Tag: auto sales

By on June 14, 2017

2018 Honda Odyssey - Image: HondaThe 2018 Honda Odyssey went on sale three weeks ago. The Chrysler Pacifica has only been on the market for a year. The Toyota Sienna will enjoy another refresh for the 2018 model year.

If ever there was a time in which America’s minivan segment needs to shine, the second-half of 2017 is it.

Minivan sales tumbled 14 percent, year-over-year, through the first five months of 2017. Only 3 percent of the auto industry’s volume is now minivan-derived. Year-over-year volume decreased in nine consecutive months between August 2016 and April 2017.

There are far fewer competitors now than there were a decade ago. Therefore, the minivan market doesn’t need to produce the sort of volume it did a decade ago. However, minivan sales can’t continue to plummet, month after month after month.

Minivan sales need to rise. If they can’t do so now, then when? And if the segment can’t do it with fresh product from Chrysler, Honda, and Toyota, then who can supply the growth? (Read More…)

By on June 14, 2017

2017 Ford Mustang RHD Australia - Image: Ford Australia

Thanks to the appeal of a modern independent rear suspension and the availability of right-hand drive, the sixth-generation Ford Mustang has encountered far greater global appeal than any Mustang before it.

The latest country to take a real liking to the Mustang is Down Under, where Australians are buying more Mustangs than any other Ford save the Ranger.

And it’s a good thing they are. While U.S. sales of Mustang plunged 28 percent in the first five months of 2017, production at Mustang’s Flat Rock, Michigan, assembly plant hasn’t been forced to slow down nearly that much. Through the first-third of 2017, Ford built only 4-percent fewer Mustangs than in the same period last year.

Put another Mustang on the barbie, indeed. (Read More…)

By on June 13, 2017

2018 Subaru WRX STI and WRX - Image: SubaruNo auto brand in the world sells more all-wheel-drive vehicles than Subaru, says Subaru.

Autocar is reporting figures from Subaru UK that say 15 percent of the global market for all-wheel-drive vehicles is scooped up by the Subaru brand.

In Subaru’s fiscal year from April 2015 to April 2016, the automaker finished with nearly 1 million sales of all-wheel drive vehicles — 245,382 more than the next-highest-volume all-wheel-drive provider: Audi. (Read More…)

By on June 13, 2017

2018 Acura TLX V6 A-Spec - Image: Acura

Upon its debut in late 2014, the Acura TLX had big shoes to fill. Not only was the TLX intended to replace the Acura TL, the TLX would also serve, at least in part, as a replacement for the Acura TSX.

Not surprisingly, the TLX never sold as often as that duo did at their peak. Acura sold over 113,000 TLs and TSXs in 2005. Yet by the end of their run, in 2013, Acura managed to sell fewer than 42,000 TLs and TSXs. As a result, the arrival of the Acura TLX — and yes, it’s difficult for both reader and writer to keep the letters straight — was heartily welcomed by Acura dealers. The TLX represented a simpler lineup, one sufficiently spacious car, and 47,080 sales in 2015.

But TLX sales have trailed off rather precipitously ever since, and Acura is counting on a thorough refresh for the 2018 model year to spur TLX demand once again.

And quite a spur it must be. Wards Auto is reporting that Acura’s goals for the facelifted TLX are loftier than ever. (Read More…)

By on June 12, 2017

Mountain Chevrolet GM dealer Glenwood Springs, Colorado - Image: GMAfter U.S. sales of new vehicles declined 2 percent, year-over-year, through the first five months of 2017, forecasters surveyed by Bloomberg are largely in agreement. 2017 will fall well short of 2016’s record auto industry output, sliding to 17.2 million sales from more than 17.5 million in 2016.

There are nevertheless a handful of positives on which optimistic automakers can draw. First, a 17-million-unit sales year still represents a huge number of sales for manufacturers that averaged 12.5 million sales between 2008 and 2012.

Second, the high incentive spending doesn’t appear to be growing higher. Pair that with high average transaction prices and automakers can still earn big profits.

Third, if Washington ever does get around to legislating — no sure bet in this investigative congressional age — then promised tax cuts and infrastructure programs could further elevate demand.

In the meantime, there are causes for concern. (Read More…)

By on June 8, 2017

2017 Chevrolet Malibu - Image: GMThe U.S. auto industry is shrinking. But only by a little bit.

Auto sales through the first five months of 2017 are down just 2 percent, a drop of roughly 140,000 sales across the entire industry. Aside from high inventories and rising incentives, it’s not all doom and gloom. 2016 was the highest-volume year in the history of the American auto industry — a 2-percent drop is hardly catastrophic.

This is therefore not 2009, when virtually every new vehicle suffered decreased volume. Many new vehicles are surging, selling significantly more often this year than last.

But in a declining market, many other nameplates are in fact losing sales. Many sales. We’ve compiled a list of the 10 volume nameplates losing U.S. sales most rapidly. (Read More…)

By on June 5, 2017

2017 Honda Civic hatchback & 1977 Honda Civic hatchback, Image: Honda CanadaCanadian auto sales surged to record levels in May 2017, surpassing the previous monthly record from April of last year by an 8-percent margin and topping 200,000 units for just the second time in history.

You know it’s going well when, in a virulently anti-car market, passenger car sales increase, year-over-year. And in the fifth month of 2017, car sales did indeed improve, growing 3 percent beyond May 2016 levels.

You know it’s truly going well when, in a market that had already seen pickup truck market share climb to 20 percent, pickup truck sales jumped 38 percent to form 22 percent of the industry’s volume.

And you know it’s going exceptionally well when, in the span of just one month, the relatively small Canadian market purchases and leases 217,000 new vehicles at significantly higher prices than in the past. (Read More…)

By on June 2, 2017

Hyundai-Kia Automotive Group - Tucson and Forte, Images: Hyundai & KiaMay 2017 was not a particularly healthy sales month for either of South Korea’s two major automakers in the United States. Including Hyundai’s Genesis spinoff brand, the Hyundai-Kia Automotive Group declined 12 percent, year-over-year — a loss of more than 15,000 sales for the trio of Korean brands compared with May 2016.

Korea’s U.S. auto market share thus fell to 7.8 percent in May 2017, a drop of a full percentage point. In a market that’s seen sales fall 2 percent overall through the first five months of 2017, total Hyundai-Kia Automotive Group sales are down 7 percent following record annual volume in 2016.

Hyundai and Kia both underperformed the market in May, just as they’re both underperforming the market through the first five months of 2017. But by an altogether different standard, one member of the group will be pleased with May’s U.S. sales results.

In May 2017, for the first time in the brands’ U.S. sales history, Kia sold more new vehicles than Hyundai. Kia outsold Hyundai. Yes, it was the first time. But it surely won’t be the last. (Read More…)

By on June 1, 2017

2017 Ram 1500 Rebel Blue Streak, Image: FCAU.S. auto sales were essentially flat in the fifth month of 2017 as May new vehicle volume was let down by significant passenger car declines but bolstered by significant pickup truck volume.

Despite a drop in incentives, U.S. sales of full-size pickups jumped 10 percent in May 2017. General Motors’ pickup sales continued to decline, but big gains at Ford, Ram, Toyota, Nissan, and Honda masked losses across much of the industry.  (Read More…)

By on May 22, 2017

2016 Mitsubishi Lancer - Image: MitsubishiAs Mitsubishi prepares to launch a new small crossover, the Mitsubishi Eclipse Cross, Mitsubishi’s car lineup continues to shrink.

The Galant died in 2012. The Mitsubishi Lancer, it was revealed earlier this year, will cease existence in the U.S. market later this year. But the Lancer’s American goodbye, via a blacked-out Limited Edition, won’t represent its final North American goodbye.

Mitsubishi Canada still wants the Lancer, the brand’s best-selling model as recently as last year, at least until 2018. And Mitsubishi Canada won’t bid farewell to the Lancer until the car can be given “a uniquely Canadian sendoff.”

We assume this means Tim Hortons’ double-doubles inserted in the cupholders straight from the factory along with a hockey bag in the trunk and a curling broom roof rack. (Read More…)

By on May 3, 2017

2017 Volkswagen PAssat R-Line – Image: VWWhy did America’s passenger car market tumble 11 percent in April 2017?

Midsize cars deserve much of the blame.

Why is America’s passenger car market down 12 percent through the first four months of 2017?

Midsize cars deserve most of the blame. (Read More…)

By on May 2, 2017

2017 Jeep Compass - Image: FCA

U.S. auto sales declined nearly 5 percent in April 2017, the fourth consecutive month where U.S. auto sales failed to live up to 2016’s prodigious pace.

Auto sales are now down by more than 2 percent through the first one-third of 2017, a year-over-year decline of roughly 130,000 sales caused in no small part by a bevy of Fiat Chrysler Automobiles’ brands. Chrysler’s 27-percent year-over-year downturn is the worst decline of any brand. Fiat and Jeep — yes, Jeep — have each posted double-digit percentage losses. Dodge is down, too.

But it’s not just FCA. Through the end of April, 18 different auto brands have lost ground, from Lexus and Acura through to Cadillac and BMW, with Buick, Chevrolet, Hyundai, Kia, and Toyota in their midst.  (Read More…)

By on April 4, 2017

2017 Toyota Camry - Image: Toyota

Reaching the end of the line before an all-new 2018 model launches, the outgoing Toyota Camry is — quite predictably — losing sales. After all, the auto industry’s total sales volume is shrinking. Passenger cars, in particular, are paying a price. And the midsize segment is stumbling all the more so. With all these factors contributing, of course the Camry is shedding volume.

Aged, outdated, and antiquated, the Toyota Camry seemingly has the most to lose. Yet despite a 4-percent year-over-year U.S. sales loss in March 2017 and a 13-percent decline through the first-quarter of 2017, the Toyota Camry is gaining heaps of market share in America’s midsize sedan segment, not losing it.

That’s because the cars that are most to blame for the midsize sedan segment’s rapid decline don’t sit at the top of the leaderboard, but rather hail from the JV squad.  (Read More…)

By on April 3, 2017

2017 Volkswagen model range – Image: Volkswagen

March 2017’s U.S. auto sales volume dropped nearly 2 percent compared with March 2016, failing to live up to forecasts that expected March to be the best end to the first-quarter in nearly two decades.

Despite record volume at Nissan and Infiniti, continued growth at Subaru, meaningful gains at Buick, GMC, Dodge, Mitsubishi, and Ram, a third consecutive month of improvement at Mazda, and minor improvements at numerous other brands, auto sales fell below March 2016 levels because of declines at Ford, Toyota, and Fiat Chrysler. Hyundai and Kia combined for an 11-percent slide.

A third consecutive month of year-over-year decline for the industry suggests doom and gloom, as does the fact that inventories are ballooning and incentives are rising. Auto sales remain high, however, and only in comparison with 2016 — a banner year for the industry — do sales appear poor. Through the first-quarter of 2017, U.S. auto sales are down by less than 2 percent. (Read More…)

By on March 30, 2017

2017 Jaguar F-Pace – Image: Jaguar

Jaguar’s U.S. volume more than doubled in 2016, rising to a 12-year high thanks to the launch of an all-new entry-level sedan and the brand’s first-ever SUV.

The XE and F-Pace, which now account for nearly three-quarters of Jaguar’s U.S. volume, have taken the brand to a high-volume place (relatively speaking) Jaguar hasn’t visited since the X-Type roamed dealer forecourts.

One year ago, those models didn’t exist, and Jaguar was selling fewer than 50 cars per day in America.

Now Jaguar’s on fire. Year-over-year growth is explosive, with Jaguar’s U.S. volume more than doubling in each of the last ten months and more than tripling in each of 2016’s final three months.

That level of growth can’t be sustained. Jaguar Land Rover North America’s CEO Joachim Eberhardt told Wards Auto, “We have to continue to grow, but we are not looking to grow at the pace we have been.”

All that growth “still does not make us a giant luxury brand,” Eberhardt says. “It makes us a bigger luxury brand that now has scale but is still special and exclusive.”

There’s the key word. Exclusive. “I think that is part of our appeal and something to focus on maintaining,” claims Eberhardt.

What a revolutionary approach for a premium auto brand. (Read More…)

Recent Comments

New Car Research

Get a Free Dealer Quote

Staff

  • Contributors

  • Matthew Guy, Canada
  • Seth Parks, United States
  • Ronnie Schreiber, United States
  • Bozi Tatarevic, United States
  • Chris Tonn, United States
  • Corey Lewis, United States
  • Moderators

  • Adam Tonge, United States
  • Kyree Williams, United States