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It's not a secret that U.S. auto sales are on a tear. Earning reports out of Detroit have been a stunning counterpoint to the recent gloomy economic news. For one segment of the auto sector, however, the news hasn’t been so rosy. Despite the ongoing recovery and volume growth of the North American automotive sector, the profitability of dealers has been stagnating over the past three years. As a percentage of total sales, the 2.2% figure represents sales in the new- and used-vehicle departments and the service and parts departments. Some 42% of dealers report declined sto...
There was nothing casual for Nissan choosing Dallas as the place to present the new 2017 Pathfinder crossover this month. Nissan North America Chairman Jose Munoz explains that Texas is very important to them, it is the second-largest market, after Ca. “We have thousands of employees and their families here. It's important that we continue to do well here. We want to make people aware that we are here and will continue to see good growth in Texas."---Said Munez. But Toyota seems as a big rock in Nissan’s growth strategy in Texas, and especially in the Dallas...
The past few years have been a great time for the U.S. car dealers, while manufacturers haven't had it quite so good as retailers. At the same time many auto dealers complained they were often short of the products their customers wanted to buy, and it's pertinent to notice in this context that the factories still make too many vehicles for which there's no demand. Things are going to change soon in the U.S. economy, which will make sales even more exciting for dealers and manufacturers. The American car business will become more dicey for globa...
It's not a surprise anymore that the buy-sell activity is reaching its top and may plateau this year after so many predictions. Even though it is expected to be a strong sales year, you can't deny it won't be significantly stronger than the last year, or even a bit worse as many think. The reason of such a change, may be first of all the unstable economy, that is pushing retailers to opt for stock buybacks over acquisitions and of course the potential costumers that finally realize they don't need luxury brands, or at least they don't need to pay those enormous bills f...
According to calculations based on actual monthly sales reported by the manufacturers, the first reports of November auto sales are in.Statistics show that Hyundai, Nissan and Toyota set the pace in November. Gains among major players fell within a narrow range of 0.3 percent at Ford Motor Co. to 3.8 percent at Nissan Motor Co. Hyundai’s 12 percent increase stood out in percentage terms. Hyundai generated sales of 60,007 vehicles, up 12 percent, for its best-ever November. Only American Honda and Volkswagen Group posted a decline in volume. Overall U.S. sales, wi...
