8.9 Million September SAAR With 64.8% Of Industry Reporting

Tyler Durden's picture

The Cash For Clunkers party mess cleanup is getting uglier by the minute. From Citigroup:

September Auto Sales Currently Running at an 8.9 Million Unit SAAR (64.8% reporting)

With 64.8% of the industry now reporting, we are seeing a sales rate for September of 8.9 million units SAAR. This lower pace appears to be heavily influenced by the pay back from the cash-for-clunkers program as luxury brands do not appear to be having the same large drop as more utilitarian vehicle makers.

And this is what disastrous government policy looks like when charted: