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A review of restated Fiat Chrysler sales at the model level points to a company that either didn't accurately know what it was selling month to month or was playing fast and loose with its fleet sales. In its unprecedented restatement a year ago, which revealed that its then-vaunted streak of year-over-year sales gains actually had ended in 2013, FCA US downplayed the differences between what it had historically reported as its monthly sales and what a new reporting methodology showed was actually occurring. Let's take a deeper look at the figures. FCA and its dealers report...
After years of slow sales, Volkswagen is finally killing off the Touareg for the US market. Despite the ever-growing popularity of SUVs and crossovers, the Touareg never quite made a mark in America. Sales of the near-luxury SUV were down 26 percent in the first half of 2017, with just 1,630 units rolling off dealer lots. There's no one reason for the decline in sales, but the premium price tag cannot have helped. The 2017 Volkswagen Touareg starts at $50,405 in the US, with the top of the range Executive trim starting at $61,105. For reference, the all-new 2018 Volkswagen Atlas...
As demand for the new E-class and SUVs rose, Mercedes-Benz took the lead in the luxury-car sales segment, its sales rose up to 11% in June. As we know for years, BMW, Audi and Mercedes have always been competitors to each other, being three most well-known and trusted German automakers. For so many years the first sales spot between them has been taken by BMW, and only know Mercedes was able to outrun it. Sales of BMW brand vehicles rose 2 percent to 192,873 last month, while third-placed Audi saw sales rise 1 percent to 170,650. Through June, Mercedes sold ...
The headlines for Hyundai Motor America's 2016 sales results were the kind any automaker would be proud of: Despite a car-heavy lineup, tight crossover supplies and thin incentive support, Hyundai and the new Genesis brand combined for a seventh consecutive year of record sales. But how Hyundai got there raises questions about the brand's sales tactics and its prospects heading into a softening market, including whether it relies too heavily on sales to rental agencies and to dealerships themselves, dealers and people familiar with Hyundai's sales operations say. The str...
Analysts say that U.S. auto sales in June will likely fall 2 percent from a year earlier despite large discounts for consumers, presenting a fresh sign that automakers are heading into a downturn. June U.S. new vehicle sales will be about 1.48 million units, a drop of 2 percent from 1.51 million units a year earlier. The forecast was based on the first 15 selling days of the month. Automakers will release June U.S. sales results on July 3. The seasonally adjusted annualized rate for the month will be 16.5 million vehicles, down nearly 2 percent from 16.8 million units in the same mo...
