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Posts Tagged ‘new car sales record’

Strong Sales by Smaller Brands Boosted 2016 Results

Luxury car brands enjoys strong results.

by on Jan.05, 2017

Hyundai helped U.S. auto sales to a second-consecutive record-setting year with a 1.7% increase.

An increase in sales by Hyundai, Kia and Subaru as well as gains by brands such as Tesla, Volvo, Jaguar Land Rover and even Mitsubishi helped the U.S. auto industry set a new sales record – again – in 2016.

The sales tally from Autodata showed that, despite widespread expectations that it would hard for the industry to beat the 2015 record of 17.47 million units, sales increased by 0.4% to 17.55 million units in 2016 breaking the year-old record.

The Journal of Record!

Of the 17.55 million units, 10.45 million were trucks, according to Autodata, as sales of passenger cars dropped by more than 600,000 units, putting pressure on passenger car production plants in the U.S. and Mexico. (more…)

US New Car Sales for 2016 Expected to Set Another Record

Analyst predicting a 5K-vehicle bump over 2015.

by on Dec.23, 2016

Analysts are predicting 2016 will be a record-setting year for new vehicle sales in the U.S.

With a strong finish, the total new light vehicle sales in 2016 are expected to reach a 17.5 million units, setting a new record and eclipsing the mark set only a year earlier, analysts predict.

Light-vehicle sales in 2016 are expected to reach a record 17.5 million vehicles, surpassing the previous high set in 2015 by 5,000 units, according to a forecast developed jointly by J.D. Power and LMC Automotive.

News Now!

Deutsche Bank analysts said in a note this week that U.S. auto sales are tracking at a seasonally adjusted annual rate of 17.6 million units in December, up 2.4% year-over-year in absolute units, adjusted for one fewer selling day. (more…)

New Vehicle Sales Expected to be Flat in July

Many analysts believe sales run peaked last year.

by on Jul.29, 2016

New car sales are expected to flatten out in July, but makers are still tracking for a record year.

New vehicle sales are expected to drop 1% year-over-year to a total of 1.5 million units in July 2016, resulting in an estimated 17.5 million seasonally adjusted annual rate, or SAAR, according to Kelley Blue Book.

The estimate is in line with a growing consensus that sales of new vehicles peaked during the summer and fall of 2015 and the growth of sales has flattened out in recent months. However, the competition for those sales has intensified as the recent furor General Motors use of incentive “increases” revealed.

Auto Insider!

Chuck Stevens, GM’s chief financial officer, said the discounts GM offered over the Fourth of July was a “tactic” and not a signal that GM was preparing to make broader use of incentives. (more…)

November Truck Sales Set Industry Up for All-Time Record

Black Friday sales, cheap gas, strong truck demand all played a role in a strong month.

by on Dec.01, 2015

Subaru smashed through its previous yearly sales record with a month to go after enjoying strong results in November.

This story has been updated to include more recent results from Volkswagen and Honda.

Sales records toppled like dominoes in November, Subaru among a number of manufacturers to set all-down highs with a month yet to go before the books close on 2015. Overall, sales are expected to be up 3.9% compared to November 2014.

Barring an unexpectedly slow December, the industry should wrap up not only its best year since the devastating Great Recession but its best year ever, with most industry analysts predicting even better numbers to come in 2016 before the U.S. car market finally starts to level off.

Sales News!

General Motors, Fiat Chrysler Automobiles, Ford, Nissan, Infiniti and Subaru were among the automotive brands reporting sales increases for November. While some manufacturers won’t weigh in until the end of the day, the seasonally adjusted annual sales rate, or SAAR, appeared likely to reach 18 million, boosted in part by Black Friday sales. (more…)