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September’s auto sales in the US stood at 1,428,000 vehicle units. This was ~0.5% lower than US auto sales of 1,435,000 vehicle units in September 2015. In August 2016, auto sales stood at 1,506,000 in the US. The US auto industry has witnessed good times in the past couple of years. In 2015, US auto sales were at their peak, with ~17.4 million vehicles sold during the year. This certainly boosted the confidence of these automakers. However, it also ignited a debate about US auto sales being at peak levels and a possible downturn in US auto demand going forward. Through September 2...
Major automakers have posted their sales results for this September, and although we had high hopes on the discounts offered by General Motors and Ford Motor. Co, nothing saved the market from crashing down. The total industry sales were at 1.44 million vehicles, which is down 0.5% for a seasonally adjusted annualized rate of 17.76 million from 18.05 million in September 2015. The top-seller in the United States- GM, posted a 0.6%decline. Ford reported an 8% drop, and Fiat Chrysler Automobiles was down 1%. Shares of the three Detroit automakers rose, led by GM with a 0.8 percent gain. Sal...
In the last few years, mainstream automakers benefited from strong truck and utility vehicle sales in the US. While small car sales showcased stagnation in the country, demand for heavyweight vehicles rose in the last few quarters. It’s important to note that these heavyweight vehicles, including pickup trucks and utility vehicles, tend to yield higher margins for automakers compared to small cars. In general, heavyweight vehicles are less fuel efficient than small vehicles. Weakness in oil prices and a recovery in the country’s housing and construction market could be ...
This August U.S. gasoline consumption hit a new peak of 9.7 million barrels a day, a growth in demand that many oil bulls believe will be the driver for higher crude oil prices. Specialists are forecasting a increase of gasoline consumption by 1.9% to 9.33 million barrels a day in 2016, it means the record set in 2007 will be surpassed. Even though the gasoline growth is stronger than ever now, a downside in the industry is still predicted. Fuel efficient vehicles are likely to gain more popularity on greater environmental awareness. The world started to realize the need for cleaner...
Bulk sales to fleets and a record level of discounting have softened the blow, but underperforming retail demand is catching up with U.S. auto sales this month. Forecasters expect a modest decline in sales for the month of September – say, down less than 1 percent. That should put year-to-date sales roughly dead even or possibly slightly lower than a year ago. U.S. automakers will report September sales on Monday. At the end of 2015, most analysts expected another record year for U.S. auto sales. That could still happen, but it’s looking less and less likely unless autom...
