Things are looking up for U.S. new-car fuel economy, as the average climbed 0.3 mpg in May to 25.5 mpg.
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Category: Sales
In May 2015, for the fifth consecutive month, more than one-third of the new vehicles sold in the United States were SUVs and crossovers. Year-over-year, the share of the market earned by utility vehicles increased from slightly less than 32% to slightly more than 34%, a gain equal to 50,000 extra sales in a market which saw passenger car volume tumble by nearly 30,000 units.
Led by the Honda CR-V, which was actually down 1% in May 2015, the U.S. SUV/crossover market was strengthened by new products last month. May was the second full month for the Jeep Renegade in what turned out to be the highest-volume month in the Jeep brand’s history. Not only did Jeep sell more than 20,000 Wranglers for the first time ever, not only did Jeep break the Cherokee’s sales record, but they also sold 4,416 copies of the Renegade. Read More >
As loan terms continue to stretch further into the future, spending on new-car purchases hit a new all-time high in May 2015.
General Motors earned 17.9% of the U.S. auto industry’s sales volume in May 2015, a drop from 18.5% one month ago but a slight improvement compared with May 2014, when GM’s market share stood at 17.7%.
In May 2015, GM’s U.S. sales grew at a 3% clip, twice the rate of improvement posted by the overall auto industry. GM’s gains came mainly as a result of improved pickup truck volume and a strong month for Lambda crossovers. Read More >
Original Volkswagen Beetles can be had for a couple of thousand at minimum these days, so why pay €1 million for one? Because it came from Mexico.
Midsize pickups have increased their share of the overall pickup truck category by around four percentage points since GM launched the second-generation Chevrolet Colorado and GMC Canyon.
Compared with a period when the twins weren’t on sale, the volume sent the direction of midsize pickups jumped 50% over the first four months of 2015. That gain of 39,000 units wasn’t simply down to the GM twins, either, as the class-leading Toyota Tacoma is growing faster than the overall pickup truck category. Read More >
123,000 of the 5.4 million new vehicle sales generated in the United States over the last four months are new vehicle nameplates which weren’t on sale at this time a year ago.
Between January and April, the Ford Transit, Acura TLX, Chevrolet Trax, Lexus NX, and 18 other new nameplates accounted for 2.3% of all new vehicle sales volume in the United States, way up from the 1.7% achieved by a smaller fleet of all-new nameplates during the same period one year earlier. Read More >
Ford Motor Company’s Transit Connect has seen the number of its direct rivals rapidly expand over the last two years. Not only must the Transit Connect fend off challenges from the Nissan NV200, now Chevrolet sells a version of the Nissan Van and FCA has imported the Fiat Doblo as the Ram ProMaster City.
Nevertheless, Ford still owns more than half the market for small commercial vans. Through the first four months of 2015, a period in which small commercial van volume in the United States has increased 58%, the Transit Connect’s market share stood at 55%. True, that’s down from 63% in the equivalent period one year ago. But a year ago, there was no such thing as a Chevrolet City Express or Ram ProMaster City. Moreover, Transit Connect volume has increased dramatically. Its 38% year-over-year improvement translates to 4,201 extra sales for Ford MoCo over just four months. Read More >
California consumers will be the first to buy the 2016 Chevrolet Volt, which will have Google’s and Apple’s infotainment systems beginning this summer.
In the market for a new Buick Regal or Verano? The brand introduced a new pair of base models aimed at the entry-level luxury market for consideration.
U.S. sales of midsize cars tumbled 7% during the month of April and are down 4% through the first four months of 2015.
On the whole, America’s appetite for passenger cars is in decline. Overall demand for cars is slightly south of flat in the early part of this year even as the auto industry posted 5% year-over-year expansion between January and April.
As more American car buyers become buyers of small and midsize utility vehicles, the vehicle groups most obviously paying the price are family sedans. The Toyota Corolla-led compact car category, for instance, is up 7% this year. But Chevrolet Impala-class cars have fallen 13% and the segment up for discussion has lost nearly 30,000 sales in the first third of the year. Read More >
Coming to the 2015 Tokyo Motor Show, Toyota is set to bring a three-seater open-wheel concept based on the Lotus Seven which could see production.
A handful of factors are fueling China’s current SUV boom, with road-rage protection at the top of the list.
Hyundai says it’s on target to sell 760,000 units in the United States by the end of 2015, though crossover and SUV sales are lacking for now.
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