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Posts Tagged ‘auto sales’

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.

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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…)

December Sales Soar – But VW Gets Left Behind

German maker hammered by fallout from diesel scandal.

by on Jan.05, 2016

VW was the exception during a month that saw U.S. car sales soar to record levels.

(This story will be updated as additional sales numbers are released.)

Automakers got a month-long gift from consumers in December, sales pushing the U.S. auto industry to an all-time high as it closed the books on 2015.

The surge in demand was nearly universal, records falling for brands large and small. The big exception was Volkswagen. Hammered by the ongoing fall-out from it diesel emissions cheating scandal, it reported a double-digit decline for December, a day after it was sued by the U.S. Justice Department.

By the Numbers!

Estimates are that total industry sales for 2015 will reach 17.8 million units, surpassing the old record of 17.35 million set in 2000. The big question is whether that momentum will carry over into 2016, a question heightened by the start-of-the-year slump on Wall Street.

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New Vehicle Registrations Guarantee Record 2015 Sales

Crossover vehicles leading the sales charge.

by on Dec.14, 2015

New vehicle registrations are at record levels in 2015, suggesting the old sales record of 17.4 million will fall.

The news has been filled with all types of statistics to quantify the number of new vehicles have been sold this year. Well, the simplest may be this: in the last 12 month, 17 million new vehicles have been sold: the best result since 2006.

Experian Automotive released the number of new vehicle registrations from Nov. 1, 2014 through Oct. 31, 2015 in the U.S. and the number matches the record result from 2006, and supports the assertion that 2015 will set a new single-year mark.

News Now!

“It’s encouraging to see new registrations return to prerecession levels, with lower interest and higher employment rates driving vehicle demand,” said Brad Smith, Experian’s director of automotive market statistics. “While I’m sure the auto industry would like to continue this growth annually, it is important to continually monitor data trends and economic indicators to identify shifts in demand and adjust business strategies accordingly.” (more…)

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.

In the Know!

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.

Auto Show News!

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…)