Tag: auto sales

By on December 2, 2016

GMC.com screenshot - Image: GMCGeneral Motors moved to increase the average incentive spend per Buick, Cadillac, Chevrolet, and GMC vehicle by 36 percent in November in order to clear out an inventory glut that seemingly refuses to be cleared out.

According to Autodata, General Motors now has more than 873,000 vehicles in stock, nearly three months of supply. That’s 26 percent more inventory than at this stage of 2015, when industry-wide volume was pacing at roughly the same level as today, albeit with significantly less incentivization.

J.D. Power PIN data shows that General Motors spent $4,912 per vehicle sale in November 2016, a $1,302 increase compared with November 2015. According to TrueCar, industry-wide incentive spending rose 13 percent, year-over-year, a figure skewed by the dramatic increase at America’s biggest holder of market share. (Read More…)

By on December 2, 2016

Front Pedestrian Braking, a new active safety technology available on the 2016 Chevrolet Malibu and 2016 Cadillac CT6, is one of many safety features tested at General Motors' new Active Safety Test Area at the Milford Proving Ground in Milford, Michigan. Image: Jeffrey Sauger/General Motors

U.S. sales of midsize cars remained on an even keel in November 2016, decreasing by only one-tenth of one percent compared with November 2015.

But make no mistake: the midsize car category still took a hit in November. While volume remained level, the segment’s share of the overall U.S. new vehicle market fell below 12 percent last month, the fifth consecutive November in which midsize market share has declined.  (Read More…)

By on December 1, 2016

2017 Subaru Forester 20XT Touring - Image: Subaru

U.S. sales of new vehicles, year-over-year, declined in three consecutive months between August and October 2016.

Forecasters expected November 2016 to be a much brighter month thanks to buoyant incentives, a lack of post-election economic turmoil, and a lengthier sales month. Indeed, auto sales rose by nearly 4 percent thanks in no small part to big gains at General Motors, America’s highest-volume manufacturer of automobiles. (Read More…)

By on November 29, 2016

NIssan Nalley Showroom: Image - Nissan USA

After the U.S. auto industry reported all-time record sales volume in calendar year 2015, the industry grew by more than 1 percent, year-over-year, in the first-half of 2016.

But since the second-half began, auto sales have trended in the opposite direction. Compared with the July-October period of 2015, sales in the same period one year later were down 2.5 percent. U.S. auto sales declined in August, again in September, and again in October. Since July, year-over-year volume has fallen by nearly 150,000 units, dragging 2016’s year-to-date ten-month tally below last year’s record results.

Yet forecasters say November 2016 will produce a sudden turnaround. (Read More…)

By on November 16, 2016

2017 Buick Cascada - Image: BuickFront-wheel-drive, soft top, four-cylinder engine, hefty curb weight— the ideal car for the Enterprise Rent-A-Car lot at Miami International Airport?

Not so.

On sale since January, the Buick Cascada has attracted 6,154 individual U.S. buyers over the last ten months.

According to Buick, General Motors has only seen three Cascadas make their way into fleet use, for a total of 6,157 Cascada sales through the end of October. (Read More…)

By on November 15, 2016

Dodge Journey Canada screenshot - FCA Canada websiteIt was early 2014 when an Albertan car salesman drew my attention to a claim he noticed in commercials and promotional material from Fiat Chrysler Automobiles Canada. The Dodge Journey, they said, was Canada’s No. 1 selling crossover.

It wasn’t. But at the time, FCA was using some hilariously inappropriate segmentation from R.L. Polk Canada, Inc. to support the claim.

FCA Canada’s more recent Journey-related claim uses altered language to make a similar-sounding statement. FCA calls the Journey, “Canada’s favourite crossover.”

The Dodge Journey is not Canada’s favourite crossover. The Dodge Journey never was Canada’s favourite crossover. Based on current trend lines, the Dodge Journey does not stand a chance of soon becoming Canada’s favourite crossover. (Read More…)

By on November 13, 2016

subaru emblem logo

Remember the I Love Lucy sketch when Lucy gets a job at a factory where she has to wrap chocolates? She’s feeling pretty smug over how well she is performing until they accelerate the line and candies begin spilling out onto the floor and she scrambles around trying to save them all.

Well Subaru is suffering from a similar, less hysterical, problem right now with its own quality control.

(Read More…)

By on November 3, 2016

2017 Jeep® Cherokee Trailhawk

After ending a 35-month streak of improved U.S. sales with a 3-percent year-over-year decline in September, Jeep volume slid 7 percent in October 2016, the second consecutive month of decline for the previously white-hot SUV brand.

Jeep’s best-selling Cherokee recorded the most significant plunge in October 2016, falling 23 percent from year-ago levels to rank third in Jeep sales. Only the Grand Cherokee, quickly becoming Jeep’s top seller, and the departing Patriot posted October improvements.

Jeep, so often the engine behind FCA’s growth when Chrysler, Dodge, and Fiat have struggled, was instead partly to blame for FCA’s 10-percent October decline.  (Read More…)

By on November 2, 2016

2016 Chevrolet Colorado Diesel

In October 2016, after a 68-month gap, Chevrolet was once again the top-selling automobile brand in the United States.

Despite a modest sales slowdown, General Motors’ highest-volume brand increased its market share, outsold Ford Motor Company’s namesake Ford brand by 3,341 units, and produced the Bow-tie brand’s best October retail volume since 2004.

Ford, on the other hand, tumbled 13 percent, a loss of 26,000 sales compared with October 2015, due to sharp declines in its car and utility vehicle divisions. (Read More…)

By on November 1, 2016

2015 Ford F150

Updated with Ford, Lincoln, and Ford Motor Company results.

Delayed by a fire at the automaker’s Michigan headquarters, Ford Motor Company sales figures weren’t released until this morning, a day after every other automaker issues their monthly reports.

Now, with Ford numbers included, the auto industy lost 6 percent of its October volume in 2016, a year-over-year loss of more than 86,000 units that’s causing observers to question the likelihood of a second consecutive annual sales record for the U.S. auto industry. Ford’s 12-percent drop in October certainly didn’t help. (Read More…)

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