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Posts Tagged ‘car sales’

Automakers Riding Sales Tsunami into 2015

All indicators suggest makers hit 17 million units this year.

by on Jan.05, 2015

BMW recaptured the luxury sales crown from Mercedes-Benz in the U.S. in 2014. Lexus finished a distant third.

If the end of 2014 is any indication, the new year for cars (and trucks) may be best described by The Cars’ 1978 classic song lyric: let the good times roll.

The industry saw sales up in December as an improving economy and low-priced gasoline renewed the country’s love affair with new vehicles – in particular full-size trucks and SUVs – and it’s a trend that’s expected to continue.

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Auto sales are expected to surpass 16.5 million units, which is a 6% increase on a year-over-year basis, when all of the counts are in today. Part of the reason is that all of those “feel good” factors were catalyzed into reasons to buy with heavy advertising and tempting incentives by automakers during the holiday season. (more…)

New Car Sales Predicted to Top 17 Million in the US in 2015

Next year expected to hit new highs for new and used vehicle sales.

by on Dec.22, 2014

TrueCar expects the luxury vehicle segment to experience the largest sales growth in 2015.

A catalytic combination of an improving economy and lower gas prices will result in record results for the auto industry in 2015.

TrueCar, the online car-selling and data service, is predicting that new vehicle sales will exceed 17 million units next year and total sales will be more than 55.7 million units.

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“We see a convergence of favorable economic circumstances pushing auto demand up to pre-recession levels, including continued gains in the job market, the best consumer sentiment in eight years and low fuel prices,” said John Krafcik, president of TrueCar. (more…)

New Vehicle Buyers Gobble up Trucks, SUVs, Luxury Cars

Lower gas prices contribute to strong sales.

by on Nov.03, 2014

Audi was among many automakers that reported October sales increases.

The sales numbers from October have given carmakers a renewed sense of confidence that sales will remain strong in the months to come as consumers continue to buy more trucks, utilities and luxury vehicles.

A long string of carmakers reported increased sales during October among them Subaru, Chrysler Group, Audi, Nissan, Mercedes-Benz, BMW, Toyota, Acura, Honda, Hyundai, Volkswagen, Kia and GM all reported sales increases for last month.

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“October vehicle sales were the best for the month in 10 years as an improving economy and lower gas prices drove strong SUV sales,” noted Bill Fay, Toyota division group vice president and general manager, who has said that the sale outlook for 2015 is also looks positive. (more…)

Low Gas Prices Keep Sales Going in October

Trucks and fuel-efficient vehicles rolling off dealer lots.

by on Nov.03, 2014

Jeep sales were up 52% on a year-over-year basis in October. Chrysler Group sales were up for the 55th consecutive month.

New car sales, aided by falling gasoline sales and the popularity of trucks, remained robust in October with preliminary results suggesting the seasonally adjusted annual rate of sales, or SAAR, hit 16.9 million units as Chrysler, Nissan, Honda, Volkswagen/Audi and General Motors all reported sales increases for the month.

Analysts are expecting the overall sales to jump 6% and the early returns suggest they’ll be correct in that there will be another increase in purchasing. Not only did trucks perform well, but smaller cars, such as the Chevy Cruze, Nissan Versa and others also saw impressive returns.

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Chrysler Group reported the biggest overall jump in sales of the early reporters with a 22% increase compared with sales in October 2013 of 170,480 units, the group’s best October sales since 2001 when carmakers utilized an extra heavy dose of incentives to boost sales following 9/11. (more…)

Blistering August Sales Swell Luxury Vehicle Numbers

Frenzied month may mean slower September

by on Sep.03, 2014

Lexus captured the August luxury car sales crown. It's the second month in a row the Japanese brand has done so.

Luxury car sales remained brisk during August as Mercedes-Benz, BMW and Lexus as well as Audi all posted healthy sales increases last month in what has become an increasingly contest sales.

As it did in July, Lexus bested its German rivals for luxury sales leadership by selling 32,809 cars and utility vehicles. Lexus sales increased 10.1%.

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“It was a great market from top to bottom in August,” said Jeff Bracken, Lexus group vice president and general manager. “Lexus had its second straight record-setting month as both passenger cars and luxury utility vehicles posted solid gains.” (more…)

Car Sales Still Hot, Even as Summer Cools Down

Month likely to bring best sales - and highest prices - for 2014.

by on Aug.22, 2014

New products - such as the redesigned Toyota Corolla - are helping push car sales higher.

Robust sales of new vehicles during the early summer months have continued in  August, with demand for new cars, trucks and crossovers on pace to surpass May for the  highest levels in 2014, according to a monthly sales forecast developed jointly by J.D. Power and LMC Automotive.

That echoes the findings of another new study showing that U.S. motorists have run up record levels of automotive loan debt this year.  John Humphrey, senior vice president of the global automotive practice at J.D. Power, notes that continued high levels of consumer expenditures on new vehicles demonstrate continued improvement of the health of the industry.

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“We expect consumer spending on new vehicles in August to approach $39 billion, the highest level on record for the month of August and second-highest month ever behind July 2005 when it was $39.7 billion,” said Humphrey. “The record consumer spending is fueled by both high sales volumes and high transaction prices.”

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Is it Better to Buy or Lease? Or is There Another Option?

Loans, leases – and lease assumptions – give shoppers options.

by on Aug.08, 2014

Car shoppers have a variety of options when it comes time to close a deal.

New car sales are stronger than they have been since the start of the Great Recession, and likely to keep climbing, according to industry analysts. Demand is expected to be especially strong in the coming weeks, with August traditionally one of the hottest months of the year at dealer showrooms.

The good news for consumers is that despite surging demand, interest rates remain at near-recession lows. That’s led many buyers to move up-market by stretching out loans to five, six and even seven years. But if you’re in the market for a new car, truck or crossover, should you be buying or leasing? Are there, in fact, other even more affordable options?

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A new study underscores the financial advantages of leasing over buying, but it also points to a potential alternative, a small but growing number of motorists opting to take over existing leases, something equivalent to buying a “nearly new” vehicle.

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Toyota Maintains Global Sales Lead – Barely

VW closing gap as GM settles into third spot.

by on Jul.30, 2014

Strong demand for new models, such as the redesigned Corolla, helped Toyota retain the sales lead for the first half of 2014.

While its lead has been narrowing, Toyota Motor Co. retained its crown as the world’s best-selling automaker during the first half of 2014.

The maker edged out rivals Volkswagen AG and General Motors in the global sales sweepstakes as demand for its cars, trucks and crossovers surged to 5.097 million between January and June, a 4% increase fueled by growth in markets ranging from U.S. and Europe to China and the Japanese home islands.

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That was not only an all-time record but exceeded forecasts – while positioning Toyota to meet a goal of becoming the first automaker ever to sell 10 million vehicles in a single year. VW is also shooting for the 10 million mark, though preliminary data indicate it only tallied sales of 4.97 million vehicles during the first half, GM following at 4.92 million.

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US Car Market Showing No Signs of Cooling Down

SUVs, crossovers and luxury vehicles drive demand.

by on Jul.28, 2014

Strong demand for products like Altima mean Nissan will deliver a double-digit July sales gain.

It may be an unexpectedly cool summer in much of the country but you wouldn’t know by looking at July’s sales numbers – which have many industry observers expecting the rest of the year to remain hot.

Mark Fields, Ford Motor Co. chief executive officer, noted the general economy appears steady, which should lead to strong sales during the second half of the years. Chuck Stevens, General Motors chief financial officer, also said the second half of the year looks very promising.

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Preliminary data suggest that July new-car sales will be up about 12% over year-earlier numbers, putting the industry on track for its best July since 2006, well before the U.S. economy began to collapse. Overall sales should reach about 1.46 million for the month, according to new forecasts from TrueCar and Kelly Blue Book, and that translates into a seasonally adjusted annual rate, or SAAR, of 16.6 million to 16.7 million, roughly a million ahead of total sales in 2013.

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SUVs and Crossovers Now Outselling Sedans

“Trucks” now dominate American sales charts.

by on Jul.17, 2014

The shift to car-based crossovers -- such as the latest version of the Ford Explorer - has helped drive the ongoing boom of utility vehicles.

With the U.S. auto industry in full recovery mode, manufacturers are struggling to keep up with demand of some of their most popular sport-utility vehicles and crossovers which, for the first time, are now outselling conventional sedans, according to a new study.

Utility vehicles, whether traditional, truck-like SUVs, or more modern, car-like crossovers, accounted for 36.5% of the overall American market during the first five months of 2014, compared with 35.4% for sedans, long the dominant body style, according to an analysis of new vehicle registrations by IHS Automotive.  A year ago, sedans outsold “utes” 36.6% to 33.9%.

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“These vehicles offer the combination of appealing features associated with both cars and light trucks, including a higher seating position, higher ground clearance, softer ride, more interior space, optional four-wheel or all-wheel drive, and towing capacity, among others,” said HIS analyst Tom Libby.

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