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Posts Tagged ‘u.s. car sales’

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.

Sales News!

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…)

As Weather Warms, May Auto Sales Sizzle

Buyers come out in droves for new vehicles.

by on Jun.02, 2015

The Mercedes-Benz C-Class led the brand to an 11.1% sales increase in May.

While May auto sales were expected to be strong, the overall thought was that sales would be down a bit due to one less selling day; however, new car buyers came out in force and, in the process, ensured several sale streaks remained intact.

The early predictions called for overall sales to drop 1%, but several estimates have them coming in as high 1.5% over the previous May’s results.

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Four automakers extended runs of consecutive months of increased sales in May: Fiat Chrysler with 62 months, Audi at 53 months, Subaru with 42 months and Mercedes-Benz, which has a much shorter streak of just five months. (more…)

Trucks, SUVs, Crossovers Lead Sales Pack in May

Sedans take a hint as buyers still want big vehicles.

by on Jun.02, 2015

The 2015 Chevrolet Silverado is selling well for GM. The maker's "three truck" strategy helped the maker to a May sales increase.

While the other economic sectors suffered in May, the auto industry continued to post healthy sales in May even as sales showed sales leveling off at seasonally adjusted annual sales rate or SAAR of nearly 17 million units.

The domestic carmakers, Fiat Chrysler and General Motors, posted sales increases as did Infiniti, and Volkswagen, which has taken its share of lumps for its poor sales performance during the last two years.

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FCA US reported a 4% increase compared with sales in May 2014, making it the group’s best May sales since 2005. The Chrysler, Jeep and Ram Truck brands each posted year-over-year sales gains in May compared with the same month a year ago. The Chrysler brand’s 32% increase was the largest sales gain of any FCA brand during the month. The group extended its streak of year-over-year sales gains to 62 consecutive months, Chrysler officials said. (more…)

April Showers Automakers with Demand for Trucks, Crossovers

Many makers setting new records during the month.

by on May.01, 2015

Ford President Joe Hinrichs is thumbs up with good reason: F-150 sales were up 8% in April, helping Ford to a 5% jump for the month.

April showers resulted in a surge of buyers looking for new trucks and crossovers, which benefitted the bottom lines of nearly every automaker.

Ford finally broke out of something of a sales slump in April as it posted a 5% sales increase and General Motors, Fiat Chrysler, Nissan, Toyota and Audi all reported gains as sales of new vehicles boomed with the beginning of spring.

Automotive Insight!

The Dearborn, Michigan-based company said retail sales in April were the best in nine years. (more…)

New Car Sales Could Hit 17 Million in 2015

NADA economist says strong sales here to stay through 2018.

by on Nov.18, 2014

Steven Szakaly, NADA chief economist, predicted yesterday that new car sales in the U.S. may approach 17 million units in 2015.

The good times, at least in terms of new car sales, will continue to roll in 2015 with nearly 17 million vehicles expected to pass through dealer lots, according to the National Auto Dealers Association.

The organization expects the industry will sell 16.94 million new vehicles next year – which would be up from the expected 16.4 million this year – due to rising employment and wages, continued low interest rates and lower gasoline prices.

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“The economy will continue to build on the solid growth established in 2014, and we also expect the fundamental conditions to improve in the year ahead,” said NADA Chief Economist Steven Szakaly during a speech yesterday. “Gross domestic product will grow at 3.1% in 2015, with the potential for growth to exceed our forecast.” (more…)

Toyota Adding “Limited-Edition” Camry Spin-Off in Bid to Bolster Sales

Nissan and Ford continue making inroads toward the top spot.

by on Feb.05, 2014

Toyota is bringing out a new Limited Edition Camry in the middle of the 2014 model year to keep ahead of the Nissan Altima and Ford Fusion in sales.

Toyota will roll out a “Limited Edition” version of the midsize Camry sedan during this week’s Chicago Auto Show media preview – and it could arrive at a critical time for the perennially popular midsize sedan.

The Camry Hybrid SE Limited Edition, which delivers a 40 mpg City rating, will reach U.S. showrooms at a time when the sedan may be losing momentum and risking its position as America’s best-selling passenger car.

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Camry sales declined by 27% in January and Bill Fay, Toyota Motor Sales vice president, said the decline was in part due to a short fall in deliveries to fleet buyers. The sharp decline left the Camry roughly 800 units ahead of the Nissan Altima in the race for best-selling car title. The Altima also surged past the Honda Accord, which found itself in fourth place in the critical mid-sized car segment after being passed by the Ford Fusion – a result most analysts would have dismissed as unlikely only 18 months ago. (more…)

Automakers See Sales Mirror Winter Weather: Cold, Cold and Cold

Fiat Chrysler defies trend with 8% increase.

by on Feb.03, 2014

Nissan enjoyed a sales increase in January as did it's luxury sibling, Infiniti.

High-flying luxury brands, middle-market nameplates and smaller boutique brands all suffered as new car sales slid 2% for January, failing to live up to the optimistic expectations of carmakers and analysts who are predicting total sales of 16 million units this year.

The record cold weather that has swept across much of the U.S. in recent weeks has apparently put car sales in the deep freeze – a situation analysts suggest was worsened by the slide in stock prices that has again raised concerns about the nation’s on-again/off-again economic recovery.

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While a few manufacturers were able to buck the downward trend, key makers including General Motors and Volkswagen saw sales tumble last month. And the industry saw average transaction prices – the amount consumers actually paid for a vehicle after factoring in incentives and options – slide after months of reaching new records. (more…)