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National Press Release
 | The Society of Automotive Analysts Addresses This Burning Question: Is the August Improvement in U.S. New Vehicle Sales a Temporary Spike, or the Start of a Substantial Recovery? - The Jury is Still OutPublished 2009-09-01 18:20By Society of Automotive Analysts |
DETROIT, Sept. 1 /PRNewswire-USNewswire/ -- August new vehicle sales results provided a bright spot in a heretofore dismal year, but whether this is the start of a positive trend or merely a temporary spike followed by a downturn remains to be seen, according to the Society of Automotive Analysts (SAA), a leading U.S. organization providing insights and analysis of the global automotive industry.
"To me, the jury is still out on 'Cash for Clunkers.' Only after September and October will we know the overall, net impact of the program. Historically, these major spikes in consumer demand created by one-time incentive programs have been followed by similarly major troughs, resulting in marginal long-term benefits. We'll see," said Tom Libby, SAA president.
Laurie Harbour-Felax, SAA vice president and president, Harbour Results Inc., said, "It remains to be seen whether 'Cash for Clunkers' was the jump start the industry needed or whether it just pulled ahead future sales, but for a period of time it appears to have helped many suppliers see some volume for the future. People are feeling the uptick but how long will it really last, no one can say for sure."
Mike Robinet, Vice President of CSM Worldwide and a member of the Board of Directors of the Society of Automotive Analysts, agrees with his colleagues. "The success of the 'Clunkers' program quickly drew down inventories of many offerings which are in the process of currently being rebuilt. At issue is how far the market will fall through the balance of the year due to sales pulled forward and the continued economic roadblocks facing the consumer."
About the Society of Automotive Analysts
The Society of Automotive Analysts (SAA) is the leading U.S. organization in providing insights and analysis of the global automotive industry. SAA is dedicated to providing outstanding educational programs and superior networking opportunities to its members. SAA offers conferences, programs, its website and other forums in which to discuss, debate, and learn about a broad variety of subjects and timely industry issues. With a membership of over three hundred industry professionals, SAA holds some six meetings annually at which various facets of the automotive industry are reviewed and analyzed.
SAA's Board of Directors includes four respected automotive industry analysts who can be reached at the following e-mail addresses for additional comments:
Tom Libby: TGLibby@AOL.com
Laurie Harbour-Felax: LHarbour@HarbourResults.com
Michael Robinet: MichaelRobinet@csmauto.com
Rebecca Lindland: Rebecca.Lindland@globalinsight.com
SOURCE Society of Automotive Analysts
