The big US carmakers crushed it in September.
According to Autodata, auto sales rose at an annualized pace of 18.17 million during the month, a 10-year high.
Analysts had forecast that overall auto sales increased at an annualized pace of 17.6 million.
“If market volatility was having an impact on consumer spending behavior, we would expect them to hold off on the purchases that can be easily delayed, like cars and homes,” wrote Neil Dutta at Renaissance Macro in a note. “No sign of that happening yet.
Here’s the updated scoreboard:
- Fiat Chrysler:+14%(14% expected)GM: +12.5% (9.3% expected)Ford: +23% (+19% expected) Nissan: +18% (13% expected) Toyota: +16.2% (16% expected) Honda: +13% (13% expected) Volkswagen: +0.6% (-6.7% expected) Porsche: +22.7% Hyundai America: +14.3%