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Will Car Sales Really Recover?
Who's up, who's down?
"May was the most unusual month in the U.S. auto industry since August 2008’s “cash-for-clunkers” anomaly. The typical springtime updraft had no wind. Executives said a year-to-year decline in sales was only a temporary respite in the industry’s building recovery, and they made a good case. Pickup-truck sales declined. Ford sold all the small cars it could make for the California market. The Chevy Malibu was the country’s best-selling car. And for the first time since February 2006, Chrysler outsold Toyota. Even high-flying Hyundai threatened the pre-eminent Japanese brands. The domestic Big Three actually ranked 1-2-3 in U.S. sales in May for the first time in many years."
May Sales Bring Back Big Three (AutoObserver)
"May was the most unusual month in the U.S. auto industry since August 2008’s “cash-for-clunkers” anomaly. The typical springtime updraft had no wind. Executives said a year-to-year decline in sales was only a temporary respite in the industry’s building recovery, and they made a good case. Pickup-truck sales declined. Ford sold all the small cars it could make for the California market. The Chevy Malibu was the country’s best-selling car. And for the first time since February 2006, Chrysler outsold Toyota. Even high-flying Hyundai threatened the pre-eminent Japanese brands. The domestic Big Three actually ranked 1-2-3 in U.S. sales in May for the first time in many years."
May Sales Bring Back Big Three (AutoObserver)
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Comments
Honda and Toyota will return after they get the homeland suppliers rolling again..Hope Nissan stays down..
It's good to see the Big3 on a little roll, rooting for Ford, GM has so much Govt connection it will fade behind Ford once the Govt stops pumping money and Chrysler is a real puzzle in predicting it's future..
Only time will tell, but the city of Detroit is quiet for there is nothing left to steal, folks are waiting on the Obama dollars...They just line up at CoBo Hall..
May Sales Blip Shows Pickups' Steadiness (AutoObserver)
June Car Sales Sluggish; 11.9-Million SAAR (AutoObserver)
General Motors: Steady As She Goes
Ford: Small Cars In Demand
Chrysler: Trucks Carry The Load
Toyota: Turning Point
Honda: Hit Hard In June
Nissan: Up, Infiniti Hurt By Quake
Hyundai: Record June
Kia: Record June, Second Quarter
Volkswagen: On a Roll
BMW: Higher Sales; New Mini Record
Daimler: Smart Downer; Mercedes Up
Subaru: Inventory Struggle
Mazda: Buoyed by People Movers (where I come from, people movers are buses)
Audi: Another Record Month
Volvo: Much-Improved Performance
Mitsubishi: Sales Double From Year Ago
Jaguar Land Rover: Land Rover Up; Jag Down
Porsche: Strength From Cayenne
Suzuki: Kizashi Sales Dip; Others Rise
Saab: Tough Business Month
I don't think the gas prices have been as much an influence as they went up gradually vs 2008. I still see a good market for econoboxes. Just not in my market and the boomer market.
If not for the Pilot and Highlander, HonToy would really be in the toilet. No mention of Lexus. Is Toyota dropping the nameplate. :P
"Lexus has been especially wracked by the supply disruptions after March 11, and sales were down by 40 percent in June. The impact cost Toyota’s luxury brand its first-half crown for segment leadership, which was taken over by BMW."
Toyota should get a strong boost from the all-new Camry, which I believe will be introduced before year-end. That should coincide with when production has recovered from the earthquake/tsunami.
Then, in Spring '12, Chevy will introduce the all-new '13 Malibu. The Passat will have plenty of competition, but I expect that it will do okay.
AutoObserver
Weird chart, so are Lexus and Infiniti under their parents, or "other"?
Surprised about the Koreans, so some would have us believe are slaughtering the automotive establishment with their daring original designs and lack of federal coddling...
And the Korea number surprises me since Hyundai sales are reportedly up.
The same question could be asked about Acura.
September Sales Finish Strong (AutoObserver)
I thought these Japanese companies were on a permanent slide because nobody no longer wanted them?
Ya... :sick:
Be curious to see how sales go next year. There's a lot of pent-up demand for new cars and it remains to be seen who's going to take advantage. VW may yet beat them all.
September Auto Sales Defy Economic Headwinds (AutoObserver)
IIRC, that German company is the manufacturer of a key ingredient used in some pigments. That German company manufactures that ingredient only in a plant they own in Japan.
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Auto Sales 2011: Everybody Gaining Except Japan (AutoObserver)
2011 Vehicle Inventory Running Dry (AutoObserver)
Hyundai and Kia have had a great year--yet again. But at this point with their factories going flat out, I'm not sure show many more they can produce next year.
I think I read somewhere that the KIA factory in Georgia is now running three 8 hour shifts--24 hours a day! That alone boosted their capacity something like 100k units to c. 300,000+ a year....
Edmunds.com Auto Sales Forecast: Analysts See Chrysler up 35 Percent (chron.com)
Nissan North America said its March U.S. sales rose almost 13% to 136,317 vehicles, a record for any month in the company’s history."
Toyota up 15%. Chrysler up 34%. GM up 12%. Ford up 5%. VW up 35/5.
"The only major automaker missing the March sales parade was American Honda Motor Co. Its sales fell 5% to 126,999 from the same month a year ago."
March auto sales leave Hyundai looking for more cars to sell (LA Times)
Fleet sales represented about 13.5 percent of Toyota Motor Sales' volume last month. The Camry had a 20 percent fleet mix.
Is Toyota suffering from GMitis?
"Also Tuesday, Volkswagen of America Inc. said it had its best April sales year 1971, selling 37,525 vehicles, up 31.5 percent from the same month a year ago."
Chrysler's April up 20%, GM down 8.2%, Ford down 5% (Detroit News)
Auto Sales Rise Puts U.S. on Pace to Best Year Since 2007 (Bloomberg)
Edmunds.com May 2012 Auto Sales Forecast (Bloomberg)
"There was great pressure from automakers to close June strong, especially after the unexpectedly weak Memorial Day holiday weekend in May," said Edmunds.com Senior Analyst Jessica Caldwell."
Auto Sales Rev Up in June (Inside Line)
Seller's Market: Where to Find Auto Deals This Summer (WSJ)
On the plus side, credit is cheap and easy to get again.
- Toyota's resulted indicated that the Japanese automaker largely has bounced back from the devastating 2011 earthquake and tsunami.
The domestic automakers posted strong August results.Hyundai Motor America announced an all-time August sales record of 61,099 units.
Resilient Auto Industry Reports Robust August Sales (Inside Line)
While the premium-car segment is less price sensitive than the mass-market sector, Europe's economic woes have started to spill over into demand for larger, more powerful sedans and sport-utility vehicles. European registrations at Daimler fell 6.9% last month, and the German company recently cut its full-year profit target for its core Mercedes-Benz Cars division."
BMW, Audi, and the Koreans are about the only brands with increasing sales.
European Car Sales Slump Continues (WSJ)
"Edmunds suggested that "strong performances" by the redesigned Honda Accord and Nissan Altima will propel the Japanese manufacturers to record October sales in the U.S.
The industry is expected to post an annual selling pace of 14.8 million to 14.9 million new-car sales in October, according to Edmunds and TrueCar, respectively. That would be the best October in five years."
U.S. new-car sales expected to sustain recent momentum (Detroit Free Press)
"October had been on track to be another strong month and was still a reasonably healthy month considering the punch Sandy packed," said Michelle Krebs, Edmunds.com senior analyst.
Before the storm, U.S. auto sales were expected to rise 11-12 percent for October, according to economists."
U.S. Auto Sales Relatively Healthy, Despite Hurricane Sandy's Toll (Inside Line)
Overall, new car and truck sales were up 6.9 percent on volume of 1,092,205 units compared with 1,021,313 a year ago. The impact of high fuel prices was again evident, as car sales increased 13 percent while truck sales edged up 1.6 percent."
U.S. truck, car sales up 6.9 percent in October (Detroit News)
The rebound in sales occurred even though the industry cut its incentives.
For the year, the average new car incentive fell 5.1%, according to Edmunds.com."
Auto industry's 2012 sales best since 2007: Chrysler up 10% in December; Ford, 1.9%; GM, 4.9% (Detroit Free Press)
Edmunds.com Analyst Named Top Auto Sales Forecaster of 2012 (fortmilltimes.com)
Grade The Analysts (thetruthaboutcars.com)
January Car Sales Off to a Fast Start
Plus, look how much more fuel efficient cars are now. That's driving demand, those 2008s are paid off and people will be looking to trade them in soon.
I think 15M is low...