#RecordSales
Canadian Auto Sales Would Have to Plummet in Final Third of 2017 for This to Not Be the Industry's Best Year Ever
Canadian auto sales climbed to an all-time record high in 2013, jumping past the 1.7-million mark for the first time since 2002. The industry bettered that total in 2014, topped 2014’s total in 2015, and set a new record in 2016.
While U.S. auto sales continue to fall, sliding 2 percent in August and 3 percent through the first two-thirds of 2017, Canadian auto sales in August 2017 improved for a fourth consecutive month and the seventh month so far this year. Moreover, the improvements have been anything but modest. An 11-percent uptick in May was followed up by a 6-percent June increase, a 5-percent July increase, and a 7-percent August rise.
In fact, so strong are Canadian auto sales through the first two-thirds of 2017 that disaster would need to strike in the final four months of the year in order for 2017 not to be the best year ever for the Canadian auto industry.
Disaster appears unlikely.
As U.S. Auto Industry Declines Again, Subaru Reports All-time Record Sales in August 2017
Subaru’s eight-month-old U.S. monthly sales record of 63,177 units, reported in December 2016, fell by the wayside as Subaru of America posted its 69th consecutive year-over-year sales increase in August 2017.
Subaru sales last month jumped 5 percent over August 2016 to 63,215 units, breaking the brand’s all-time record by a scant 38 units.
Why is Subaru’s August growth and record achievement so important? There are four key reasons.
Subaru Is Inoculated Against a U.S. Auto Industry Slowdown - Expect 2017 to Be Another Record Year
Subaru of America set an all-time annual sales record in 2009.
You remember 2009, though you’d likely prefer to forget it.
The auto industry all but collapsed as the global economy went into meltdown. After total U.S. new vehicle sales volume fell to a 25-year low in 2008, sales tumbled a further 21 percent in 2009, the worst year for auto sales since 1982.
And yet Subaru of America set a sales record in 2009.
2017 is no 2009. But after surging to record levels in 2016, the U.S. auto industry’s sales volume is once again shrinking, albeit modestly. But Subaru of America president Tom Doll told Automotive News, “We certainly think we’re going to have our ninth consecutive year of record sales.”
No doubt.
Slowdown? What Slowdown? Ever-cautious American Honda Predicts Record Sales In 2017
– John Mendel, American Honda Executive Vice President
It took eight years for American Honda to break 2007’s U.S. sales record. But after muscling past the eight-year-old barrier in 2015, the Honda brand shot past the new mark with ease in 2016.
And Honda, typically prudent-verging-on-pessimistic, intends to report record sales at the end of 2017, as well.
2015 US Auto Sales Expected To Push Past 17M Units
This year is set to end on a high note as far as U.S. car sales are concerned, with 2015 shaping up to be the best year in a long time.
BMW May Build Second NA Plant To Fend Off German Rivals
In its battle against Mercedes-Benz and Audi for record sales, BMW is mulling over the possibility of a second plant in North America.
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