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Posts Tagged ‘GM sales’

January Car Sales Jump Despite Winter Storms

Makers seeing double-digit increases last month.

by on Feb.03, 2015

GM posted a double-digit sales increase for January as its midsize pickups continue to be hot sellers.

Despite some harsh the harsh winter weather across a substantial portions of the U.S., new vehicle sales got off to a fast start in 2015 with Chrysler, Ford, General Motors and Nissan all reported double-digit sales increase sales during January as sales of trucks and utility vehicles continued to gain momentum.

GM reported its best January sales in seven years. Total sales were up 18% compared to a year ago. Retail sales were up 14% and fleet deliveries were up 32%.

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“Consumers feel very good because more people are working, the U.S. economy is expanding and fuel prices are low,” said Kurt McNeil, U.S. vice president of Sales Operations. (more…)

Toyota Could Lose Sales Lead to VW This Year

Japanese giant plagued by problems in China.

by on Jan.26, 2015

A Toyota dealership in China was burned in 2012. Weak demand there could let VW pass the Japanese giant.

Toyota’s worldwide sales surged 3% last year, once again positioning the Japanese giant as the world’s top-selling automotive manufacturer. But with Toyota officials glumly anticipating a modest decline in 2015, the Japanese maker could cede leadership to its ambitious German rival Volkswagen AG.

Assign credit – or blame, if you prefer – to China. VW continues to dominate the world’s largest automotive market even while Toyota struggles to gain traction there. Japanese makers, in general, have had serious problems making headway in China, especially after tempers flared due a dispute between the two Asian nations over ownership of a chain of strategically placed islands.

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At one point, rioters burned a Toyota dealership and damaged 100s of Japanese vehicles. Sales have only slowly begun to recover, but Toyota’s sales in China are still barely a third of those of the market’s top two manufacturers, Volkswagen and General Motors.

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Toyota Takes Top Sales Spot in 2014

VW, GM look to make up ground and grab lead in 2015.

by on Jan.21, 2015

Toyota is the world's biggest selling automaker in 2014 with 10.23 million vehicles sold around the world.

The contest to see which automaker is king of the global sales mountain ended today with Toyota declared the winner with 10.23 million vehicles sold in 2014.

Volkswagen, which is attempting to capture the crown by 2018, came in second with 10.14 million units sold: a 4% increase over 2013. General Motors, which had held the title for decades, is third place with 9.92 million, which is a 2% jump.

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However, Toyota’s time atop the mountain is likely to end in 2015. The automaker predicted its global sales will drop in 2015 to 10.15 million units. While that may seem like an opportunity for VW to slide into the top spot this year, its U.S. sales have been sluggish. (more…)

GM’s Barra “More Impatient…More Determined”

CEO lays out strategy for 2015; zero defects, more trucks – but more green cars, as well.

by on Jan.08, 2015

GM CEO Barra, "less patient." than before.

It was a “year of great disappointment, but also a year of great progress,” said General Motors CEO Mary Barra as she summed up her first, tough year on the job and outlined the challenges and goals she is facing for 2015.

The first female CEO of a major global automaker, Barra took on her new role just weeks before GM announced the recall of 2.6 million vehicles equipped with faulty ignition switches now linked to the deaths of at least 42 people. That was clearly apparent in the comments the 53-year-old Barra made, stressing her intent to turn GM into a “zero-defects company.”

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On a personal level, the GM CEO said the events of the last year have made her “more impatient and more determined” to deal with a corporate bureaucracy that had, in the past, made it difficult to achieve any real change – and which led to not just the recall crisis of 2014 but the GM bankruptcy five years earlier.

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GM Enjoying Strong October Sales

Full-size pickups leading maker to another strong month.

by on Oct.15, 2014

In October, strong sales of the Chevrolet Silverado are pushing GM to a repeat of last month's results.

With sales of truck and utility vehicles going strong, early returns indicate October will be another good month for General Motors, executives said this week.

Sandor Piszar, Chevrolet director of Truck Marketing, said before a presentation on GM’s truck sales that overall sales of new vehicles have remained strong during the first part of October. So far this month, sales have basically continued on the same path as they were on during September, according to the reports from dealers, he said.

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Chevrolet sold more than 50,000 Silverado trucks in September, resulting in a share gain of 6.5 percentage points in the large pickup truck market and making it the current-generation Silverado’s best sales month since its launch. (more…)

Trucks, Crossovers, Luxury Cars Lead Strong Sales

Ford sees sales drop due to decision to cut fleet sales.

by on Oct.01, 2014

Honda's CR-V helped the Japanese maker to a double-digit sales jump in September.

Strong sales of luxury vehicles, trucks and crossovers continued to pace the auto industry’s performance during September with several carmakers, including Acura, Audi, Chrysler, General Motors, Honda, Nissan, Mercedes-Benz and Subaru all reporting double-digit increases as the seasonally adjusted annual rate of sales exceeded 16.4 million units.

Larry Dominque, True Car executive vice president, said what was particularly impressive was that the industry managed to continued to grow in September without increasing incentives.

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“The daily sales rate is up about 5%,” Dominque noted, “while the ratio of incentives to transaction prices has remained very stable indicating the market is basically healthy.” (more…)

GM Enjoys Double-Digit Sales Increase in September

Ford takes hit in transition to aluminum F-150 truck.

by on Oct.01, 2014

Sales of the 2015 Chevrolet Suburban were up 50% in September, helping the maker to a 19% overall increase, including 17% at the retail level.

General Motors, Nissan and Audi all reported major sales gains during September as sales of new vehicles remained strong. However, with its stock price under pressure, Ford Motor Co. reported that its sales – and marketshare – continued to shrink during the past month.

Reid Bigland, head of U.S. Sales, said Chrysler, Jeep, Ram Truck and Fiat brands each posted year-over-year sales gains in September as Chrysler Group’s overall sales increased by 19%.

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Jeep’s 47% increase was the largest sales gain of any Chrysler Group brand and its best-ever sales in the month of September. Chrysler Group extended its streak of year-over-year sales gains to 54 consecutive months. (more…)

VW Builds Up Edge over Rival in China

Success in Asia helping maker to be largest in world.

by on Sep.23, 2014

Volkswagen AG’s various operations in China have combined to build up a significant lead over rival General Motors even as both companies chalked up double-digit sales increases during the first eight months of 2014.

Volkswagen's plants in China are still churning out new vehicles as the maker enjoyed a double-digit sales increase through August.

The VW Group’s Chinese sales have grown by 16.5% so far this year and now total 2.4 million units, giving VW a lead of roughly 140,000 units over its chief competitor. The strong sales in China also have helped the VW Group increases sales so far this despite what Christian Klinger, the executive in charge of VW sales worldwide, described as a “tense economic environment.”

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So far this year, sales the VW Group, which includes VW, Audi, Porsche, Skoda, Seat, Lamborghini and Rolls Royce, are up 5.6%. (more…)

Automakers Defy Expectations with August Sales

Chrysler, Nissan, Ford, Toyota all post gains.

by on Sep.03, 2014

Nissan Rogue sales were up 24% in August, helping the company to an 11.5% increase overall.

Easy credit, rising consumer confidence and strong demand for utility vehicles and trucks pushed new vehicle sales upward towards a seasonally adjusted average rate of 17 million units in August, helping the auto industry maintain the momentum it had built up throughout the summer.

Chrysler, Ford, Audi, Nissan, Hyundai, Toyota all posted sales gains during August while General Motors and Volkswagen reported their sales dropped last month despite the strong consumer demand for new cars and trucks.

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The strong results defied analyst expectations of a small overall increase of just .1%. In fact, multiple automakers reported they expected industry-wide August sales to rise 3% overall. The early reports support their assertions. (more…)

Detroit Automakers Lead July Sales Increases

Chrysler and Ford hit double-digit gains; GM just misses.

by on Aug.01, 2014

The new Jeep Wrangler posted a 14% increase last month for its best-ever July sales result.

With Detroit’s automakers leading the way, new car sales remained very strong during July thanks to an improving economy, ample financing and the appeal of new products that have given automakers a major lift.

Transaction prices also continued to exceed $32,000 per unit as consumers and automakers remained willing to take on more debt for a new vehicle and carmakers and banks remained more than willing to underwrite it. Analysts said.

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Chrysler Group continued to roll last month reporting a 20% increase compared with sales in July 2013. The Chrysler, Jeep, Dodge, Ram Truck and Fiat brands each posted year-over-year sales gains in July compared with the same month a year ago. (more…)