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Posts Tagged ‘2016 auto sales’

US New Vehicle Sales Sputter Slightly in July

GM, Ford and Toyota saw sales slide last month.

by on Aug.02, 2016

Nissan continued to see sales increase in July. The Nissan division saw its sales jump 1.7% compared with last July's results.

New car sales sputtered in July as Fiat Chrysler, Audi and Nissan and Honda all posted small gains, but General Motors, Ford and Toyota all saw their sales decline from year-ago-levels as sales remained stable but flat as buyers continued to snap up truck and utility vehicles of all kinds.

General Motors sales fell 1.9%. So far this year, GM sales are down 4% and GM executives have blamed the drop on a shift in strategy, which has seen GM reduce sales to rental fleet customers.

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“Our retail-focused plan is working and as availability of our new cars, trucks and crossovers continues to grow, we expect to keep our retail sales momentum going and our strong margins intact,” said Kurt McNeil, U.S. vice president of Sales Operations, noting GM’s daily rental deliveries are down 38% from a year ago.   (more…)

Despite Solid July Sales, Ford CFO Sees US Auto Recovery at an End

Sedan, coupes already signal a slowdown, but trucks holding momentum.

by on Jul.29, 2016

Ford may see a weakening of the U.S. market but its F-Series is still delivering solid numbers.

U.S. auto sales have been taking some uncertain detours in recent months, May numbers tumbling before the industry showed signs of rebounding in June. Preliminary estimates, meanwhile, suggest the market will look good for July, the industry back on track for another record year.

But senior Ford officials say that we may be at the end of the line for the current recovery, with sales likely to begin another cyclical slide in the near-term.

The Last Word!

“The growth is over,” Ford Chief Financial Officer Robert Shanks told the Reuters news service. The executive separately told analysts and reporters that, “We see the second half being softer than the first half. Looking into 2017, we think we will see further softness.”

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Auto Sales Outlook is Strong for Second Half

Despite positives, some traditionally strong players suffered losses.

by on Jul.05, 2016

Nissan is enjoying a nice surge in sales during the first half of 2016, in part due to its new ads and in part due to an improving economy.

A full range of manufacturers such as Ford, Fiat Chrysler, Volvo, Jaguar Land Rover, Nissan, Kia and Honda posted strong results for the first and while the year-over-year sales increases have slowed dramatically overall, the industry is still expected to set a new all-time sales record by the end of the year.

Stephanie Brinley, an analyst of IHS Automotive, said IHS has seen no reason to change its forecast of total sales for 2016. IHS expects sales of 17.64 million units, which would be a new all-time record.

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At the same time, average transaction prices continue to creep upwards despite an increase in incentive activity, which was evident during the Fourth of July Holiday as manufacturers such as Mercedes-Benz and Buick advertised deals. (more…)

Strong Holiday Weekend Needed to Eclipse Sales from Last May

Analysts warning that auto sales are flattening out.

by on May.20, 2016

Ford's SUV sales in April were red hot with the Explorer up 13%. They'll need a repeat performance in May to keep sales predictions on track for 2016.

Automakers are counting on strong new-vehicle sales over the Memorial Day holiday weekend to give May sales the boost needed for a moderate increase over 2015 results, according to a monthly sales forecast developed jointly by J.D. Power and LMC Automotive.

New-vehicle retail sales in May are expected to increase by a modest 2% from a year ago on a selling-day adjusted basis, but the actual sales totals will drop year over year, according to the forecast.

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The final figures for the month will depend on the Memorial Day weekend, which historically is one of the best sales weekends of the year at car dealerships across the country, Power’s analysts noted. However, there are two fewer selling days than there were in 2015 when strong sales in May led to strong sales through the summer and fall. (more…)

Tough Weather Puts Chill on US Auto Sales in January

Automakers put up inconsistent numbers.

by on Feb.02, 2016

Jeep sales helped FCA to a 7% sales increase in January, but Dodge and Ram chipped in as well.

After a record year in 2015, the auto industry escaped January’s gloomy weather with stable sales as several manufacturers posted managed to eke out modest gains, bolstering the outlook for 2016.

Fiat Chrysler, General Motors, Audi and Nissan all reported sales increases, while Mazda, Ford, Toyota and Volkswagen said their monthly sales declined during January.

FCA U.S. managed a 7% increase compared with sales in January 2015. It was the group’s best January sales in nine years as the Jeep, Ram and Dodge brands all reported sales increases and FCA extended its streak of year-over-year sales gains to 70 consecutive months.

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“Mother Nature was no match for our Jeep brand last month as we recorded our best January Jeep sales ever,” said Reid Bigland, head of U.S. Sales for FCA, which wasn’t the only Detroit-based maker to report an increase. (more…)

U-M Predicts US Auto Sales Topping 17 Million in 2016

Forecast shows “meaningful” growth for economy next year.

by on Nov.21, 2014

University of Michigan economists predict U.S. new vehicle sales will hit 17 million units in 2016. As the economy recovers, sales of trucks are going to grow.

The expansion U.S. economy next will boost sales of new vehicles and set the stage for industry-wide sales, reaching 17 million units in 2016, according to a new forecast the economists at the University of Michigan.

The economy will grow by more than 3% next year — its highest rate in 10 years, they added. The university auto sales numbers of 16.6 million in 2015 and 17 million the following year add to the chorus of predictions for a sustained stretch of prosperity for the industry.

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By and large, automakers appear comfortable with the predictions of strong, steady sales over the next couple of years. (more…)