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Posts Tagged ‘auto sales’

More Like ‘Treat or Treat’ as October Auto Sales Boom

Luxury cars sprinted off dealer lots last month.

by on Nov.03, 2015

The Lexus RC coupe posted strong sales gains in October, helping the brand to a 13.2% increase.

The U.S. auto industry ended October with way more treats than tricks as many makers enjoyed best-ever Octobers as trucks and SUVs flew off dealer lots joined by plenty of luxury vehicles although one brand did take a hit: BMW.

The Bavarian maker is locked in a battle with Lexus and Mercedes for luxury vehicle sales superiority in the U.S. and last month didn’t help its cause as sales fell 3.8% in October. The brand’s utility vehicle held up their end of the bargain, posting a 56.7% gain, but car sales offset those gains.

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“Trends in the luxury vehicle market are becoming more evident with the October sales another indicator of how important Sports Activity Vehicles are becoming to our market segment,” said Ludwig Willisch, President and CEO, BMW of North America. (more…)

October Auto Sales Pushing Previous Records

Low gas prices encouraging truck, sport-utility sales.

by on Nov.03, 2015

Ford saw strong sales in October led, in part, but a significant increase in Ford Edge sales.

U.S. auto sales continue to enjoy a breakneck pace as the early results show automakers only reporting increases during October that could set new records.

GM sales rose 16% with Cadillac, Chevrolet and GMC reporting increases of at least 13%. Buick was the laggard in the group with sales slipping 0.2%.

Sales News!

Fiat Chrysler continued its run of monthly sales increases to 67 consecutive as sales rose 15%, largely due to a 33% increase for the Jeep brand. Ford enjoyed a strong October with a 13% leap, in large measure due to another strong month for the new F-150 full-size pickup truck, which rose 3.3%. (more…)

October Auto Sales Frighteningly Good

Trucks, SUVs continue to lead the pack.

by on Oct.27, 2015

October auto sales are expected to be the best October results since 2001.

The auto industry is looking at another big month in October as sales are moving at very brisk pace and carmakers, with the exception of scandal-tarred Volkswagen, continue to post sales gains.

New-vehicle retail and total sales in October 2015 are expected to be the strongest for the month since 2001, when automakers’ “Keep America Rolling,” 0% financing incentives propelled new-vehicle retail sales to 1.6 million units.

Sales News!

“September was a strong month — bolstered by the Labor Day weekend — so the expectation is that we would see some weakness is subsequent months, but that hasn’t been the case,” said John Humphrey, senior vice president of the global automotive practice at J.D. Power. “Through the first 18 days in October, retail sales are up 7% compared with the same period a year ago.” (more…)

Analysts Revising Auto Sales Predictions Upward

Consumer confidence helps keeps sales pace strong.

by on Sep.28, 2015

Analysts have revised their new vehicle sales estimates for 2015 upward as consumer confidence remains high.

Despite uncertainty in the global economy, the U.S. auto industry continues to motor along at a steady clip.

As a result of the vigorous selling pace during the spring and summer months — the selling rate from May through August averaged 17.5 million units — LMC Automotive is raising its 2015 total light-vehicle sales forecast to 17.2 million units from 17.1 million units and its retail light-vehicle forecast to 14.1 million units from 14 million units.

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In addition, analysts at Moody’s now predict sales of new cars and trucks will increase by 2.4% in 2016 after growing by 2.8% in 2015. (more…)

Most People Can’t Imagine Walking Away from Their Cars

Even in emerging markets, autos quickly becoming one of life’s essentials.

by on Sep.17, 2015

According to a new report, 57% of people around the globe believe their lives would be more difficult without a car.

To paraphrase a frequent comment about guns, “I’ll give up my car when you pry the steering wheel from my cold, dead hands.” Or so the majority of people surveyed essentially told researchers looking into the global influence of the automobile.

An estimated 90 million cars will be sold this year worldwide, an all-time record. And from China to Cameroon, the automobile is becoming ever more present in emerging markets as well as the industrialized world. And it is getting a welcome reception, according to a study by the International Organization of Motor Vehicle Manufacturers, or OICA.

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The group’s new research found 57% of people globally say their lives would be harder and more difficult without a motor vehicle.

Surprisingly, the highest percentage was in Africa, the continent with the lowest penetration of motor vehicles on a per capita basis. According to OICA, 78% of those surveyed in Africa said they couldn’t imagine life without an automobile. The figure wasn’t far behind in the Americas, at 63%. (more…)

Auto Sales Slip a Bit, but Beat Expectations

Prices continue to push upwards.

by on Sep.01, 2015

Keep on trucking. Vehicles like the new Renegade helped Jeep score some of the industry's biggest gains in August.

Despite Wall Street’s shake-up, China’s sliding economy – and a fluke of the calendar – the U.S. auto industry did a bit better than anticipated in August, with far less of a downturn than some had predicted and a number of manufacturers managing to eke out strong gains.

While some brands, such as Toyota, saw sharp declines, others pushed into record sales numbers. And carnakers continued to see average transaction prices rise again last month, prices running at or near record levels for most of them, according to industry analysts.

Industry News!

“In spite of a tough 2014 comparison and extreme stock market volatility, our dealer’s competitive spirit kicked in and propelled us to our 65th-consecutive month of year-over-year sales increases,” said Reid Bigland, Head of U.S. Sales. “Our Jeep brand turned in a double-digit increase while eight individual models, including four Jeep brand vehicles, set sales records.”


New Car Sales Expected to Remain Steady in August

Fiat Chrysler's sales streak may come to an end.

by on Aug.27, 2015

Some observers are predicting FCA's five-year streak of month-over-month sales increases may come to an end in August.

August auto sales may be mirroring the many of the world’s economies these days: uncertain. Predictions about the final tally run from sales being down to sales being up. Much like investors wondering what to do in the tumultuous stock markets these days, the answer depends upon who you ask.

Kelly Blue Book expects sales to decline 4% year-over-year due to the exclusion of Labor Day weekend in this month’s sales results. If true, the slide could put Fiat Chrysler’s long string of monthly sales increases, which has extended for more than five years, at risk, according to KBB.

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On the other hand, TrueCar, the car buying service, suggests sales could wind up rising by 4% and FCA U.S.’s impressive streak of increases is safe. (more…)

Big Truck Sales Means Big Automaker Profits

Average transaction prices for pickups on the rise.

by on Aug.04, 2015

A well-equipped version of the 2016 Ford F-150 Limited will push over $60,000. The makers average transaction price is up $3,200 in July.

New vehicle sales in July rose to heady levels – an annual rate of nearly 18 million units – led by expensive vehicles: luxury sport-utilities, crossover and … wait for it … trucks!

The fact that trucks are big sellers isn’t big news. For the past 30-plus years the top two best-selling vehicles in the U.S. have been full-size pickups: the Ford F-150 and Chevrolet Silverado.

Truck News!

The industry moved a lot of metal in July, according to TrueCar, Inc. noting that July’s revenue for new vehicles will likely set a U.S. record high for the month of $47 billion, up 2.1% versus the same period last year and trucks are leading the charge. (more…)

Lexus Tops Mercedes, BMW in July Luxury Battle

Japanese luxury brand looking to regain top spot in segment.

by on Aug.03, 2015

The 2015 Lexus NX 200h is helping the brand return to the top of the luxury sales charts.

Lexus beat out its archrivals Mercedes-Benz and BMW in sales during July, setting the stage for all out battle royale for leadership in luxury vehicle sales during the next five months.

The German brands have held the lead in luxury car sales since 2011 but Lexus, which has long been focused on the U.S. market, is making a determined challenge this year.

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Lexus reported July sales of 29,816 units, up 9.1% from July 2014 on a volume basis and DSR basis, according to Jeff Bracken Lexus group vice president and general manager. (more…)

Luxury Utilities, Crossovers Push July Auto Sales to New Heights

Month finishes near 18-million-unit sales pace.

by on Aug.03, 2015

Small crossovers did well in July and so did Buick, which posted an 18% sales increase led by the Encore.

New vehicle sales remained robust as carmakers continued to post year-over-year gains in a market where the seasonally adjusted annual rate of sales, or SAAR, inched towards 18 million units.

General Motors, Chrysler, Ford, Nissan, Lexus, Audi, Subaru and Volkswagen all posted sales increases for July as the industry sales continued at their best tempo in more than a decade.

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GM posted a 6% increase, which included the best July results for the maker’s four brands combined since 2007. The month was paced by an 18% increase in Buick sales and an 8% increase in Chevrolet sales. Chevrolet’s results included a 24% increase in pickup, van and SUV sales, and the brand’s best July crossover sales ever.  (more…)