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Posts Tagged ‘new vehicle sales’

Buyers Take a Breather as August Auto Sales Slump

Makers hoping for strong September to regain momentum.

by on Sep.01, 2016

New vehicles sales hit the brakes in August as buyers appeared to take a break from the market.

Sales of new vehicles stumbled in August and as a result General Motors, Ford, Nissan and Toyota all reported significant drops sales year over year but transaction prices continued to increase right along with incentives, analysts said.

But Fiat Chrysler Automobiles N.V., which has come under for its reporting methods, said its sales increased 3% last month thanks to a strong showing by the Jeep brand, which continues to win new customers with its sport utility vehicles.

The Journal of Record!

Audi also posted a 2.5% sales increase, but Volkswagen, which has been in year-long sales slump, said its sales dropped 9%. (more…)

New Car Sales Slide in August

Decline comes as makers are spending big on incentives.

by on Aug.26, 2016

Analysts are expecting August new vehicle sales to dip despite the highest incentives on new cars in a year.

Sales of new vehicles have hit a speed bump during August, even as incentive spending increased, according to a new estimate by analysts.

A monthly sales forecast developed jointly by J.D. Power and LMC Automotive indicates that new-vehicle retail sales in August are expected to drop 6.5% from a year ago, and total new-vehicle sales are expected to slip 5.2%.

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The Seasonally Adjusted Annual Rate of sales or SAAR is also expected to drop to 16.8 million units in August, according to the J.D.Power and LMC Automotive model, which leans heavily on sales data collected from new car dealers around the country. (more…)

Jaguar, Land Rover, Volvo Gaining on Luxury Leaders

BMW, Lexus ceding ground to other brands.

by on Aug.04, 2016

The F-Pace is Jaguar's first utility vehicle and helping the brand gain on traditional luxury sales leaders in the U.S.

Strong sales by Volvo and Jaguar are giving the luxury market in the U.S. a new look and challenging for the first time in a decade the dominance of BMW, Mercedes-Benz and Lexus.

Mercedes-Benz is the top luxury brand in the U.S. and it increased its sales by 7% during July as the industry seasonally adjusted annual rate of sales topped 17.88 million units, the best number so far this year. But both BMW and Lexus saw their sales decline. BMW sales dropped 4% and Lexus sales dropped 6.5%

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Volvo and Jaguar sales jumped dramatically in July and both brands are winning converts this year and moving up on other brands that appeal to affluent luxury buyers, such as Infiniti and Acura. During July, JLR sold only about 500 fewer vehicles than Infiniti, according to the latest sales reports. (more…)

US New Vehicle Sales Sputter Slightly in July

GM, Ford and Toyota saw sales slide last month.

by on Aug.02, 2016

Nissan continued to see sales increase in July. The Nissan division saw its sales jump 1.7% compared with last July's results.

New car sales sputtered in July as Fiat Chrysler, Audi and Nissan and Honda all posted small gains, but General Motors, Ford and Toyota all saw their sales decline from year-ago-levels as sales remained stable but flat as buyers continued to snap up truck and utility vehicles of all kinds.

General Motors sales fell 1.9%. So far this year, GM sales are down 4% and GM executives have blamed the drop on a shift in strategy, which has seen GM reduce sales to rental fleet customers.

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“Our retail-focused plan is working and as availability of our new cars, trucks and crossovers continues to grow, we expect to keep our retail sales momentum going and our strong margins intact,” said Kurt McNeil, U.S. vice president of Sales Operations, noting GM’s daily rental deliveries are down 38% from a year ago.   (more…)

Have US Auto Sales Hit Their Peak?

Several key analysts dial back their forecasts.

by on Jul.12, 2016

While no one's predicting a major downturn, some analysts are dialing back their auto sales forecasts.

It wasn’t supposed to be nearly as good a ride. Coming out of the Great Recession, which saw U.S. auto sales plunge to their lowest level in more than half a century, industry planners had expected to see only a modest recovery. But consumers defied expectations and raced to showrooms in record numbers.

Now, however, the good times may be over. While no one appears ready to predict another major downturn, several key analysts are dialing back on their sales forecasts for the coming years.

A Look at the Future!

While the industry’s current, modest growth, “may go into part of next year, we’ve peaked,” said Dave Sullivan, a senior automotive analyst with the consulting firm AutoPacific, Inc. There are signs that much of the market has “already” leveled off, said Sullivan. (more…)

Auto Sales Outlook is Strong for Second Half

Despite positives, some traditionally strong players suffered losses.

by on Jul.05, 2016

Nissan is enjoying a nice surge in sales during the first half of 2016, in part due to its new ads and in part due to an improving economy.

A full range of manufacturers such as Ford, Fiat Chrysler, Volvo, Jaguar Land Rover, Nissan, Kia and Honda posted strong results for the first and while the year-over-year sales increases have slowed dramatically overall, the industry is still expected to set a new all-time sales record by the end of the year.

Stephanie Brinley, an analyst of IHS Automotive, said IHS has seen no reason to change its forecast of total sales for 2016. IHS expects sales of 17.64 million units, which would be a new all-time record.

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At the same time, average transaction prices continue to creep upwards despite an increase in incentive activity, which was evident during the Fourth of July Holiday as manufacturers such as Mercedes-Benz and Buick advertised deals. (more…)

Automotive Fuel Economy on the Rebound

Improvement comes despite rise in SUV, crossover sales.

by on Jun.03, 2016

The rising sales of SUVs and crossovers hasn't hindered the recent improvement in nation's average fuel economy.

With the marketshare of truck and utility vehicles fast approaching 60% and gasoline prices at their lowest level in a decade, the fuel economy of the vehicles American drive is still improving, according to a new survey by the University of Michigan.

The average fuel economy or window-sticker value of new vehicles sold in the U.S. in May 2016 was 25.4 mpg—up 0.2 mpg from the value for April 2016, the UM’s Transportation Research Institute reported.

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“This improvement likely reflects the increased price of gasoline in May, and the consequent increased interest in more fuel-efficient vehicles by buyers of all vehicle classes,” Michael Sivak, UM researcher, noted.  (more…)

Luxury Car Sales Hit The Skids in 2016

Despite sluggishness, sport-ute sales jumping.

by on Jun.02, 2016

The Mercedes GLE saw sales rise in the U.S. in May. The German maker's sport-utes are showing sales increases in 2016.

Sport utilities and crossovers are still enjoying strong sales, however, the overall market took a hit in May, and luxury vehicles were smacked by the same problems as less expensive siblings: slow sales for sedans.

While the battle for luxury supremacy remains hot, it was especially challenging in May with two fewer selling days. Mercedes took the lightest hit of the top three luxury brands in the U.S. as sales fell just 1% in May, BMW was next down 6.4% for the month and Lexus was last at 10.1%.

Luxury Sales News!

“Sales continue at a steady pace in the second-quarter,” said Dietmar Exler, president and CEO of MBUSA. “Excitement is building as we look toward the coming months with the launch of three new dream cars, including the S-Class Cabriolet, SL and SLC Roadsters and the all-new E-Class Sedan.” (more…)

Women Driving Growth in SUV Sales

Small utes beneficiary of latest trend, survey says.

by on Jun.01, 2016

Women are having a bigger impact on auto sales than ever, including the rise in SUV sales.

It’s pretty well known that women buy more than half the new vehicles sold in the U.S. every year and influence at least 80% of all vehicle purchases. So it should come as no shock that it’s women who are leading the uptick in sport-utility and crossover sales.

More specifically, it is single women who led the charge last year, which helped the industry achieve its new single-year sales record of 17.5 million units.

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In the last five years, small SUV sales to women rose 34%, compared to a 22% rise for men, according to MaritzCX, a customer-experience software and research company. (more…)

Strong Holiday Weekend Needed to Eclipse Sales from Last May

Analysts warning that auto sales are flattening out.

by on May.20, 2016

Ford's SUV sales in April were red hot with the Explorer up 13%. They'll need a repeat performance in May to keep sales predictions on track for 2016.

Automakers are counting on strong new-vehicle sales over the Memorial Day holiday weekend to give May sales the boost needed for a moderate increase over 2015 results, according to a monthly sales forecast developed jointly by J.D. Power and LMC Automotive.

New-vehicle retail sales in May are expected to increase by a modest 2% from a year ago on a selling-day adjusted basis, but the actual sales totals will drop year over year, according to the forecast.

Sales News!

The final figures for the month will depend on the Memorial Day weekend, which historically is one of the best sales weekends of the year at car dealerships across the country, Power’s analysts noted. However, there are two fewer selling days than there were in 2015 when strong sales in May led to strong sales through the summer and fall. (more…)