#CarSales
Record Sales Pace Partially Fueled by Record Incentives
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.
Chart Of The Day: GM's Gradual Car Sales Decrease
GM 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 volum e, 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.
January 2015 Sales: Buick's Cars Bring The Brand Down
Rough starts do not invariably lend credence to the belief that 2015 will be full of doom and gloom. Although January accounts for 8.5% of a calendar year, the month was responsible for just 6.7% of all new vehicle sales in 2013; only 6.1% of all new vehicle sales in 2014.
For a number of auto brands, however, 2015 could be difficult. At Scion, for example, sales fell 7% in 2013 and 15% in 2013, decreasing in 19 consecutive months before January 2015’s 8% year-over-year decline.
• Encore sales up 46.5% in January
• Regal falls into three-digit territory
• GM car sales down 7.3%
Jaguar volume slid 6% in January, a poor follow-up to 2014’s 7% drop. Although the XE will help, it’ll be a while before the brand’s new entry-level model actually lands. Smart is entering a transition phase, and the 6% drop in January to just 492 sales translated to the brand’s lowest-volume month since January 2013 and the second-lowest since November 2011.
Meanwhile, the 20% and 50% drops at Maserati and Bentley, respectively, equal slight volume decreases which could easily be made up in a single month at some point down the road.
But after 2014’s 11% increase – the fifth consecutive year in which annual volume has improved – and ten monthly YOY improvements in 2014, Buick sales slid 5.5% in January 2015.
Chart Of The Day: Cars Vs. Light Trucks Over The Last Decade
After selling in virtually identical numbers in 2013, light truck sales in the United States overtook car sales in 2014 for the first time since 2011.
Light trucks, a category which encompasses everything from pickups and body-on-frame SUVs to minivans and commercial vans to SUVs and very car-like crossovers, accounted for 52% of U.S. new vehicle volume in 2014, up from 49.9% in 2013.
Tesla's Tanking U.S. Sales And The World Of Automakers Falsifying Sales Numbers
Tesla’s first fleet deal? Around 100 Model S’s were sold to a Las Vegas startup taxi service.
The auto journo world is in a tizzy because electric automaker Tesla refuses to post its car sales numbers on a monthly basis and the numbers they do divulge are suspicious as they are without detail and they vary widely from actual registration numbers. Our friends at Jalopnik ranted about it last week, calling on Tesla to start reporting sales consistently. They based their story on a report by Seeking Alpha that deduced that Tesla may have as many as 12,000 unsold Model S’s, based on registration figures and the automaker’s quarterly financial reports.
We say congratulations, Elon Musk, you truly are the head of an American car company now, as reporting bogus sales numbers to the press is a normal part of an automaker’s modus operandi.
Lower Fuel Prices Not Slowing U.S. Car Sales At BMW
Passenger car sales in the United States are up just 1% as the overall industry has grown more than 5% through the first eleven months of 2014. America’s two best-selling premium brands, however, are enjoying more encouraging passenger car numbers in 2014. Quickly decreasing fuel prices are not, as of yet, slowing car volume at BMW in the least.
Nissan Defies Trends, Keeps Selling More Cars In America
In the steadily growing U.S. new vehicle market, car sales have increased just 1% through the first ten months of 2014.
Nissan, however, says their car sales have grown 15.5% in 2014, surging forward by more than 90,000 units to 669,538.
In calendar year 2013, total new vehicle sales were up nearly 8%, but car sales grew just 4% during a year in which, for example, pickup trucks were up 12%.
2014 hasn’t been so kind to cars, with the Chrysler Group’s passenger cars collectively falling 15%, Ford Motor Company car sales sliding 4%, GM cars up less than 2%, American Honda car sales up less than 1%, Hyundai car sales down 3%, total Toyota/Lexus/Scion cars up just 1%, and the Volkswagen brand’s cars down 12%.
Can The TLX Restore Acura's Car Business?
U.S. sales of passenger cars at the Acura brand are down 32% through the first eight months of 2014, yet total Acura brand volume is down just 3%, a loss of 3264 units. Acura’s trio of crossovers, including 66 sales from the cancelled ZDX, have improved 20%, a gain of more than 12,000 units, not quite enough to offset the car division’s 15,552 lost sales.
It’s a tough year on which to judge Acura’s car output. Acura is replacing the TL sedan, TSX sedan, and TSX wagon with a single model, the TLX sedan. The TLX operates in a broad and rather affordable price spectrum, with four and six-cylinder powerplants, front or all-wheel-drive, and eight or nine-speed transmissions.
But this year’s car sales decline at Acura is nothing new. Moreover, it stretches beyond the disappointing sales of the disappearing TL and TSX.
Spanish Scrappage Scheme Now In Its Fourth Iteration
The Spanish government is extending its own version of “Cash for Clunkers” for the fourth time, as Spain tries to boost sagging car sales in the midst of a severe recession.
Car Sales: Best July Since 2007, Almost Everybody Up, Truck Sales Yield Big 3 Market Share Gains
The recovery of the auto industry in the U.S. continues with July sales being the best in seven years, up 14% from last year. Every domestic and foreign based automakers had increased year to year sales, with double digit gains at six companies. Leading the pack were Honda, Toyota and General Motors, with sales up 21, 17 and 16 percent respectively. Ford, Chrysler and Nissan each were up 11%. Subaru, whose North American sales helped parent Fuji Heavy Industries to record earnings, had the best year to year performance, up 43%.
The Car Sales Comeback
Happy days are here again!
April new car sales were up 9% from April 2012; which doesn’t sound like all that much until you realize that the winning brands beat losing brands by a near 5 to 1 margin.
As for used cars sales, they are even better. Official stats for the used car market are always hit or miss. But with large dealer networks such as Sonic Automotive, Carmax, Group One, and Asbury Automotive all recording double digit used car sales growth, it’s safe to say that the overall market for late model vehicles remains healthy.
And for all that good fortune, you can thank one overwhelming force in today’s marketplace.
Analysis: Google Cars Gets Ready To Retail Rumble
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.
AutoNation's Car Cassandra Warns Of Big Market Crash
Automakers look with worry at the tanking European market, but have great hopes for an advancing American. Not so fast, says Mike Jackson, CEO of AutoNation Inc. He sees a day of reckoning follow a few years of good auto sales.
Germany In September 2012: Brace For Impact
For most of the year, the German new car market could defy Europe’s eye-popping g-forces. No more. Germany is now officially going down with the rest of them. With 250,082 units sold in September, German new car sales dropped 10.9 percent as compared to September last year.
Pessimistic Predictions For China Worry Western Automakers
China has been the engine under record earnings at German automakers such as Volkswagen, Daimler and BMW. China helped GM offset its heavy losses at Opel, and provided more than 2 million cars that earned GM the (some say undeserved) title of world’s largest automaker. All of them have invested heavily into added capacity in China. All of them have reason to be worried.
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