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Posts Tagged ‘U.S. sales’

Automakers Relish Sales Surge in March

Sales rate pushes past 17 million units.

by on Apr.01, 2015

Dodge Dart sales were up 56% in March, helping FCA to a 2% monthly increase in March.

Despite some difficult year-to-year comparisons, automakers continued to post strong sales in March as the estimated seasonally adjusted annual rate exceeded 17.1 million units.

FCA US, the former Chrysler Group, posted a 2% increase compared with sales in March 2014 and the group’s best March sales since 2007 as its long streak of month-over-month sales increases reached 60. But Toyota posted a 4.9% sales increase tightening its grip on second place in U.S. sales just behind General Motors.

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GM, Ford and Nissan posted modest decreases of between 2 and 3%. Ford’s retail sales were the best in nine years but its fleet sales dropped 13%. GM and Nissan also posted healthy truck sales, but were hit by the weakness in passenger car sales. (more…)

Automakers Defy Expectations with August Sales

Chrysler, Nissan, Ford, Toyota all post gains.

by on Sep.03, 2014

Nissan Rogue sales were up 24% in August, helping the company to an 11.5% increase overall.

Easy credit, rising consumer confidence and strong demand for utility vehicles and trucks pushed new vehicle sales upward towards a seasonally adjusted average rate of 17 million units in August, helping the auto industry maintain the momentum it had built up throughout the summer.

Chrysler, Ford, Audi, Nissan, Hyundai, Toyota all posted sales gains during August while General Motors and Volkswagen reported their sales dropped last month despite the strong consumer demand for new cars and trucks.

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The strong results defied analyst expectations of a small overall increase of just .1%. In fact, multiple automakers reported they expected industry-wide August sales to rise 3% overall. The early reports support their assertions. (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.

A Sporting Choice!

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…)

U.S. Auto Sales Continue Rolling In May

Large trucks, utilities leading the sales surge.

by on Jun.03, 2013

Ford's May sales were up 14% in May. Utilities like the Escape were up 15%.

Strong sales of pickup trucks and luxury cars, sales of new vehicles rose again in May as carmakers continued to help keep the U.S. economy growing despite the continuing concerns about deficits and job creation.

The three domestic carmakers, General Motors, Ford Motor Co. and Chrysler Group, all posted sales increases for May, as did their principal Japanese rivals – Nissan, Toyota and Honda – as well as luxury carmakers, such as BMW, Mercedes-Benz and Audi.

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Ford led the way as its sales increased 14% in May, with cars up 9%, utilities up 15% and trucks up 18%. Retail sales increased 17%, marking the best May retail sales results since 2005.


Revenge of the Clunkers – August Vehicle Sales Dive

Lavish taxpayer subsidies of last year come home to roost. Toyota, Honda, Nissan, Hyundai, and Ford post big declines.

by on Sep.01, 2010

The U.S. sales numbers for August on a raw basis are stark: Toyota is off -34% ; Honda Dropped -27%; Nissan down -27%; and even Hyundai and Ford – current media darlings- saw sales declines of more than 11%, compared with a year ago, according to Autodata Corp.

General Motors – in the midst of a stock offering where investor confidence will be key to success – saw wholesales of 185,000 vehicles, or a -25% drop from the year ago month. And the industry on average is off, sit down, -21%.

Offshore brands sold 555,425 vehicles during the month, down from 591,297 in July, but up from 525,845 in June. They occupied 55.7% of the market, a decrease from last month’s 56.3%. Asian nameplates, which greatly benefitted from Clunkers, took  a 46.9% share, down from 48.2% in July, but up from 44.8% in June. European nameplates gained slightly over last month with an 8.8% August share. Detroit Three brands finished the month with 44.3%, up from 43.7 % in July but down from 46.5% in June.

Executives universally claimed that the taxpayer subsidized CARS program – aka Cash for Clunkers – was responsible. It’s true Clunkers  artificially boosted sales rates to 14 million on an annual basis using, borrowed, taxpayer funds.  But more is going on here as consumer confidence remains badly shaken and sales tailed off during the month.   (See Ken Zino on Flat Incentives, Economic Blahs Kill August Sales)

Data not Drivel!

So, no surprise to the growing number of non-working stiffs, as this week’s growing unemployment numbers will reveal on Friday, the U.S. economy is tough, getting tougher and showing little signs of reviving in spite of record deficit spending by politicians, which was claimed to be the medicine needed to get it back on track. What we need is growing payrolls, not posturing pundits from either fat cat party or screaming “news” outlet.


Flat Incentives, Economic Blahs Kill August Sales

Mid-term elections loom large as Congress vacations.

by on Aug.31, 2010

Neither party appears to have a plan to restore middle class jobs.

New-vehicle retail sales in the last week of August slowed considerably, pulling down the August selling rate below 8.5 million units, according to the latest data from J.D. Power and Associates.

For total sales, the seasonally adjusted annualized rate (SAAR) is expected to come in below 11.4 million units, with fleet sales offsetting some of the weakness in retail sales.

This is far below the 16-17 million unit years the industry thrived on earlier in the decade, and the latest indicator – among many – that the U.S. economy is in trouble.

The final sales numbers, which will be out tomorrow as auto makers report shipments, increase the pressure on the incumbent Obama Administration to do something about the ongoing Great Recession and staggering levels of unemployment in the stalled U.S. economy.

While Republicans remain critical over deficit spending, the party that presided over the reckless practices of Wall Street that led to the current economic collapse are offering no ideas on how to get what was once $13 trillion in U.S. gross domestic production back on track, as businesses continue to cost cut, not invest,  and consumers stay home.


Toyota Feb Sales Drop 9%. Now in Third Place.

Recalls and snowstorms are among reasons for the decline.

by on Mar.02, 2010

Year to date, Toyota sales are off more than 12%.

Toyota Motor Sales (TMS), U.S.A., Inc., today reported February sales of 100,027 vehicles down 8.7% from the year-ago month, which itself was a bad month as the Great Recession increased its hold on global markets.

Overall, all the light vehicle market increased 13% during February compared to the year earlier.

Toyota is now number three in the U.S. market – behind General Motors and Ford Motor, which barely surpassed GM as number one. Calendar year to date, Toyota sales are off more than 12%, and the company is about to go on its largest marketing offensive in history.

The Toyota Division reported February sales of 86,240 units, a decrease of 10.6% from the same period last year.

The Lexus Division reported February sales of 13,787 units, an increase of 5.2 %.   (more…)