First September sales reports are coming in, and they are a mixed bag. Chrysler says it had the best September since 2007 with sales up 12 percent. GM’s sales are up only 1.5 percent , while Ford reports zero percent growth.
Volkswagen sold 36,339 vehicles in September, up 34.4 percent. Toyota’s sales are up a whopping 41.5 percent to 171,910 units in September 2012.
Watch this space for more sales coverage throughout the day.
Sales won’t be the only thing up when September new car sales are reported today. (Keep an eye on TTAC.) “”Transaction prices in September are the highest in years,” said Jesse Toprak, research chief of TrueCar.com. Read More >
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. Read More >
Bad European car sales are about to get worse. French September car registrations dropped 18 percent year-on-year, while Spain’s plunged 37 percent, Reuters reports. Read More >
September was the month when the torrid growth of Japanese car sales came to an end. Sales of all cars were down 3.4 percent in Japan. The market is down for two reasons, mathematical and governmental. Read More >
| Sales Forecast, August 2012 | |||||
| Sales Volume | Sept’12 | Sept’11 | Aug’12 | YoY | MoM |
| GM | 211,064 | 207,145 | 240,520 | 1.90% | -12.20% |
| Ford | 176,049 | 174,862 | 196,749 | 0.70% | -10.50% |
| Toyota | 160,560 | 121,451 | 188,520 | 32.20% | -14.80% |
| Chrysler | 138,030 | 127,334 | 148,472 | 8.40% | -7.00% |
| Honda | 114,606 | 89,532 | 131,321 | 28.00% | -12.70% |
| Nissan | 88,977 | 92,964 | 98,515 | -4.30% | -9.70% |
| Industry | 1,145,344 | 1,053,153 | 1,284,635 | 8.80% | -10.80% |
A day after TrueCar and Kelley handed in their sales forecasts for September, Edmunds followed. Edmunds is more on the cautious side and projects that 1,145,344 new cars and trucks will be sold in the U.S. this month for an estimated Seasonally Adjusted Annual Rate (SAAR) of 14.4 million light vehicles, and up 8.8 percent from a year before. Read More >
The Paris Auto Show is about to kick off tomorrow, and some of the product set to debut has me cursing myself for not maxing out my Visa on a flight and a room at the lovely hotel that’s walking distance from the Porte de Versailles, where the pretty girl with crooked teeth sits patiently at the front desk. And how could I forget the wizened gran-mere hovering over the table at breakfast, replenishing your plate with cheeses and baked goods that one could never hope to find at Publix?
Alas, I am not part of the A-List club that gets driven from the Georges V to the Expo Hall in an S-Class, and so rather than sucking down a Gauloises or getting a glimpse of Carla Bruni (I was blessed with such a privilege in 2010) I’m stuck in North America, having to use my brain rather than just repeating back what my PR minders told me over a glass of Cotes-de-Rhone.
| Sales Projection For September 2012 | ||||
| TrueCar | Kelley | |||
| Manufacturer | Sept’12 | YoY | Sept’12 | YoY |
| Chrysler | 137,612 | 8.1% | 134,520 | 5.6% |
| Ford | 177,066 | 1.3% | 177,840 | 1.6% |
| GM | 212,284 | 2.5% | 215,460 | 4.0% |
| Honda | 113,439 | 26.7% | 109,440 | 22.2% |
| Hyundai/Kia | 102,283 | 16.7% | 93,480 | 6.6% |
| Nissan | 92,349 | -0.7% | 92,340 | -0.7% |
| Toyota | 161,201 | 32.7% | 163,020 | 34.2% |
| Volkswagen | 48,304 | 31.4% | 47,880 | 29.7% |
| Industry | 1,163,000 | 10.5% | 1,140,000 | 8.2% |
The month is coming to an end. A sure indicator: The forecasters are submitting their guesses. Again, September seems to be up solidly. More. Or less. Read More >
Long-time TTAC readers know of my sentimental fondness for Crain Communication’s Jamie LaReau. Now the first lady of automotive journalism has uncovered some interesting news about Lincoln’s continuing attempts to, like, do crazy stuff, man.
Chrysler dealers hoping to sell the SRT Viper will have to pony up $25,000 – about the price of a loaded Dodge Dart – to be able to sell the supercar.
As the threat of a strike at Chrysler’s Windsor plant looms, it’s worth examining just how much of an iron grip the Pentastar minivans have on the market.
Two high-volume Suzuki dealerships in South Carolina are at the center of a federal fraud case, as a dealer and Suzuki district manager are among those indicted on three counts of conspiracy to commit wire fraud.
The European car market accelerates its race to the bottom. Back from a long vacation, the European car manufacturers association ACEA reports that the EU car market was down 8.9 percent in August, after having dropped 7.8 percent in July. Eight months into the year, European car sales are down 7.1 percent as Europeans registered 8,268,642 new cars so far. Read More >
Chevrolet threw a lot of money at the marketing plan for the Daewoo Kalos all-new Sonic. Any time there’s money in the air, it’s like blood in the water; it brings the sharks. Flirtatious sharks, who know that it’s best to play hard to get. They start by winking across the bar at the mark. Then there’s a brief bit of dangerously witty banter, followed by the frantic, drunken consummation. What’s after that? The payoff, of course: a sponsored conversation, a cross-promotion, the messy, wet details of a cash exchange.
And then there’s the hip way.
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