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Posts Tagged ‘auto sales’

Fuel Economy Numbers Expected to Take a Hit in 2017

Nearly a third of new models will see a decline in mileage.

by on Sep.27, 2016

The popularity of large utility vehicles and pickups has caused the average fuel economy of new vehicles to dip this year.

The surge in demand for pickups, utility vehicles and other light trucks has taken a toll on fuel economy. For the first time since it started tracking the numbers, the mileage of the typical vehicle sold in the U.S. dipped slightly this year, according to the University of Michigan Transportation Research Institute. But the mpg ratings for many vehicles are expected to take an even bigger hit for 2017.

With the Environmental Protection Agency revising its testing procedures for the new model-year, about 30% of all new models will see at least a modest dip in their reported fuel economy, according to a study by website Cars.com. In some cases, the impact will be significant. The 2017 Volkswagen Passat, for example, will suffer a 4 mpg dip in its highway rating, and a 2 mpg decline in its combined number.

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The change in the way the EPA calculates fuel economy could make it difficult for shoppers who were hoping to consider this year’s figures to those from 2016. And it could paper over what, in some cases, might be an actual improvement in fuel efficiency by some models. (more…)

Buyers Take a Breather as August Auto Sales Slump

Makers hoping for strong September to regain momentum.

by on Sep.01, 2016

New vehicles sales hit the brakes in August as buyers appeared to take a break from the market.

Sales of new vehicles stumbled in August and as a result General Motors, Ford, Nissan and Toyota all reported significant drops sales year over year but transaction prices continued to increase right along with incentives, analysts said.

But Fiat Chrysler Automobiles N.V., which has come under for its reporting methods, said its sales increased 3% last month thanks to a strong showing by the Jeep brand, which continues to win new customers with its sport utility vehicles.

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Audi also posted a 2.5% sales increase, but Volkswagen, which has been in year-long sales slump, said its sales dropped 9%. (more…)

Makers Putting Some Old Models Out to Pasture with Big Discounts

Edmunds suggests a list of new vehicles with great deals.

by on Aug.30, 2016

The Chrysler 200 will be dropped later this year, creating great deals for savvy buyers looking for a car on a big discount.

Auto sales are cruising along at near-record levels this year and automakers have become relatively good at monitoring production levels to ensure they don’t end up with a glut of some models they have to give away.

Pretty good isn’t perfect though and there are always a few vehicles that get away from them a bit and find their way into the “bargain bin” of new vehicle purchases. Most are perfectly lovely vehicles, but because they’re due for a redesign, get a bad rap or consumer tastes shift, these vehicles can be had for a fantastic price.

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“Even though these vehicles are being redesigned or going away altogether, they still have the same great technology and performance that you’d find in most new cars, but at a much better value,” says Edmunds.com Senior Consumer Advice Editor Ron Montoya. (more…)

Dealer Ethics Critical to Getting Vehicle Sales

Survey shows ethics, trust still tops on buyers wishlist.

by on Aug.09, 2016

General Motors' Shop-Click-Drive online shopping serivce was so popular, it made it available to all 4,300 U.S. dealers after a week of testing.

Automakers have long known that the opinions about car dealers are shall we say, less than positive? Dealers are also keenly aware that they aren’t always held in high regard and often try to find ways to make the experience more inviting.

Those efforts have ranged from significant store upgrades to no-haggle pricing to using kiosks to limit a customer’s interaction with a potential buyer.

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Thanks to Amazon and similar websites, perceptions about how to buy big-ticket items have changed and continue to do so. Dealers work in a highly competitive arena in terms of competition with each other, add in a shifting retail landscape and the problems can seem insurmountable. (more…)

Average New Vehicle Gas Mileage in US Rises in July

New vehicles sold in July averaged 25.4 mpg.

by on Aug.05, 2016

Even as American consumers continue to buy new trucks instead of new cars, the fuel economy average for new vehicles sold in July rose slightly over June.

Despite the continuing rise in sales of trucks and utility vehicles, the average fuel economy or window-sticker value of new vehicles sold in the U.S. in July 2016 was 25.4 miles per gallon, a slight increase over the previous month, according to the University of Michigan.

The fuel economy was up 0.1 mpg from the value for June 2016, according to a new report from U-M researchers Michael Sivak and Brandon Schoettle. The figure of 25.4 mpg, which is identical to the average fuel economy figure for vehicles sold in July, 2015.

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The monthly U-M report said fuel economy is down 0.4 mpg from the peak reached in August 2014, but still up 5.3 mpg since the university began keeping track of fuel economy figures across the industry. (more…)

Jaguar, Land Rover, Volvo Gaining on Luxury Leaders

BMW, Lexus ceding ground to other brands.

by on Aug.04, 2016

The F-Pace is Jaguar's first utility vehicle and helping the brand gain on traditional luxury sales leaders in the U.S.

Strong sales by Volvo and Jaguar are giving the luxury market in the U.S. a new look and challenging for the first time in a decade the dominance of BMW, Mercedes-Benz and Lexus.

Mercedes-Benz is the top luxury brand in the U.S. and it increased its sales by 7% during July as the industry seasonally adjusted annual rate of sales topped 17.88 million units, the best number so far this year. But both BMW and Lexus saw their sales decline. BMW sales dropped 4% and Lexus sales dropped 6.5%

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Volvo and Jaguar sales jumped dramatically in July and both brands are winning converts this year and moving up on other brands that appeal to affluent luxury buyers, such as Infiniti and Acura. During July, JLR sold only about 500 fewer vehicles than Infiniti, according to the latest sales reports. (more…)

Used Car Buyers Charged Up about EVs and Hybrids

Top three fastest selling used cars in U.S. are electrics.

by on Jul.22, 2016

The Toyota Prius plug-in hybrid is the fastest-selling used car in America through May.

Looking for a good used car? Well, if you find a hybrid or an EV you like, don’t dawdle on buying it because it’ll be off the lot before you know it.

According to iSeeCars.com, five of the top 10 fastest selling used cars in the U.S. in the first half of this year were hybrids or full electrics, including the top three movers. Perhaps even more astonishing, only one of the top 10 is an American car.

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Overall, iSeeCars.com found that one- to three-year-old used cars took an average of 42.4 days to sell. The top 10 fastest selling cars, however, were much faster—ranging from just 19.7 days on the market to 29.4 days. (more…)

Global Auto Sales Expected to Set New Records

Small crossovers, utes expected to lead sales charge.

by on Jun.20, 2016

Small crossovers, like the Fiat 500X, will drive sales to new records globally, according to BMI Research.

Global autos sales are still expected to show a marked improvement in 2016 and the boom in auto sales should continue into 2017 as consumers globally continue to snap up small crossover vehicles, according to a new estimate from BMI Research.

Sales of new vehicles worldwide are growing 3.4% compared with 1.9% in 2015, BMI reported.

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For the most part, developed states are continuing to drive this growth, particularly in North America and Europe, according to the report. (more…)

Shoppers Could Be in For Bargains: Slow Sales Mean Rising Incentives

Chevy promotions aimed at regaining lost market share, building demand.

by on Jun.06, 2016

A sluggish May for automakers may have kickstarted a rush of incentives to keep the good times rolling.

Bad news for the auto industry could mean good news for U.S. car buyers.

With only a few exceptions, automakers took an unexpected tumble in May, and Chevrolet is rolling out big new incentives aimed at rebuilding momentum and regaining lost market share. Industry analysts are expecting to see even more givebacks as the industry fights to retain the record sales pace set early this year.

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The goal is to “get dealers and customers excited,” said General Motors spokesman Jim Cain. The new Chevy incentives will cover the big Silverado pickup, as well as most of the brand’s passenger cars. The announcement follows a weak May for GM that continued the steady decline in market share it has seen all year. (more…)

Luxury Car Sales Hit The Skids in 2016

Despite sluggishness, sport-ute sales jumping.

by on Jun.02, 2016

The Mercedes GLE saw sales rise in the U.S. in May. The German maker's sport-utes are showing sales increases in 2016.

Sport utilities and crossovers are still enjoying strong sales, however, the overall market took a hit in May, and luxury vehicles were smacked by the same problems as less expensive siblings: slow sales for sedans.

While the battle for luxury supremacy remains hot, it was especially challenging in May with two fewer selling days. Mercedes took the lightest hit of the top three luxury brands in the U.S. as sales fell just 1% in May, BMW was next down 6.4% for the month and Lexus was last at 10.1%.

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“Sales continue at a steady pace in the second-quarter,” said Dietmar Exler, president and CEO of MBUSA. “Excitement is building as we look toward the coming months with the launch of three new dream cars, including the S-Class Cabriolet, SL and SLC Roadsters and the all-new E-Class Sedan.” (more…)