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Posts Tagged ‘u.s. auto market’

US New Vehicle Sales Soar to Near-Record Levels

Makers still blowing trucks and utes out dealership doors.

by on May.03, 2016

Ford's SUV sales in April were red hot with the Explorer up 22% for the month.

Any concerns about a possible weakening for new vehicle sales this year have been set aside by strong demand for trucks and utility vehicles at near record levels last month.

Hungry buyers helped boost sales and transaction prices in April with Fiat Chrysler, Ford, Nissan, Toyota and Audi all posting sales increases for the month. Unsurprisingly, Volkswagen sales continued to slide, but General Motors’ drop overall sales was a surprise.

The Journal of Record!

Ford reported its sales increased 4% versus a year ago and retail sales also grew 3%, driving the company’s best April retail results since 2006.  (more…)

November Car Sales Show Sustained Industry Momentum

But recovery still likely to be a long, slow one.

by on Dec.01, 2010

Initial signs suggest U.S. car dealers were busy in November, following a previous strong month.

While industry bean-counters are still tallying up the reports flooding in from their U.S. dealers, initial indications are that November was another good month for the U.S. auto industry – but still nowhere near the sort of turnaround that carmakers domestic and foreign ultimately are hoping for.

Overall, if outside analysts have their sources pegged, November sales of new vehicles rose somewhere between 15% and 17%, overall, while the retail side of the market posted particularly strong gains.  That’s a segment that observers inside and out watch closely because consumers, rather than fleet buyers, will ultimately drive the long-sought recovery.

Breaking News!

“Strength in retail sales has continued past mid-November, revealing a trend toward sustained upward momentum,” said Jeff Schuster, executive director of global forecasting at J.D. Power and Associates. “It appears that consumer concern regarding the pace of the recovery may be easing as the industry exhibits gradual improvement.”