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Category Archives: sales
Gubagoo Announces Virtual Retailing for Auto Dealers to Sell Cars Through Facebook Marketplace
It’s claimed that in less than 30 minutes, customers can build a deal and get approved financing for a vehicle that a dealer has listed on Facebook Marketplace. The buying process is initiated when a person inquires about a vehicle they see on Marketplace by sending a message in Messenger. Once in the conversation, the customer can tap on the “Buy Online” button to calculate payments, value their trade-in, apply rebates, accessories and F&I products, and submit a credit application for online approval – all within Messenger. Continue reading
Hyundai Indonesian Plant: Koreans Versus Dominant Japanese and Versus Looming Chinese Invasion Threat
“Despite having a presence in the Indonesian market for more than a decade, Hyundai’s local business has been relatively small, with sales of just 936 units in the first eight months of this year. The only vehicle currently assembled locally is the H-1 (Grand Starex) MPV. Hyundai’s other models sold in Indonesia – the Santa Fe, Tucson, i20 and i10 – are imported and therefore subject to import duties,” says LMC. Continue reading
Ford Motor US Sales Reverse in September. Job Cuts Coming
Nonetheless, when you peer around the p.r. flak, Ford Motor Company’s September U.S. sales declined -11.2% on total sales of 197,404 vehicles (-2% year-to-date). The only semi-bright spot is that Ford brand SUV sales are running at a record pace this year through September. Expedition turned in a 27.4% gain on record transaction prices of $63,600 as customers opted for more high series Platinum SUVs. Ford and Lincoln cars were a total disaster – at 37,112 in September (-26.5% y-o-y), and 357,278 for 9 months, or -16.6%. No wonder that Ford is preparing to cut white collar jobs but it won’t say how many or when. Continue reading
Q3 GM US Sales Dive -11% to 700,000 Vehicles
But it was more money on fewer vehicle sales. GM total sales plummeted -11% year over year. The third quarter light vehicle SAAR was 17.2 million units in 2017 and 16.9 million in 2018. Continue reading
Western European Car Registrations Plummet -23%
September saw the downside to August’s pull-forward effect, as WLTP emissions regulations were widely implemented from 1 September. The transition to WLTP also led to the unavailability of some models that had not received approval under the new procedure. The fact that there was one fewer selling day in September 2018 than in September 2017 across the region did not help sales either. Continue reading
Mercedes-Benz Barely Bests BMW in September US Sales
Mercedes-Benz USA (MBUSA) today reported September sales of 26,169 Mercedes-Benz models, a decrease of 9.8% from September 2017. Mercedes-Benz Vans reported best-ever month of 4,448 units (up 44.0%) and smart reported 98 units, bringing MBUSA to a grand total of 30,715 vehicles for the month. Continue reading
US September Sales Soothsaying: Downward Trend Continues
Replacement demand and delayed purchases following Hurricane Harvey in August 2017 saw a September 2017 pace of 18.1 million, the highest pace since 2005.Vehicle sales hit an all-time high last year as well, up nearly 80,000 units above the previous two Septembers, which occurred during record sales years. Continue reading
New responsibilities at BMW. MINI Position Vacant?
Starting in 2013 Mackensen was initially in charge of global sales and marketing for MINI, before assuming overall responsibility for the brand in 2015. His successor will be named later. Continue reading
Milestones – Production of 10 Millionth Mustang
The 10 millionth Ford Mustang is a, 460 horsepower 2019 Wimbledon White GT V8 six-speed manual convertible equipped with the latest driver assist technology and built at Ford’s Flat Rock Assembly Plant in Michigan where Mazda once built cars. Continue reading
Posted in auto news, design and styling, manufacturing, milestones, sales
Tagged autoinformed, autoinformed.com, ford mustang, Ken Zino
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Porsche Sets Half Year Sales Record. Again
This makes the first half of 2018 the most successful in the company’s history. It also means that Porsche is now predominantly a sedan and crossover maker. Continue reading
Posted in marketing, sales
Tagged autoinformed.com, Detlev von Platen, Ken Zino, Porsche ag
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Kia Motors Plans Overseas Business Reorganization
Kia Motors Corporation suffering from flat sales in the U.S. so far this year is making organizational changes within its overseas operations. Following other Asian companies, the Korean company will give greater autonomy to each region to “spur sustainable growth … Continue reading
Vehicle Average Loan, Monthly Payment at Record Highs
The population segments hurt most are subprime and deep subprime consumers. The percentage of new vehicle loans to subprime and deep subprime consumers has decreased 8.4% and 14.1%, respectively. The percentage of new vehicle loans to prime and super prime consumers has reached 73.4%, the highest Q1 level since 2012. Experian says it’s a sign that some lenders have become more risk-averse. Continue reading
Posted in auto news, marketing, sales
Tagged auto loans, autoinformed.com, automotive finance, Credit trends, experian, Ken Zino
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U.S. Vehicle Sales Forecast Flat for May 2018
As a trend noted by AutoInformed for a long time, car sales are expected to decline yet again. May will see double-digit declines. Truck and SUV/CUVs share growth will continue. Continue reading
F-Series Supplier Fire – a Threat to Ford Motor Profitability
Ford accounts for less than a third of the volume of output from the affected Meridian plant, it said, but the F-Series is the foundation of the profitability of Ford in North America – a foundation that was already showing signs of cracks. (Failing Grade for Ford Motor Q1 Earnings, Failing Grade for Ford Motor Q1 Earnings) Ford claims that while the production shortage is expected to have an adverse impact on the company’s near term results, the company’s guidance of delivering an adjusted EPS in the range of $1.45 to $1.701 for the full year is unchanged. Continue reading
Marketing Wars – New Carfax Ad Campaign. Car Fox Restyled.
The new ads tell consumers – what else – that carfax.com is the best place to shop for used cars and get the most accurate pricing information. The new-look Car Fox advises car shoppers on how to find great used cars online and prevent paying too much for them in new national TV ads from Carfax. Continue reading →