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Posts Tagged ‘u.s. car sales’

New Car Sales Expected to be Strong in October

Incentives on the rise, analysts note.

by on Oct.26, 2017

New vehicle sales in the U.S. are expected to be healthy in October despite a small drop.

Sales of new vehicles seem to be on the Goldilocks track in October – not too hot and not too cold – with a modest decline from last month, according to new reports from analysts, but a healthy seasonally adjusted sales rate of more than 17 million units.

Edmunds, the car-buying site, estimates the SAAR will 17.6 million, reflecting a 13.3% drop in sales from September 2017 and a 3.5% decrease from October 2016. Following strong September results, October 2017 is poised to keep up some of the momentum.

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Analysts for Kelley Blue Book estimate that new-car sales will drop 2% year-over-year, sales but are expected to be relatively strong for the industry. Some of the strength can be attributed to replacement demand that continues in Texas and Florida, but perhaps more importantly, higher incentive spend is playing a role, according to KBB — a sentiment shared by others.  (more…)

Jeep Wrangler Takes Most American Vehicle Title — This Week

Cars.com proclaims Jeep has top spot, while Kogod claims otherwise.

by on Jun.26, 2017

For 2017, Cars.com proclaimed the Jeep Wrangler the "most-American" vehicle although not everyone agrees.

The most American vehicle made is the Jeep Wrangler … except when it’s the Chevy Traverse, GMC Acadia and Buick Enclave.

Trying to determine what constitutes “most American” is an exercise that plenty of experts seem to be more than willing to take on, but rarely produces consensus.

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For the record, the Wrangler was proclaimed the “most-American” vehicle by Cars.com after it topped the website’s “American-Made Index.” (more…)

Automakers Hoping Trump Infrastructure Plan Will Stave Off Sales Slump

Demand could rebound, especially for work trucks, says Toyota’s Lentz.

by on May.04, 2017

Toyota's Jim Lentz believes the key to U.S. auto sales rebounding in 2017 is held by Donald Trump and his infrastructure plan.

April’s weak sales numbers have flagged growing concerns that the U.S. auto market is finally set to slide after seven consecutive years of growth.

But at least one senior industry official is betting that the market could rebound if and when President Donald Trump can implement the big infrastructure program he has been calling for.

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“If you get a $1 trillion stimulus, that could add 800,000 units,” Jim Lentz, CEO of Toyota North America, said during a preview of the maker’s expanded technical center near Ann Arbor, Michigan, on Thursday morning. (more…)

New Vehicle Sales Expected to Slide in April

Sales roller coaster continues to provide chills and thrills.

by on Apr.26, 2017

New vehicle sales are expected to drop at least 2% in April, according to several analysts.

Sales of new vehicles are expected to drop in April by between 2% and 3% year-over-year despite steadily rising incentives, according to estimates by Kelly Blue Book and J.D. Power, fueling concerns that the industry is facing a broad decline in 2017.

“After a weaker-than-expected March, it’s becoming more likely that 2017 will be the first down year for the industry since 2009,” said Tim Fleming, analyst for Kelley Blue Book. “Kelley Blue Book expects April to continue this downward trend, however, the SAAR should bounce back to approximately 17.1 million as a result of one less selling day.

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“Beyond April, we will continue to closely monitor still high levels of inventory and elevated incentive spending by manufacturers, both of which are signs of overproduction following last year’s sales peak,” he added in his new analysis of industry sales trends. (more…)

Most Makers Post Positive February Sales Results

Despite strong transaction prices, concern growing over rising inventory levels.

by on Mar.01, 2017

Volkswagen posted another monthly sales increase with February's 12.7% rise. The Golf family led the way with a 60.3% jump.

Steady gains by General Motors, Nissan and Audi helped keep the industry’s sales momentum rolling during February, however, not all the makers enjoyed improvements as Ford Motor Co.’s and Fiat Chrysler’s sales slipped.

GM reported record sales of crossovers, large SUVs and pickups in February, bolstering the company’s retail market share, which was up more than one-half percentage point versus a year ago. Average transaction prices, which reflect what customers pay after sales incentives, also set a February record.

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“Our retail-focused go-to-market strategy is delivering robust results,” said Kurt McNeil, U.S. vice president, Sales Operations. “All of our brands grew their average transaction prices by healthy amounts, and we delivered solid growth in the industry’s fastest-growing and most profitable segments.” (more…)

US New Car Sales Expected to Rise Slightly in February

Incentives climbing as makers seek more buyers.

by on Feb.24, 2017

New vehicle sales in February are expected to rise slightly, led by the country's ongoing love of trucks.

February auto sales in the U.S. are likely to follow the same tepid pace from last month’s results when makers saw sales dip ever-so-slightly; however, this month they are expected to rise ever-so-slightly.

Industry consultants J.D. Power and LMC Automotive believe U.S. sales will rise less than 1% in spite of record levels of enticements aimed at new vehicle buyers. February U.S. new vehicle sales will be about 1.35 million units, up 0.6% from a year earlier, the consultancies said. Analysts at Edmunds are seconding the observation.

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The seasonally adjusted annualized rate for the month will be 17.7 million vehicles, up from 17.6 million last February. The Power and LMC expect U.S. sales to eclipse last year’s record of 17.55 million units with 17.6 million in 2017. (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…)

May Car Sales Moving Along at Brisk Pace

Analysts expecting year-over-year drop this month.

by on May.26, 2016

Analysts expect that Fiat Chrysler, led by Jeep sales, will be one of the few makers posting positive results for May.

Guessing when car sales will begin to slip after what has been described as the longest expansion in Auto Sales in the U.S, going all the way back to World War II is proving hard to pin down.

Edmunds.com expects new car sales in May will increase 2.3% from April 2016, but drop 5.8% compared to May 2015. The Seasonally Adjusted Annual Rate or SAAR will hold steady at 17.5 million.

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While sales appear to be slowing, 2016 is still on track to break last year’s record of 17.47 million new car sales, Edmunds noted in its latest forecast, which projects that 1,537,436 new cars and trucks will be sold in the U.S. in May. (more…)

Mercedes Keeps Tops Spot in Luxury Car Sales Battle

Despite slow April, Lexus remains in second over BMW.

by on May.04, 2016

Mercedes continues to remain atop the luxury car sales standings in the U.S. for 2016.

Mercedes-Benz continues to set the pace for luxury car sales in the U.S. after it enjoyed a record-setting April while its primary competitor, BMW, took a substantial hit in what was a white-hot month for auto sales.

In fact, the hit was strong enough to allow Lexus to slide past BMW into second place in on the list by more than 3,500 vehicles year-to-date.

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Mercedes-Benz sold 29,236 vehicles in April, up 0.2% for the month, pushing its total for the year to 105,005 units. Overall, the brand is down for the year by 2.2% to 107,340 vehicles. Not surprisingly, the love of sport-utilities isn’t limited to non-luxury brands.  The GLA and GLC/GLK are up 15.9% and 76.9% respectively for the year. (more…)

Luxury Brands Cruise to Strong Sales in June

SUVs, crossovers push makers to big results.

by on Jul.01, 2015

BMW's SAVs posted a 75.3% increase in June offsetting a 12.9% drop in car sales.

Improvements in consumer sentiment, low interest rates and the steady growth in the sales of truck and utility vehicles, including those sold by luxury brands, helped set the torrid pace for sales in June, which boosted the seasonally adjusted annual rate of sales or SAAR past 17 million units.

Luxury brands performed well last month, led by BMW reporting a 6.5% increase, including a 75.3% increase in sales in utility vehicles that helped offset a 12.9% drop in sales of BMW’s vaunted passenger cars.

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The same pattern prevailed at Mercedes-Benz, which posted record sales in the first half of the year after a 5.8% increase in June with strong sales of the C- and E-Class models. As a whole, first-half sales of Mercedes-Benz passenger cars totaled 101,212, increasing 3.5% from the same period in 2014. (more…)