Tag: Sales

By on September 4, 2011

China’s car market will take it easy and grow only 3 to 5 percent this year after surging 32 percent to more than 18 million last year. This is the prediction of China’s State Information Center, as reported by Bloomberg. (Read More…)

By on September 3, 2011

August usually is not a strong car selling month. Especially not in Germany, where everybody is on vacation. Nevertheless, BMW sold “significantly more than 100,000 units” in August, thereby breaking all its records for the summer month. “Business is better than we thought,” said BMW CFO Franz Eichiner to Germany’s FAZ. (Read More…)

By on September 2, 2011

Well, you’ve seen a complete chart of sales by manufacturer and brand… now it’s time for some nameplate results. Here are your top-25 best-selling nameplates for August 2011. And yes, the Honda Civic barely made the list…

 

By on September 1, 2011

With GM, “Fiat Group” and Ford improving their sales volume by 16%, 23% and 9% respectively, Detroit is dominating the headlines in early August sales analysis. But Hyundai Group’s 29% is the big percentage winner, and Nissan had a good volume month as well, up 14%. But the “big two” Japanese are continuing to slide, with Honda off 6% and Toyota down 8%. Hit the jump for our developing table…

(Read More…)

By on September 1, 2011
Analyst  GM Ford  Chrysler  SAAR
Himanshu Patel (JPMorgan) NA NA  NA 12.1
Rod Lache (Deutsche Bank)  NA NA  NA 12.2
Chris Ceraso (Credit Suisse) 20% 18% 12% 12.1
Brian Johnson (Barclays) 15% 14% 15% 12.1
Peter Nesvold (Jefferies) 19% 16% NA 12.3
Patrick Archambault (Goldman Sachs) 11% 14% 10% 12.0
Itay Michaeli (Citigroup) NA NA  NA 11.9
Adam Jonas (Morgan Stanley) NA NA  NA 11.9
George Magliano (IHS Automotive)  NA NA  NA 12.2
Jeff Schuster (J.D. Power) NA NA  NA 11.9
Jessica Caldwell (Edmunds.com) 20% 14% 21% 12.3
Jesse Toprak (TrueCar.com) 20% 12% 22% 12.2
Alan Baum (Baum & Associates)  NA NA  NA 12.2
Seth Weber (RBC) 15% 14% 13% 12.1
Average 17% 15% 16% 12.1

 

After a tepid July, analysts predict a likewise unenthused August when it comes to new car sales in the U.S.  The consensus of Bloomberg’s panel of 14 analysts is a seasonally adjusted annual rate (SAAR) of 12.1 million. (Read More…)

By on September 1, 2011

 

Sales of regular automobiles in Japan were down 25.5 percent in August, compared to the same month in the previous year, data provided by the Japan Automobile Dealers Association shows. This sounds worse than it is: In August 2010, sales had jumped 46.7 percent, result of  a last gasp of government subsidies which were coming to an end. (Read More…)

By on August 25, 2011

Michelle Krebs and Lacey Plache of Edmunds.com, decorated heroes of the TTAC “rate the analysts” contest (to be repeated) are raining on the parade of good sales forceasts, definitely for August, possibly for the year. Edmunds thinks that August sales will be flat. Customers are hearing mixed signals, and being confused, they do nothing. Says Lacey Plache:

“Stronger buying conditions are telling consumers to go ahead and make their car purchases, but a weak economic landscape is telling them to wait until later this year, or even longer. This is the battle that will determine exactly how much the auto industry will grow this year.” (Read More…)

By on August 22, 2011

Portland’s 82nd Avenue is one of those streets that exists in nearly every American city. Unofficially demarcating Portland proper (“the right side of the tracks”) from the extensive working-class suburbs that bleed into Gresham (“the wrong side of the tracks”), “Shady-Second” is home to a vast strip of wall-to-wall buy-here-pay-here lots, used-car hustlers, and small repair shops that line both sides of the road from Sandy Boulevard all the way down to Division. Like every other used-car strip in every other town in America, it’s where folks go when they need a car and don’t have much money to spend. Unlike most other low-cost car Meccas, however, 82nd Avenue is also home to Oregon’s last remaining Saab dealership. And it’s something of a symbol of the hell that Saab dealers are going through right now.
(Read More…)

By on August 19, 2011

At the times of the Beijing Olympics in 2008, Toyota proudly stood on the podium of the Chinese sales winners, along with Volkswagen and GM. Ever since, Toyota received the wrong fortune cookies in China: Its market share deteriorated steadily, down to half of its 2008 high. Toyota now is on an all-out offensive to re-gain lost ground, with promising success. (Read More…)

By on August 18, 2011

Nissan’s “we have cars” ad may not meet with the approval of TTAC’s commenters, but it appears to be having some kind of effect. According to mid-month analysis by the A+ rated experts at Edmunds Autoobserver, Nissan’s looking at the strongest retail sales growth in the industry this month, building on last month’s already-strong performance.
(Read More…)

By on August 18, 2011

With Honda and Toyota struggling to catch up after months of tsunami-related supply interruptions, Nissan’s been passing its major Japanese competitors in sales volume, and they apparently want to keep it that way. As Bertel has reported, Nissan was able to walk away from the tsunami’s devastation practically unharmed, and it’s leveraging its strong supply of vehicles to make hay while the sun shines (or while its competitors are struggling to catch up). This ad, which is a simple reminder to consumers, is only slightly tinged with competitive feist in a scene depicting a frustrated Honda customer. Overall though, there’s not much messaging needed: Nissan has cars, other Japanese competitors don’t. And right now, that could be one of the most effective marketing messages out there. After all, as Autoobserver points out, folks trading in Japanese cars still overwhelmingly buy another Japanese car… so simply having Japanese cars on dealer lots is a huge advantage at the moment.

By on August 16, 2011

Sales of all car-based crossovers continue to climb, far outstripping demand for body-on-frame utes as well as pickup trucks. But strangely enough, a lot of the growth and volume among crossovers is in the compact-CUV segment, where the top-selling model last month beat July’s mid/full-CUV winner by some 10,000 units. This suggests that The Great American Downsizing, as we’ve called it, isn’t as simple as former SUV owners replacing their BOF beast with one of these comparable mid/full-CUVs. Still, this is an important segment because although the stakes aren’t wildly high, the competition is fierce. GM won by a whisker last month, but Ford’s got a strong one-two punch as well with its Explorer/Edge combo. Meanwhile, Honda’s Crosstour and Ford’s Flex have bombed all the way off our monthly volume chart. Hit the jump to find out their Year-To-Date numbers, and to find out who the somewhat surprising YTD volume winner is.

(Read More…)

By on August 16, 2011

While Chrysler Group sends its Fiat 500 upmarket with Gucci special editions, its sending its Dodge, Chrysler and Ram brands downmarket with a lower prices, 90-days-same-as-cash deals and a variety of tie-ins. First up, the news [via Automotive News [sub]]that Chrysler is cutting the price on 200 and Dodge’s Avenger by $200, and the Dodge Journey by over $1,000 [UPDATE: plus,$3k off Grand Cherokee] is strange indeed. Chrysler’s sales, market share and transaction prices are up, while its incentives and fleet sales are down… and meanwhile, its key competitors are raising prices on increased material costs. Oh, and average transaction prices across the industry have been breaking records all year. With volume slow and prices (as well as costs) rising, Chrysler has no real reason to be lowering prices beyond hunting for volume that may or may not be there. At the expense, it must be added, of profitability. But if you look at Chrysler Group’s most recent maneuvers, it seems that lower prices might not an isolated move on market share. It seems that Chrysler Group is actually strategically positioning itself as the Wal-Mart automaker… literally.

(Read More…)

By on August 16, 2011

Bloomberg BusinessWeek reports that Saab has to pay some $620,000 today in order to keep Sweden’s Debt Enforcement Agency at bay. Should Saab fail to pay suppliers Kongsberg Automotive and Infotiv within the next 24 hours, Swedish Debt Enforcement Agency officials say

The collection process that may start tomorrow would include investigating Saab’s bank accounts and potentially also other assets.

Assets will be frozen while Saab’s worth is assessed, a move that would essentially end the existence of Saab as it currently (barely) exists. Saab spokesman Eric Geers says

We’re of course totally aware of this situation with the collection agency, but I can’t comment on what we’re going to do,

but other than pulling out from the Frankfurt auto show in order to focus funds on restarting production and selling another tranche of value-diluting shares, Saab hasn’t done much to respond to the latest crisis. And with another $795m due to suppliers in “about a week,” time is slipping away. Luckily for the True Believers, there’s still a shred of hope-against-hope to hang on to, as Saab’s PR man Steve Wade says something called “The Deal” is in the works.

(Read More…)

By on August 16, 2011

The International Crime Complaint Center (IC3) warns that

Online vehicle shoppers are being victimized by fraudulent vehicle sales and false claims of vehicle protection (VPP) programs… Criminals also attempt to make their scams appear valid by misusing the names of reputable companies and programs. These criminals have no association with these companies and their schemes give buyers instructions which fail to adhere to the rules and restrictions of any legitimate program. For example, the eBay Motors Vehicle Protection Plan (VPP) is a reputable protection program whose name is commonly misused by these criminals. However, the VPP is not applicable to transactions that originate outside of eBay Motors, and it prohibits wire transfer payments. Nevertheless, criminals often promise eBay Motors VPP protections for non-eBay Motors purchases, and instruct victims to pay via Western Union or MoneyGram.

No wonder online new car sales have been struggling. Hit the jump for IC3’s list of warning signs.

(Read More…)

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