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Posts Tagged ‘u.s. car sales’

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…)

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.

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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…)