Tag: car sales

By on March 14, 2016

Scion iA, Image: Toyota

The best-selling Toyota subcompact in America is a Mexican-built Mazda that’s sold as a Scion and will soon be sold as a Toyota. It’s a car that’s already called the Yaris R in Mexico and the Yaris Sedan in Canada.

Meanwhile, Toyota’s once hot-selling subcompact, the Toyota-branded Yaris, is a hatchback imported from France that scarcely attracts any attention at all.

In between, Toyota’s actual Japanese-built Prius C is increasingly unpopular. (Read More…)

By on March 4, 2016

New Suckers At The Stock Photo Dealership

Just when you thought you’d read the last article analyzing the vehicle purchasing habits of Millennials, here comes another from Canada’s largest national newspaper, the Globe and Mail.

“Why car companies spend so much time targeting hipsters” is the headline of Jon Cook’s story, which delves into the cringe-inducing ad campaigns automakers have crafted to lure young and hip people into showrooms.

The author touches on some valid marketing points in the piece, then un-ironically introduces people who embody the hipster stereotype to talk about what hipsters like themselves want.

For starters, “hipster” is not interchangeable with “Millennial,” and the tropes that come with hipsterdom do not necessarily resonate across the age spectrum occupied by Millennials (roughly, people born in the 1980s and ’90s).

(Read More…)

By on January 13, 2016

2016-Porsche-Cayenne-Turbo-S-7

Porsche’s CEO is confident that the fix for their 3-liter diesel Cayennes will be approved by regulators, which is more than Volkswagen can say at the moment.

That, Kia’s big Detroit show, GM’s plan to sell cars online and Volkswagen CEO has a momentarily lapse of logic … after the break!

(Read More…)

By on January 8, 2016

2015 Porsche Macan

As the American auto industry soared past 2014’s output on the way to a record-setting year of new vehicle sales volume, the rising tide did not lift all boats.

Smart, Bentley, Dodge, Maserati, Jaguar, Fiat, Volkswagen, Scion, and Buick all sold fewer vehicles in 2015 than in 2014. The year-over-year rate of growth produced by Cadillac, Mini, Mazda, Chevrolet, Toyota, Chrysler, and Ford was, in each case, slower than the industry’s overall rate of expansion.

Thirteen automobile brands did, however, sell more new vehicles than at any time in their respective histories.

Arranged in reversing order of total sales, these are they. (Read More…)

By on December 3, 2015

Toyota-badge

Executives at Toyota say they expect extraordinary car sales to continue for two more years — although they may not be record-breaking years — before the industry finally slows from its current pace, Bloomberg reported (via Detroit News).

Low gas prices and a better economy will lead automakers to nearly 18 million car sales this year, which could surpass the previous record of 17.4 million set in 2000.

Next year may not be as good as this year, according to Bob Carter, senior vice president of operations for Toyota in the U.S., but it could be close. Even at 17.4 million sales for 2016, industry-wide, “you’re still going to see a smile on all of our faces,” he told Bloomberg.

(Read More…)

By on October 15, 2015

Scholfield Honda Dealership

(Updated with comment from GoodCarBadCar’s Tim Cain)

Analysts at IHS Automotive says car sales may be nearing its peak and automakers may expect a downturn in sales by 2017 due to rising interest rates, Automotive News reported.

Strong demand for auto loans is starting to wane, banks are reporting, and a pending federal interest rate hike could push some buyers out of the market, the agency reported.

After 2017 “credit markets are going to be much more difficult,” Charles Chesbrough, IHS senior economist, told Automotive News. Most analysts predict that interest rates will remain where they are for the rest of this year but many anticipate a rate hike by March 2016.

(Read More…)

By on August 11, 2015

GUARANTEED APPROVAL 2

Credit-reporting agency Equifax says that as of June 2015 more than $1 trillion has been loaned or leased in the United States. The total dollar amount is 10.5 percent higher than last year.

The average loan amount is $20,800, which is a 3.65 percent increase over last year, and the average sub-prime loan is $18,200. Sub-prime loans comprised 23.5 percent of newly originated auto loans.

More than 9 million new loans were made up to April 2015, which is a 5.8-percent increase over last year. Overall, more than 73.7 million cars are financed through loans in the U.S. (Read More…)

By on August 10, 2015

dealership2

Automakers could sell more than 17 million new cars and trucks in the U.S. this year, approaching the sales record set in 2000 of 17.4 million, Automotive News is reporting.

Analysts raised their forecasts after a strong July for automakers and new cars that will be reaching showrooms in high-selling segments by the end of the year. Last month was the 18th consecutive month for increasing sales.

Our own Timothy Cain thinks that regardless of the final number, 2015 will be a very, very, very good year for automakers.

(Read More…)

By on July 2, 2015

Insane People at the Stock Photo Dealership

The Detroit Bureau is reporting that even though June was a record sales month for many automakers, many of those sales were partly fueled with record incentives from the manufacturer.

Buyers could get up to $8,000 knocked of the price of a Kia K900 or up to $7,000 off of Ford hybrids or electric cars — even $8,000 for the 2015 Ford C-Max Energi.

(Read More…)

By on March 14, 2015

GM car sales bar chartGM passenger car volume decreased 15% through the first two months of 2015 in the United States, tumbling by more than 18,000 units, or 21%, in February alone.

With vastly improved U.S. pickup truck volume, steadily growing full-size SUV sales, and growth from the brand’s crossovers, GM was easily able to overcome the car deficit to post a 10% overall sales improvement in America through the end of February. (Read More…)

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