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Economic indicators point to a strengthening economy, which means more Americans are choosing luxury cars than in recent years. In August 2016, the sales volume of entry-level luxury cars in the US dropped by a significant 19.6% YoY (year-over-year) to ~53,000 units. For the same period, the sales of entry-level luxury SUVs (sports utility vehicles) increased by 11.3% YoY to more than 58,000 units, while the sales of entry-level sports cars dropped by 17.8% YoY to nearly 26,000 units. Top car models in the entry-level luxury and sports vehicle segments included the BMW 3 Series, Mer...
And again US truck sales proved they are on the top now, with 926,000 units sold, which is 3.1% higher than the 898,000 units August 2015. As a contrast 2016 August US car sales fell to 579,000 units, as compared to 670,000 million units in August 2015. These results suggest a significant year-over-year decline of 13.6%. US truck sales seasonally adjusted annual rate remained strong at approximately 10.1 million units from AUGUST 2015. The SAAR of truck sales was even higher at approximately 10.9 million vehicles. The US car sales fell to approximately 6.5 million units in Augu...
The 4.1% decline in U.S. new-vehicle sales in August provided more evidence of plateauing of consumer demand. The numbers further underscored the waning interest of buyers for sedans, especially in the midsize category. The U.S. automotive market's six-year recovery following the global financial crisis has been carried mostly by trucks, SUVs and crossovers. In August, for example, Toyota's (TM) RAV4 midsize crossover for the first time outsold the Japanese automaker's best-selling Camry sedan, 33,171 to 32,864. For Nissan (NSANY), the automaker's Rogue crossover in...
Probably all of us know that the US automobile sector struggled to maintain sales momentum in August. Despite the fact that July was surprisingly robust, the industry recorded a major decline of 4.1% last month. Many automakers claim that they have reached a peak in demand. They also reported that they sold fewer vehicles, as reduced discounting kept customers from showrooms. The upside is that because everybody was counting on a small recession in the auto industry, stocks remained flat. This is also good news for the customers, who can expect sweeter deals, as incentives will be needed to sh...
As we already know U.S. car sales declined by nearly 4% this August, that's a year-over-year drop which followed flatlining sales over the previous three months. Bucking the trend to no small degree in august was capacity-constrained Subaru, which earned 4% of the market by selling more than 60,000 new vehicles for the first time in the company's history. Subaru's discounts were 78% below the industry average. It's been already two years since the car manufacturer reported record sales of 50,246 units. It was also August 2014, and after the brand continued to s...
