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Archive for the ‘Monthly Results’ Category

Trucks, SUVs Pull in December Buyers Giving Industry Big Boost

Strong final month pushes auto sales past last year's numbers.

by on Jan.03, 2019

Sales of the Jeep Wrangler helped push Fiat Chrysler to a 14% sales increase in December.

Fiat Chrysler Automobiles continued to post strong sales numbers during December as it finished 2018 on a high note, while rivals General Motors, Ford and Toyota reported sales declines despite a heavy marketing push during the holiday season.

FCA enjoyed a 14% sales increase for month, while Ford reported an 8.8% drop and Toyota sales fell by 1.1%. Nissan Group reported a 7.6% increase and American Honda reported a 3.9% increase in December as sales of trucks, crossovers and SUVS. continued to drive the new vehicle market.

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For example, the Jeep Wrangler notched record December sales of 19,800 vehicles and full-year sales of 240,032. The results significantly exceeded the former full-year sales record of 202,266 set in 2015.  (more…)

GM Blows Past 200K in EV Sales Triggering Tax Credit Drop

Company hit the mark in Q4 2018, meaning cut coming in April 2019.

by on Jan.02, 2019

Sales of the Chevy Bolt rose 3.5% in the first half of 2018, and that helped push GM past the 200,000-unit mark in the fourth quarter of 2018.

Just as Tesla Inc. cut $2,000 off the price of all of its vehicles to help offset the loss of the $7,500 federal tax credit, General Motors is now in the same position after crossing the threshold just as it headed into 2019.

According to Reuters, the company reached the milestone – which began with sales in 2010 – at some point during the fourth quarter of 2018. Now buyers of GM-produced electric vehicles will only be able to get the full credit until April, at which point it will drop to $3,750. After another six-month period, it will fall again in October to $1,875.

All Charged Up!

That will last until April 2020, after that – barring some sort of new legislation from Congress – the credit disappears. The company knew it was closing in on the target this fall as it began to lobby members of Congress to extend the credit for EV buyers. (more…)

Tesla Misses Sales Target, Cuts Prices – And Investors Are Not Amused

Company cuts prices $2K to offset drop of $7,500 tax credit to $3,750.

by on Jan.02, 2019

Tesla shareholders aren't entirely thrilled with the company's 2018 results and the stock price reflects it.

Tesla’s New Year is off to a shaky start, investors driving down its stock price while fretting about the company’s unexpectedly weak fourth-quarter sales and the potential hit the carmaker will take in 2019 as it watches its federal tax incentives phase out.

It wasn’t all bad news. Tesla’s total 2018 sales nearly matched what the company had delivered in all previous years combined, and after suffering through what CEO Elon Musk had once described as “production hell,” the Tesla assembly plant in Fremont, California, appears to be humming along. But deliveries during the final three months of 2018 fell about 1.5% below analysts’ expectations. And now, Tesla has to worry about what will happen as the $7,500 tax credits offered by the federal government begins to phase out.

Business News!

“We are taking steps to partially absorb the reduction of the federal EV tax credit (which, as of Jan. 1, dropped from $7,500 to $3,750),” Tesla said in a statement, adding that, “Starting today, we are reducing the price of Model S, Model X and Model 3 vehicles in the U.S. by $2,000.” (more…)

Year-End Turmoil Puts New Car Sales to the Test

Political fighting potentially slows new car sales.

by on Dec.26, 2018

The Christmas season means good cheer and good deals on new vehicles making it the second-best month for sales.

The final week of 2018 could offer some critical signals both for future car sales and the future course of the U.S. economy, which has been rattled by tumbling stocks and noisy political fights about the independence of the Federal Reserve Board and the government shutdown triggered by a bitter partisan fight over funding for President Donald Trump’s border wall.

During the last two decades, December has become one of the busiest months of the years for new vehicle sales. Manufacturers have packed have been advertising year-end deals since before Thanksgiving, and carmakers also have uncorked the incentive cash.

Business News!

But the end of the month is traditionally the period when dealers close a large number of sales and it is yet to be determined whether turmoil surrounding the stock market and in Washington D.C. will actually have an impact on sales of new vehicles. (more…)

Shifting Market, Declining Sales Force Nissan to Cut Production, Jobs in Mexico

Automaker wants to “maintain production in line with demand.”

by on Dec.21, 2018

A new Sentra on the Nissan assembly plant in Aguascalientes, Mexico. Poor sales of the Sentra and other Nissan cars are the reason for 1,000 layoffs.

Facing declining demand in the North American market, as well as other headwinds, Nissan confirmed it will cut production at two Mexican assembly plants and lay off about 1,000 workers “over the next several months.”

Layoffs have already begun at the Nissan plant in Aguascalientes that produces models such as the Sentra sedan for the Mexican domestic market, as well as for the U.S. and other export markets, Nissan spokesman Brian Brockman told TheDetroitBureau.com.

The Last Word!

“We’ve seen a decline in sales in Mexico, which is one of the driving forces, as is an overall decline in North American sales,” said Brockman. (more…)

Want a Good Deal on a New Car? Now May be the Time!

Big cash incentives, discounted interest rates may equal a good buy.

by on Dec.21, 2018

If you still want a new vehicle during the holidays, some of those big red bows may still be available.

Plenty of automotive experts are predicting that new vehicle sales this year will unexpectedly surpass last year’s results. Part of that is the flurry of activity they’re expecting this month, including the week between Christmas and New Year.

Auto dealers are often busiest at this time of year as they try to squeeze out the last of the new 2018 models and automakers are working to help them with an uptick in incentives and discount financing to entice new buyers to make one more holiday purchase.

Business News!

For those in the market to put a big red bow on top of a new sedan, minivan or sport-utility, now is the time to get out there; however, there are couple of days in particular you should consider, according to Cars.com. (more…)

Beating Predictions, 2018 New Car Sales to Surpass 2017 Results

This year is expected to finish at 17.3 million units.

by on Dec.19, 2018

Against the odds, 2018 new vehicle sales are expected to just clip 2017's results.

This year was supposed to be the start of the slide. Higher interest rates, higher prices and lower incentives were expected to collude, forcing new vehicle buyers to the sidelines in 2018, experts predicted.

At least one expert or group of experts in this case, Edmunds, came out today to predict that it is expecting potentially record-setting sales this month and for 2018 new vehicle sales to tally 17.3 million units, eclipsing last year’s result of 17.2 million cars, trucks, minivans and utility vehicles.

News Now!

“We’ve been saying all year that 2018 would be a down note for the auto industry, but it ended up defying the odds,” said Jeremy Acevedo, Edmunds’ manager of industry analysis. “Automakers are really pulling out all the stops in December to close the year on a high note, and car shoppers seem to be in a buying mood.” (more…)

“Coming Soon” – Mercedes Teases Next-Gen CLA

But market has changed radically since coupe-like model first appeared.

by on Dec.17, 2018

Mercedes has offered a tease of the second-generation CLA ahead of its debut at CES.

The original Mercedes-Benz CLA, in baseball terms, knocked it out of the park, the compact, coupe-like sedan not only generating a massive sales surge but drawing in the sort of hip young buyers that the German brand long had trouble reaching.

Americans are expected to buy about 22,000 CLA sedans this year, a sharp decline from the model’s 2015 peak, when Mercedes delivered about 30,000 of them. That said, considering the rapid shift from passenger cars to light trucks – including the similarly sized Mercedes GLA crossover – the CLA remains an essential part of the brand’s line-up.

Auto Show News!

“We’re still bullish on sedans,” Dietmar Exler, CEO of Mercedes-Benz USA, told TheDetroitBureau.com during a Los Angeles Auto Show interview, and the German brand aims to prove that with the upcoming launch of the second-generation CLA.

(more…)

Fiat Chrysler Saves November Auto Sales

Jeep and Ram led FCA to big sales uptick.

by on Dec.03, 2018

The Ram 1500 helped Fiat Chrysler to a 17% sales jump over last year's results for November.

With a 17% sales increase Fiat Chrysler helped industry sales hold steady in November as Ford Motor Co. Nissan, Toyota and Honda all reported drops in sales for the month.

Overall, full-year 2018 sales are on course to beat 2017’s results and pass the 17-million milestone for the fourth straight year, a record streak, according to Cox Automotive.

Sales News!

FCA’s sales were driven by the Jeep and Ram brands, which set a variety of records in total, retail and nameplate sales. Ram led FCA US brands with a 44% increase in vehicle sales. (more…)

Kia Has More Soul(s) Than Ever

Quirky crossover now available in a variety of distinct forms.

by on Nov.30, 2018

Kia now boasts six versions of the Soul crossover for 2020, including the new GT model.

Consider it food for the Soul: Kia has introduced six distinct new flavors of its quirky Soul crossover.

The car that showed us boxy can be beautiful will be back in an all-new form next year and Kia hopes to increase its appeal by adding new versions, including the GT and X-Line, while improving the appeal of the Kia Soul EV by boosting range and speeding up its charging system.

The Last Word!

“The Soul has been a massive success since its introduction, establishing itself as an automotive icon with its fun-loving character and eccentric style,” said Orth Hedrick, product planning chief for Kia Motors America. “Even with a new generation of competitors crowding the marketplace, the all-new Soul will once again prove to be a tough contender, with its unparalleled style and impressive level of technology and customization options.” (more…)