“China’s auto sales growth falls to 3.7 percent” if you read the Associated Press and Bloomberg. If you rather put your trust in Reuters, then “vehicle sales in China rose 8.3 percent in August from a year earlier.” Reuters is correct, AP and Bloomberg just received a new degree in spin doctoring.
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Category: Sales
Volkswagen and Toyota join Chrysler in delivering better than expected numbers for August as our table starts to populate. Read More >
Forecasters predicted that August sales numbers, published today, will be strong. Chrysler opened today’s barrage of sales numbers with much better than expected results. Read More >
Owners of Saab cars who replace their vehicles are choosing Hondas over other OEMs, according to a study of “defections” by automotive consultancy Polk.
All the complaints about Japan being a “closed market” are hogwash; look at all the imports coming in to Japan from places like Thailand, Malaysia and China.
Predictions for August new car sales scale higher and higher as we approach release day this coming week. Economists polled by Thomson Reuters expect sales to rise as high as 20 percent from a year ago. Read More >
Your humble author was charmed by the facelifted Kia Soul when I drove it last year. It’s a solid product, but its runaway popularity in the segment is at least partially due to a group of hamsters who rapped along to an old Black Sheep song.
After confronting robots with an LMFAO tune, the hamsters took a sabbatical — but they are back.
The folks over at Allpar are concerned about Dart sales. The initial batch of Darts were released as “Rally” models with manual transmissions for about $23,000 — and apparently, one of the Allpar reader’s dealers has an ADP sticker on top of that! The Darts don’t seem to be selling. Not for $23,000, and not with a manual transmission.
Now the Wall Street Journal is chiming in.
Only one more day until we get August sales data, and September 4th will bring us the latest inventory numbers. Here at TTAC, we’re keeping an eye on GM’s full-size truck inventory, which is as high as 145 days for the GMC Sierra – well above the 100 day supply that’s considered safe for full-size trucks.
| Sales Forecasts August 2012 | ||||||
| Forecast TrueCar | Forecast Kelley | |||||
| Units | YoY | Share | Units | YoY | Share | |
| Chrysler | 142,593 | 9.60% | 11.4% | 142,600 | 9.60% | 11.2% |
| Ford | 191,456 | 9.50% | 15.3% | 191,600 | 9.60% | 15.1% |
| GM | 227,087 | 3.90% | 18.1% | 225,950 | 3.40% | 17.7% |
| Honda | 133,458 | 62.10% | 10.6% | 129,450 | 57.30% | 10.2% |
| Hyundai/Kia | 117,212 | 17.60% | 9.3% | 119,662 | 20.00% | 9.4% |
| Nissan | 97,022 | 6.00% | 7.7% | 105,000 | 14.70% | 8.2% |
| Toyota | 182,896 | 41.30% | 14.6% | 176,950 | 36.70% | 13.9% |
| Volkswagen | 47,069 | 32.80% | 3.7% | 53,500 | 50.50% | 4.2% |
| Industry | 1,255,392 | 17.20% | 100.0% | 1,273,000 | 18.70% | 100.0% |
When U.S. August sales numbers will be announced next week, TrueCar expects them to be up strongly. The Santa Monica forecaster predicts August new light vehicle sales to be in the neighborhood of 1,255,392 units, up 17.2 percent from August 2011. TrueCar’s forecast would translate into a Seasonally Adjusted Annualized Rate (“SAAR”) of 14.2 million new car sales, up from 12.1 million in August 2011. Read More >
On occassion, I’ll use the Question of the Day feature as a tool to draw on the collective knowledge of the B&B to learn something; today I’m asking your your input on Tropical Storm (Hurricane?) Isaac.
More bad news for Suzuki fans; the marque won’t have any new product for the Untied States until at least 2015.
With only a week to go for August, Kelley Blue Book predicts a surprising 18.7 percent increase in new car sales for the month, and sees the seasonally adjusted annual rate (SAAR) to hit 14.4 million units. Read More >
Out of concern for reader sensitivities, TTAC increased the age limit of its bikini beauties
Every year around this time, the two automotive editors that do not vacation say: “Where are July’s European sales numbers? Weren’t they supposed to be here a week ago?”
No. They will be he here in September. ACEA, the trade group that tallies these things, is closed, and it tans its industry body at Europe’s and the world’s beaches. Only in Europe does the employee’s right to month long holidays stand in the way of timely data. Read More >
Fans of the Maybach brand are suffering through a dark day today; the brand was officially taken off Mercedes’ press website this week, with the word “discontinued” slapped next to the venerable re-badged W140 cars.
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