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September shaping up to be strong month for vehicle sales

Posted on Wednesday, September 24, 2014 at 9:34:57 AM

This September is on track to be a great month for new vehicle sales, as industry reports show that consumers are out in force looking for affordable auto financing and great deals.

According to TrueCar, the seasonally adjusted annual rate, or SAAR, has reached 16.4 million new vehicles in September. This year's annual sales forecast is also at 16.4 million units. When it comes to new light vehicles only, sales are up 9.7 percent on a yearly basis.

"We expect another strong month for the industry with the best September since 2007," said John Krafcik, president of TrueCar. "Incentive spending has tapered off from August, a month where we found increases attributable to shifts in segment mix, model year clearance and holiday events. September incentive spending and transaction price growth are at healthy levels."

If you are interested in buying a car this fall, make sure you take the right steps in advance. According to CNN Money, you must first determine the value of your existing vehicle, should you want to trade it in, and then decide how you want to proceed. You can go new or used, or lease it or buy it - analyze your finances and choose which strategy makes the most sense for you.