Younger buyers and subprime consumers are expected to drive auto sales in 2014, though some banks are already stepping off the accelerator with auto loans due to heavier competition and a desire to protect their margins.
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With the first month of 2014 sales nearly wrapped up, we’ll soon get our first look at how the Jeep Cherokee has fared, following the initial shipment of delayed units. Much has been made of the Cherokee selling 10,000 units in November and 15,000 units in December: it was a great storyline for Chrysler to promote in the run-up to NAIAS, and one for the hometown media (in both Detroit and Toledo) to rally around. Left out of the cheerleading was the fact that these figures accounted for the 25,000 units reportedly sent to dealers in one fell swoop. Can you say “pent up demand”?
But even if the Cherokee continued to sell at that pace – say, 15,000 units per month as an optimistic projection, where would that place it in the larger picture of the small crossover segment?
The launch of the Chrysler 200 means Chrysler has to make some decisions about its future; and the most likely course of action for them is to kill off the Dodge Avenger, right away.
Despite rapid SUV/crossover sales growth and the continued ascent of the pickup truck market, slowing passenger car sales were a drag on the Canadian auto industry in December 2013. Sales of utility vehicles jumped more than 20%, trucks were up 10%, and even full-size minivans were up 10%.
For the sixth time in seven years, the best-selling utility vehicle in America was the Honda CR-V. 2013 marked a record high for U.S. CR-V sales, as the current smallest Honda crossover climbed above 300,000 units for the first time.
In 2013, for the twelfth consecutive year, the Toyota Camry was the best-selling car in America.
Although it lost some of its sway in the growing U.S. automobile market, Camry sales grew in 2013, rising 3598 units over the course of 2013’s twelve months. 2013 marked the seventh time in the last decade that Toyota USA sold more than 400,000 Camrys in a calendar year. No other passenger car nameplate has topped 400,000 units in any single year during the last decade. According to the Automotive News Data Center’s tally, the Camry accounted for a little more than one out of every 20 cars sold in the United States in 2013.
While Skoda has long been the Cinderella story of the Czech Republic, Skoda could soon find itself deposed as sovereign of their domestic auto market.
Toyota is examining the feasibility of increasing capacity at its San Antonio factory that assembles fullsize Tundra and compact Tacoma pickup trucks, according to a report by Automotive News. Operating two shifts plus overtime and Saturdays, the plant has a capacity of 250,000 units. Toyota’s Tijuana, Mexico plant puts together knockdown kits of the Tacoma, adding another 50,000 units, most of which go to the local market or to Canada. Fay said that fiddling with the assembly lines could add ~7,000 trucks to each plant’s output, but the total of 307,000 units may not be enough for the North American market as sales of the Tundra have rebounded for the past couple of years after a three year slump. (Read More…)
November 2013 went down as the highest-volume November in the history of Canadian auto sales. It followed three consecutive years with November improvements.
November is traditionally not a high-volume month for automakers in Canada, and by the standards of the previous eight months, last month was no different from the norm. Nevertheless, compared with the previous year’s 126,000 November new vehicle sales, last month’s 134,000-unit result represented a massive change, a change which was brought on by all but a handful of automobile brands.
Due to high demand from customers jumping aboard the CLA bandwagon, Mercedes-Benz has warned dealers in the United States that supply of the new four-door coupe will be limited for the first half of 2014.
As expected, the arrival of Mercedes-Benz’s sixth-generation S-Class provided a massive boost in sales just as Mercedes-Benz’s all-new CLA-Class arrived at the bottom of the lineup. Traditionally seen as the market leader, the S-Class has attempted to put aside all doubts by attracting more than 1900 U.S. buyers in each of the last two months. It’s popular.
Toyota believes fuel cells are the future, becoming a competitive technology up against other zero-emission compliance tech by 2030 at the latest. In fact, the automaker plans to hedge their bets in the near future by setting an annual sales goal of 5,000 to 10,000 fuel-cell powered machines beginning in 2015.
The general belief that no genuine Jeep Wrangler alternative sells in anything like the kinds of numbers achieved by the Wrangler is a belief that is completely, wholeheartedly supported by the facts.
With what will likely turn out to be a brief decline in utility vehicles at the Ford Motor Company, sales of SUVs and crossovers at the Chrysler Group were stronger in November 2013 than they were at Ford and Lincoln.
How’d they do it? The Dodge Durango’s 36% increase – its lowest year-over-year improvement since May – was basically cancelled out by the Dodge Journey’s 22% slide. But at Jeep, where sales had been down 2% through the first ten months of 2013, the new Cherokee’s long-awaited first full month on the market helped to power a 30% brand-wide jump.
After talk of increasing the seperation between Chevrolet and Opel, GM has announced that it will axe the Chevrolet brand in Europe, despite previously aiming to make Chevrolet its low-cost brand, while signing a nine-year, $584 million deal to have the brand sponsor Manchester United football club.
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