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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…)

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.

Auto Sales Insight!

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…)

Toyota Reports U.S. Sales Down 7% in July

Leading Japanese maker slips behind, in spite of incentives.

by on Aug.03, 2010

Still the retail sales leader.

Toyota Motor Sales (TMS), U.S.A., Inc., today reported July sales of 169,224 units, a decrease of 6.8% compared to the same period last year on a daily selling rate (DSR) basis.

Overall the industry was up 5.1%, according to Autodata Corp.

On a volume basis, unadjusted for 27 selling days in July 2010 compared to 26 selling days in July 2009, TMS sales were down 3.2% compared to the same period last year.

Looked at either way the ailing Japanese giant is stumbling in a rising market.

Toyota’s Fleet sales remain low versus the Detroit Three, with Toyota at less than 7% of volume. This compares to four times that when compared with Detroit marketing practices.  Moreover, Toyota incentives remain at levels of about 50% to 60% of the industry, which is now running well over $3000 a unit, depending whose numbers you cite.