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The importer and distributor of Porsche 911, Boxter and Cayman sports cars, Macan, Cayenne SUVs, and the Panamera four-door sports sedan line-up in the United States, reported their September sales results, marking a new record month of all-time, by selling 4,479 models. September 2016 sales are up 1.2% compared to the same month last year. The Macan continues to lead in volume with 1,998 vehicle sales, a 72.2% increase over September 2015. Year-to-date retail sales stand at 40,246 vehicles, up 2.4% compared to last year. Macan deliveries are up 30% year-to-date. Porsche Approv...
Although demand for SUVs and pickups continues to flourish, total U.S. new-vehicle (retail and fleet) sales in September are anticipated to dip 0.8% to less than 1.43 million units vs. 1.44 million unit sales in the same month of 2015. Despite a record level of incentive spending, Labor Day weekend sales, which are traditionally robust, were down 1% from last year, based on sales data collected during the first two weeks of September. The month’s retail deliveries are set to reach 1.185 million units, off 1.4% from last September’s 1.2 million. Fleet sales are expected ...
Considering the growth in auto industry has slowed down in 2016, and U.S. sales for General Motors and Ford were down 5.2% and 8.4% in August, comparing to the same month last year, the car companies aren’t accepting the downturn passively: to juice sales in September, incentive spending is at the highest levels ever. Automakers have been trying to boost sales by increasing incentives significantly. The average incentive in September is at a record high of $3,923 per unit. The beats the previous peak of $3,753 in December 2008- back when the Great Recession was kicking into fu...
Despite a record high for consumer discounts, September U.S. auto sales are forecast to drop nearly 1 percent from a year ago. It is expected that the U.S. new vehicle sales will be 1.43 million, down 0.8 percent from a year earlier. The seasonally adjusted annualized rate for September will be 17.7 million vehicles, down from 18 million on the same basis a year earlier. Retail sales to consumers, which do not include multiple fleet sales to rental agencies, businesses and government, were seen declining 1.4 percent in September. It would be the fifth month in the past seven to show a retail s...
It's not a secret that U.S. auto sales are on a tear. Earning reports out of Detroit have been a stunning counterpoint to the recent gloomy economic news. For one segment of the auto sector, however, the news hasn’t been so rosy. Despite the ongoing recovery and volume growth of the North American automotive sector, the profitability of dealers has been stagnating over the past three years. As a percentage of total sales, the 2.2% figure represents sales in the new- and used-vehicle departments and the service and parts departments. Some 42% of dealers report declined sto...
