October 2018 U.S. Auto Sales: Last Month Brought More Treats Than Tricks for Most Automakers

More mainstream brands saw year-over-year rises in sales volume last month than those who endured a sojourn into the red. It will surprise exactly no one to learn those who did earn sales growth largely did so on the backs of trucks, SUVs, and crossovers.

Nowhere was this more apparent than at Genesis, a brand peddling some excellent cars but – for the moment – completely bereft of an offering in America’s hottest segment. Fiat Chrysler, on the other hand, had a particularly strong October thanks to its top-heaviness in each of those markets.

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Ferrari IPO Delayed Until October

When Sergio Marchionne picked the day for Ferrari’s IPO, it looks like he may have ignored the lawyers.

An offering of 10 percent of Ferrari on the open market, originally scheduled for this month, has been pushed back to October.

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Miller Motorsports Park Closing This Fall After 10 Years of Operation

If you’ve meant to make the trip to Utah to turn some laps around Miller Motorsports Park, you might want to do it this year. The jewel of a circuit located a short drive from Salt Lake City, built to the tune of $100 million, will close October 31st.

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Best Selling Cars Around The Globe: Trans-Siberian Series Part 2: Moscow, Russia

Over the next few weeks I will be taking you on a trip through Trans-Siberian railway, stopping along the way in various Russia, Mongolian and Chinese cities to observe the vastly different car landscapes each time. The first stop was St Petersburg in Russia, we are now off to Moscow!

Russia, Mongolia and China not your thing? That’s fine, you can check out 174 other car markets on my blog.

Back to the Trans-Siberian and Moscow. Jump in!

If you can’t wait for the next report, you can follow my trip in real time here.

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Looks Like A Record October In India

Meanwhile in India, things look much better. No total sales are in yet, but market leader Maruti Suzuki posted a 39 percent gain in sales to 118,908 vehicles in October from 85,415 a year earlier, reports The Nikkei [sub]. This was the strongest October in Maruti Suzuki’s recorded history.

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Waaah: Domestic Auto Sales Down 26.7 Percent in Japan

As expected and predicted, October new car sales in Japan were a disaster. Japan’s domestic sales of new cars, trucks and buses declined 26.7 percent from a year earlier, down for the second straight month. Japan is going through a big withdrawal after the Japanese government withdrew incentives.

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Japan In October: It Will Be Ugly

October sales in Japan most likely will be a nightmare. Everybody thought they would drop after the government withdrew its subsidies last month. But it will be much uglier than expected.

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  • Probert They already have hybrids, but these won't ever be them as they are built on the modular E-GMP skateboard.
  • Justin You guys still looking for that sportbak? I just saw one on the Facebook marketplace in Arizona
  • 28-Cars-Later I cannot remember what happens now, but there are whiteblocks in this period which develop a "tick" like sound which indicates they are toast (maybe head gasket?). Ten or so years ago I looked at an '03 or '04 S60 (I forget why) and I brought my Volvo indy along to tell me if it was worth my time - it ticked and that's when I learned this. This XC90 is probably worth about $300 as it sits, not kidding, and it will cost you conservatively $2500 for an engine swap (all the ones I see on car-part.com have north of 130K miles starting at $1,100 and that's not including freight to a shop, shop labor, other internals to do such as timing belt while engine out etc).
  • 28-Cars-Later Ford reported it lost $132,000 for each of its 10,000 electric vehicles sold in the first quarter of 2024, according to CNN. The sales were down 20 percent from the first quarter of 2023 and would “drag down earnings for the company overall.”The losses include “hundreds of millions being spent on research and development of the next generation of EVs for Ford. Those investments are years away from paying off.” [if they ever are recouped] Ford is the only major carmaker breaking out EV numbers by themselves. But other marques likely suffer similar losses. https://www.zerohedge.com/political/fords-120000-loss-vehicle-shows-california-ev-goals-are-impossible Given these facts, how did Tesla ever produce anything in volume let alone profit?
  • AZFelix Let's forego all of this dilly-dallying with autonomous cars and cut right to the chase and the only real solution.