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The current slowdown in U.S. auto sales may be less severe for the auto industry than it seems. The reason is that most of the decline is in generally less-profitable fleet sales. The forecasting and consulting firms said they expect U.S. auto sales of just under 1.5 million in June 2017, down 2.3 percent from a year ago. That corresponds to a Seasonally Adjusted Annual Rate of 16.5 million, down from a SAAR of 16.8 million a year ago. The SAAR is an estimate for the full year of sales, based on the selling rate in a single month. June would mark the fourth monthly SAAR in a row bel...
U.S. auto sales this May are expected to be flat if we compare them with 2016 auto sales for the same month, but considering all the signs of stagnation isn’t that a good thing? Automakers in the U.S. market will report May sales on Thursday, June 1. The long Memorial Day weekend and sales promotions traditionally give May sales a boost. U.S. auto sales were down a disappointing 4.7 percent in April, compared with April 2016. Year to date, auto sales were down 2.4 percent after four months. It’s well documented by now that the slowdown in sales is hitting passe...
Some of you might ask yourself what’s so special about sports cars? They aren’t designed to go off-road, the biggest part of them have space for just one passenger and still the sports cars sales are up in US this Spring. U.S. sales of compact sports cars are up 3.4 percent in 2017, while overall car demand is off 12 percent, including an 11 percent slump in April. Truck sales, including crossovers and SUVs, have increased 4.4 percent so far in 2017.The big winner among small sports cars this year is Mazda’s MX-5 Miata, which, after a redesign, got off to a slow s...
Yesterday car dealers added to concerns about the state of the U.S. auto industry and how tough any downturn might be if its six-year recovery has ended. In a conference call with media and analysts, officials of the National Automobile Dealers Association said they expected sales of cars and light trucks in the United States to dip to 17.1 million vehicles this year, high by historical standards but below 2016's record 17.55 million vehicles. Investors are also watching rising interest rates, inventories of unsold vehicles and the generosity of profit-eroding discounts that aut...
We’ve got a new forecast for you, before the real car sales results get revealed at the beginning of March. Expect for the auto market to sell 1,331,787 new cars and trucks in the US this month. This will be a 17% increase from last month, but a 1% decrease from February 2016. Also it was estimated that approximately 3.4 million used vehicles will be sold in February, compared to 3 million last month. The long Presidents' Day holiday weekend undoubtedly contributed to the increase in sales from January. Typically, the holiday boosts sales volume by 20% compared to an avera...
