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Posts Tagged ‘auto sales’

Mercedes Keeps Tops Spot in Luxury Car Sales Battle

Despite slow April, Lexus remains in second over BMW.

by on May.04, 2016

Mercedes continues to remain atop the luxury car sales standings in the U.S. for 2016.

Mercedes-Benz continues to set the pace for luxury car sales in the U.S. after it enjoyed a record-setting April while its primary competitor, BMW, took a substantial hit in what was a white-hot month for auto sales.

In fact, the hit was strong enough to allow Lexus to slide past BMW into second place in on the list by more than 3,500 vehicles year-to-date.

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Mercedes-Benz sold 29,236 vehicles in April, up 0.2% for the month, pushing its total for the year to 105,005 units. Overall, the brand is down for the year by 2.2% to 107,340 vehicles. Not surprisingly, the love of sport-utilities isn’t limited to non-luxury brands.  The GLA and GLC/GLK are up 15.9% and 76.9% respectively for the year. (more…)

US New Vehicle Sales Soar to Near-Record Levels

Makers still blowing trucks and utes out dealership doors.

by on May.03, 2016

Ford's SUV sales in April were red hot with the Explorer up 22% for the month.

Any concerns about a possible weakening for new vehicle sales this year have been set aside by strong demand for trucks and utility vehicles at near record levels last month.

Hungry buyers helped boost sales and transaction prices in April with Fiat Chrysler, Ford, Nissan, Toyota and Audi all posting sales increases for the month. Unsurprisingly, Volkswagen sales continued to slide, but General Motors’ drop overall sales was a surprise.

The Journal of Record!

Ford reported its sales increased 4% versus a year ago and retail sales also grew 3%, driving the company’s best April retail results since 2006.  (more…)

Despite Diesel Dilemma, VW Snatches Global Sales Lead from Toyota

Toyota loses momentum due to production snags.

by on Apr.27, 2016

Despite some serious problems, VW could retain the sales lead during the second quarter.

It’s had to suspend sales of its popular diesels in the U.S. market, and it’s already taken an $18 billion hit in the wake of its ongoing diesel emissions scandal, but not all is doom-and-gloom for Volkswagen AG.

The embattled automaker can celebrate the fact that it surged into the global sales lead for the first quarter of 2016, narrowly squeaking by Japanese giant Toyota which has had its own problems in recent months. General Motors continued to hold down the third spot in the global sales sweepstakes.

In the Know!

Whether VW can hold the lead for the rest of the year is far from certain. It was, in fact, the top-seller for the first half of 2016, only to slip behind Toyota once again as the diesel disaster began to take its toll. But wildcard factors have a way of upsetting the industry’s apple cart, and Toyota is currently dealing with problems that will likely scuttle its chances of regaining the sales crown for at least another quarter.

(more…)

Fiat Chrysler Laying Off 1,300 at Metro Detroit Plant

New product coming to plant, but more than a year away.

by on Apr.06, 2016

Fiat Chrysler's Sterling Heights Assembly Plant is laying off 1,300 workers due to sluggish 200 sales.

Fiat Chrysler is laying off nearly 1,300 workers at a Metro Detroit plant as a result of the sluggish sales of the automaker’s Chrysler 200 midsize sedan.

The layoffs, or furloughs as FCA is calling them, begin July 5 and while timed to coincide with the “shut down season” for makers, these layoffs are indefinite and impact the plant’s second shift.

News Now!

The move is the first time since 2009 that the automaker has idled workers with no return date. That time the entire industry was in the throes of a horrific sales slump that saw figures drop to lows not seen in decades. (more…)

Luxury Car Sales War Heating Up

BMW cedes lead to Mercedes-Benz, Lexus.

by on Apr.04, 2016

BMW ceded the lead to Mercedes-Benz in U.S. luxury car sales after a 12.5% drop in March.

This story contains corrected information.

In the rush of numbers, the auto industry released as it reported its March sales numbers, a couple of things stood out, while underscoring the new intensity in the luxury market.

BMW reported a 12.5% drop in sales and Mercedes-Benz also reported a sales drop of 5.9% and Lexus, Toyota’s luxury vehicle division, took over the leadership in the luxury segment despite watching its sales drop 2.8% last month.

News Now!

Among the German high luxury brands, only Audi continued to roll forward with its 83rd consecutive month of sales increases. (more…)

Canada Pumping More than $100M into EV Infrastructure

Nation looking to expand its "green" efforts.

by on Mar.31, 2016

Canada is investing more than $100 million in its EV infrastructure during the next two years.

Under its new Prime Minister Justin Trudeau, Canada is looking for ways to increase the sales of electric vehicles to help with the nation’s commitment to fight global warming.

“We believe that a strong commitment to the development of alternative transportation fuel infrastructure, coupled with electric vehicle (EV) incentives offered on a provincial level, will continue to support the adoption of clean technology vehicles in Canada as widespread charging infrastructure and price-competitive EVs help attract consumers to the market,” BMI Research said in a new report.

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The Canadian government’s 2016 Budget proposes to provide 62.5 million Canadian dollars during the next over the next two years to Natural Resources Canada in order to support the deployment of infrastructure for alternative transportation fuels, including charging infrastructure for EVs and natural gas and hydrogen re-fueling stations.  (more…)

Honda Tops List of Best SUV Buys Under $25K

Asian automakers dominate KBB.com’s top 10 list.

by on Mar.04, 2016

Honda's CR-V is one reason why crossovers and sport-utiliies are outselling sedans for the first time ever.

New vehicle sales are still red hot and sport-utility vehicles are among the vehicles generating the heat these days, in particular compact SUVs.

Small SUVs offer buyers a lot of upside: elevated ride height and four-wheel drive capability as well as good gas mileage allowing buyers to hedge against a return to gas prices above $3 a gallon some day.

Picking up on the Trends!

Perhaps their best selling point is the selling price: a well-equipped small SUV can be had for less than $25,000. (more…)

GM, Ford Set China Sales Records in January

Buick leads GM to new monthly benchmark.

by on Feb.08, 2016

The Buick Envision helped General Motors set a new January sales record in China.

Both General Motors and Ford set January sales records in China despite the continuing concerns about the Chinese economy.

In January, retail sales by General Motors and its joint ventures in China were up 7.3% year over year to a record 421,023 vehicles, as Buick posted its best-ever monthly sales, GM officials said. Demand was given a boost by the upcoming Chinese New Year holiday in early February.

China News!

Buick sales in January grew 39% from a year earlier to 138,907 units. Monthly sales of the brand exceeded 130,000 units for the first time, led by the Excelle GT and Envision SUV. Sales of the Envision more than doubled last month year over year. (more…)

Global Auto Sales Set New Record for 2015

Makers move nearly 90 million cars, trucks, crossovers.

by on Feb.02, 2016

China helped push the industry to a new record in 2015, but ddemand could slow sharply in 2016.

The auto industry set a new sales record in 2015, motorists around the world buying 89.4 million cars, trucks and crossovers, a year-over-year increase of 2.3%.

It was the sixth year in a row that manufacturers set new highs, the industry buoyed by records in a number of key regions, including the United States, India and China, as well as smaller markets like Australia, Turkey, Korea and Mexico.

Global news!

But the celebration is sobered by forecasts that global auto sales have leveled off and could even dip a bit in 2016 due to weakness in several markets, notably China. And demand remains in freefall in Russia and Brazil where economic woes have taken a serious toll on consumer spending.

(more…)

Winter Storm Puts Freeze on January Auto Sales

New vehicle sales expected to be flat.

by on Jan.28, 2016

Winter Storm Jonas acted like a wet blanket on new vehicle sales in January.

The fierce winter storm that kept a third of the U.S. population indoors this past weekend has slowed auto sales, according to analyst and car makers.

As residents of the U.S. East Coast dig out from Winter Storm Jonas, which dumped more than two feet of snow in major urban areas from New York City to the northern Virginia suburbs of Washington, D.C. appears to have flattened total new vehicle sales, according to estimates prepared by TrueCar, Inc. of Santa Monica, California.

Sales News!

TrueCar expects total new vehicle sales, including fleet deliveries, will be flat from a year ago, notching a 0.3% decline. (more…)