Category Archives: sales

Toyota, Honda Post Huge September Sales Gains, Nissan Stalls

Posted on 3 October 2012 by Ken Zino

Worrisome for competitors were increases in market share of 2.6% at Toyota, and 1.2% at Honda year-over-year, according to AutoData. Each percentage point in share is worth roughly $1 billion dollars in profits, according to an old industry rule of thumb. Left as road kill was Nissan whose share dropped more than 1% with sales of 92% units. Continue reading →

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Chrysler Group Reports September 2012 U.S. Sales Increase of 12%

Posted on 2 October 2012 by Ken Zino

Chrysler Group reported U.S. sales of 142,041 units, a 12% increase compared with sales in September 2011 (127,336) – the group’s best September since 2007 before the reckless practices of Wall Street collapsed the housing market and the economy. Of the Detroit Three automakers, Chrysler put in what was arguably the best performance of the month by nearly matching overall industry growth of 13%. Continue reading →

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General Motors September U.S. Vehicle Sales Up Slightly

Posted on 2 October 2012 by Ken Zino

General Motors reported September U.S. vehicle sales of 210,245 vehicles, an increase of 1.5% compared year-over-year to September 2011 in an industry that grew by 14.5%. GM sales executives, looking for a bright spot, said that passenger car sales increased to 89,000 from 69,000 for September, or +29%, compared to an industry gain of +23.5%. All GM brands increased their retail sales in what was another tough month for the U.S.’s largest automaker. The largest U.S. automaker now unquestionably has a better sales mix with calendar year-to-date sales of 813,000 cars, 678,000 trucks and 478,000 crossover vehicles. GM sales year-to-date are up 3.4% in an industry that recovered at four times that rate, though. The tepid or turn-around GM sales – choose your interpretation – GM are the sum of a complex three-dimensional game, which attempts to balance profits, capacity, competitive actions and momentum, with still badly needed brand rebuilding. Continue reading →

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Ford Motor U.S. Sales Flat in September

Posted on 2 October 2012 by Ken Zino

September U.S. vehicle sales at Ford Motor were the same as last year,175,000, as the Dearborn-based automaker continues to lag market growth. A variety of factors – including inventory shortages, the result of deficient forecasting made early in the Great Recession when Ford jettisoned (too) many workers and plants, as well as necessary new model changeovers now underway are clearly hurting results.

Projections put the overall U.S. industry up more than 12% when final numbers are available late today [September came in at +13%], with Japanese makers Toyota, Nissan and Honda expected to post double-digit increases as car segments continue to boom because of $4 a squirt gasoline. Once again, this month Toyota – now fully back in production – challenged Ford for the Number Two U.S. sales position with monthly sales of 171,910 units.

The subcompact, compact and midsize car segments are expected to show retail sales growth of at least 25% percent, compared with September 2011, according to a projection by J.D. Power and Associates. Japanese automakers have strong reputations and residual values in these segments, which result in attractive pricing, buyer loyalty and increasing sales. Continue reading →

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U.S. September Vehicle Sales Projected Up. SAAR at 14.5 Million

Posted on 20 September 2012 by Ken Zino

September new-vehicle retail sales are projected to come in at 952,200 units, which represent a seasonally adjusted annualized rate (SAAR) of 11.8 million units. The forecast in September is more than 1 million units higher than September 2011. Total light-vehicle sales in September are expected to increase 11% from September 2011, with volume at 1,152,700 units for a SAAR of 14.5 million. Continue reading →

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EU Cars Sales Drop 9% in August as Eurozone Crisis Continues

Posted on 18 September 2012 by Ken Zino

The crisis in the Eurozone continued unabated as new car sales dropped 9% in August year-over-year after declining by 7.8% in July. As a result, in the 27 countries that comprise the EU, sales dropped to 688,000 vehicles. Year-to-date sales are down to 8.3 million units, the lowest in decades and the fifth straight year of sales declines. Continue reading →

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SAIC-GM-Wuling JV in China Sells 1,000,000 Vehicles

Posted on 15 September 2012 by Ken Zino

SAIC-GM-Wuling has sold 1,000,000 vehicles in China for the fourth consecutive year. It is the earliest the General Motors China joint venture – required by the communist government as a successful job creating policy – has reached the milestone. In 2011, SGMW sold its 1 millionth vehicle in October. Continue reading →

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Record Sales for Ford China in August at 48,631

Posted on 6 September 2012 by Ken Zino

Ford China posted its highest ever August sales, with 48,631 units sold, up 39% from last year. Year to date, Ford China has sold 368,513 vehicles, up 8% from January – August 2011. Market leader General Motors sold in 220,996 units in August and 1,837,546 year-to-date. Number Two Volkswagen Group has yet to report its August China sales. Continue reading →

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GM Posts August Sales Record in China as Its Biggest Maker

Posted on 5 September 2012 by Ken Zino

General Motors and its government-mandated joint ventures set a new August sales record in China as sales increased rose 7% from the previous August and 11% from July to 220,996 units. All three of GM’s large manufacturing joint ventures set sales records for the month. Shanghai GM’s domestic sales were up 12% on an annual basis to 110,209 units. SAIC-GM-Wuling’s sales in China rose 3% to 106,500 units. FAW-GM’s domestic sales increased 17% to 4,117 units. Continue reading →

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GM, Ford and Chrysler Post Strong August Sales but Lag Market Growth as Japanese Production Recovers and Car Sales Soar

Posted on 4 September 2012 by Ken Zino

Coming at the opening of the Democratic Presidential convention, the ongoing recovery of job and wealth creating Detroit companies will be political fodder for the Administration in the face of Mitt Romney’s well established “let ‘em die stance” even though his firm Bain capital accepted a federal bailout as Rolling Stone magazine has just revealed. Continue reading →

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U.S. August Auto Sales Tepid at a Projected 12 Million Units

Posted on 24 August 2012 by Ken Zino

LMC Automotive has revised the outlook for total light-vehicle sales in the United States downward to 14.3 million units from 14.5 million units, with retail auto sales at 11.4 million units, down from 11.5 million units. Weaker U.S. economic growth and concerns with the deepening Eurozone crisis are cited as factors for slower growth during the second half of the year. The U.S. auto industry is still projected at a 15-million-unit level in 2013, but the outlook has been cut from 15.2 million units, as the risks in could carry over into next year. Continue reading →

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Volkswagen Barely Increases Sales in Germany During July

Posted on 23 August 2012 by Ken Zino

Europe’s strongest brand is showing the negative effects of the ongoing Eurozone crisis in July as year-to-date Volkswagen sales in Germany rose to 361,400, only a 2.5% increase year-over-year. In the rest of Western Europe sales dropped 5% from the comparable prior-year period. Results were better elsewhere, so much so that the VW brand posted an an overall increase of 11.9% to 468,300 (July 2011: 418,600) for the month of July. Continue reading →

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Incentives, Declining Used Car Prices Could Boost U.S. Auto Sales

Posted on 17 August 2012 by Ken Zino

New-vehicle incentives and rebates, as well as declining prices on used vehicles are a couple of factors pointing to steady auto sales as the summer months come to a close, according to the National Automobile Dealers Association. Continue reading →

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Porsche Sales up 16% in July. Boxster and 911 Strong

Posted on 17 August 2012 by Ken Zino

Porsche increased sales in July by 16% helped by strong sales of the Boxster and 911. The automaker sold 12,391 cars and trucks during the month. Led by sales of the Panamera sedan and Cayenne sport utility vehicle, Porsche has sold 81,562 vehicles (+14 %) in the first seven months of 2012. Continue reading →

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Ford EU July Sales off 12%, Lowest Since 1995. Lags Industry

Posted on 16 August 2012 by Ken Zino

Ford Motor Company sales in its traditional 19 European markets decreased in July to 83,100 vehicles, -12.3% lower than July 2011 in an industry with heavy discounting that was off 7.6% overall. Year-to-date, Ford sales were 700,200 units, down 11% during the same period last year compared to an industry decline of 7%. Both results were the lowest sales for Ford in the EU since 1995 as the Eurozone crisis continues unabated. Continue reading →

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