#Sales
Epidemic of Aging: Demographic Crisis Hits Nation's Driveways
Never mind 2020. In the previous decade, Americans purchased more new cars per year than ever before. Roaring out of the recession, U.S. sales volumes ticked upwards year after year, settling above the 17 million marker and staying there for quite some time. Even last year’s haul defied expectations, landing north of that hallowed marker.
It didn’t reverse the increasingly geriatric nature of the country’s fleet, however. American automobiles, on average, have never been older, and they’re now poised to jump rapidly in age.
Pandemic Spells a Late Entry for Genesis' First SUV
Already in the unenviable position of having gone its entire life without the presence of a utility vehicle, the now-adolescent Genesis brand has one last hurdle to clear before it can join the rest of its peers.
That hurdle is a delay caused by the spring coronavirus shutdown — meaning that the long-awaited GV80 SUV and its revamped sedan platform mate, the G80, won’t make it to market this summer, as initially planned.
Minivan Market Share Plunged During America's Pandemic-induced Second-quarter Auto Sales Collapse
“How bad is it? And how bad is it going to be?”
Those were our questions five months ago when describing the American minivan category’s paltry 408,982 sales in calendar year 2019. At that time, the rate of decline experienced by the segment suggested that, “America won’t even acquire 300,000 minivans next year.”
Enter novel coronavirus and, consequently, a second-quarter in which auto sales in the United States tumbled by a third. For perspective, that’s 1.5 million fewer sales between April and June of 2020 than during the equivalent period one year earlier.
Meanwhile, as quarantines and lockdowns and isolations and shutdowns caused new vehicle demand to shrink, the previously beloved minivan segment saw its share of the U.S. market absolutely crater.
On Again, Off Again: Volvo Aims to Get South Carolina Plant Back in Gear, but Something's Missing
Is there a U.S. assembly plant that’s not currently producing a utility vehicle that doesn’t need one? Perhaps, but that doesn’t describe Volvo Cars’ Ridgeville, South Carolina facility, which builds the new-for-2019 S60 sedan.
A still-shiny plant situated near Charleston’s busy harbor that only opened a year prior to the S60’s launch, the facility shuttered itself in late March as the coronavirus swept into North America, reopening in early May before going idle again a month later. Volvo Cars’ boss aims to get production underway again soon, but there’s a problem.
Meow: Another Double Dose of Schadenfreude From Carlos Ghosn
Shortly after his high-flying escape from Japanese semi-captivity in late 2018, former Renault-Nissan Alliance boss Carlos Ghosn got catty, marveling at what became of those two automakers after they dropped him from the phone directory.
Despite the coronavirus pandemic sinking profits and sales across the globe, Ghosn is pretty sure he knows what’s really to blame for Nissan’s current misfortunes.
Where Your Author Sells a Subaru During a Pandemic (Part II)
Today brings Part II of my 2012 Subaru Outback’s sales and ownership story, as the green all-terrain wagon recently pulled from the driveway for good. If for some reason you didn’t read Part I, find it here.
Now we press on with the vulgar topic of money.
Hyundai Pens a New Palisade Price Ceiling
After putting the finishing touches on its sales-seeking crossover expansion, Hyundai realized something already well-known by domestic truck makers — if you offer a new trim above your loftiest level of luxury, plenty of people are liable to buy it. Assuming the basic bones of the vehicle are competent enough, of course.
After looking at early sales, it seems the Palisade has earned Hyundai plenty of sales, and perhaps more importantly, plenty of first-time buyers.
Time to crank up the lux!
With Bronco Fam, Ford Rolls Out the Welcome Mat for New Buyers
The Bronco family, as Ford calls the trifecta composed of the Bronco Two-Door, Four-Door, and Bronco Sport, has a singular mission: to leverage the fond memories and emotions generated by a storied nameplate to lure new buyers to the brand, boosting the automaker’s volume and profitability.
Despite the pandemic, Ford’s expectations haven’t changed. And the ideal buyers of any member of the Bronco family isn’t someone who can take advantage of Plan Pricing.
Fluke? Electrified RAV4 Outsells Normal RAV4
Please don’t send us emails complaining about the use of the word “normal” in a headline. Yes, the Toyota RAV4 Hybrid is still a RAV4. Yes, it has every right to exist, and it makes its parents proud, each and every day.
Especially lately, given that the electrified version of the country’s top-selling compact crossover outsold its conventional sibling in June. Not that the hybrid RAV4 was a sales slug to begin with.
Tight Inventory Stands to Hamper July Sales, At Least for Some
Fall holiday discounts aside, the height of summer is typically a good time to head out and buy a car. The weather’s good, new models are rolling into dealers, and markdowns are appearing on older stock taking up precious space. Yet 2020 is anything but a normal year.
As the industry struggles to regain the volume it once enjoyed, threadbare inventories continue to plague automakers, though not everyone’s equal in this exercise.
Where Your Author Sells a Subaru During a Pandemic (Part I)
I last gave an update on the vehicles which occupy my drive back in February. At the time, the Volkswagen’s roof rattle issues had (finally) been corrected and I was all ready for a quick sale of my Subaru Outback. But said quick sale was interrupted by a few different issues, both local and global.
Uncertain Times for car sales, eh?
Good News: The Fiat 500L Is Back in Production
Fiat Chrysler’s Serbian assembly plant was the first European auto factory to shut down as a result of the growing coronavirus pandemic — a grim harbinger of things to come, and not just for Europe.
That temporary February shutdown stemmed from a parts shortage arising from the hard-hit Chinese manufacturing sector. A far more prolonged shutdown came in mid-March, for obvious reasons. Well, that’s all over, as a crucially important product is now back in production, ready to satiate the hunger of the American buying public.
Newly Potent Mazda 3's Power Specs Revealed
Mazda fans wanted more power, and that wish will soon be granted. As we learned via dealership codes last month, the 2021 Mazda 3 will give buyers the option of boosting their car’s output via a new turbocharged engine.
As this month is all about vehicle debuts, there isn’t long to wait before the newly potent 3 gets its own public unveiling. And thanks to a Mexican ad, the model’s power levels are already no longer a mystery.
The Mazda Bump: What a Difference a '0' Makes
June auto sales in the hard-hit U.S. new vehicle market were nowhere near normal for this time of the year, down an estimated 25 percent below levels seen last June. An improvement from May, yes, but far from a return to normal.
Unless, of course, you’re Mazda.
The pandemic-era trend we detailed not long ago continued in June for the scrappy little automaker, with an unlikely product proving unusually popular and a much newer product doing exactly what its creators intended.
Still Some Love for Internal Combustion in Italy
Nations like Germany might treat internal combustion engines like a shirtless man lighting up a Marlboro in a neonatal intensive care unit, but some countries still feel that they have a place in the automotive landscape. Italy even plans to put public dollars behind their purchase.
When economies and industries are suffering, governments can sometimes do the unthinkable.
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