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New Vehicle Sales Regain Some Momentum in June

Industry back on track for record year.

by on Jul.01, 2016

The introduction of the revived Honda Ridgeline pickup truck helped the maker to a sales increase for the company in June.

Sales of new vehicles held steady in June after taking an unexpected slump the month before, with several automakers posting the sort of incremental gains that kept the auto industry pointed towards another record year.

Fiat Chrysler Automobiles, Ford Motor Co., Nissan and Honda all reported sales increases. But Toyota reported a 5.6% drop in sales, its Lexus brand off by 1.3%. It was a split decision for several makers, the Honda brand up, its Acura luxury marque losing 27%. And while Volkswagen continued to feel the effects of its diesel scandal with a 22% decline, its Audi arm scored its 66th consecutive monthly sales gain.

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The industry, overall, was expected to ring up to a record $51 billion in new vehicle sales for the month, in part by “maintaining a reasonably disciplined approach to incentive spending as the overall pace of sales expansion moderates,” said Oliver Strauss, chief economist for data tracking firm TrueCar. (more…)

Luxury Brands Cruise to Strong Sales in June

SUVs, crossovers push makers to big results.

by on Jul.01, 2015

BMW's SAVs posted a 75.3% increase in June offsetting a 12.9% drop in car sales.

Improvements in consumer sentiment, low interest rates and the steady growth in the sales of truck and utility vehicles, including those sold by luxury brands, helped set the torrid pace for sales in June, which boosted the seasonally adjusted annual rate of sales or SAAR past 17 million units.

Luxury brands performed well last month, led by BMW reporting a 6.5% increase, including a 75.3% increase in sales in utility vehicles that helped offset a 12.9% drop in sales of BMW’s vaunted passenger cars.

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The same pattern prevailed at Mercedes-Benz, which posted record sales in the first half of the year after a 5.8% increase in June with strong sales of the C- and E-Class models. As a whole, first-half sales of Mercedes-Benz passenger cars totaled 101,212, increasing 3.5% from the same period in 2014. (more…)

Makers Moved Metal by Offering Money

Incentives rose in June keeping the good times rolling.

by on Jul.01, 2015

Slow sales means big incentives on some vehicles, such as the Kia K900 which had $8,000 slapped on the hood to lure in buyers.

Automakers in the U.S. enjoyed a monumental month in June with double-digit sales increases seeming to be the norm as they reported the results.

The results were so positive at least one organization – the National Automobile Dealers Association – revised its expected sales number for 2015 upward to 17.2 million vehicles: a 200,000-unit jump.

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In order to keep that smoking hot sales pace, some automakers sweetened the pot for certain buyers. Hyundai was the leader of the pack on increased incentive spending with a 34.5% jump over last June and 5.6% spike from May. (more…)

June Auto Sales Heating up Record Books

Analysts expecting best monthly result in a decade.

by on Jun.26, 2015

Buyers filled the showrooms of car dealers and adding to the bottom lines of automakers in June.

With record amounts of cash flowing through the nation’s showrooms, sales of new vehicles have continued to boom during June, analysts report, putting the industry on track to post its best sales in more that a decade.

TrueCar Inc., the car buying service, expects retail auto sales to consumers will rise 7.9% in June compared with a year ago as robust demand, married with promotions by automakers, kicks off the summer-selling season. Total industry volume, including fleet deliveries, may increase by 6.3%.

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New vehicle sales, including those to daily rental and commercial fleets, should rise to 1.5 million units this month from 1.4 million the highest since 2005. (more…)

U.S. Auto Sales Hit 16.6 Million Units in June

GM sees small increase while others enjoy stronger results.

by on Jul.01, 2014

The all-new 2015 Audi A3 is helping the German maker to another banner year in 2014.

Overall June was another stellar month for U.S. automakers, General Motors faced positives and negatives. The automaker’s sweeping recalls managed to divert attention away from the troubles at Cadillac and its flat sales.

Despite those issues GM managed to eke out a 1% sales increase despite predictions that sales might fall under the weight of an unfavorable year-to-year comparison and the din from the recalls. But Cadillac sales increased less increasing by only one-tenth of 1%.

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Meanwhile, the luxury brands from Germany and Japan continued to post sales increases. Mercedes-Benz, BMW, Audi, Jaguar Land Rover and Lexus all reported sales hikes. Mercedes, Audi and Lexus posted double-digit increases. Among Cadillac’s rivals in the luxury space, only Infiniti and Volvo, both of which are facing challenges gaining credibility among luxury buyers, saw sales decline. (more…)

Car Sales Deliver an Upside Surprise

Industry defies a weak economy.

by on Jul.03, 2012

Sales of products like the new Prius C drove Toyota to a more than 60% sales jump in June.

Jobs may still be scarce and Europe’s economic uncertainties may be threatening to drag the U.S. economy down again but you’d be hard-pressed to tell based on the unexpectedly strong performance of the U.S. auto market in June.

Japanese manufacturers reported strong double-digit gains, driven in part by comparison against last year’s disastrous June numbers – which reflected shortages caused by Japan’s March earthquake and tsunami.  But U.S. makers also saw a surge in demand that resulted in some of the best sales Detroit manufacturers have seen in years.

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Chrysler Group LLC and General Motors Co. both posted double-digit sales increases during June despite widespread economic uncertainty, while Ford Motor Co. finished the month with a modest single-digit increase.

Overall, the June numbers reflect an uptick in the Seasonally Adjusted Annual Rate, or SAAR, to more than 14 million — up from the 13.7 million SAAR posted for May, automakers said.

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U.S. June Auto Sales – Notes and Quotes

The oil spill in the Gulf of Mexico is now stalling the auto industry’s recovery? Regional variations are now large.

by on Jul.02, 2010

Bob Carter, Toyota Motor sales vice president, said the sales data reflected some distinct regional variations. “The East Coast and Midwest continued to show growth,” he said during a conference call with reporters.

Sales on the West Coast were essentially flat but sales in states around the Gulf of Mexico actually declined year over year, suggesting the BP massive oil spill has disrupted the regional economy, Carter said.

Overall, the industry posted a 14.4% sales increase in June, but the sales data also showed that sales were down noticeably from May. (See Toyota’s June Sales Slide. The Japanese Big Three Tread Water as U.S. Auto Market Contracts)

General Motors reported its sales increased by 36% last month, marking sixth consecutive month in which sales of its key brands increased year-over-year by more than 20%. However, GM’s sales were off roughly 14% from the levels reported in May, indicating the sales tempo had slowed. (See June U.S. General Motors Sales Up 11%)

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Numbers!

Ford also reported 15% increase in sales during June, and so far this year the company’s sales have climbed 28% during the first half of 2010 as the company continued to gain market share. However, Ford’s sales dropped by 8% on a month-to-month basis.

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Toyota’s June Sales Slide. The Japanese Big Three Tread Water as U.S. Auto Market Contracts

Honda, Nissan are not closing gap with the retail sales leader.

by on Jul.01, 2010

Camry is still the sales leader.

Toyota Motor Sales (TMS), U.S.A. today reported June 2010 sales of 140,604 units, down from 162,813 last month. Fewer than 12,000 of those sales were from fleet sales.

American Honda Motor Company posted June sales of 106,627 vehicles, an increase of 6.2%.

Nissan North America, Inc. (NNA) reported June sales of 64,570 units versus 58,298 units a year earlier, an increase of 10.8%, compared with June 2009.

Industry passenger cars sales grew at an estimated 9%; trucks at about 20%.

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Insight!

Toyota sales were up 6.8% compared with the year-ago month when Toyota was benefitting from the collapse of Chrysler and General Motors. That was also well before Toyota’s subsequent recall of millions of vehicles for unintended acceleration problems, though, which are now implicated in the deaths of 89 people and the subject of hundreds of lawsuits. Toyota says it has repaired 4 million vehicles for various recalls so far this year, and its Lexus Division is facing at least one more. (See Toyota to Recall 270,000 Lexus Models for Stalling)

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June U.S. General Motors Sales Up 11%

Chevrolet, Buick, GMC, Cadillac Increase 36%, but not enough to offset the lost sales from the now defunct four brands.

by on Jul.01, 2010

GM hasn't stopped the sales loss caused by closed brands. New models are strong, though.

Dealers for General Motors delivered 195,380 vehicles in June compared with 176,574 one year ago when it was in bankruptcy, a gain of 10.7%.

It remains in the Number One Spot in U.S. sales. by a healthy margin.

However, in May of this year GM sold  222,000 vehicles, so June represented a setback in what was a slow recovery in vehicle sales.

Year-to-date, GM sold 1,080,521, or 13% more than the corresponding year earlier period. The industry is up 17% for the same period.

This is 17,022 fewer units CYTD than 2009, when the now cancelled Hummer, Pontiac, Saab and Saturn brands were still operating. The overall market is up 17% YTD through May. Therefore, GM  is lagging the movement in the market.

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Unspun Numbers!

GM prefers to cut the numbers differently, pointing out that June sales for Chevrolet, Buick, GMC and Cadillac increased by a combined 36% to 194,828 units in the United States. This is the sixth straight month in which sales for GM’s remaining brands increased year-over-year by more than 20%.

Year-to-date sales for the four brands also have risen 32% to 1,069,577 units – an increase of 258,368 units compared to last year.

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Oops! U.S. June Auto Sales Down Further

Projections continue to point toward an ongoing decline.

by on Jun.30, 2010

Weakness in new-vehicle retail sales experienced during the first half of June has progressed at an accelerated rate through the remainder of the month, pulling the retail selling rate below 8.5 million units, according to J.D. Power and Associates.

Power had originally projected that new-vehicle retail sales were expected to come in at 768,000 units, which represents a seasonally adjusted annualized rate (SAAR) of just 8.6 million units. Final results from AutoData Corporation will be in late tomorrow.

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Ups and Downs!

The difference amounts to about half of the annual output of a typical final assembly plant, not counting the negative effects on production of component parts, such as engines and transmissions at supporting plants.

Thus, the Global Great Recession continues as the U.S. Congress grapples with a bill to regulate the reckless practices of Wall Street, which crippled the global economy in the fall of 2008. Republicans oppose the bill.

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