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Posts Tagged ‘U.S. Auto Sales’

US New Vehicle Sales Expectations Falling for 2017

Used car availability giving buyers lower-cost alternatives.

by on Dec.20, 2016

Midsize car sales are expected to drop the most in 2017 as overall sales are expected contract.

The outlook for new car sales is getting growing a bit dimmer, according to one organization.

The U.S. light vehicle market will contract 1.8% in 2017, said BMI Research in a new report, which is a downward revision from the organization’s previous expectation of a 1% decline.

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BMI notes that a growing used vehicle inventory is adding to the pressure of a market that is already reaching a natural plateau helping to drive down any increase in new vehicle sales. (more…)

October US Auto Sales Hit the Skids

Ford delays sales report due to fire at headquarters.

by on Nov.01, 2016

Jeep sales had been reliably strong for FCA during the past few years; however, they fell 7% in October.

The tempo of new vehicle sales slowed during October as every major automaker reported a drop during October.

Ford Motor Co., which also was expected to report a drop in sales, delayed the release of its October sales due to a fire in an electrical substation in the company’s headquarters in Dearborn, Michigan. The fire, which happened yesterday, caused the evacuation and closure of the building.

Sales News!

The big surprise was a 10% drop in sales by FCA, which had posted a long string of sales increases, stretching back more than five years until it had to re-state its sales figures this summer under pressure from lawsuits by dealers and Securities and Exchange Commission. (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…)

New Vehicle Sales Regain Some Momentum in June

Industry back on track for record year.

by on Jul.01, 2016

The introduction of the revived Honda Ridgeline pickup truck helped the maker to a sales increase for the company in June.

Sales of new vehicles held steady in June after taking an unexpected slump the month before, with several automakers posting the sort of incremental gains that kept the auto industry pointed towards another record year.

Fiat Chrysler Automobiles, Ford Motor Co., Nissan and Honda all reported sales increases. But Toyota reported a 5.6% drop in sales, its Lexus brand off by 1.3%. It was a split decision for several makers, the Honda brand up, its Acura luxury marque losing 27%. And while Volkswagen continued to feel the effects of its diesel scandal with a 22% decline, its Audi arm scored its 66th consecutive monthly sales gain.

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The industry, overall, was expected to ring up to a record $51 billion in new vehicle sales for the month, in part by “maintaining a reasonably disciplined approach to incentive spending as the overall pace of sales expansion moderates,” said Oliver Strauss, chief economist for data tracking firm TrueCar. (more…)

Global Auto Sales Expected to Set New Records

Small crossovers, utes expected to lead sales charge.

by on Jun.20, 2016

Small crossovers, like the Fiat 500X, will drive sales to new records globally, according to BMI Research.

Global autos sales are still expected to show a marked improvement in 2016 and the boom in auto sales should continue into 2017 as consumers globally continue to snap up small crossover vehicles, according to a new estimate from BMI Research.

Sales of new vehicles worldwide are growing 3.4% compared with 1.9% in 2015, BMI reported.

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For the most part, developed states are continuing to drive this growth, particularly in North America and Europe, according to the report. (more…)

May Auto Sales Decline Due to Fewer Selling Days

Transaction prices remained strong during month.

by on Jun.01, 2016

Fiat Chrysler posted a 1% sales increase, led by the 14% jump in Jeep sales last month. FCA is one of just a few that posted improved sales results.

Sales of new vehicles weakened somewhat during May as Fiat Chrysler posted a small increase while sales by most other automakers, including Ford, General Motors, Toyota and Nissan declined during the month.

Audi also bucked the trend, eking out a small increase despite the challenging calendar that left carmakers with two fewer sales days during the month. Sales slid even though the tempo of transactions remained brisk and pricing held steady as sales of trucks, vans and utility vehicles continued to boom.

Sales News!

FCA US said sales increased by 1% compared with sales in May 2015: the group’s best May sales in 11 years thanks to strong truck sales. (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.

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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…)

With a Few Exceptions, Automakers Deliver Another Strong Month

Transaction prices set all-time record.

by on Apr.01, 2016

Nissan set a new record for March sales with this year's tally. Overall, sales were up across the board for automakers last month.

While there were a few signs of weakness, the U.S. auto industry managed to keep its sales momentum going in March, the industry delivering a number of new records, notably including the price American buyers paid for their new vehicles last month.

Though industry giants Toyota and General Motors ran into some strong headwinds, delivering only modest, year-over-year increases, other automakers, including Ford, Fiat Chrysler and Honda, posted strong gains for March, Nissan sales reaching an all-time record. Audi, among European makers, reported its 63rd consecutive monthly increase even as the sibling Volkswagen brand continued to feel the impact of its diesel emissions scandal.

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The strong industry performance continued to reflect a surge towards SUVs, crossovers and other light-truck models that now collectively account for about three of every five vehicles sold in the U.S., with little indication recent rises in fuel prices will slow that momentum. (more…)

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.

Sales News!

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…)