Category: Sales

By on July 8, 2016

Flint Silverado assembly plant

“Has GM lost market share? Yes.”
Alan Batey, President, GM North America,
Wall Street Journal, July 6, 2016

From 17.7 percent in the first-half of 2015, General Motors’ U.S. market share tumbled by more than a point to 16.6 percent in the first-half of 2016.

But, GM’s North American president points out in a Wall Street Journal opinion piece, profitability is on the rise.

TrueCar estimates that, as a percentage of the average transaction price, GM’s incentive spend in June 2016 fell by half-a-percentage point to 10.9 percent, year-over-year. As for the average transaction price, TrueCar says GM’s rose 6.5 percent in June 2016 to $36,489. That is 9.4-percent higher than Fiat Chrysler Automobile’s June 2016 ATP, which also required greater incentives to achieve according to TrueCar. Meanwhile, Batey wrote in The Journal that GM has “reduced low-margin sales to daily rental companies in the U.S. by 88,500 units.”

This explains the marriage of two conflicting subjects: GM’s decreased volume in a growing market and GM’s corresponding increase in profitability. Read More >

By on July 7, 2016

2016 Hyundai Sonata Plug-in Hybrid Electric Vehicle (PHEV), Plug-In Outlet

Sales figures point to a record-breaking month for electrified vehicles in June, but the final tally doesn’t tell the whole story.

After a dismal May that saw sales fall below the previous year’s numbers, sales of plug-in vehicles (battery electric vehicles and plug-in hybrids) surged in June, hitting a combined total of 13,722 units in the U.S., according to Hybrid Cars. Read More >

By on July 7, 2016

TTAC car sales chart

Barely four out of every ten new vehicles sold in the United States in the first-half of 2016 were traditional passenger cars. Toyota Camrys, Honda Civics, Ford Mustangs, Mercedes-Benz C-Classes, and dozens of alternatives remain numerous — more than 3.5 million were sold in 2016’s first six months.

But together, these cars make up a smaller chunk of the market now than they did a year ago, and a far smaller slice of the market than just five years ago. Cars were at parity with light trucks (pickups, SUVs, crossovers, vans) in 2011 and earned 52 percent of the market the year prior. Read More >

By on July 6, 2016

lawsuit

There’s a good chance that the former managing director of Audi Volkswagen Korea will soon find himself pleading for a sip of Coke during the 11th hour of a grueling interrogation process.

Park Dong-hoon, now CEO of Renault Samsung Motors, was recently identified as a suspect in South Korea’s investigation into the Volkswagen emissions-cheating scandal, according to Wards Auto. That means a date with the “VIP Suite.” Read More >

By on July 6, 2016

2016_nissan_leaf_07

The Leaf is nowhere to be seen — unless you’re staring at a Nissan dealer lot — and American buyers are barely budging their electric vehicle take up rate. Nissan, it seems, needs another incentive to sweeten its EV pot.

The solution? More free electricity. It’s not a new idea (actually, it’s an expanded version of two-year-old promotion), but the automaker probably figured, why the hell not? Read More >

By on July 6, 2016

2015 Dodge Charger V6 AWD Rallye (2 of 13)

There’s nothing new here, nothing unusual at all to see.

U.S. sales at the increasingly popular Jeep brand jumped 17 percent in June 2016 as the overall market climbed just 2 percent; as SUVs and crossover sales grew 10 percent. Jeep sales have increased on a year-over-year basis in 33 consecutive months.

FCA’s need for Jeep to outperform was all the more clear in June, as Jeep attempted to follow-up an all-time record performance in May with sustained demand. Car sales across the automaker’s Alfa Romeo, Chrysler, Dodge, and Fiat brands plunged 40 percent, a loss of nearly 19,000 sales.

And so the trend continues. 17.4 percent of the new vehicles sold in the United States by Fiat Chrysler Automobiles in April were cars. That figure fell to 16.9 percent in May and dropped to just 14.2 percent in June.

These aren’t typos. For every 86 pickup trucks, minivans, commercial vans, SUVs, and crossovers sold at your friendly local FCA store in June 2016, there were only 14 cars sold along with them. Read More >

By on July 5, 2016

2015 Ford F-150

We’ve reached the halfway marker. After new vehicle sales soared to record levels in calendar year 2015, the volume produced by automakers competing for market share in the United States continued to expand through the first six months of 2016.

Between January and June, the 30 most popular new vehicle nameplates in the United States generated half of all auto sales, leaving more than 250 other vehicles to fight over half the market. Many of those popular vehicles own a far greater chunk of the market than entire manufacturers. The top-selling Ford F-Series line of pickup trucks, for instance, outsells every auto brand aside from Toyota, Chevrolet, Nissan, Honda, Jeep, and Ford itself. The 30th-ranked vehicle, Subaru’s Outback, outsells whole mid-tier premium brands such as Cadillac, Infiniti, Lincoln, and Jaguar-Land Rover.

In other words, popular vehicles are very popular indeed. Read More >

By on July 2, 2016

2017 Dodge Viper Snakeskin Edition GTC was inspired by the origi

It’s a great day for an automaker when it can say it sold an entire year’s worth of vehicles in less than a week. Things get less impressive when it’s the final model year of a niche vehicle.

Still, Fiat Chrysler Automobiles is putting on its bragging pants and grabbing the megaphone after it sold every special-edition version of the 2017 Dodge Viper in a matter of days. So great was the response, FCA plans to offer one last version of the 25-year-old nameplate. Read More >

By on July 1, 2016

2015 Honda CR-V

A modest increase of 2 percent fell below expectations from forecasters that the U.S. auto industry would grow by more than 5 percent in June 2016. Indeed, given the extra day on June 2016’s auto sales calendar, the daily selling rate for the industry actually declined in June, albeit marginally.

Big gains were nevertheless not uncommon. The Ford Motor Company, Fiat Chrysler Automobiles, Nissan-Infiniti, and Hyundai-Kia all posted above-average gains. Ford’s best-selling F-Series, which accounted for three-in-ten sales at Ford’s namesake brand, posted a 29-percent year-over-year increase. Overall pickup truck sales, powered in large part by the Ford’s 15,766-unit increase, jumped 10 percent.

The Toyota Camry claimed the top spot among cars despite its own sharp decline, a 13-percent loss worth nearly 5,000 sales. For the first time since last October, the Honda CR-V was America’s top-selling SUV/crossoverRead More >

By on June 30, 2016

dealership

After riding the sales roller coaster to dizzying, record-breaking heights, it’s only natural that consumers will bring automakers back down to reality.

This year will be a high water mark for new vehicle sales in the U.S., according to a new study by consulting firm AlixPartners (via Automotive News). Sales are forecasted to hit 17.8 million vehicles this year, but a downturn is on the way, and the industry won’t start to see a rebound until the coming decade. Read More >

By on June 29, 2016

2017 Jaguar lineup

Jaguar Land Rover’s brands are as British as crumpets and the Union Jack (ignore the fact that it’s owned by India’s Tata Motors), so concerns over Britain’s vote to leave the European Union should fall squarely on its tweed-covered shoulders.

The automaker is keeping a stiff upper lip, at least in public, with a spokesperson saying the company doesn’t plan to make changes to its strategy, Reuters reports.

A $1.34 billion assembly plant in Slovakia is going ahead as planned, said Jaguar Land Rover strategy director Adrian Hallmark, who called the Brexit a “short-term issue” during a news conference. Read More >

By on June 28, 2016

Golf Alltrack Subaru Outback combo

We don’t yet know the exact price of Volkswagen USA’s 2017 Golf Alltrack.

We are certain, however, that Volkswagen, a company with a brand image severely tarnished in the United States, will be able to do no better than slightly undercut the basic price of the Subaru Outback.

And that might be a problem. Read More >

By on June 28, 2016

2015 Toyota Camry XLE

In its 2016 American-Made Index, Cars.com returned a familiar nameplate to the top spot, but it isn’t built by a domestic automaker.

According to the annual ranking, Toyota Camry retains the American-made crown this year with 75-percent domestic content. Other Japanese models, each wrapped up in red, white and blue, fill up the top five.

The findings fly in the face of the Kogod Made in America Auto Index published last week, which had domestic automakers on top. Read More >

By on June 27, 2016

2015-Ford-Focus-07

Indonesia is the biggest vehicle market in Southeast Asia, and Ford Motor Company is running away from it.

The automaker’s announcement earlier this year that it plans to stop selling vehicles in the country came as a shock to dealers, who now want Ford to compensate them in a big way, Reuters reports. Read More >

By on June 27, 2016

2015 Cadillac ATS Coupe

The Cadillac ATS has a fever, and the only cure — according to Cadillac — is more value.

Hoping to reverse a sales slide that’s plagued the automaker’s smallest sedan since its debut, Cadillac plans to simplify the model’s configurations and pack each trim level with more goodies, according to a report in Automotive News. Read More >

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