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Cadillac marketing chief Uwe Ellinghaus claims that the U.S. sales party isn't over yet. U.S. sales will probably plateau this year just below 2016’s record finish and hover at near-record levels for some time. He says that what others call a “cooling off” is probably the best thing that has ever happened, because levels that were once seen as excessive are now sustainable. U.S. sales edged ahead 0.3 percent in 2016 to end the year at 17.5 million units, a seventh straight year of gains. Through March of this year, however, sales were down 1.6 percent, with Ca...
Audi of America reported a March sales increase of 2 percent to 18,705 vehicles, as the Q5, Q3 and A4 led the volume gains. March 2017 marked the 75th consecutive month of record sales for Audi of America. The previous March record was set last year with 18,392 vehicles sold. SUV sales remained strong with the volume-leading Q5 posting sales of 4,382 vehicles, an increase of 18 percent for the month. Sales of the Q3 rose 21 percent over last year to 1,818 vehicles. The Q7 posted 2,660 sales for the month. The A3 Sportback e-tron had its second-best sales month ever with 414 vehicles...
Even though U.S. is not in a recession that’s exactly what dealerships are doing nowadays. As a percentage of a dealership's total gross, profits fell in the new- and used-vehicle departments, but rose in service and parts. The profit gains come after about a third of all U.S. light-vehicle dealerships expanded their service departments by at least one bay in the past 18 months to capture more service revenue. And with new- and used-vehicle price competition remaining intense. Going into a sales plateauing year, customer loyalty is going to be very key for dealers. That lo...
What else could be considered as the best present for Volvo on its 90th birthday?! If you don’t know yet than we’ll give you a hint, it’s something related with “sales”. Now, the answer is more visible right?! Well, Volvo wasn’t always here, it fought a lot for the right of being where it is now. Since 2014 Volvo has annually set a new global sales record, a streak it expects to continue in 2017 by topping the current high of 534,332 that was reached last year. The automaker's profit margin has improved 6.1 percent in 2016 compared with a 4 p...
Toyota Motor Corp. executive claims that the U.S. auto market has peaked and will shrink this year, with manufacturers using unprecedented incentives to support passenger cars through slumping demand. The president of Toyota’s U.S. sales unit, Bob Carter, says that industrywide deliveries may decline to as low as 17 million vehicles from last year’s record of about 17.5 million. A rapid shift in demand toward sport utility vehicles at the expense of sedans is the main factor driving automakers’ heavy discounts. Once the industry starts to get their pipelines lined ...
