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General Motors has taken a beating in the headlines this year as falling U.S. sales have cost it nearly a full point of market share. U.S. vice president of sales, Kurt McNeil, says GM's deliberate move to cut low-profit sales to rental car companies and focus on more lucrative retail sales to individual customers is behind the drop. But the auto industry's focus on top-line sales numbers has made GM look bad compared with competitors. Kurt McNeil claims he has a strategy that can help GM to increase its sales numbers, despite the fact that GM's market share has fallen ...
And again US truck sales proved they are on the top now, with 926,000 units sold, which is 3.1% higher than the 898,000 units August 2015. As a contrast 2016 August US car sales fell to 579,000 units, as compared to 670,000 million units in August 2015. These results suggest a significant year-over-year decline of 13.6%. US truck sales seasonally adjusted annual rate remained strong at approximately 10.1 million units from AUGUST 2015. The SAAR of truck sales was even higher at approximately 10.9 million vehicles. The US car sales fell to approximately 6.5 million units in Augu...
The biggest winners in US car sales this August were Ford, Nissan and Kia. They are the reason car sales have seen a growth of 4.6% this month, it puts the industry back on track to top 1.2 million sales for 2016. More than 94,900 cars were sold in August, for a year-to-date total of 784,330-puts the market on track to break ist previous record of 1,155,408 sales set in 2015. Toyota's Camry stands strong for another month with 2458 units sold out, it has become the top selling Australian-made car. Camry has beaten up Holden Commodore and Ford Falcon. Corolla also boosted Toyota's ...
August U.S. auto sales will be 5.2 percent below a year ago, taking into account that the peak of industry sales was in 2015. Jeff Schuster, head of forecasting at LMC, said that with mixed economic signals, it certainly looks like U.S. auto sales may have peaked in 2015. He also considers that it is important to focus on the sustainable high level of demand. Peak does not mean doom and gloom, and while the industry faces risk, it is not destined for a pullback. The consultancies said they expect August U.S. total auto sales of 1,492,700 vehicles, from 1,574,938 a year earlier. Auto...
We already know that the first half of 2016 has been a mixed bag for U.S. automakers with total car sales in the first seven months reaching 4.253 million, a decline of 7.7% compared to last year, and light-duty truck sales increasing by 9.1% to reach 5.913 million. General Motors has sold 1.706 million cars, a 4% drop compared to last year while Ford saw its sales grow by 3.3% to reach 1.560 million. Ford’s jump in sales can be directly attributed to the company’s above-average performance in the light truck segment. Overall passenger car sales has been slow, with sever...
