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Posts Tagged ‘auto sales’

Despite Prolonged Winter Sales Bounce Back

FCA, Ford, Toyota, Nissan all report gains.

by on Apr.01, 2014

Ford's F-Series helped the automaker to a 3% sales increase in March.

New car and trucks sales rebounded from a February dip led by some perennial sales “all-stars,” such as the Dodge Ram, Ford F-Series and Nissan Altima.

The seasonally adjusted annual sales rate is expected to come in at 15.8 million units, which is an increase of February’s rate of 15.3 million units. General Motors, which normally reports sales in the morning failed to do so due to a computer error, is expected to post its results by the end of the day today.

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Fiat Chrysler, Ford, Toyota and Nissan all reported sales gains for the month due to the strong sales of trucks and sport utility vehicles. Both Chrysler and Ford beat expectations. (more…)

US Car Sales on the Rise in March

FCA, Ford, Toyota, Nissan all report gains.

by on Apr.01, 2014

FCA's Ram pickup enjoyed its best March sales total in 10 years.

Sales of new vehicles, stalled by bitter winter weather, showed signs of recovery during March as both Fiat Chrysler, Ford, Toyota and Nissan all reported sales gains for the month due to the strong sales of trucks and sport utility vehicles.

Both Chrysler and Ford beat expectations. General Motors delayed release to their monthly sales totals due to a technical problem.

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“We are entering the spring selling season on a high note as our Jeep and Fiat brands recorded their best sales months ever and Chrysler Group extended its streak in March to 48 consecutive months of year-over-year sales increases,” said Reid Bigland, head of U.S. Sales. “Our Ram pickup truck posted its best March sales in 10 years.” (more…)

March Car Sales Show Signs of Early Spring Thaw

by on Mar.21, 2014

Headed in the right direction? Demand for new models, such as this Jeep Cherokee, is helping the auto industry boost sales after a slow winter.

Sales of new cars, trucks and crossovers are showing signs of coming back to life after hibernating during the bleak winter months of January and February.

After an unexpectedly strong surge in demand last year, sales started to slide as winter storms appeared to keep many potential buyers away from showrooms. But industry analysts are hoping that this only delayed another uptick in demand for 2014, and could actually lead to an especially strong spring buying season.

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Preliminary figures for March are already showing signs of a thaw, according to the monthly sales forecast from J.D. Power and LMC Automotive.

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Chrysler Small Car Sales Slide

Maker hopes to boost demand with special editions.

by on Mar.10, 2014

Fiat hopes the 1957 Edition will help boost demand for the little 500 model.

It’s been a cold, cruel winter for the auto industry, even makers like General Motors and Toyota struggling to maintain momentum in the marketplace.  Chrysler has been one of the few automakers to remain in the black so far – but while demand has been strong for models like the Ram 1500 pickup and Jeep Cherokee, sales have been sliding like a muscle car on ice when it comes to some of the Detroit firm’s smallest passenger cars.

Demand for the once-promising Dodge Dart, in particular, has been weak enough to force a temporary shutdown of Chrysler’s Illinois assembly plant.

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The downturn is all the more striking when one considers that sales of utility vehicles and light-duty trucks have helped lift the Chrysler Group to year-over-year sales increases for 47 consecutive months — one of the longest streaks in the car business — even as rivals such as General Motors, Ford, Toyota, Honda and Hyundai lost ground.

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Harsh Winter Ices Auto Sales

But new vehicle prices heat up.

by on Feb.25, 2014

Cold weather and icy roads are convincing many buyers to seek out AWD-equipped crossovers like this new Toyota Highlander.

The harsh winter weather that has enveloped much of the country this month – ice, snow and sub-zero temperatures crippling major metropolitan areas in the Midwest, Southeast and along the Atlantic Coast — has chased consumers out of showrooms.

It also appears to have led to a modest shift in what U.S. motorists have been buying, with more of an emphasis on crossovers and SUVs, in particular, and all-wheel-drive models, in general.

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Carmakers have been reluctant to make any predictions about the monthly sales with key markets such as Atlanta, Dallas, Washington D.C. and Chicago hit hard by combinations of ice, snow and severe cold. But preliminary numbers – with final sales totals due out next week – aren’t promising. If so, it would prove to be the second month in a row with the industry in the minus column, along with the temperature, a sharp reversal from last year’s booming automotive recovery.

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Automakers Struggle to Deal with Winter Storms

Production levels drops as parts deliveries get delayed.

by on Feb.13, 2014

Three of Ford's plants, including the plant in Wayne, Mich., has seen production delays due to the winter storms hitting the U.S.

Winter storms are continuing to batter the auto industry as the freezing weather stalls sales and closes down assembly lines, according to executives around the industry as the latest storms swept through the South.

Companies such as Kia and Porsche were forced to shut down their offices in Atlanta when the governor of Georgia ordered schools and businesses closed ahead of this week’s storm, which paralyzed much of the Southeast.

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Mike Sprague, Kia executive vice president of sales and marketing, said this week the adverse winter weather has definitely had an impact on sales in recent weeks. It’s cut into showroom traffic, he noted. The flip side is the freeze on sales in only temporary, he said. “At some point it’s going to turn around and there is going to be a lot of pent up demand,” he added. (more…)

China Echoes US, January Sales Taking a Tumble

But the market is still growing at an enviable rate.

by on Feb.13, 2014

Ford CEO Alan Mulally has reason to be happy: sales are up in China, unlike many of Ford's competitors.

Late to market, Ford Motor Co. has been racing to catch up with its competitors in China. The maker got a solid boost there last month, sales surging by 53% year-over-year.

But Ford is one of the few makers to be celebrating. After more than a decade of massive growth that has transformed China into the world’s largest automotive market, demand has been sputtering in recent months, and January sales clearly reflected the overall economic slowdown plaguing the country.

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That said, even at a mere 7% increase compared to January 2013, Chinese car sales still managed to maintain at least some momentum – in sharp contrast to the U.S. where demand last month showed a worrisome setback after the booming pace set in 2013. (more…)

Automakers See Sales Mirror Winter Weather: Cold, Cold and Cold

Fiat Chrysler defies trend with 8% increase.

by on Feb.03, 2014

Nissan enjoyed a sales increase in January as did it's luxury sibling, Infiniti.

High-flying luxury brands, middle-market nameplates and smaller boutique brands all suffered as new car sales slid 2% for January, failing to live up to the optimistic expectations of carmakers and analysts who are predicting total sales of 16 million units this year.

The record cold weather that has swept across much of the U.S. in recent weeks has apparently put car sales in the deep freeze – a situation analysts suggest was worsened by the slide in stock prices that has again raised concerns about the nation’s on-again/off-again economic recovery.

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While a few manufacturers were able to buck the downward trend, key makers including General Motors and Volkswagen saw sales tumble last month. And the industry saw average transaction prices – the amount consumers actually paid for a vehicle after factoring in incentives and options – slide after months of reaching new records. (more…)

Bad Weather Puts a Freeze on January Car Sales

Economic concerns also played a role.

by on Feb.03, 2014

Chrysler was one of the few makers to shake off the January freeze with products like this 2014 Ram 1500.

The record cold weather that has swept across much of the U.S. in recent weeks has apparently put car sales in the deep freeze – a situation analysts suggest was worsened by the slide in stock prices that has again raised concerns about the nation’s on-again/off-again economic recovery.

While a few manufacturers were able to buck the downward trend, key makers including General Motors and Volkswagen saw sales tumble last month.  And the industry, on the whole, saw average transaction prices – the amount consumers actually paid after factoring in incentives and options – slide after months of reaching new records.

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“Given the difficult weather in our largest sales regions, we are fortunate to have held in at retail as well as we did,” said John Felice, vice president of marketing, sales and service for Ford, which experienced a 7% decline in sales during January.

“In areas where the weather was good, such as in the West, sales were up,” Felice added, noting, “The poor weather also had an impact on the timing of some of our fleet deliveries. A bright spot is Lincoln, which had its strongest sales in four years.”

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Cold January, Hot Car Sales

Transaction prices likely to hit an all-time record.

by on Jan.27, 2014

Strong demand for compact crossovers like the Nissan Rogue is keeping the new car market hot despite record cold weather.

Cars sales are off to a strong start in 2014 despite the frigid weather that has gripped the U.S. during January. That could be particularly good news at a time when Wall Street is worrying about a new slowdown of the global economy.

Demand for new vehicles, according to a monthly sales forecast developed jointly by J.D. Power and LMC Automotive, forecasts a 1% increase in total sales when all figures are in for the month.  Power and LMC also predict that the seasonally adjusted annual sales rate, known as the SAAR, will reach 15.9 million units for January – well above the 15.6 million vehicles sold during all of 2013.

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“We are forecasting January 2014 to have the strongest level of retail sales for a January since 2004, and transaction prices will be the highest on record for the month of January,” said John Humphrey, senior vice president of the global automotive practice at J.D. Power. “In combination, the strong sales rate and record transaction prices are expected to result in record levels of consumer spending for the sector.”

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