Tag: inventory

By on December 6, 2016

2017 Chevrolet Camaro V6 V8 1LE - Image: General Motors

Well, that was short-lived. After somewhat positive, very incentive-fueled results for the Chevrolet Camaro in September and October, November’s numbers told a very different story.

General Motors’ underwhelming launch of the sixth-generation Chevrolet Camaro produced significantly fewer sales in 2016 than the old Camaro managed in its final year. Camaro sales through the first eight months of 2016 were down 15 percent, year-over-year. But GM then threw down the incentive gauntlet in September with massive discounts, intending to clear an inventory glut.

It worked. Sort of. The Chevrolet Camaro outsold the Ford Mustang in September — and again in October — but inventory levels scarcely decreased. Autumn simply isn’t the time to sell large numbers of pony cars, even if the Camaro attracted more buyers thanks to average discounts of $4,700 per car.

Regardless, that two-month Camaro win streak turned out to be a two-month blip. General Motors scaled back Camaro incentives in November 2016. Consequently, Camaro volume declined, the Camaro was once again handily outsold by the Ford Mustang, and there are now 177 days of Camaro supply across America. (Read More…)

By on October 11, 2016

2015 Ford Mustang Flat Rock production

Update: Added official statement from Ford.

Ford Motor Company is briefly shutting down production of the Ford Mustang at the car’s Flat Rock, Michigan, factory in a quest to avoid ballooning inventory ahead of the winter months, Bloomberg reports.

Year-over-year, U.S. sales of the Ford Mustang tumbled 32 percent in September 2016 in response to rapidly elevating incentives on the Chevrolet Camaro. As the Camaro outsold the Mustang for the first time since October 2014, Mustang sales fell to a 23-month low, causing inventory at the end of September 2016 to rise to an 89-day supply, up from 71 days of supply one month earlier.

The temporary idling at Ford’s Flat Rock facility will allow Ford to bring U.S. Mustang inventory down to more appropriate levels. 60 days of inventory is considered normal.  (Read More…)

By on September 2, 2016

2017 Subaru Forester

Sales of new vehicles declined by nearly 4 percent in the United States in August 2016, a year-over-year drop which followed flatlining sales over the previous three months. Bucking the trend to no small degree in August was capacity-constrained Subaru, which earned 4 percent of the market by selling more than 60,000 new vehicles for the first time in the company’s history.

Making Subaru’s achievements even more impressive: according to TrueCar, discounts in Subaru showrooms in August were 78-percent below the industry average. (Read More…)

By on August 22, 2016

2016 Chevrolet Camaro SS yellow“Do you want to get in and out of your car easily and do you want to be able to back out of a tight parking spot?” Ford Mustang buyer and former Chevrolet Camaro shopper John Oglesby wrote to Car And Driver for its September 2016 issue. “If so, you need the Mustang.”

John Oglesby is truly representative of the market as a whole. After holding its position as the top dog in the segment for five years, the Chevrolet Camaro predictably lost its title to the Ford Mustang in 2015, the year of an all-new Mustang; the last year for the now-departed fifth-generation Chevrolet Camaro.

2016 hosted the launch of an all-new Chevrolet Camaro, but a return to sales leadership wasn’t in the cards. Not at any point since the nameplate’s 2009 return has the Camaro sold so poorly. Year-over-year, U.S. Camaro volume is down 15 percent compared with 2015, the Camaro’s previous worst year since returning. (Read More…)

By on June 19, 2016

2015 BMW i3 Range Extender, Image: © 2015 Alex L. Dykes/The Truth About Cars

Have you been considering a new BMW but only have enough coin to buy one of Bavaria’s finest? At least one BMW dealer in the U.S. might have a solution.

If you don’t mind buying a new BMW that’s been languishing on the lot for a year, Century West BMW will throw in a lease on a BMW i3 on the house.

(Read More…)

By on May 8, 2016

2016 BMW 340i Exterior Front 3/4, Image: © 2016 Alex L. Dykes/The Truth About Cars

BMW went on a mad rager last year as it did everything it possibly could to claim the U.S. luxury sales crown from Mercedes and Lexus — and now katzenjammer is in full effect.

The premium German brand is looking at piled-up stocks of cars sitting on dealer lots. Predictably, those dealers aren’t happy, and BMW is trying to inject some saline to recover.

(Read More…)

By on April 23, 2015

inteior

I come to bury Derek Kreindler, not to praise him.

No, wait.

I come to praise Derek, not to bury him.

Scratch that.

I come to agree with Derek, and to disagree with him. And to agree with him again. Wait a minute, it will make sense.

(Read More…)

By on March 27, 2015

2015 Honda CR-V Exterior.CR2

While compact SUVs are doing well in the showroom, their success comes at the expense of midsize and compact car sales.

(Read More…)

By on October 22, 2014

2012-ford-f-250-xlt-westport-cng-front

Falling fuel prices are helping to drive sales of SUVs and trucks as of late, but at the expense of more efficient, greener offerings.

(Read More…)

By on October 22, 2014

2015-SRT-Viper-Anodized-Carbon-Time-Attack-Edition-3

After months of idling, the Dodge Viper will once again roll out of the assembly line to a roped-off display near you.

(Read More…)

By on August 11, 2014

 

2015 Cadillac CTS sedan

Back in May, we reported on the rather fat inventory levels of Cadillac’s products, examining through the context of the one product with less than 100 days of supply – the SRX crossover. A few months later, dealers are tight on the newly redesigned Escalade, but the inventory picture for Cadillac’s car lineup hasn’t gotten much better.

(Read More…)

By on May 20, 2014

450x298xholden-plant-450x298.jpg.pagespeed.ic.8Pz782lQeX

While our own Ronnie Schreiber may have taken Zero Hedge to task for its inaccurate story on unsold cars, Australia is facing a situation where rising inventories have created a buyers market, just as local production of automobiles is winding down.

(Read More…)

By on May 18, 2014
nissansunderland

Photograph: Nigel Roddis/Reuters

There’s a post at the Zero Hedge finance site that’s getting some attention. It’s really a repost from this site, and it includes a number of aerial and satellite photos of thousands of new automobiles that the author says are sitting on storage lots, unsold. The author claims that automobile manufacturers are continuing to churn out thousands, perhaps hundreds of thousands of cars that will likely never ever sell. He warns that those cars that do sell will suffer mechanical issues from having sat for so long. He claims that those cars that don’t sell are recycled and that it’s all a sham to keep assembly lines churning. The author also doesn’t know what he’s talking about.

(Read More…)

By on November 27, 2013

In August, Ford Motor Company started production of their mid-sized Fusion sedan at its Flat Rock, Michigan assembly plant, supplementing production in Mexico to keep up with demand.

(Read More…)

By on September 5, 2013

 

Automaker Aug. 2013 Aug. 2012 Pct. chng. 8 month
2013
8 month
2012
Pct. chng.
    BMW division 24,523 16,835 46% 188,997 164,636 15%
    Mini 6,023 5,718 5% 44,329 43,632 2%
    Rolls-Royce 84 79 6% 672 632 6%
BMW Group 30,630 22,632 35% 233,998 208,900 12%
    Chrysler Division 28,678 28,070 2% 212,495 216,616 –2%
    Dodge 52,858 47,348 12% 413,258 344,556 20%
    Dodge/Ram 86,445 73,413 18% 653,985 537,502 22%
    Fiat 4,190 4,150 1% 29,585 28,566 4%
    Jeep 46,239 42,839 8% 317,921 325,945 –3%
    Ram 33,587 26,065 29% 240,727 192,946 25%
Chrysler Group 165,552 148,472 12% 1,213,986 1,108,629 10%
    Maybach 4 –100% 32 –100%
    Mercedes-Benz 26,151 22,689 15% 203,147 182,087 12%
    Smart USA 993 753 32% 6,312 6,281 1%
Daimler AG 27,144 23,446 16% 209,459 188,400 11%
    Ford division 212,212 188,608 13% 1,649,821 1,453,536 14%
    Lincoln 8,192 8,141 1% 53,399 57,078 –6%
Ford Motor Co. 220,404 196,749 12% 1,703,220 1,510,614 13%
    Buick 24,650 18,000 37% 141,880 122,589 16%
    Cadillac 20,255 14,704 38% 119,586 90,933 32%
    Chevrolet 187,740 169,978 10% 1,365,544 1,270,582 8%
    GMC 43,202 37,838 14% 303,254 273,366 11%
General Motors 275,847 240,520 15% 1,930,264 1,757,470 10%
    Acura 17,051 15,646 9% 109,182 101,407 8%
    Honda Division 149,381 115,675 29% 944,267 847,840 11%
Honda (American) 166,432 131,321 27% 1,053,449 949,247 11%
    Hyundai division 66,101 61,099 8% 493,116 479,789 3%
    Kia 52,025 50,028 4% 378,380 386,809 –2%
Hyundai Group 118,126 111,127 6% 871,496 866,598 1%
    Jaguar 1,723 1,029 67% 11,134 8,546 30%
    Land Rover 4,938 3,727 33% 31,972 28,038 14%
Jaguar Land Rover 6,661 4,756 40% 43,106 36,584 18%
Maserati 326 219 49% 1,862 1,715 9%
Mazda 28,106 22,232 26% 198,026 185,346 7%
Mitsubishi 5,281 4,249 24% 40,980 41,316 –1%
    Infiniti 11,884 11,155 7% 71,879 77,151 –7%
    Nissan Division 108,614 87,360 24% 782,369 697,426 12%
Nissan 120,498 98,515 22% 854,248 774,577 10%
Subaru 41,061 28,293 45% 281,652 217,780 29%
Suzuki* 1,968 –100% 5,946 17,228 –66%
    Lexus 29,792 24,237 23% 171,238 150,604 14%
    Scion 7,698 7,722 0% 48,959 49,747 –2%
    Toyota division 194,047 156,561 24% 1,313,525 1,199,163 10%
    Toyota/Scion 201,745 164,283 23% 1,362,484 1,248,910 9%
Toyota 231,537 188,520 23% 1,533,722 1,399,514 10%
    Audi 14,005 11,527 22% 101,346 88,392 15%
    Bentley 198 156 27% 1,565 1,405 11%
    Lamborghini* 46 43 7% 368 344 7%
    Porsche 3,327 3,026 10% 28,456 22,279 28%
    VW division 40,342 41,011 –2% 282,913 286,750 –1%
Volkswagen 57,918 55,763 4% 414,648 399,170 4%
Volvo Cars NA 5,518 6,319 –13% 44,005 46,649 –6%
Other** 253 246 3% 2,024 1,963 3%
TOTAL 1,501,294 1,285,347 17% 10,636,091 9,711,700 10%

 

Riding on strong pickup truck and sedan sales, Chrysler Group and Ford Motor Co. both posted 12% overall sales increases from last August. It was Chrysler’s 41st straight year to year monthly increase. A number of manufacturers’ sales were constrained by tight inventory of models in high demand.

(Read More…)

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