annualized Rate (SAAR) of 14.6 million new car sales for the year, up from 13.1 million last September and 14.5 million in August 2012. Nevertheless, TrueCar forecasts that September sales will still be down about 9.5 percent compared with August.

Kelley Blue Book, which also tracks industry sales, says that the dip from August to September doesn't mean the economy is getting weaker – it's just a natural fluctuation in monthly car sales. Consumer demand is slowly picking up, it said. So don't expect sales figures to skyrocket any time soon.

"Even though the lack of big movements in car sales makes for less attractive headlines, the stable growth in sales is a positive for the industry," said Jesse Toprak, Vice President of Market Intelligence for TrueCar.


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    • 1 Second Ago
  • 12 Comments
      Rob J
      • 2 Years Ago
      "Cars need to be built to last!" "NOBODY IS BUYING NEW CARS!" 10 points if you see the ridiculousness in those commonly hear statements.
      • 2 Years Ago
      [blocked]
      Yang Xi Gua
      • 2 Years Ago
      Just because a few rich people buy 20 new cars each for fun then throw them away doesn't mean the economy is getting better.
      AngeloD
      • 2 Years Ago
      From the article: "The uptick in sales this month could mean the economy is getting stronger" No, orders for durable goods plunged 13% in the latest report by the Census Survey: ""New orders for manufactured durable goods in August decreased $30.1 billion or 13.2 percent to $198.5 billion, the U.S. Census Bureau announced today. This decrease, down following three consecutive monthly increases, was the largest decrease since January 2009"" >>http://www.census.gov/manufacturing/m3/adv/pdf/durgd.pdf<< The economy is NOT getting stronger. Every indicator shows that we have been back in a recession since June. Unemployment is only showing a tiny improvement because many people have stopped looking for work and are no longer counted. Real unemployment is, according to the U6 measure which counts those who have given up looking, at 19%. We are still in a depression.
        Steve
        • 2 Years Ago
        @AngeloD
        This has been a very good depression for me. I have had 25k in salary increases over the past 2 years.....
      vegasstyleguy
      • 2 Years Ago
      Cue Obama Haters heads exploding in 0ne.....Two.....Kablooey!
      Toneron
      • 2 Years Ago
      100% political BS. IF there is an increase it is not due to political spending - it is pent-up need. People have been holding off and at some point they can't wait any longer. Attributing this to handing out fake money is foolish - but I am sure commenters will lob hate at me anyway.
        mr.vw
        • 2 Years Ago
        @Toneron
        I think you're dead on regarding money - Look at QE3 go!!! LMAO. Don't buy anything.
      vegasstyleguy
      • 2 Years Ago
      Cue Obama Haters heads exploding in 0ne.....Two.....Kablooey!
      Frisky_Dingo
      • 2 Years Ago
      Pfft. Wish I was in the area they're basing their numbers off of, then. The dealer I work at, and all the ones in the surrounding area are experiencing the worst sales numbers they've had in a while. And it was just all of a sudden with the arrival of September. We were thinking maybe the impending election had something to do with it, but this article would seem to indicate otherwise. Hmm......
        Sir Duke
        • 2 Years Ago
        @Frisky_Dingo
        The US economy is going to slowly and steadily increase. There's a lot of money being held back for political reasons, but after the elections the greedy bastards will have to make a choice. Either we put our money back to work, or we start a bonfire with it. Big money in the US wants Obama out, once they realize that he's not going anywhere, they'll get back into the game. If they don't, a competitor will step in and fill the void.
          AngeloD
          • 2 Years Ago
          @Sir Duke
          Oh, so properity is right around the corner....wait, I seem to recall hearing that phrase before....