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Orange County new vehicle sales mostly held steady in February, slipping a mere 0.3 percent in yet another sign the hot auto industry is at a plateau. Auto sales peaked in 2015 with a 8.7 percent gain overall compared with 2014, then leveled off in 2016 after six years of growth. Last year, local dealerships reported a sales decline of less than 1 percent, according to the Orange County Automobile Dealers Association, which tracks new vehicle registrations. In January, post-holiday auto sales in the county decreased 4.2 percent. The group expects 2017 auto sale numbers to be similar...
Now that startups have tried and failed to beat the car salesman, many are taking a different route: catering to them. There are many car web-sites who stumbled in their attempts to bring more Amazon-like e-commerce to car shopping, a new wave of auto finance upstarts has emerged. Rather than fight a dispersed and politically-connected dealer industry, they’re bringing the country’s 17,000 new-car dealers into the digital age, meaning consumers aren’t going to be bypassing the dealership to buy new rides anytime soon. The market is so big that there’s nothing...
Sales of new vehicles are expected to tick up this year, because of steady interest rates and firmer brand. There had been three years of declines in auto sales. Before that, we had a number of very good years didn’t we, so are things just leveling off? The answer is yes. We had a couple of good years post the recession 2008-09. We had five or six years of consecutive growth and the last few years have seen the vehicle sales decline, mainly as a result of the depreciation of the brand. What we’ve seen is customer demand has not reduced at all over the course of the last t...
In February 2017, Ford’s F-Series truck US sales stood at 65,956 units with a YoY increase of ~9%. During the month, the strong demand for the newly launched F-Series Super Duty trucks continued in the company’s Retail segment. As a result, February 2017 was the best month for the company’s F-Series sales in the last 13 years. This strength was consistent with the robust retail sales performance of F-Series trucks in January 2017. In January 2016, the company sold 57,995 units of F-Series trucks, which was 13% higher on a YoY basis. These strengthening sales of Fo...
Tesla doesn’t even surprise us anymore for showing growth year by year. We weer expecting that the automaker will show steadily growth in 2016, and so it did. Nearly 80,000 Tesla cars were bought by consumers in 2016. Tesla's sales improvements have taken place since it launched its first designed-from-scratch Model S sedan in 2012. In 2015, the Model X SUV was added to the lineup, and the Model S has been progressively improved over the past four years, with the top-end P100D capable of outrunning the fastest, most exotic hypercars in a 0-60 mph sprint. But during the ti...
