August sales numbers caught analysts by surprise. They had expected a strong August, but they did not aim high enough. All but Jessica Caldwell of Edmunds. (Read More…)
Categories:
Tag: Sales
Now that we have the August numbers for the world’s second largest car market, attention turns to the world’s largest, China. The Chinese economy is cooling down. Has it hit car sales? Official numbers won’t be here until next week, but our patent=pending China sales oracle has spoken. (Read More…)
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.
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…)
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.
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…)
The Wall Street Journal has an extensive report in which Neal Boudette caught BMW cheating with its sales numbers. Boudette unmasked the shocking practice of car makers selling cars to dealers instead to customers: “Hundreds of BMWs counted as sold in July remain in showroom inventories and are still advertised for sale as new cars, according to dealers.” The WSJ dug deeper into the scandal.
Europeans: Use instead of Euros. Americans: Use it as a screensaver
Shame, yes, shame on you, Americans, you horrible people. You are the weakest of the globe – when it comes to Porsche’s July numbers. Porsche sales in the U.S. climbed only a miserable one percent. At the same time, people in Europe withdrew their last sinking Euros from faltering banks and moved them to the safety of a new 911 or Cayman. (Read More…)
Like the broader debt crisis in Europe, Volkswagen’s weak link has its origins in Spain. According to Reuters, Seat has incurred losses of $1 billion since 2008, and has been profitable only once over the past decade.
Recent Comments