Car Sales Recover from Clunker Chaos; Edmunds.com Sees 8.9 Million SAAR in September

SANTA MONICA, Calif. September 9, 2009; Edmunds.com, an online resource for automotive information, has determined that the SAAR (Seasonally Adjusted Annual Rate) for September to date is approximately 8.9 million. Of the vehicles sold so far this month, 3.6 percent are “hold-over” Cash for Clunkers orders that are being delivered.

Edmunds.com CEO Jeremy Anwyl notes, “The industry is still experiencing a depressed level of sales, but we’re seeing modest improvement from week to week. Soon we should surpass the level that the industry was at before Cash for Clunkers launched.”

About Edmunds Inc. (http://www.edmunds.com/help/about/)

Edmunds Inc. publishes four Web sites that empower, engage and educate automotive consumers, enthusiasts and insiders. Edmunds.com, an online resource for automotive consumer information, launched in 1995 as the first automotive information Web site. Its most popular feature, the Edmunds.com True Market Value^®, is relied upon by millions of people seeking current transaction prices for new and used vehicles. Edmunds.com was named "Best Car Research Site" by Forbes ASAP, has been selected by consumers as the "Most Useful Web Site" according to every J.D. Power and Associates New Autoshopper.com Study(SM), was ranked first in the Survey of Car-Shopping Web Sites by The Wall Street Journal and was rated "#1" in Keynote's study of third-party automotive Web sites. Inside Line launched in 2005 and is the most-read automotive enthusiast Web site. CarSpace launched in 2006 and is an automotive social networking Web site and home to the oldest and most established automotive community. AutoObserver.com launched in 2008 and provides insightful automotive industry commentary and analysis. Edmunds Inc. is headquartered in Santa Monica, California, and maintains a satellite office in suburban Detroit.