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As we already know the U.S. car sales continued to soften this September, and are down 0.7% to 1.434m. The totals yielded a surprisingly robust seasonally adjusted annualized rate (SAAR) of 17.76m units, a solid rebound from August's 17.00m. The rate is down about 290,000 sales from last September. Sales are still slightly ahead of the first three quarters of 2015, it means a new annual record is still possible, although the outlook isn't favorable. Even though car manufacturers were running up incentives with about 2.5% compared to September 2015, they were down 0.2% compar...
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 ...
Even as incentive spending reaches a record high, U.S. new-vehicle sales are projected to decline for a second consecutive month. The forecasts reinforce the notion that industry sales have leveled off after six consecutive years of gains coming out of the recession. But analysts say the market is not on the brink of a downturn, either. Auto sales are tracking just about even with last year’s record-breaking pace, so there’s good reason to believe that they’ve hit a high plateau. At the very least, automakers can feel good that sales are consistently hovering at o...
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...
