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Posts Tagged ‘auto sales’

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.

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“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.

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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…)

Better Mileage, Road Manners Helping Utes Overtake Sedans

New generation of smaller utility vehicles help bolster sales.

by on Jul.14, 2015

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

For the first time ever, sales of crossovers and conventional sport-utility vehicles are outselling sedans, capping a nearly three decade-long transformation of the U.S. auto market.

When the first generation of sport-utility vehicles emerged in the post-War era they were largely aimed at professionals and outdoorsmen. By the 1980s, manufacturers began targeting more mainstream buyers. But it’s only in recent years that utility vehicles have become the products of choice for millions of American families.

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Industry analysts say several factors have hastened that transformation. For one thing, newer crossover-utility vehicles offer more car-like, on-road manners than traditional SUVs. A new study also points to another critical factor: the increasingly small gap in fuel economy between utes and sedans. (more…)

Makers Moved Metal by Offering Money

Incentives rose in June keeping the good times rolling.

by on Jul.01, 2015

Slow sales means big incentives on some vehicles, such as the Kia K900 which had $8,000 slapped on the hood to lure in buyers.

Automakers in the U.S. enjoyed a monumental month in June with double-digit sales increases seeming to be the norm as they reported the results.

The results were so positive at least one organization – the National Automobile Dealers Association – revised its expected sales number for 2015 upward to 17.2 million vehicles: a 200,000-unit jump.

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In order to keep that smoking hot sales pace, some automakers sweetened the pot for certain buyers. Hyundai was the leader of the pack on increased incentive spending with a 34.5% jump over last June and 5.6% spike from May. (more…)

June Auto Sales Hit Record Levels

Crossovers, trucks, sport-utes continue leading charge.

by on Jul.01, 2015

The 2015 Lincoln Navigator sales boomed in June, rising 39% and helping Ford to an overall sales increase of 2% last month.

New vehicle sales continued their torrid pace for in the U.S. in June, helping the auto industry finished up the best six months in a decade with a slew of automakers posting sales increases or logging manufacturers sales records.

General Motors, FCA US, Ford, Nissan, Toyota, Audi, Volkswagen and Mazda all reported sales increases in the buoyant market lifted by strong demand for trucks and utility vehicles.

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FCA US LLC posted an 8% increase compared with sales in June 2014 and the group’s best June sales since 2006 and recorded its 63rd-monthly sales increase in a row. (more…)