Tag: Sales

By on July 20, 2019

Ford Motor Company’s Oakville, Ontario assembly plant will soon see a reduction in manpower, according to the union representing Canadian Detroit Three autoworkers. The looming changes represent the latest blow to that country’s fragile car building presence.

For Ford, the cuts outlined by Unifor Local 7070 president Dave Thomas in a web post this week are an inevitable consequence of evolving lineups and consumer tastes. The company can’t build the Ford Flex forever. (Read More…)

By on July 10, 2019

Automotive retail sales in China rose slightly last month, representing the first uptick in volume over the last year, according to Bloomberg. But those gains were the result of a nationwide fire sale of backed-up inventory that dealers were tired of seeing clutter up their lots. Officially, the China Association of Automobile Manufacturers (CAAM) says the new vehicle market still kind of sucks.

For June, wholesale deliveries of new passenger vehicles fell 7.8 percent to 1.73 million units. That’s twelve straight months of negative growth.  (Read More…)

By on July 2, 2019

Surprising exactly no one, Americans continue to snap up light trucks and SUV apace, driving manufacturers like Subaru to month-over-month gains in June. In fact, the Exploding Galaxy is continuing a remarkably torrid sales streak, chalking up 91 consecutive months of year-over-year growth. The beauty of all wheel drive, indeed.

That rumbling you hear are Chevrolet execs jumping over furniture to try and comprehend their sudden relegation to third place in the perpetual fight for pickup truck supremacy. Through to the end of June, Ram has trounced Silverado to the tune of about 50,000 units.

Ooooh; don’t you hate that burning smell?

(Read More…)

By on June 26, 2019

2019 Volvo Cars USA full lineup - Image: Volvo

Thanks to the increasing popularity of its two most affordable models, 2019 appears to be the year in which Volvo’s U.S. operations will appear firmly and solidly back on track.

For the first time since 2007, Volvo is set to sell more than 100,000 vehicles in the United States. At the current 6 percent growth rate, Volvo is on track for a 12-year high. 60 years since the Swedish brand landed in America, and nearly a decade since its U.S. ownership phase ended at the hands of Ford, the now Chinese-owned marque is on the ascent for very much the same reason it was when setting sales records in 2004.

A mix of popular utility vehicles and growth from its entry-level models. (Read More…)

By on June 17, 2019

Due to weakening new-vehicle sales, the United States was staring down the barrel of near-record inventories a couple of months ago. Encouraged by the factory to ensure their lots were filled with the latest wares, dealers have watched their margins evaporate as employees and customers drowned in the sea of metal parked out front.

While still uncomfortably high, U.S. inventories started creeping back down in May. By the end of the month, the number of vehicles waiting to be adopted fell below 4 million for the first time since the beginning of 2019.  (Read More…)

By on June 4, 2019

Image: General Motors

Compared to previous months, May was a great month for U.S. light vehicle sales. Volume almost broke even on a year-over-year basis, falling a mere 0.3 percent. Keep in mind that last year was a high water mark for the industry, and average transaction prices are nudging into premium territory.

Still, year-to-date sales are down in the U.S. to the tune of 2.4 percent, with May’s slim loss serving as the fifth consecutive monthly decline. To that, Canada says, “Hold my Molson.” (Read More…)

By on June 4, 2019

2019 Ram 1500 eTorque

Running a car company is hard, in case you haven’t noticed. It gets even more difficult when various and sundry world events conspire to create a jittery public or wonky cost structures. Toss in a pinch of interest rate paranoia and you’ve the perfect recipe for a very challenging industry.

Last month, sales of light vehicles in America was roughly flat compared to the same time period one year ago. This would normally not be cause for much celebration but, against a backdrop of a disastrous April, it is almost worth breaking out a case of the good stuff.

(Read More…)

By on June 3, 2019

2019 Toyota Prius AWD-e blue - Image: Toyota

The proliferation of hybrid vehicles has relegated the venerable, once-dominant Toyota Prius to a lesser plane of influence. This isn’t breaking news, as Toyota has seen the volume of its Prius family slide since 2012, falling below the six-figure mark last year for the first time in 14 years. Volume in 2018 was less than half of the number sold just six years earlier.

Still, the model’s decline stings. As May sales numbers roll in, the former darling of the green crowd finds itself outpaced even by a Ford sedan with no future. (Read More…)

By on May 29, 2019

2020 Toyota Supra – Image: Toyota Canada“You only produce one car less than the demand for the vehicle,” the late Sergio Marchionne said of Ferrari’s founding marketplace strategy. Of course, that translates to thousands more cars per year than it did in decades past. But Ferrari remains largely committed to that principle.

Now, in Ferrari-like language, Toyota says, “We’re operating on the basis that it’s better to have one too few than far too many,” when it comes to the new Supra.

Toyota spokesperson Nancy Hubbell revealed to TTAC early sales goals for the fifth-generation Supra that are distinctly tempered compared with the lofty expectations Toyota divulged the last time it launched a high-end coupe. (Read More…)

By on May 28, 2019

2018 Accord Sport 2.0-Liter Turbo - Image: Honda

May isn’t shaping up to be a sales winner for automakers doing business in the United States. Like past months in the current calendar, volume is predicted to decline, year over year, with the annual tally for 2019 expected to fall for the first time in years.

That’s according to a joint report from LMC Automotive and J.D. Power. Backing up the claims is a reversal of the recent trend of declining incentive spending, plus the fact that new cars are spending an increasing number of days sitting on lots. The most since the recession, in fact. (Read More…)

By on May 28, 2019

2019 Mitsubishi Eclipse Cross front quarter

The man who once helped outfit Mitsubishi’s lone American assembly plant will soon head the company he joined back in 1984. He also wonders what can be done about the brand’s existence in the United States.

Takao Kato, 57, steps into the shoes of outgoing CEO Osamu Masuko on June 21st — a move that comes as the automaker’s membership in the Renault-Nissan Alliance faces uncertainty in light of merger overtures from Fiat Chrysler. In a news conference held before the merger news, Kato mused about the company’s limited presence in North America, promising changes ahead. (Read More…)

By on May 23, 2019

According to a study commissioned by Nissan, Millennials are committed to saving the sedan in an era when crossovers have usurped much of the market. While much of the study revolves around asking people whether they’d consider purchasing a sedan in the future — something any smart shopper would say “yes” to — survey respondents also said there was very little difference in terms of customer satisfaction between crossovers and sedans.

That’s good news for any automaker that launched a bundle of new and refreshed sedans over the past few years. Can you think of one? (Read More…)

By on May 23, 2019

2019 INFINITI QX50

Amid a tumultuous time for Nissan and its luxury division, Infiniti, company CEO Hiroto Saikawa is counting on its crucial U.S. business to turn things around. After seeing its global profit fall 45 percent last year, Saikawa declared earlier this month that the company had hit “rock bottom.”

Further profit and operating margin declines are forecasted for 2019.

Executive shuffling has become the norm as the automaker attempts to stem sales losses in the United States. Lofty volume targets of yesteryear have given way to an approach focused on long-term stability. Still, a turnaround won’t happen overnight.

One man Saikawa is counting on is Infiniti’s new sales boss, Bob Welby, who takes over the position June 1st. (Read More…)

By on May 12, 2019

Subaru Legacy 2018 Logo Emblem Grille

Subaru may be getting too big for its britches. Despite seeming like it was positioned for nearly incalculable growth at the start of last year, the automaker’s latest financial report showed the period was actually plagued with problems. Over the full fiscal year, which ends on March 31st for Subaru, the company basically showed that its operating profit had been cut in half.

How could this have happened? Subaru’s commitment to all-wheel drive has given its sales a shot in the arm as the crossover craze has escalated and it has one of the best reputations in the business. Seriously, ask any automotive layperson what they think of the brand and they will almost always have something positive to say. However, for all of its presumed advantages, the company is reporting a 48.5-percent decline in operating profit (to 195.5 billion yen) and a 6.3-precent loss of global sales volume.  (Read More…)

By on May 9, 2019

Image: Nissan

Pick your jaw up off the floor. As automakers struggle to offer electric vehicles deemed “affordable” by the motoring public, those buyers aren’t exactly swamping dealers with requests for EVs.

Even in the Europe Union, members of which punish drivers of fossil fuel-powered vehicles with high taxes, EVs amounted to just 2 percent of new vehicles registered last year. And yet the EU plans to drastically cut down on greenhouse gas emissions in the coming years.

New data from the European Automobile Manufacturers’ Association (ACEA) shows that the EU’s green dreams will be hard to realize without some sort of massive incentive for the purchase of electric vehicles, as right now those vehicles are only marginally popular in extremely wealthy countries. The EV “people’s car” is still a dream. (Read More…)

Recent Comments

  • Arthur Dailey: Thanks. A very nice bit of additional information. 60 years in car sales, he could have written a very...
  • jmo: I was out looking at getting a new car in the $40-$60k category. The dealership included Acura so I thought,...
  • Lie2me: I was really happy with it, it worked really well and was so high tech at the time. Unfortunately the rest of...
  • dukeisduke: Murilee, did you snag the Oldsmobile Road Atlas for your collection? I would have.
  • dukeisduke: I don’t see any Trofeo badging on it either.

New Car Research

Get a Free Dealer Quote

Staff

  • Contributors

  • Timothy Cain, Canada
  • Matthew Guy, Canada
  • Ronnie Schreiber, United States
  • Bozi Tatarevic, United States
  • Chris Tonn, United States
  • Corey Lewis, United States
  • Mark Baruth, United States
  • Moderators

  • Adam Tonge, United States
  • Corey Lewis, United States