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November Auto Sales Hit Highest Mark in 10 Years

Black Friday, low gas prices work in concert to drive buyers.

by on Dec.02, 2014

GM sales were up 6% in November, including Cadillac's Escalade, which saw sales jump 75% on a year-over-year basis.

The combination of lower gasoline prices rising, rising consumer confidence and a strong end-of-the-month push from Black Friday helped raise November new vehicle sales to their highest level in more than a decade.

Chrysler, General Motors, Volkswagen, Toyota and Audi all posted sales gains while Nissan and Ford reported a small declines.

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Chrysler Group LLC, paced by Jeep and Ram truck, reported a 20% increase compared with sales in November 2013 for the group’s best November sales since 2001. (more…)

On Track for 10 Mil. Could VW Top Toyota This Year?

German maker cautiously optimistic even as profits tumble.

by on Mar.13, 2014

VW is looking to beat 10 million units in worldwide sales with vehicles like the Golf GTD this year.

Trying to get a clear sense of how to read Volkswagen’s latest numbers might leave you scratching your head and, indeed, a quick look at the ways the results are being reported – and the comments made by the company’s top leaders – might only add to the confusion. The interpretation might depend on whether you look at the half-full or half-empty side.

What’s indisputable is that VW’s net income took a sharp, 58% drop for 2013. The German maker made €9 billion, or $12.5 billion last year, down from €21.7 billion in 2012. But if you leave out taxes and one-time charges, operating earnings rose ever so slightly to €11.7 billion euros, or $16.3 billion, from 11.5 billion euros the year before. And sales rose 2.2% to €197 billion.

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Now, jump ahead slightly, the Volkswagen assemblage of vehicle brands scoring a 4% increase in unit volume for January and February and CEO Martin Winterkorn is predicting, “There is a good chance that we will already exceed the 10 million deliveries mark this year.” (more…)

Altima Takes Car Sales Lead from Camry in February

Nissan, Chrysler enjoy strong sales due to SUVs.

by on Mar.03, 2014

The Nissan Altima took over the car sales lead in February outselling Toyota Camry and Honda Accord.

The cold February weather that settled across the nation set the stage for something of a revolution in showrooms across the country as the Nissan Altima replaced the Toyota Camry and Honda Accord as the best-selling passenger car in the U.S.

The final sales totals for the month of February showed Nissan selling a total of 30,849 Altimas, an increase of 11.3%. Sales of the Toyota Camry, the most popular car in America for more than a decade, fell 7.3% to 28,998 units, while sales of the Honda Accord fell 12% to 24,622.

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The decline in sales of the Camry and Accord also undercut the overall sales results for Toyota and Honda. Toyota sales slipped 4.3% despite and Honda’s fell 7% despite strong utility vehicle sales for both makers. (more…)

February Brings Automakers Mixed Sales Results

GM, Ford, Toyota, VW slump, while FCA, Nissan rise.

by on Mar.03, 2014

Jeep sales were up 47% in February, helping FCA to an double-digit jump overall for the month.

The chill of a cold February spread to new vehicle sales, but makers increased incentives to try to heat up sales in the second half of the month, setting the stage for stronger sales heading into the spring selling season.

General Motors, Ford, Toyota and Volkswagen all reported sales declines for February as inclement weather over much of the country reduced showroom traffic.

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However, Fiat Chrysler Automobiles (FCA), Porsche and Nissan posted double-digit sales increases thanks to strong sales of sport utility vehicles. FCA’s Chrysler Group posted an 11% increase compared, while Nissan said sales increased 15%. (more…)

Volkswagen Claims Second Place for 2013 Global Sales

GM slides to third spot…sort of.

by on Jan.31, 2014

Volkswagen is laying claim to selling the second-most vehicles in 2013 behind Toyota and ahead of GM.

Volkswagen AG reported it sold 9.73 million vehicles worldwide in 2013, which puts it in second place for the year well behind Toyota and slightly ahead of General Motors.

Toyota sold 9.98 million units and while finishing third, GM sold 9.71 million cars and trucks. However, VW’s claim to second place isn’t quite so…simple.

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The VW Group has more than a dozen brands across the world including Audi, Skoda, Lamborghini, Bentley, Porsche and Seat. (more…)

VW Maintains Global Growth Pace

U.S. dip doesn’t slow maker down.

by on Nov.14, 2013

VW hopes to revitalize the US market as it brings out new models -- including a production version of the CrossBlue Concept.

It’s been a rough few months for Volkswagen of America which has gone into a sales lump after several years of significant gains. But that’s only put in sharp relief the maker’s relatively strong global sales report for the first nine months of 2013.

As a whole, the VW’s global sales increased by 3.4% during the first three quarters, totaling 4.88 million vehicles from January to October.  In October alone, the brand’s global sales rose 2%, to 511,400.

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“Deliveries by the Volkswagen Passenger Cars brand made satisfactory progress in October despite the ongoing economic uncertainty in some regions. We continued to grow in the Asia-Pacific region where deliveries in China, our largest single market, remained very encouraging,” said Christian Klingler, board member for sales and marketing for the Volkswagen Group and the Volkswagen Passenger Cars brand.

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U.S. Auto Sales Jump Double Digits for October Despite Shutdown

Sales soft early in month, but saw rebound in second half.

by on Nov.01, 2013

Ford Fusion sales jumped 71% in of October while the automaker saw an overall increase of 13.9%.

Despite early concerns in the wake of the U.S. government shutdown, U.S. auto sales returned to form in October with most automakers reporting sales increases despite the 16-day stalemate in Washington early in the month.

With a few makers yet to report in, sales are expected rise between 11.7% and 13%, according to a variety of estimates. Most of the makers reported that sales were slow early in October, but began hopping after the issue was settled — at least temporarily.

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The Detroit Three was led by General Motors Co. and its 16% increase over last October. The maker delivered 226,402 vehicles with Chevrolet, Cadillac and Buick-GMC performing well, according to Kurt McNeil, vice president, U.S. sales operations, in a statement. (more…)

U.S. Auto Sales Surge in March

Vehicle sales outpacing the rest of the economy.

by on Apr.02, 2013

March car sales hit a five-year high led by compacts and trucks.

March U.S. auto sales surged to their highest level in more than five years – with several makers reporting all-time records for the month.

But the overall increase was smaller than the double-digit gains of recent months, raising concerns about whether the unexpectedly strong pace of the automotive recovery will continue – especially in the light of continuing concerns about the impact of Washington gridlock on the overall economy.

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Analysts noted that sales incentives have been declining in recent months, even as average transaction prices – what motorists actually pay after adding options and subtracting discounts – has continued rising. On the other hand, pent-up demand appears to be just one of the positive factors likely to keep momentum going after the industry’s worst downturn since the Great Recession.

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March Auto Sales Tracking at Best Rate in Nearly Six Years

Incentives flat, transaction prices rise.

by on Apr.02, 2013

U.S. vehicle sales were up in March led by, in part, truck sales.

While a number of key automakers have yet to formally release their sales numbers, preliminary data suggest that March will see the highest level of U.S. car and truck sales in nearly six years.

Preliminary indications suggest that sales will average out to an annualized rate of as much as 15.6 million – well above current industry forecasts for all of 2013 – and the best total since December 2007, just before the U.S. auto market plunged into its worst downturn since the Great Depression.

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The strong March performance appears to reflect a variety of factors, including the availability of a number of new and well-reviewed products, pent-up demand, low interest rates and even tax-refund checks. At the same time, analysts suggest that makers continue reeling buyers into their showrooms despite cutting back on incentives and boosting prices on many models.

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Toyota Officially Reclaims Global Sales Crown

GM slides to second, VW in third.

by on Jan.28, 2013

The success of the latest Toyota Camry helped the maker regain its global sales crown.

Toyota has officially reclaimed its global sales crown, the maker confirming it produced 9.75 million vehicles in 2012.

That was slightly ahead of a preliminary tally Toyota forecast as the year came to a close and locks it in first place ahead of General Motors, which sold 9.29 million vehicles.  Volkswagen, at 9.1 million, came in third for 2012.

Toyota’s sales were slightly lower than the company had projected earlier in the year, the shortfall reflecting the ongoing dispute between Japan and China over a chain of small, uninhabited islands both nations claim.

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In customary fashion, Toyota officials downplayed the sales results. “Rather than going after numbers, we hope to make fine products, one by one, to keep out customers satisfied. The numbers are just a result of our policy. And our policy will continue unchanged,” Toyota spokeswoman Shino Yamada told the Associated Press.

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