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Posts Tagged ‘truck sales’

Carmakers Face Tough Test as Market Flattens

Sales expected to fall just short of last year's record.

by on Oct.13, 2016

Honda's John Mendel says there is a chance that automakers will beat last year's record sales.

Manufacturers are eager to roll out new models this fall and even adding more capacity in an effort to gain an edge over rivals.

But they are also facing a highly competitive market where manufacturers are being tempted to raise incentives to protect market share, noted Stephanie Brinley, an analyst with IHS Automotive.

Sales News!

“The market is going to get more competitive and we will see if (companies) fall back into their old practices,” she added. “The easy growth is gone.” (more…)

Summer Blend Makes Gas Prices Rise

Refineries shifting to special seasonal mix.

by on Apr.05, 2016

Gas prices are on the rise as producers move to the summer blend of fuel.

With the summer driving season fast approaching, the price of gasoline continues to climb, pushing the average price beyond $2 per gallon, according to a new report by AAA.

Despite increasing for 36 of the past 41 days, the national average is at its lowest price point for this same date since 2009, according to AAA.

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“The average price of $2.06 per gallon represents an increase of two cents on the week and 24 cents on the month. Pump prices continue to reflect year-over-year discounts, and drivers are saving 34 cents per gallon versus this same date last year,” the organization noted. (more…)

Trucks Rule at Chicago Auto Show – and Across the U.S.

Automakers race to add new products, more capacity.

by on Feb.12, 2016

The Chevrolet Trax is one of the newest utes from GM, and sales are outstripping supply.

Chevrolet faces the sort of challenge most automakers can only dream of. Its various pickup plants are operating at full, three-shift capacity and can’t build any more trucks. If anything, says marketing executive Sandor Piszar, that means the bowtie brand is losing possible sales.

“The toughest part is keeping up with demand,” said Piszar, during a conversation at the 2016 Chicago Auto Show’s media preview. “We’re running flat out at all our plants.”

Picking up on the Trends!

Actually, Chevy isn’t entirely unique. Hyundai is struggling to keep up with demand for utility vehicles like the Tucson, shifting capacity at its plant in Alabama to build more of the mid-range Santa Fe Sport. Ford, Toyota, Mercedes-Benz and Nissan, with rare exception, every automaker spoke with is laying out plans to boost truck capacity and, in many cases, add more truck models.


Truck Sales Driving Down Fuel Efficiency Numbers

Low gas prices encourage consumers to buy trucks, SUVs.

by on Dec.11, 2015

Low fuel prices are encouraging consumers to buy more full-size pickups and utilities than cars, driving down fleet efficiency.

After years of progress, the drive to improve the efficiency numbers of the U.S. automobile fleet has stalled as consumers opt for light-duty trucks and utility vehicles rather than passenger cars in the current sales frenzy.

While domestic, Asian and European carmakers are enjoying some of their best sales ever in the U.S., the sales of passenger cars to American customers has actually fallen during the first 11 months of 2015.

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The numbers are stark. Sales of cars of all types have dropped 2.2%, while sales of trucks and utility vehicles have increased 12.7%. The shift means that trucks will outsell cars in the U.S. by roughly 1 million units this year, according to numbers collected by Auto Data. Last year the split was roughly even with a small tilt towards the truck side of the business. (more…)

October Auto Sales Frighteningly Good

Trucks, SUVs continue to lead the pack.

by on Oct.27, 2015

October auto sales are expected to be the best October results since 2001.

The auto industry is looking at another big month in October as sales are moving at very brisk pace and carmakers, with the exception of scandal-tarred Volkswagen, continue to post sales gains.

New-vehicle retail and total sales in October 2015 are expected to be the strongest for the month since 2001, when automakers’ “Keep America Rolling,” 0% financing incentives propelled new-vehicle retail sales to 1.6 million units.

Sales News!

“September was a strong month — bolstered by the Labor Day weekend — so the expectation is that we would see some weakness is subsequent months, but that hasn’t been the case,” said John Humphrey, senior vice president of the global automotive practice at J.D. Power. “Through the first 18 days in October, retail sales are up 7% compared with the same period a year ago.” (more…)

Automakers Expected to Enjoy Robust September Sales

Holiday weekend helped push buyers to showrooms.

by on Sep.25, 2015

September auto sales are expected to be strong with a long holiday weekend luring new car buyers into dealer showrooms.

September is promising to be a very good month for the auto industry as a long holiday weekend at the beginning helped pump up sales, according to Santa Monica, California-based True Car Inc.

True Car, a consumer-oriented buying services, is predicting that the seasonally adjusted annualized rate or SAAR for total light vehicle sales should reach 17.7 million unit in September, which will be the best total in more than a decade, versus the very respectable total of 16.5 million units a year ago.

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With a number of car makers, among them Subaru, Kia, Hyundai, Ford and Honda, expected to post substantial gains, total new vehicle sales, including fleet deliveries, may rise 12.6% to 1,403,200 compared to 1,246,006 a year ago. (more…)

Ford Goes Wild(track) With Updated Ranger

Could move signal return of the midsize pickup to US?

by on Sep.14, 2015

The Ford Ranger Wildtrack bumps the midsize pickup into a higher level of refinement.

Ford is going wild as it prepares to launch an updated version of its midsize Ranger pickup in Europe. Make that Wildtrack, a new version of the truck making its debut at the Frankfurt Motor Show this week.

The unveiling in Europe further bolsters hopes that the Detroit maker will finally move ahead on long-rumored plans to bring the Ranger back to the American market, filling a yawning gap left wide open when it killed off the old, U.S.-made Ranger a few years back.


“With the stunning new Wildtrak at the pinnacle of the line-up, the new Ford Ranger provides customers with an unbeatable combination of four-wheel drive capability, stand-out styling and premium features like SYNC 2 connectivity,” said Roelant de Waard, vice president, Marketing, Sales & Service, Ford of Europe. “Ranger is ready for any challenge – offering optimised fuel efficiency, towing and payload capacity, and class-leading wading capability.”


Low Gas Prices Cutting Fuel Economy Gains

Crossover, pickup and SUV sales continue gaining momentum.

by on Sep.11, 2015

The growing popularity of crossovers, like the Chevy Traverse, is helping to drive down the average fuel economy of new vehicles in the U.S.

With gasoline prices sliding toward $2 per gallon and the oil glut showing no signs of abating, the average fuel economy of new vehicles purchased in the U.S. declined in August.

Sales of crossover vehicles and pickup trucks remain strong as a result of the pricing, and that appears to be the reason for the dip in the overall gas mileage rating of new vehicles sold in the U.S. slightly last month, according to researchers at the University of Michigan Transportation Research Institute.

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Continued expansion of the offerings within the crossover utility and pickup truck segments are helping to sustain the strong demand trend, added Christopher Hopson, IHS director of light vehicle forecasting. (more…)

Big Truck Sales Means Big Automaker Profits

Average transaction prices for pickups on the rise.

by on Aug.04, 2015

A well-equipped version of the 2016 Ford F-150 Limited will push over $60,000. The makers average transaction price is up $3,200 in July.

New vehicle sales in July rose to heady levels – an annual rate of nearly 18 million units – led by expensive vehicles: luxury sport-utilities, crossover and … wait for it … trucks!

The fact that trucks are big sellers isn’t big news. For the past 30-plus years the top two best-selling vehicles in the U.S. have been full-size pickups: the Ford F-150 and Chevrolet Silverado.

Truck News!

The industry moved a lot of metal in July, according to TrueCar, Inc. noting that July’s revenue for new vehicles will likely set a U.S. record high for the month of $47 billion, up 2.1% versus the same period last year and trucks are leading the charge. (more…)

Hot Summer Auto Sales Continue Sizzling in July

Buyers keep industry on track for best year in a decade.

by on Jul.27, 2015

Despite some difficult times recently, Fiat Chrysler is expected to continue its streak of consecutive months with a sales increase to 64 in July.

New-vehicle sales remain robust during July as the auto industry continues to track towards its best year in a decade despite the uncertainty created by the slow-growing U.S. economy.

Sales are expected to increase 2.6% year-over-year in July 2015, resulting in an estimated 17.1 million seasonally adjusted annual rate, according to estimates from Kelley Blue Book and J.D. Power.

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“As the industry settles into the summer selling season, new-car sales are expected to remain consistent with last month’s numbers, representing modest and slowing growth versus last year,” said Alec Gutierrez, senior analyst for Kelley Blue Book.  (more…)