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Posts Tagged ‘crossover sales’

October US Auto Sales Hit the Skids

Ford delays sales report due to fire at headquarters.

by on Nov.01, 2016

Jeep sales had been reliably strong for FCA during the past few years; however, they fell 7% in October.

The tempo of new vehicle sales slowed during October as every major automaker reported a drop during October.

Ford Motor Co., which also was expected to report a drop in sales, delayed the release of its October sales due to a fire in an electrical substation in the company’s headquarters in Dearborn, Michigan. The fire, which happened yesterday, caused the evacuation and closure of the building.

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The big surprise was a 10% drop in sales by FCA, which had posted a long string of sales increases, stretching back more than five years until it had to re-state its sales figures this summer under pressure from lawsuits by dealers and Securities and Exchange Commission. (more…)

Automotive Fuel Economy on the Rebound

Improvement comes despite rise in SUV, crossover sales.

by on Jun.03, 2016

The rising sales of SUVs and crossovers hasn't hindered the recent improvement in nation's average fuel economy.

With the marketshare of truck and utility vehicles fast approaching 60% and gasoline prices at their lowest level in a decade, the fuel economy of the vehicles American drive is still improving, according to a new survey by the University of Michigan.

The average fuel economy or window-sticker value of new vehicles sold in the U.S. in May 2016 was 25.4 mpg—up 0.2 mpg from the value for April 2016, the UM’s Transportation Research Institute reported.

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“This improvement likely reflects the increased price of gasoline in May, and the consequent increased interest in more fuel-efficient vehicles by buyers of all vehicle classes,” Michael Sivak, UM researcher, noted.  (more…)

Automakers Struggle as Small Car Sales Slide

Midsize models also taking a hit as cheap gas lures shoppers to SUVs and CUVs.

by on Apr.12, 2016

Dodge will now offer just 3 versions of the Dart.

Desperate to reverse declining sales of some of its smallest passenger cars, Fiat Chrysler Automobiles is trimming back the line-up of its compact Dodge Dart line and cutting as much as $1,600 off the sticker price of the three remaining models.

The Detroit maker isn’t alone. Across the industry, automakers are struggling to shore up demand for their sedans and coupes, especially the compact and smaller models that have been especially hard hit by the past year’s sharp dip in fuel prices.

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Manufacturers are ramping up incentives, trimming model lines and, in some cases, cutting production or moving it offshore in a bid to reduce production costs.

“We are repositioning the Dart lineup to better align production and dealer inventory with consumer demand and preference,” Tim Kuniskis, FCA’s head of passenger car brands.

(more…)

New Vehicle Sales Holding Strong in February

Compact car sales going strong this month.

by on Feb.23, 2016

Longer, lower, roomier. Honda's 2016 Civic is one of the compact cars enjoying strong sales in February.

Despite the uncertainty that has rippled through the economy since the start of the year, new car sales have remained robust.

New-vehicle sales this month are expected to increase 8.1% from a year ago, according to a monthly sales forecast developed by J.D. Power and LMC Automotive.

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The SAAR for total sales is projected to reach 17.7 million units in February 2016, up 1.4 million units from 16.4 million a year ago when much of the country was snowbound and the highest rate since 2000 when it briefly reached 18.9 million units. (more…)

GM Set to Add Array of New Utility Vehicles

Chevrolet to get new midsize CUV.

by on Dec.29, 2015

The Cadillac XT5 at its LA debut, along with Caddy Pres. Johan de Nysschen and GM global product development director Mark Reuss.

This year’s slide in fuel prices has led to a big surge in sales of utility vehicles, whether conventional sport-utes or the newer, car-based crossovers. And General Motors plans to take advantage of that shift away from conventional sedans and coupes by adding an assortment of new utes to its line-up.

They range from downsized models, such as the soon-to-debut Buick Envision, to the big Cadillac XT5. And GM’s four U.S. brands plan to fill in as much white space as possible with either all-new utility vehicles or variants such as the GMC Acadia Denali.

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“We keep expanding the plan.” Johan de Nysschen, the president of the Cadillac brand, told TheDetroitBureau.com following the official unveiling of the new XT5 at the Los Angeles Auto Show last month.

(more…)

Automakers Expected to Enjoy Robust September Sales

Holiday weekend helped push buyers to showrooms.

by on Sep.25, 2015

September auto sales are expected to be strong with a long holiday weekend luring new car buyers into dealer showrooms.

September is promising to be a very good month for the auto industry as a long holiday weekend at the beginning helped pump up sales, according to Santa Monica, California-based True Car Inc.

True Car, a consumer-oriented buying services, is predicting that the seasonally adjusted annualized rate or SAAR for total light vehicle sales should reach 17.7 million unit in September, which will be the best total in more than a decade, versus the very respectable total of 16.5 million units a year ago.

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With a number of car makers, among them Subaru, Kia, Hyundai, Ford and Honda, expected to post substantial gains, total new vehicle sales, including fleet deliveries, may rise 12.6% to 1,403,200 compared to 1,246,006 a year ago. (more…)

BMW Unveils New X1 Luxury Compact Crossover

Maker recovers from executive slip to hype new CUV.

by on Sep.17, 2015

The 2016 BMW X1 is taller, longer and wider than its predecessor making for a more comfortable ride.

Lost in the hubbub surrounding the collapse of Harald Krueger, BMW’s CEO, is the fact the Bavarian brand has its next-gen luxury compact crossover, the X1, ready for the market just as sales in the segment are taking off.

The compact crossover area is growing not only in terms of the metal moved by dealers, but also in the number of companies participating in the arena. The luxury portion of the market is growing faster than the rest so the company’s timing is perfect.

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The new X1 is is taller, wider and longer than its predecessor meaning that the smallest of BMW’s crossov, er, sports-activity vehicles has more room for passengers and a better view of the road for the driver. (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…)

Hot Summer Auto Sales Continue Sizzling in July

Buyers keep industry on track for best year in a decade.

by on Jul.27, 2015

Despite some difficult times recently, Fiat Chrysler is expected to continue its streak of consecutive months with a sales increase to 64 in July.

New-vehicle sales remain robust during July as the auto industry continues to track towards its best year in a decade despite the uncertainty created by the slow-growing U.S. economy.

Sales are expected to increase 2.6% year-over-year in July 2015, resulting in an estimated 17.1 million seasonally adjusted annual rate, according to estimates from Kelley Blue Book and J.D. Power.

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“As the industry settles into the summer selling season, new-car sales are expected to remain consistent with last month’s numbers, representing modest and slowing growth versus last year,” said Alec Gutierrez, senior analyst for Kelley Blue Book.  (more…)