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Posts Tagged ‘new vehicle sales December’

New Vehicle Sales Sputter in December

Same old news: car sales down, trucks and SUVs up.

by on Jan.03, 2018

Ford posted strong sales in December, and its Explorer post its best results since 2005.

This story has been updated to include results from additional automakers.

Despite the usual year-end push to get vehicles out the door, most automakers endured tough sledding in December.

General Motors, Fiat Chrysler, Toyota, Nissan, Jaguar Land Rover and Volkswagen all reported sales decreases for December while Ford Motor and Audi reported modest gains as the auto industry finished a year in which the growth in overall sales stopped and then declined.

Sales News!

While overall results were unimpressive, sales of trucks and sport utility vehicles remained robust at year end. Volkswagen, which has long been dependent on sales of passenger cars, reported that 48% of its sales in December were SUVs. VW wasn’t alone in enjoying strong SUV sales last month. (more…)

Analysts Predicting December Sales Slide

This year expected to be fourth-best sales result ever.

by on Dec.28, 2017

New vehicle sales in December are expected to decline 7%, according to analysts.

Despite dropping millions of dollars on advertising during the holidays, analysts estimate that sales of new vehicles in December 2017 will drop 7% year-over-year with virtually every major manufacturer seeing its sales drop.

However, manufacturers can take comfort from the fact that this December will be the best sales month of 2017. This year will end at 17.1 million units sold, which is a 2% drop from last year, but still the fourth-largest sales total in history.

News Now!

“December should be the biggest sales month of the year, and despite our expectations for significant year-over-year declines, the projected SAAR of 17.6 million would be the third-highest of the year,” said Tim Fleming, analyst for Kelley Blue Book.  (more…)