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Posts Tagged ‘march auto sales’

Ford, GM Report Better-Than-Expected March Sales in China

Ford sales increase while GM posts small drop as SUV sales reign supreme.

by on Apr.08, 2016

Sport-utes continue to be the savior of sales in China for General Motors and Ford.

General Motors and Ford Motor Co. succeeded in holding their ground or growing sales in China in the face of some major headwinds with help of strong showings by their luxury brands, Cadillac and Lincoln.

Ford reported 2016 as first quarter sales in China increased 14% compared to the same period last year, with 314,454 vehicles sold. Sales of Ford-branded vehicles reached 114,788 in March, up 5% compared with March 2015.

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Lincoln has also had a strong start to the year with 5,484 vehicles sold in the first quarter, a three-fold increase compared with the same time in 2015. Lincoln’s strong performance in the first quarter was supported by the growing number of dealerships, which reached 37 by the end of March, and Chinese customers’ positive reception of Lincoln SUVs, Ford officials noted. (more…)

Diesel Scandal Continues to Hammer VW

March sales plunge, but sibling Audi, Porsche brands largely unscathed.

by on Apr.01, 2016

VW's big incentives haven't been able to overcome the loss of its TDI models.

The ongoing crisis triggered by Volkswagen’s diesel emissions cheating scandal continued to take a toll on the automaker last month.

The VW brand reported a 10.6% sales slide last month, making it one of the few brands to see a dip at a time when the American car market is running red hot. The downturn came despite a sharp increase in VW incentives in recent months.

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The news wasn’t all bad, however. VW did see a strong upturn in demand for its newly updated Tiguan sport-utility vehicle, and sibling brands Audi and Porsche scored big sales gain in March, despite also being tainted by the diesel scandal.


With a Few Exceptions, Automakers Deliver Another Strong Month

Transaction prices set all-time record.

by on Apr.01, 2016

Nissan set a new record for March sales with this year's tally. Overall, sales were up across the board for automakers last month.

While there were a few signs of weakness, the U.S. auto industry managed to keep its sales momentum going in March, the industry delivering a number of new records, notably including the price American buyers paid for their new vehicles last month.

Though industry giants Toyota and General Motors ran into some strong headwinds, delivering only modest, year-over-year increases, other automakers, including Ford, Fiat Chrysler and Honda, posted strong gains for March, Nissan sales reaching an all-time record. Audi, among European makers, reported its 63rd consecutive monthly increase even as the sibling Volkswagen brand continued to feel the impact of its diesel emissions scandal.

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The strong industry performance continued to reflect a surge towards SUVs, crossovers and other light-truck models that now collectively account for about three of every five vehicles sold in the U.S., with little indication recent rises in fuel prices will slow that momentum. (more…)

Automakers Keep Sales Momentum Rolling in March

FCA, Honda staring at double-digit increases.

by on Mar.29, 2016

Early returns on March new vehicle sales numbers suggest that Americans are continuing to buy at a near record pace.

As analysts sift through the early sales numbers from March they have reached some different conclusions, but the overall picture remains relatively stable with the money spent on new vehicles setting a record as sales momentum begins to slow.

J.D. Power & Associates estimated that new-vehicle retail sales in March are expected to drop 2% lower on a selling-day-adjusted basis, which is the first time there has been a year-over-year decline in sales since August 2010.

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However, Kelly Blue Book offered a different interpretation, estimating that March sales are expected to increase 8% year-over-year to a total of 1.66 million units in March 2016, resulting in an estimated 17.2 million seasonally adjusted annual rate or SAAR. Two additional selling days will help this month’s volume totals as the SAAR will stay relatively consistent with recent months. (more…)

Nissan and Honda Trade Potshots – and Warn of Troubles Ahead

Keeping incentives under control key to success.

by on Apr.07, 2015

Honda's John Mendel dismissed any notion that Nissan was gaining sales ground on Honda, pointing out that Nissan relies on fleet sales.

Two of the top Japanese automakers have been trading punches in recent days and, in the process, warning of potential problems to come, especially if the U.S. automotive market continues to slow down.

Sales took an unexpected dip in March after five years of generally steady growth coming out of the Great Recession. That has led a number of industry observers to worry that manufacturers might make some risky moves to shore up their sales and market share.

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“As we see the industry flatten, nobody is flattening production volumes,” said Honda of America Executive Vice President John Mendel. As a result, he warned, “You’ll see some bloody battles out there.” (more…)

Automakers Relish Sales Surge in March

Sales rate pushes past 17 million units.

by on Apr.01, 2015

Dodge Dart sales were up 56% in March, helping FCA to a 2% monthly increase in March.

Despite some difficult year-to-year comparisons, automakers continued to post strong sales in March as the estimated seasonally adjusted annual rate exceeded 17.1 million units.

FCA US, the former Chrysler Group, posted a 2% increase compared with sales in March 2014 and the group’s best March sales since 2007 as its long streak of month-over-month sales increases reached 60. But Toyota posted a 4.9% sales increase tightening its grip on second place in U.S. sales just behind General Motors.

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GM, Ford and Nissan posted modest decreases of between 2 and 3%. Ford’s retail sales were the best in nine years but its fleet sales dropped 13%. GM and Nissan also posted healthy truck sales, but were hit by the weakness in passenger car sales. (more…)

Automakers Poised to Enjoy Big Year in 2015

Sluggish start being offset by confident consumers.

by on Mar.31, 2015

The Ford F-150 assembly should continue humming along in 2015, according to analysts.

With the big New York Auto Show set to open this week, carmakers have every reason to be optimistic about their prospects for the month ahead based on preliminary data.

The economy remains on track to grow 3% this year, up from 2.4% in 2014, according to a new analysis by IHS Global Insight. At the same time, Consumer Sentiments as measured by the University of Michigan monthly survey of consumers.

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Motor vehicle sales are expected to have picked back up to a 17-million annualized pace in March as the weather improved, IHS noted. (more…)

March Auto Sales Expected to Best in A Decade

Slower February sales help bolster results.

by on Mar.23, 2015

March sales are expected to be at their highest level in a decade due to poor weather in February.

Sales of new vehicles have picked up in March and are now expected to reach their best level in a decade, according to a new forecast from J.D. Power and LMC Automotive.

“Inclement weather in February caused many consumers to delay their new-vehicle purchase until March,” said John Humphrey, senior vice president of the global automotive practice at J.D. Power.

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Based on information collected by the Power Information Network, the combination of strong sales and high transaction prices positions March to set a new record for the month for consumer spending on new vehicles at approximately $37.7 billion, Humphrey said. (more…)

Despite Prolonged Winter Sales Bounce Back

FCA, Ford, Toyota, Nissan all report gains.

by on Apr.01, 2014

Ford's F-Series helped the automaker to a 3% sales increase in March.

New car and trucks sales rebounded from a February dip led by some perennial sales “all-stars,” such as the Dodge Ram, Ford F-Series and Nissan Altima.

The seasonally adjusted annual sales rate is expected to come in at 15.8 million units, which is an increase of February’s rate of 15.3 million units. General Motors, which normally reports sales in the morning failed to do so due to a computer error, is expected to post its results by the end of the day today.

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Fiat Chrysler, Ford, Toyota and Nissan all reported sales gains for the month due to the strong sales of trucks and sport utility vehicles. Both Chrysler and Ford beat expectations. (more…)

US Car Sales on the Rise in March

FCA, Ford, Toyota, Nissan all report gains.

by on Apr.01, 2014

FCA's Ram pickup enjoyed its best March sales total in 10 years.

Sales of new vehicles, stalled by bitter winter weather, showed signs of recovery during March as both Fiat Chrysler, Ford, Toyota and Nissan all reported sales gains for the month due to the strong sales of trucks and sport utility vehicles.

Both Chrysler and Ford beat expectations. General Motors delayed release to their monthly sales totals due to a technical problem.

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“We are entering the spring selling season on a high note as our Jeep and Fiat brands recorded their best sales months ever and Chrysler Group extended its streak in March to 48 consecutive months of year-over-year sales increases,” said Reid Bigland, head of U.S. Sales. “Our Ram pickup truck posted its best March sales in 10 years.” (more…)