The Truth About Cars » auto sales http://www.thetruthaboutcars.com The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. Fri, 12 Sep 2014 15:16:50 +0000 en-US hourly 1 http://wordpress.org/?v=3.9.2 The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. The Truth About Cars no The Truth About Cars editors@ttac.com editors@ttac.com (The Truth About Cars) 2006-2009 The Truth About Cars The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. The Truth About Cars » auto sales http://www.thetruthaboutcars.com/wp-content/themes/ttac-theme/images/logo.gif http://www.thetruthaboutcars.com America’s 10 Best-Selling Cars In August 2014 http://www.thetruthaboutcars.com/2014/09/americas-10-best-selling-cars-august-2014/ http://www.thetruthaboutcars.com/2014/09/americas-10-best-selling-cars-august-2014/#comments Sun, 07 Sep 2014 12:55:22 +0000 http://www.thetruthaboutcars.com/?p=906713 Honda sold more Accords in the United States in August 2014 than at any other point in the model’s rather illustrious history, securing a place as the top-selling passenger car in America last month. Year-to-date, the Toyota Camry leads the Accord by 35,045 units heading into September. For the Accord to overtake the Camry, the […]

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2015 Honda Accord coupe and sedanHonda sold more Accords in the United States in August 2014 than at any other point in the model’s rather illustrious history, securing a place as the top-selling passenger car in America last month.

Year-to-date, the Toyota Camry leads the Accord by 35,045 units heading into September. For the Accord to overtake the Camry, the Accord’s margin of victory in each of the remaining four months on the calendar would have to be even stronger than it was in August, the first time since February that the Camry wasn’t America’s top-selling car.

The leader in February, Nissan’s Altima, is America’s fourth-best-selling car so far this year and the fifth-ranked car in August. Altima volume rose 4% last month. Sales of the next-best-selling Ford Fusion jumped 20% in August, rising to 29,452. Ford is on pace to sell more than 310,000 Fusions in 2014, the first year in which Fusion sales will have climbed above 300,000 units.

Rank
Auto
August
2014
August
2013
%
Change
8 mos.
2014
8 mos.
2013
%
Change
#1
Honda Accord 51,075 38,559 32.5% 271,426 256,926 5.6%
#2
 Toyota Camry 44,043 44,713 -1.5% 306,471 287,119 6.7%
#3
 Honda Civic 34,032 39,458 -13.8% 231,167 230,578 0.3%
#4
 Toyota Corolla/Matrix 33,088 26,861 23.2% 238,275 210,296 13.3%
#5
 Nissan Altima 32,153 30,976 3.8% 235,260 228,297 3.0%
#6
Ford Fusion 29,452 24,653 19.5% 218,892 206,321 6.1%
#7
 Chevrolet Cruze 23,435 23,909 -2.0% 189,699 183,045 3.6%
#8
 Hyundai Elantra 22,845 24,700 -7.5% 157,555 174,902 -9.9%
#9
 Ford Focus 22,079 20,372 8.4% 160,759 171,921 -6.5%
#10
 Hyundai Sonata 21,092 16,917 24.7% 150,016 138,830 8.1%

America’s fifth-best-selling midsize car in August was the Hyundai Sonata, the tenth-ranked car overall. Sonata volume jumped 25% year-over-year and its year-to-date 8% improvement outpaces the gains made by all its better-selling rivals.

There is a faster-rising small car, however. Toyota Corolla sales shot up 23% in August and have risen 13% so far this year. The Corolla leads the Honda Civic by 7108 sales heading into September, a slight decrease from the lead it held a month ago after the Civic finished August with a 944-unit gap. Civic sales plunged 14% compared with August 2013. But it’s worth remembering that the Civic’s results at this time a year ago were an anomaly: August 2013 Civic volume was 22% better than any other Civic sales month in 2013.

With the Civic’s decrease and the Honda CR-V’s slight 2% drop, plus declines reported by the CR-Z, Fit, Insight, Crosstour, Pilot, and Ridgeline, the Accord carried Honda in August. Honda brand sales rose 1.5% year-over-year; 5.2% on a daily selling rate basis. The Accord generated 33.7% of Honda sales, up from 25.8% a year ago and 28.4% in July of this year. The Toyota brand relied on the Camry for a comparatively small 21.3% of its August volume.

Timothy Cain is the founder of GoodCarBadCar.net, which obsesses over the free and frequent publication of U.S. and Canadian auto sales figures.

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Russian Government Moves Ahead With Revived Cash For Clunkers Program http://www.thetruthaboutcars.com/2014/08/russian-government-moves-ahead-revived-cash-clunkers-program/ http://www.thetruthaboutcars.com/2014/08/russian-government-moves-ahead-revived-cash-clunkers-program/#comments Fri, 29 Aug 2014 13:00:18 +0000 http://www.thetruthaboutcars.com/?p=903274 A few days ago, we reported the Russian government was considering bringing back its cash for clunkers program to help spur domestic auto sales in the face of Western sanctions. The government as since decided to go forward with the scheme. Reuters reports the Kremlin will pledge P10 billion ($273 million USD) for the program, […]

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Lada Coupe

A few days ago, we reported the Russian government was considering bringing back its cash for clunkers program to help spur domestic auto sales in the face of Western sanctions. The government as since decided to go forward with the scheme.

Reuters reports the Kremlin will pledge P10 billion ($273 million USD) for the program, which is expected to subsidize over 170,000 new vehicles at a minimum discount of P40,000 ($1,086) for scrapping a passenger car, and P350,000 ($9,506) on up for commercial vehicles. Additional discounts from P40,000 to P300,000 ($1,086 – $8,148) will be made to consumers who trade-in vehicles six years of age or older.

The new program begins September 1, and will run through to the end of the year. A decision to revive the program in 2015 will be made no earlier than the middle of September of that year, according to Industry Minister Denis Manturov, and will be based on market conditions at that point in time.

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Russian Government Considering Revival Of Cash For Clunkers Program http://www.thetruthaboutcars.com/2014/08/russian-government-considering-revival-cash-clunkers-program/ http://www.thetruthaboutcars.com/2014/08/russian-government-considering-revival-cash-clunkers-program/#comments Tue, 26 Aug 2014 13:00:21 +0000 http://www.thetruthaboutcars.com/?p=899986 In an effort to combat plunging auto sales, the Russian government is deliberating on a decision to bring back its cash for clunkers program, last seen sending Ladas, Volgas and GAZs to the crusher back in 2010. Just-Auto reports current geopolitical conditions — Ukraine, Crimea, sanctions by Western powers — are leading the path toward […]

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russias-cash-finished-programme-511.si

In an effort to combat plunging auto sales, the Russian government is deliberating on a decision to bring back its cash for clunkers program, last seen sending Ladas, Volgas and GAZs to the crusher back in 2010.

Just-Auto reports current geopolitical conditions — Ukraine, Crimea, sanctions by Western powers — are leading the path toward a 25 percent to 30 percent fall in auto sales to date. Thus, the Kremlin is considering bringing back the program, through nothing more has come according to a Ministry of Trade and Industry representative.

The delay of action is also delaying many a consumer’s decision in buying a new vehicle, especially since the original program paid P50,000 ($1,680 USD in 2010 dollars) for a vehicle 10 years old and over. Consumers are also wondering what vehicles would be available under the new program, as well as engine size.

The 2010 program proved successful, though the Russian government spent up to $2 billion back then for 200,000 vehicles to be replaced with newer models. Whether it wants to do so again may not matter as sales continue to fall.

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A Contrarian View Of Subprime Auto Loans http://www.thetruthaboutcars.com/2014/08/contrarian-view-subprime-auto-loans/ http://www.thetruthaboutcars.com/2014/08/contrarian-view-subprime-auto-loans/#comments Thu, 07 Aug 2014 14:53:35 +0000 http://www.thetruthaboutcars.com/?p=883713 The topic of subprime auto loans has been a hotly contested one at TTAC, with numerous commenters defending both the practice and the stability of recent run-up in subprime lending. Over at the Autos and Economics blog (operated by contributor Mike Smitka), David Ruggles (better known as “ruggles” around here) provides a well-reasoned defense of subprime lending, […]

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subprimechart

The topic of subprime auto loans has been a hotly contested one at TTAC, with numerous commenters defending both the practice and the stability of recent run-up in subprime lending.

Over at the Autos and Economics blog (operated by contributor Mike Smitka), David Ruggles (better known as “ruggles” around here) provides a well-reasoned defense of subprime lending, and why he thinks we are not headed for a subprime lending bubble. Despite that, other voices seem to think we are heading for one, if not in subprime then in the broader market.

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America’s 10 Best-Selling Cars In July 2014 http://www.thetruthaboutcars.com/2014/08/americas-10-best-selling-cars-july-2014/ http://www.thetruthaboutcars.com/2014/08/americas-10-best-selling-cars-july-2014/#comments Sun, 03 Aug 2014 14:05:08 +0000 http://www.thetruthaboutcars.com/?p=879866 In the prelude to the introduction of Toyota’s revamped 2015 Camry, the current Camry has been selling at a prodigious rate. July 2014 marked the fifth consecutive month that the Camry has been America’s best-selling car; the tenth such month in the last year. During these last five months, Toyota has averaged 42,000 Camry sales […]

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2014 Toyota Camry SE

In the prelude to the introduction of Toyota’s revamped 2015 Camry, the current Camry has been selling at a prodigious rate. July 2014 marked the fifth consecutive month that the Camry has been America’s best-selling car; the tenth such month in the last year.

During these last five months, Toyota has averaged 42,000 Camry sales per month, up 17% compared with the average monthly sales output from the same period one year ago.

Although not the most relevant figure when analyzing passenger car volume, the fight in which the Camry is currently participating doesn’t involve the second-ranked Honda Accord, so clear is its number one status. It has quickly become a foregone conclusion that the Camry will end 2014 as America’s best-selling car: the Accord would need to outsell the Camry by nearly 8400 units per month in each of the calendar’s remaining five months to make up the deficit.

Instead, the Camry is tangling with the Chevrolet Silverado to end 2014 as America’s second-best-selling vehicle line overall. The Camry is currently 20,453 sales back of the Chevy pickup. On a monthly basis, the Camry last outsold the Silverado in May. On a yearly basis, the Camry most recently outsold the Silverado in 2009.

Rank
Auto
July
2014
July
2013
%
Change
7 mos.
2014
7 mos.
2013
%
Change
#1
Toyota Camry
39,868 34,762 14.7% 262,323 242,244 8.3%
#2
Honda Accord
35,073 31,507 11.3% 220,351 218,367 0.9%
#3
Toyota Corolla/Matrix
30,833 23,357 32.0% 205,122 181,982 12.7%
#4
Honda Civic
30,038 32,416 -7.3% 197,135 191,120 3.1%
#5
Nissan Altima
26,654 29,534 -9.8% 203,107 197,321 2.9%
#6
Ford Fusion
23,942 20,522 16.7% 189,440 181,668 4.3%
#7
Hyundai Sonata
22,577 18,903 19.4% 128,924 121,913 5.8%
#8
Hyundai Elantra
22,213 23,958 -7.3% 134,710 150,202 -10.3%
#9
Chevrolet Cruze
20,926 25,447 -17.8% 166,264 159,136 4.5%
#10
Ford Focus
17,724 16,764 5.7% 138,680 151,549 -8.5%

Most assuredly, the Chevrolet Malibu is not the top GM rival for the leading Toyota. The Malibu was America’s 16th-best-selling car in an improved July, but sales are down 5% this year after falling 5% (from 2012′s 210,951-unit peak) in 2013.

Chevrolet’s Cruze, on the other hand, has made its way to the top of the passenger car leaderboard in the relatively recent past, if June 2011, can be called recent. (The Malibu was America’s best-selling car in May 2011.) The Cruze ranked second behind the Camry in June of last year. Cruze volume jumped 3% in 2012, 4% in 2013, and sales had risen 18% through the first five months of 2014. Cruze sales then plunged 21% in June.

The Cruze joined three other members of this top ten list – Civic, Altima, Elantra – in recording year-over-year decreases last month. Of those four cars, only one, the Elantra, has recorded a year-over-year decline through the first seven months of 2014. Cruze sales are up by 7128 units so far this year, but maintaining growth has clearly proven difficult over the last two months, what with stop-sale orders and all.

Four different passenger car nameplates generated more than 30,000 July sales, up from three in July 2013 and zero in July 2012. These figures speak to the  recent growth in the overall passenger car market, which grew 5% in July.

Overall “light truck” volume was up 14%.

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SAAR Hits 17 Million On Strong June Sales http://www.thetruthaboutcars.com/2014/07/saar-hits-17-million-on-strong-june-sales/ http://www.thetruthaboutcars.com/2014/07/saar-hits-17-million-on-strong-june-sales/#comments Wed, 02 Jul 2014 12:47:36 +0000 http://www.thetruthaboutcars.com/?p=857465 For the first time since 2006, the SAAR topped 17 million, as the first half of 2014 finished on a strong note. Buick, Audi and Jeep posted double digit gains, while Maserati sales rose 233 percent, on account of having more than two vehicles in its lineup. Volvo, the Chrysler brand, Smart, Acura and Volkswagen […]

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2014-Maserati-Ghibli-blue-Main_rdax_646x396

For the first time since 2006, the SAAR topped 17 million, as the first half of 2014 finished on a strong note.

Buick, Audi and Jeep posted double digit gains, while Maserati sales rose 233 percent, on account of having more than two vehicles in its lineup. Volvo, the Chrysler brand, Smart, Acura and Volkswagen brand were the big losers. The average transaction price rose to $32,342, a 1.4 percent increase since this time last year. For a full table, see Automotive News.

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Analysis: Google Cars Gets Ready To Retail Rumble http://www.thetruthaboutcars.com/2013/03/google-cars-retail-sales-rumble/ http://www.thetruthaboutcars.com/2013/03/google-cars-retail-sales-rumble/#comments Wed, 06 Mar 2013 07:25:38 +0000 http://www.thetruthaboutcars.com/?p=480094 Google’s autonomous car program tends to get the lion’s share of attention when discussing the tech giant’s auto initiatives. But lurking in the background is a more immediate project that has the potential to finally “disrupt” (as Silicon Valley types are so fond of saying) online automotive sales. The last party to attempt such a […]

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Google’s autonomous car program tends to get the lion’s share of attention when discussing the tech giant’s auto initiatives. But lurking in the background is a more immediate project that has the potential to finally “disrupt” (as Silicon Valley types are so fond of saying) online automotive sales.

The last party to attempt such a feat was TrueCar, an innovative and well-intentioned company that ultimately ran afoul of dealers, regulators and the OEMs. TrueCar was forced to pull itself back from the brink and re-invent itself as a more dealer-friendly company, a process painstakingly documented by Ed and Bertel before I ever appeared on the masthead.

What TrueCar did was distort the information asymmetry that car dealers rely on to make money. TrueCar was able to provide data on everything from dealer invoice to transaction prices and allowed dealers to compete with one another for a sale – a major taboo in the world of car sales.

Now, Google is rolling out a service, the imaginatively named Google Cars, beyond its initial Bay Area test market. Consumers will be able to log onto Google Cars and use the handy one-stop filter box (rather than clicking through various menus and sub-menus to boost a given site’s pageview count) and get inventory, pricing and retailer information for the exact car they’re looking for, down to the color. With 66 percent of dealer website visits arriving from Google, it only makes sense for the tech giant to try and capture some of that value. Under the Google program, users can shop for their cars via the first page of any given Google search. Google will get a minimum of $10 per lead, which is determined by a bidding system. One California Toyota dealer told Automotive News that he was paying $22 per car and $26 per truck or crossover, slightly more than the $20 paid to competing services.

Reviews have been mixed, according to AN. Some dealers like the flexibility of bidding for leads, while others expressed frustration that potential customers can contact dealers anonymously (via disposable phone numbers or email accounts, which expire after a set number of unanswered calls or emails), which they say diminishes the effectiveness of the leads.

Regardless of the potential issues, Google Cars cannot be ignored. Google’s massive size and resources will allow it to be far more aggressive than TrueCar ever was when interacting with dealers and OEMs. Regulators may be a thorn in Google’s side (never underestimate the lobbying power of NADA and other dealer bodies), but again, it has the resources to put up a proper fight against the usually dominant entities.

On a smaller scale, Google Cars is likely to cause a lot of headaches for the established players in the online auto retail spaces. Current juggernauts like Edmunds, Kelley Blue Book, Cars.com and even TrueCar are all threatened by Google Cars, thanks to the strength of the Google brand and most of all, the superior user experience. Once consumers know that they can access a high-quality car shopping tool without ever leaving Google and have the benefit of Craigslist-style anonymity it will be a tough sell for the other sites to get their customers back. About the only criticism levied at Google Cars in this area is the lack of content, like car reviews and automotive news. But Google has never been a content company and they are wise in avoiding this space. Better to aggregate the near-infinite amount of automotive content (aggregation is one of Google’s strengths, after all) that will likely be consumed by dedicated auto enthusiasts rather than consumers. A successful Google Cars could also cause indigestion further down the on-line food chain, at sites that live mostly off selling leads, and who dress-up the lead generation with content, which all too often is not their own.

Aside from the millions it should generate for Google, the car shopping tool is yet another way for them to collect data on consumer purchases. In this case, Google will amass significant personal information relating to what is likely the second largest purchase of one’s life, data that goes beyond whether you like a tan interior or a manual transmission. Google already can sense purchase intent from your browsing data, actively perusing a shopping service would confirm this intent. Yes, it’s ironic considering that Google subscribes to the idea that “information wants to be free“, but there’s a reason behind the internet adage “if you’re not paying for it, you are the product”.

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