Tag: car sales

By on September 20, 2017

2017 Subaru Impreza sedan and hatch - Image: SubaruThrough the first eight months of 2017, consumers across America have acquired 12 percent fewer new passenger cars than during the first eight months of 2016.

That’s a drop of 565,000 sales, a rate of decline that stands in stark contrast to the U.S. auto industry’s 4-percent year-over-year light truck improvement. Cars now account for just 37 percent of all auto sales, down from more than 50 percent as recently as 2012. But it’s not all doom and gloom. Some auto brands are selling more cars this year than last, and a wide variety of cars are accelerating their sales pace. Subaru, for example, has already sold 17,981 more Imprezas in 2017 than in the same period of 2016.

So we’ve compiled a list of every passenger car that’s making meaningful headway in America’s anti-car market — the cars that are selling more and more often even as many of their competitors suffer under the weight of a pro-F150, pro-RAV4, pro-Escalade ESV wave.

The list is not very long. (Read More…)

By on August 22, 2017

2018 Chevrolet Tahoe RST

It turns out millennials aren’t the freakish alien shape-shifters the media has portrayed them as for the last decade. While still less prone to breeding, poorer than their parents, more educated, and inclined towards city living, they’re human after all.

“Where’s the proof?” you ask?

Recent surveys indicate millennials are, in fact, moving to the suburbs and buying SUVs. But that didn’t stop analysts from being dicks about it. “As more people move out of their parents’ basement — and there’s still quite a few living there — we expect to see continued healthy demand for homes,” explained Svenja Gudell, chief economist for Zillow. “Millennials delayed home ownership, just like they delayed getting married and having kids, but now they’re making very similar decisions to their parents.”

More importantly, home ownership means compulsory sport utility shopping. Large SUV sales have increased 11 percent in the first half of 2017, according to estimates from Ford Motor Company. Meanwhile, midsize family haulers increased by 9 percent and small SUV sales went up by 4 percent. Ford’s market research indicates this could just be the tip of the iceberg.  (Read More…)

By on August 9, 2017

2018 Volkswagen Tiguan - Image: VolkswagenAfter steady declines even prior to the diesel emissions scandal of nearly two years ago, Volkswagen of America took another serious hit in 2016 — the best year on record for the auto industry. Compared with 2012, Volkswagen volume sank by 85,000 sales last year.

But by the end of 2016, Volkswagen’s U.S. sales volume was beginning to rise again. True, that rise was in comparison with a true low — Volkswagen sales in the final one-sixth of 2016 were up 22 percent year-over-year but were 17-percent lower than in the same period of 2012 — but Volkswagen was bouncing back.

The bounce back continued through the first half of 2017, with Volkswagen sales through June up 8 percent despite the market’s 2-percent downturn.

Perhaps July was just a blip on the radar. But Volkswagen’s eight-month streak of improvement screeched to a halt last month as the U.S. auto industry reported its most significant losses of the year, and as Volkswagen’s new SUV lineup continues to dip its toes in American waters. (Read More…)

By on July 24, 2017

2017 Chevrolet Trax and Sonic - Images: GMPerhaps we oversimplify it. Perhaps we don’t.

Take one Honda Fit or Chevrolet Sonic or Mazda 2, alter the exterior body panels, clad the wheel arches or bumpers in a modest amount of black plastic, periodically route power to the rear wheels without any fancy AWD systems, elevate the roofline, and increase ride height just a bit. Use a typical small car engine, the same transmissions, and many of the same interior bits.

The result: HR-V, Trax, CX-3. Call it a crossover. Dare even to call it an SUV.

And then, according to Kelley Blue Book, charge customers $7,700 more for the privilege. (Read More…)

By on June 30, 2017

FCA Brampton Assembly Line Challenger & 300 - Image: FCAAutomakers likely sold fewer than 1.5 million new vehicles in the United States in June 2017, a modest decrease of around 2 percent compared with June 2016.

While auto sales remain high by historic standards — 1.48 million sales would still make June 2017 more than 15-percent better than the 1.33 million June average from 2011-2015 — June nevertheless represents the persistence of a negative trend.

After 2016 ended with a December boom to close out the highest-volume year on record, auto sales in the United States declined on a year-over-year basis in each of 2017’s first five months. A 2-percent drop in June, worth roughly 30,000 lost sales, will run the streak of decreases to a full half-year.

The American auto industry’s decline comes as automakers continue to incentivize heavily and, fortunately for manufacturers, consumers grow ever more willing to pay higher prices. (Read More…)

By on April 12, 2017

2017 Honda Civic hatchback - Image: Honda

Canadian passenger car sales are falling, not unpredictably, as SUVs and crossovers continue to earn an increasingly large chunk of market share.

And yet at the top of the passenger car leaderboard, Canada’s two best-selling cars are selling at a record pace, with no small amount of help from new hatchback body styles.

Bucking the Canadian, North American, and global anti-car trend most distinctly is the Honda Civic, Canada’s best-selling car in each of the last 19 years.

Indeed, so strong have Civic sales been through the first-quarter of 2017, we’re ready to make a projection. Make it a confirmation. We’ll say it with certainty. Honda Canada’s Civic streak will reach a full two decades, twenty years, as the Civic becomes Canada’s best-selling car in 2017.

The Civic’s lead is already insurmountable. (Read More…)

By on January 23, 2017

Aftermath of the demo derby Focus, Image: © 2013 Matthew Guy

Gearheads like ourselves are particularly susceptible to the siren song a car, especially if our own Id deems it to be a ZOMG good deal. This is the deep and perilous financial rabbit hole into which most of us fall.

All of this was on prominent display this weekend at the annual Barrett Jackson classic car auction this past weekend in the Arizona desert. I stood across from a guy who, wild-eyed and armed with a bidder’s number, was bound and determined to win the 1964 Austin-Healey in front of us on the block. He was successful, and I wish him well, Lucas electrics and all.

I wager most of us reading TTAC have a story of getting waaaay too wrapped up in the auctioneer’s patter or throwing caution to the wind on a particularly sketchy Craigslist ad … including our esteemed Managing Ed.

(Read More…)

By on December 2, 2016

2013 Toyota Avalon Limited, Exterior, Avalon badge, Picture Courtesy of Alex L. Dykes

“Well, I bought that car last night.” Craig has this unnerving habit of simply appearing at my cubicle while I’m trying to do something productive, like texting people or reading random articles from the Last Psychiatrist archive on my phone. He’s a soft-spoken fellow, entering late middle age the same way that I am but not showing nearly as much evidence of blunt trauma, well-compensated in his engineering job but modest in appearance and disinclined to spend money.

Regarding my life and temperament, I like to follow the example of Robert Bly in quoting Cesar Vallejo: “Well, / On the day that I was born / God was sick / gravely.” I suspect that on the day that Craig was born, by contrast, God was in perfect health and settling down with the newest issue of Consumer Reports. About a month ago, Craig started seriously thinking about replacing his 150,000-mile Honda CR-V. It’s been a faithful companion for a freeway commute that takes about an hour in each direction, but even the most prosaic of Hondas eventually reaches a point where the cost of maintenance starts to become a factor. Not in money, necessarily, but in time.

Knowing that I dabble a bit in things automotive, Craig had asked what I thought about the new CR-V. This was a subject on which I was glad to speak, because I absolutely despise the “cute-utes” and will take every opportunity to rooster-block the purchase of one.

(Read More…)

By on November 27, 2016

dealership

Have you ever wondered why the model year and actual calendar year of production vehicles rarely coincide? Do you ever notice American-made cars have a tendency to come out almost comically early? Have you ever wondered why?

The answer is as uniquely American as the question itself, revolving around agriculture, consumer culture, and television.

(Read More…)

By on November 16, 2016

Used Car Dealership NYC

If you fancy yourself an automotive bargain hunter, the best time to score a deal on a used car is right around the corner. So, stop clicking around on Autotrader for five minutes and equip yourself with some useful knowledge to better your odds of snagging some savings.

(Read More…)

By on November 10, 2016

Trump and Clinton, Image: Image: By Donald Trump August 19, 2015 (cropped).jpg: BU Rob13Hillary Clinton by Gage Skidmore 2.jpg: Gage [GFDL or CC BY-SA 4.0], via Wikimedia Commons

Oh, come on. Don’t be mad. You knew I was gonna bait you a little bit this week with political stuff, right?

As I was reading the dozens and dozens of posts from my friends and frienemies on the Bookface yesterday, I couldn’t help notice all the discussion about the “popular vote” vs. the “electoral vote.” Depending on which side of the aisle you sit, I’m sure you have opinions about which one is more relevant. However, automakers play the popular vs. electoral game all the time, every day of the year.

(Read More…)

By on October 21, 2016

By Ceyhun Kavakci/Flickr (CC BY-SA 2.0)

Baby Boomers are getting too old for traditional sports cars. Their purchasing power may have ushered in the initial success of the muscle car (as well as its resurrection), but no 70-plus-year-old wants to obliterate their pelvis crawling into a low-slung coupe or have its rock-hard suspension rattle the dentures out of their mouth.

That leaves the younger generations to champion the sports car going forward, and — I am very sad to say — they will not be up to the task.  (Read More…)

By on August 8, 2016

Money (Frankleleon/Flickr)

As our own Tim Cain reported this morning, if not for the mid-sized truck sector, total U.S. new vehicle sales volume would have risen by less than one-tenth of one percent. Now, forecasters are reducing their outlook for the remainder of 2016, leading some automakers to start fighting the stagnating market by deploying aggressive incentives.

Sound dangerously familiar? It should. A quote from George Santayana is very appropriate at this juncture: “Those who cannot remember the past are condemned to repeat it.”

(Read More…)

By on July 21, 2016

Cadillac Man, Robin Williams

Imagine that you owned a successful business. For many of you reading this today (including me), you don’t have to imagine, because you’ve done it. If you owned anything from a lemonade stand to a global airline, you’d have a pretty good idea of your costs and profits. You’d know which advertising sources worked best for your business. You’d strive to know where your customers came from. You’d have a system for hiring and training employees.

You’d do all of this and more, because you must have all of your ducks lined up in pretty little rows to be successful.

Well, that is unless you’re a car dealer. In that case, you may have no idea about any part of how your business works and still make money hand over fist.

Don’t believe me? Over the next several weeks, I’ll prove it to you. Today we’ll start with a simple concept that befuddles most dealers: online merchandising.

(Read More…)

By on July 7, 2016

TTAC car sales chart

Barely four out of every ten new vehicles sold in the United States in the first-half of 2016 were traditional passenger cars. Toyota Camrys, Honda Civics, Ford Mustangs, Mercedes-Benz C-Classes, and dozens of alternatives remain numerous — more than 3.5 million were sold in 2016’s first six months.

But together, these cars make up a smaller chunk of the market now than they did a year ago, and a far smaller slice of the market than just five years ago. Cars were at parity with light trucks (pickups, SUVs, crossovers, vans) in 2011 and earned 52 percent of the market the year prior. (Read More…)

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