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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…)

Global Auto Sales Set New Record for 2015

Makers move nearly 90 million cars, trucks, crossovers.

by on Feb.02, 2016

China helped push the industry to a new record in 2015, but ddemand could slow sharply in 2016.

The auto industry set a new sales record in 2015, motorists around the world buying 89.4 million cars, trucks and crossovers, a year-over-year increase of 2.3%.

It was the sixth year in a row that manufacturers set new highs, the industry buoyed by records in a number of key regions, including the United States, India and China, as well as smaller markets like Australia, Turkey, Korea and Mexico.

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But the celebration is sobered by forecasts that global auto sales have leveled off and could even dip a bit in 2016 due to weakness in several markets, notably China. And demand remains in freefall in Russia and Brazil where economic woes have taken a serious toll on consumer spending.

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Cheap Gas, Strong Truck Sales Could Force Review of EPA Mileage Mandate

But “mid-term” review of 2025 standard could come too late for change.

by on Jan.14, 2016

Even in the luxury market, SUVs like the new Cadillac XT5 are gaining market share.

Booming sales of pickups, SUVs and other light trucks may be fueling a surge in auto industry profits, but the shift is also creating at least one potentially serious problem, making it more difficult for manufacturers to meet increase tough U.S. fuel economy standards.

That is fueling industry interest in the planned “mid-term review” of upcoming Corporate Average Fuel Economy, or CAFE, standards set to reach an average 54.5 mpg by 2025. Scheduled to occur in 2017, the Environmental Protection Agency, which oversees mileage mandates, could be pressed to roll back the target to reflect shifting market demand – or a lack of the technology needed to get to 54.5 mpg.

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“We’re still making great strides in fuel economy,” Joe Hinrichs, Ford President of the Americas, told TheDetroitBureau.com. But that may not be enough to offset shifting market realities, especially with the unexpected collapse of fuel prices, Hinrichs said.

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Winter Storm Blasting East Coast May Temper Auto Sales

January was expected to post biggest number in nearly a decade.

by on Jan.27, 2015

Driving a Cadillac Escalade may be the only way shoppers on the East Coast could go out and buy a new car at the end of the month.

Monthly new car sales could take a hit from the fierce storm sweeping across the Northeast right now. The final weekend of the month is typically one of the best for car dealers, but big storms have a way of keeping potential buyers at home.

With what could be the highest reported January since 2006, sales are expected to increase 12.9% year-over-year. However, this could be impacted by the blizzard currently blasting parts of the East Coast, as we head into the final selling days of the month, according to analysts at Kelley Blue Book.

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Alec Gutierrez, senior analyst for Kelley Blue Book, noted January is typically one of the slowest months of the year, due to the strong push by manufacturers prior to year-end. However, at an estimated 1.14 million units expected in January, this month could be the one of the better Januarys in some time. (more…)

U.S. Auto Industry Generates Record $1.1 Trillion in 2014 Sales

But that number likely to double by decade’s end.

by on Dec.19, 2014

More than 54 million new and used vehicles will be purchase in 2014 accounting fro $1.1 trillion.

When the books are closed on 2014, combined new and used auto sales are likely to reach a record $1.1 trillion in the U.S. And that figure could double by decade’s end, according to various industry studies.

In all, Americans will have purchased 54 million new and “previously owned” cars, trucks and crossovers, reports data service TrueCar. The year appears to be ending with a solid December, according to other industry analysts, with new vehicle sales for the month expected to be up around 11% compared to year-ago numbers.

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On top of that, automakers have been able to boost prices at a time of strong demand during a period of sustained economic expansion and falling gas prices. So, forecast TrueCar, total revenues for the year will be up about 8.3%. (more…)

Some Surprising Winners and Losers in August Numbers

Ford F-Series dominates, but Camry makes its move as Acura ILX piles up on dealer lots.

by on Sep.05, 2013

U.S. auto sales were hot in August and perhaps no vehicle was hotter than the Range Rover Sport.

August saw the U.S. automotive market deliver its strongest sales surge since at least 2006, with double-digit increases the norm, rather than the exception.

Little Subaru posted the biggest gain for the month of any major maker, up 45% over August 2012. Volkswagen, meanwhile, was among the rare losers, with a decline of 1.6% – even though it had one of its best months in the U.S. market in the last 40 years.

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Strong sales can mask some big problems, but a closer look at the August sales numbers clearly revealed some winners and losers. (more…)

Global Auto Market Heading for All-Time Record

Power predicts total 2011 demand will near 77 million.

by on Feb.16, 2011

Surging demand in China should help push global car sales to an all-time record in 2011, forecasts J.D. Power.

As if to underscore the increasing power of what was once derided as the “Third World,” and de-emphasize more established markets like the U.S., global auto sales will hit an all-time record this year, forecasts J.D. Power and Associates.

A total of 76.5 million vehicles will be sold around the world, the company predicts, up from the record 72 million mark hit just last year.

But while the slow U.S. recovery will certainly play a part, forecasters say the real driver behind the record trend is China, along with other emerging markets such as India and Brazil.

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Notably, for the first time, emerging automotive markets accounted for more than half of global light vehicle sales, in 2010, reported the consulting firm’s senior vice president John Humphry, “clearly signaling the shift of power in the global automotive market.”

While that momentum is expected to continue, however, the motor vehicle boom is occurring almost everywhere.

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