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Archive for the ‘Sales’ Category

Cadillac Exposed!

Here's how brand boss de Nysschen plans to use a new fleet of cars, crossovers and EVs to double U.S. and Chinese sales and even – finally – crash Europe. Exclusively on TheDetroitBureau.com.

by on Apr.06, 2018

Cadillac President John de Nysschen had two big intros in NY, including the CT6 V-Sport.

Cadillac is covering both ends of the spectrum at this month’s New York International Auto Show, offering up both the new entry-luxury XT4 sport-utility vehicle, as well as a high-performance version of its flagship sedan, the new CT6 V-Sport.

The two mark the start of an unprecedented product roll-out that, Cadillac President Johan de Nysschen announced during a NYIAS news briefing, will add 11 models to the brand’s line-up by 2021. But that’s only a glimpse at what’s actually coming, the South African-born executive revealed in an exclusive interview with TheDetroitBureau.com.

The Last Word!

Long positioned as “the standard of the world,” Cadillac fell off its perch in the 1990s, dethroned by high-line European and Asian imports like Lexus, BMW and Mercedes-Benz. It’s had a few false starts in its bid to regain its former glory. But de Nysschen has put in place a do-or-die strategy that is aimed at more than doubling Caddy’s global volume with a mix of new products, advanced powertrains and a new approach to sales and service. Much will depend on the booming Chinese luxury market, but the Caddy chief is also determined to take on key rivals in their home, European market.

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Fiat Chrysler Spinning Off Magneti Marelli Parts Business

Latest move by CEO Marchionne to “purify” automaker’s portfolio.

by on Apr.05, 2018

FCA CEO Sergio Marchionne wants to "purify" the company by focusing solely on its core operations.

Fiat Chrysler Automobiles plans to spin off its nearly century-old parts-making operation Magneti Marelli a move that is part of CEO Sergio Marchionne’s strategy to “purify” the Italian-American automaker’s focus on automotive manufacturing.

The spin-off will follow earlier divestitures of FCA’s truck and tractor operations, CNH Industrial, and supercar brand Ferrari.

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Business News!

“The (latest) separation will deliver value to FCA shareholders, while providing the operational flexibility necessary for Magneti Marelli’s strategic growth in the coming years,” Marchionne said in a statement. “The spin-off will also allow FCA to further focus on its core portfolio while at the same time improving its capital position.”

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3 Familiar Models May Vanish as Sales Shift to SUVs

Ford Taurus exiting for a second time, along with Fiesta and Chevy Sonic.

by on Apr.05, 2018

The Taurus is one of two Ford models that are expected to be dropped over the next few years.

March saw an even bigger surge in demand for SUVs, CUVs and other light trucks but, according to industry data, sales of sedans, coupes and hatchbacks continued to decline – an ongoing trend that is expected to lead to the demise of a number of once-popular passenger car models, including Ford’s big Taurus and subcompact Fiesta, as well as the little Chevrolet Sonic.

And even more passenger car models could be on the way out, according to industry sources, even as manufacturers move to expand their light truck portfolios to take advantage of one of the biggest market shifts in decades.

Product News!

“I think we’re going to see some contraction in passenger car nameplates,” said Stephanie Brinley, principle automotive analyst at IHS Automotive. “That’s not to say they’ll go away. Some people still like them….but there’ll be some rationalization over time.”

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US Autos Shake Winter Sales Doldrums in March

Sport-ute lead the way to spring sales jump.

by on Apr.03, 2018

Americans went out and bought new cars and especially sport-utes in March.

The auto industry broke out of its winter doldrums during March as General Motors, Ford, Fiat Chrysler, Toyota and Volkswagen all reported sales increases and for now set to rest fears that sales of new vehicles were beginning to fade.

GM, which also announced it would no longer report sales on monthly basis, reported its car, crossover and truck deliveries in the United States in March increased 16% year over year, driven by Buick’s best March since 2004, Chevrolet’s best March since 2007 and Cadillac’s best March since 2014. It was GMC’s best March in the brand’s history.

Sales News!

“March was an exceptional month for us. A growing economy and strong new products helped us execute a very successful plan to conquest customers from other brands,” said Kurt McNeil, U.S. vice president, Sales Operations. “Once customers purchase a GM product, they tend to stay in the family as we deliver an award-winning ownership experience that is hard to beat.” (more…)

GM to Stop Reporting Monthly Sales Numbers

“Not enough time to separate” trends from fluctuations.

by on Apr.03, 2018

Car sales can see big short-term fluctuations that don't really reveal long-term trends, GM says.

General Motors will stop reporting monthly sales numbers in the U.S., China and Brazil, three of its largest markets, the automaker announced Tuesday, saying that it does not believe the numbers provide an accurate snapshot of what is happening in the automotive market.

The largest Detroit-based automaker will continue to provide monthly data to industry associations and government agencies, as well as the U.S. Federal Reserve, but will ask that the data not be released to the public or media. The move could trigger other manufacturers to follow suit, though analysts and investors could also seek other sources for the information.

Industry News!

“Thirty days is not enough time to separate real sales trends from short-term fluctuations in a very dynamic, highly competitive market,” Kurt McNeil, U.S. vice president for sales operations said in a statement.

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Analysts Slowly Raising Yellow Flags

Possibility of trade wars plants seed of doubt about auto sales.

by on Mar.30, 2018

The auto industry is expecting a strong sales year in 2018, but analysts warn a trade war could derail that.

The atmosphere around the New York International Auto Show was fizzy and upbeat with the industry firmly believing it’s heading for another strong year in 2018, but there are some caution flags flying as well.

Nariman Behravesh, chief economist for IHS Markit, told the annual Auto Forum co-sponsored by National Automotive Dealers Association and J.D. Power that the outlook for growth remains strong and stable and the industry should expect to benefit the improvements in consumer sentiment that the economy has spawned.

Industry News!

However, anxiety about a trade war is perhaps the biggest worry on the horizon, added Behravesh, who said he hopes battles about trade could be avoided. “Tariffs hurt us more than they do the Chinese,” he said. (more…)

Volvo’s Subscription Service Off to Fast Start

Program's already surpassing expected results.

by on Mar.29, 2018

Volvo CEO Anders Gustafson and Heith Rogers talk as Rogers signed up for Care by Volvo.

Volvo Cars new subscription service that kicked off by offering the XC40 is already succeeding.

Anders Gustafsson, president and CEO of Volvo Cars USA, said during the company’s press conference at the New York International Auto Show that the company’s new subscription service launched with the introduction of the new XC40 is already off to a promising start.

Stay Plugged In!

Volvo expected subscriptions, where customers pay one flat price, to account for about 10% of XC40’s total sales. “We’ve already hit that,” he said. In addition, Volvo customers can now sign up for a subscription through Apple Pay. (more…)

Audi’s Bringing Sport-y Back With New RS 5 Sportback

German premium brand looking to compete with M-class and AMG models.

by on Mar.29, 2018

Audi is looking to compete with BMW's M-class and Mercedes' AMG brands with the new Audi Sport lineup, including the RS 5 Sportback.

Audi Sport, Audi’s high-performance line, launched its latest RS model – the Audi RS 5 Sportback – during the press days for the 2018 New York International Auto Show.

The RS 5 Sportback offers a balance of high design and driving dynamics and is scheduled to go on sale in the second half of 2018.

Product News!

It’s latest model in the Audi Sport family, which was re-organized and re-branded last year to compete more directly and effectively with other German performance marquees, such as the BMW M-class series and Mercedes-Benz’s AMG Division. (more…)

GMC Adding “Black” Models to 2019 Offerings

Diversity within brand keeps GMC ahead of competition.

by on Mar.27, 2018

GMC is expanding offerings for its premium SUV lineup with the 2019 Acadia (left) and Terrain Black Editions.

GMC has already made its collection of Denali vehicles one of the most successful sub-brands in the industry.

Now GMC plans to add some new wrinkles by adding two new “Black Editions” that build on the success of the Denali with some additional features to its premium line-up.

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The Black Editions of the Terrain and the Acadia for 2019 expound on the bold road presence that defines both SUVs with muscular, sculpted exteriors. (more…)

Jeep, VW Poised to Launch New Pickups — Maybe in NYC

Could two new concepts debut this week in New York?

by on Mar.26, 2018

The Jeep Sandstorm concept is going to the annual Easter Safari — it's a truck.

Everyone knows pickup trucks are a big deal and a couple of new ones from Jeep and Volkswagen are apparently coming closer to reality.

First off is the Jeep pickup truck built off the new Jeep Wrangler platform. Fiat Chrysler Automobiles N.V. officials confirmed that the Jeep pick-up truck was under development a long time ago. In fact, FCA CEO Sergio Marchionne predicted Jeep could sell as many as 100,000 annually once production gets rolling.

News Now!

But up until now FCA has been a little vague about when it might actually enter the showrooms. (more…)