• Sign in to follow this  
    Followers 0

    FCA Admits Sales Streak Ended Three Years Ago, Makes Changes In How It Reports Sales


    • New sales reporting practices reveal that FCA's sales streak ended in 2013


    Fiat Chrysler Automobiles is making some major changes in how they report sales and has admitted that their 75-month streak was only 40 months and it ended in September 2013.

     

    The new sales reporting methodology announced by FCA in a statement will comprise of,

    • Sales reported by dealers
    • Fleet sales delivered directly by the company
    • Retail 'other' sales, including those by dealers in Puerto Rico


    Using this new methodology, FCA went back and reviewed past monthly reports and found a 3 percent decrease in sales in September 2013 - a month that it had reported a 1 percent increase. Likewise, in August 2015, sales would have dropped 1 percent - not an increase of 2 percent.

     

    FCA says its “annual sales volumes under the new methodology for each year in the 2011-16 period are within approximately 0.7 percent of the annual unit sales volumes previously reported.”

     

    "Recent press reports have raised questions about the manner in which FCA US reports vehicle unit sales data on a monthly basis. These reports have mistakenly suggested that potential inaccuracies in the monthly data somehow impact the integrity of FCA's reported revenues in its financial statements," FCA said in a statement.

     

    This implies that there isn't a connection between monthly retail sales reporting and revenue disclosures, something the company is being investigated for by the Department of Justice and Securities and Exchange Commission.

     

    FCA went on to say that individual dealers were to blame for inflating sales and then 'unwinding' the transaction the following month. The company says there isn't any economic incentive for a dealer to do this as any incentives are reversed once the sale is unwound.

     

    Source: Automotive News (Subscription Required), Fiat Chrysler Automobiles

     

    Press Release is on Page 2


     

    FCA US LLC EXPLANATORY NOTE ON SALES REPORTING PROCESS
    July 26, 2016 , Auburn Hills, Mich. - Recent press reports have raised questions about the manner in which FCA US reports vehicle unit sales data on a monthly basis. These reports have mistakenly suggested that potential inaccuracies in the monthly data somehow impact the integrity of FCA’s reported revenues in its financial statements.

     

    This note is intended to explain how FCA US’s monthly sales reporting process has worked, recognizing the limitations inherent in a process that collects sales data entered by some 2,600 dealers until midnight of the last reporting day of a month and releases the aggregate data typically within 8 hours of the final data entries.

     

    FCA US believes that its current process has been in place in more or less the same form for more than 30 years, with reporting previously being made every 10 days and eventually evolving into monthly cycles.

     

    The vehicle unit sales data reported by FCA US is comprised of three main components: (a) sales made by dealers to retail customers; (b) sales of vehicles shipped directly by FCA US to fleet customers and © other retail sales including sales by dealers in Puerto Rico, limited deliveries through distributors and a small number of vehicles delivered to FCA employees and retirees and vehicles used for marketing.

     

    Dealer Sales
    Retail sales data is collected from the dealers (through a reporting system called the New Vehicle Delivery Report, or NVDR). This system is primarily designed to capture the time of a retail sale for two purposes. First, the date of sale recorded in the NVDR system begins the retail customer’s warranty coverage on the vehicle. Second, the recording of the retail sale in the NVDR system triggers FCA US’s obligation to make any manufacturer’s incentive payments to the dealer. These incentives may be based on the particular model sold, the number of certain models sold in the period and the achievement of certain overall dealer volume objectives.

     

    These retail sales are made by dealers out of their own inventory of vehicles. This inventory was purchased by the dealers from FCA US before any retail delivery to the customer. Consistent with other automakers’ practices, it is this initial sale -- by FCA US to the dealer -- that triggers revenue recognition in FCA US, and not the ultimate sale of the vehicle by a dealer to a retail customer. It is for this reason that the process of reporting monthly retail unit sales has no impact on the revenue reported by FCA in its financial statements.

     

    It is possible for a dealer to “unwind” a transaction recorded in the NVDR system and return the vehicle to the dealer’s unsold inventory. This “unwind” results in the return by the dealer of any incentives paid by FCA US to the dealer for the sale and it cancels the beginning of the warranty period. These unwinds may, and in fact do, occur for a number of reasons including: inability of the retail customer to finalize financing for the purchase or a change in customer preferences, among others. It is admittedly also possible that a dealer may register the sale in an effort to meet a volume objective (without a specific customer supporting the transaction). There is, however, no obvious economic incentive for a dealer to do so, since FCA US’s policy is to reverse all incentives due or paid to a dealer that resulted from the unwound retail sales transaction.

     

    When reporting monthly retail sales in the morning of the first day of the following month, a manufacturer cannot know which, if any, transactions may be unwound after the data is released. Because FCA US believes that most unwinds are recorded shortly following the time the initial sale is registered in the NVDR system, FCA US has not historically reflected either unwinds or the subsequent sales of these vehicles in its sales reporting. As a safeguard against double reporting, however, FCA US blocks the vehicle identification number (VIN) in its NVDR files to ensure that a subsequent retail sale of the vehicle does not enter into any tally of reported sales in any future month (i.e. a vehicle cannot be counted twice as a retail sale by the dealer).

     

    Fleet and Other Retail Sales
    The other component of the monthly reported unit sales has been vehicles that FCA US delivers directly, principally to fleet accounts, and retail and other sales consisting of limited deliveries through distributors and a small number of vehicles for company and marketing uses. Sales by dealers in Puerto Rico have also been included in other retail sales.

     

    It has been a matter of historical practice (going back many years before 2009 bankruptcy) for FCA US and its predecessors to maintain a “reserve” of vehicles in this category that had been shipped but not been reported as “sold” in the monthly sales reports. While the origin of this practice is unclear and is being looked into, FCA US believes that it was probably originally designed to exclude from the reported sales number vehicles that were in transit to fleet customers, as well as vehicles that were not yet deployed in the field (because, for example, they were being tailored by the fleet customer or a third party to the fleet customer’s specifications). The rationale for this exclusion, we believe, was to introduce some level of conformity in the reported monthly numbers, since the sales data was intended to reflect vehicles put in use during the month.

     

    This “not-in-use reserve” has ranged in size from month to month, and resulted from a subjective assessment at month-end. A review of the data suggests that the reserve has always been positive, such that FCA US has always, in the aggregate, reported fewer sales than the aggregate number of shipped units on a running basis. Nevertheless, there appears to be no objective methodology for establishing and maintaining such a reserve and thus several plausible values exist for such a reserve. To the extent that the methodology historically used does not yield a unique value, the outcome is inherently arbitrary.

     

    Our Evaluation of Past Practices and a Way Forward
    Our review of industry practice has not revealed a standard reporting practice among OEMs in the U.S., although we believe that FCA US’s competitors have used broadly similar approaches in compiling monthly sales data.

     

    The complexity of this compilation task is unique to the U.S. In Europe, for example, automakers generally report data generated by the national vehicle registration offices on the basis of the number of vehicles licensed by government agencies in a given month. The data is thus verified by a third party and is not subject to interpretation by the automakers. Due to the nature of the U.S. registration system involving 50 states with diverse recording and reporting practices, applying a registration-based system in the U.S. has never been thought to be feasible.

     

    FCA US has seriously considered simply ceasing to report this sales data on a monthly basis, and to rely only on published quarterly financial statements as a gauge of improvement or deterioration in our U.S. activities. We understand the sales data are used by some market followers, the automotive press in particular, to opine about the state of the industry and we accept that our decision to suspend monthly reporting would impact those constituencies and possibly may impair their perception, and in turn the public perception, of FCA US.

     

    FCA US has therefore decided to continue monthly sales reporting with a revised methodology.

    • Total sales will be comprised of
      • Dealer reported sales in the U.S.;
      • Fleet sales delivered directly by FCA US; and
      • Retail other sales including sales by dealers in Puerto Rico.

      [*]Dealer reported sales (derived from the NVDR system) will be the sum of

      • All sales recorded by dealers during that month net of all unwound transactions recorded to the end of that month (whether the original sale was recorded in the current month or any prior month); plus
      • All sales of vehicles during that month attributable to past unwinds that had previously been reversed in determining monthly sales (in the current or prior months).

      [*]Fleet sales will be recorded as sales upon shipment by FCA US of the vehicle to the customer or end user. [*]Other retail sales will either be recorded when the sale is recorded in the NVDR system (for sales by dealers in Puerto Rico and limited sales made through distributors that submit NVDRs) or upon receipt of a similar delivery notification (for vehicles for which NVDRs are not entered such as vehicles for FCA executives and employees).

     


    The objective of this new methodology is to provide in FCA US’s judgment the best available estimate of the number of FCA US vehicles sold to end users through the end of a particular month applying a consistent and transparent methodology. It continues to include some level of estimation in respect of, for example, unwound transactions that straddle a month end and fleet deliveries, which may be placed into service at various times after shipment and delivery. FCA US believes, however, that the consistency in application and transparency of this new methodology provides the most appropriate data for the limited uses to which the monthly vehicle unit sales data should be applied.

     

    FCA US has prepared unit sales reports going back to the beginning of 2011 using this approach, and has included the results in the attached Exhibit. The Exhibit also compares the data derived under this new methodology with previously reported US monthly sales data. This comparison yields the following results.

     

    1. FCA US in March of this year last commented specifically about a “streak” of year-over-year monthly sales improvements since April of 2010. Applying this new methodology, during the periods presented below, year-over-year monthly sales would have declined in September 2013 (-3%), August 2015 (-1%) and May 2016 (-7%). The so called “sales streak” would have stopped in September 2013 (after 40 months) and would have had three additional periods of sequential year-over-year improvements of 22, 8, and 1 month(s).

     

    2. Annual sales volumes under the new methodology for each year in the 2011-2016 period are within approximately 0.7% of the annual unit sales volumes previously reported.

     

    3. The monthly adjustments to previously reported sales as a result of the adjustment to deduct sales later unwound and add back sales attributable to previously unwound sales over the period January 1, 2011 to June 30, 2016 are a mix of positive and negative numbers which did not exceed 0.5% of the reported data in any month. The maximum numerical reduction from previously reported data was 770 units (0.5% of the month’s volume) in May 2015 and the maximum numerical addition to previously reported data was 437 units (0.4%) in September 2014. The total over the 2011 to 2016 period representing unwound transactions previously reported as sold for which vehicles remain in dealer stock at June 30, 2016, is approximately 4,500 vehicles, or 0.06% of the total volume reported over the period (7.7 million cars).

     

    FCA US will report its July 2016 sales using the new methodology.

    0


    Sign in to follow this  
    Followers 0


    User Feedback


    Sergio and all the italian garbage needs to go especially the stealing and waste of billions on the Garbage brand Alfa. They need to kill off the Alfa, Fiat, and Lancia brands. Modernize and grow the rest of the name plates.

    0

    Share this comment


    Link to comment
    Share on other sites

    I hope every accountant that knew about this, because I feel like they had to have, gets fired. Along with everybody else that knew about what was going on that either said nothing or was responsible for it. Essentially stealing from their investors by inflating numbers to make their company look better than it is..therefore increasing their stock price when it should not have. 

    1

    Share this comment


    Link to comment
    Share on other sites
    On 7/27/2016 at 0:35 AM, dfelt said:

    Sergio and all the italian garbage needs to go especially the stealing and waste of billions on the Garbage brand Alfa. They need to kill off the Alfa, Fiat, and Lancia brands. Modernize and grow the rest of the name plates.

    Alfa is an Italian brand that is very god at giving Italians what they want and very poor at giving Americans what they want.  Keep Alfa in Italy, let the US division sell Ram and Jeep...along with the occasional retro muscle car.  Forget about trying to be all things to all people.

    1

    Share this comment


    Link to comment
    Share on other sites


    Your content will need to be approved by a moderator

    Guest
    You are commenting as a guest. If you have an account, please sign in.
    Add a comment...

    ×   You have pasted content with formatting.   Remove formatting

    ×   Your link has been automatically embedded.   Display as a link instead

    ×   Your previous content has been restored.   Clear editor




  • Popular Stories

  • Today's Birthdays

    1. 2005 EquinoxLS
      2005 EquinoxLS
      (41 years old)
    2. Shaula
      Shaula
      (36 years old)
  • Similar Content

    • By William Maley
      Maserati North America, Inc. - Up 27.3% (1,380 Vehicles Sold This Month, 10.838 Vehicles Sold So Far This Year)
      Volkswagen of America - Up 24.24% (29,672 Vehicles Sold This Month, 285,719 Vehicles Sold So Far This Year)
      Porsche Cars North America, Inc. - Up 23.9% (5,513 Vehicles Sold This Month, 50,265 Vehicles Sold So Far This Year)
      Kia Motors America - Up 15.3% (52,504 Vehicles Sold This Month, 593,245 Vehicles Sold So Far This Year)
      Volvo Cars of North America, LLC - Up 11.9% (7,723 Vehicles Sold This Month, 72,595 Vehicles Sold So Far This Year)
      Subaru of America, Inc. - Up 11.4% (51,308 Vehicles Sold This Month, 551,955 Vehicles Sold So Far This Year)
      General Motors Co. - Up 10.2% (252,644 Vehicles Sold This Month, 2,723,667 Vehicles Sold So Far This Year)
      Nissan North America - Up 7.5% (115,136 Vehicles Sold This Month, 1,411,680 Vehicles Sold So Far This Year)
      American Honda Motor Co. - Up 6.5% (122,924 Vehicles Sold This Month, 1,477,465 Vehicles Sold So Far This Year)
      Ford Motor Company - Up 5.1% (199,441 Vehicles Sold This Month, 2,361,426 Vehicles Sold So Far This Year)
      Toyota Motor Sales - Up 4.3% (197,645 Vehicles Sold This Month, 2,206,359 Vehicles Sold So Far This Year)
      Hyundai Motor America - Up 4.2% (62,507 Vehicles Sold This Month, 712,700 Vehicles Sold So Far This Year)
      Audi of America - Up 2.5% (17,118 Vehicles Sold This Month, 187,018 Vehicles Sold So Far This Year)
      Mitsubishi Motors North America - Up 1.8% (6,896 Vehicles Sold This Month, 88,884 Vehicles Sold So Far This Year)
      Mercedes-Benz USA - 0% (33,490 Vehicles Sold This Month, 343,695 Vehicles Sold So Far This Year)
      Mazda North American Operations - Down 3% (22,041 Vehicles Sold This Month, 269,019 Vehicles Sold So Far This Year)
      FCA US LLC - Down 14% (160,827 Vehicles Sold This Month, 2,051,796 Vehicles Sold So Far This Year)
      BMW Group U.S. - Down 15.8% (30,696 Vehicles Sold This Month, 327,711 Vehicles Sold So Far This Year)


      Jaguar Land Rover North America - 

      Brands:
      Acura - Down 5.1% (11,616 Vehicles Sold This Month, 144,212 Vehicles Sold So Far This Year)
      Alfa Romeo - Down 32% (23 Vehicles Sold This Month, 464 Vehicles Sold So Far This Year)
      Audi - Up 2.5% (17,118 Vehicles Sold This Month, 187,018 Vehicles Sold So Far This Year)
      BMW - Down 18.2% (26,189 Vehicles Sold This Month, 280,339 Vehicles Sold So Far This Year)
      Buick - Up 16.1% (18,530 Vehicles Sold This Month, 208,343 Vehicles Sold So Far This Year)
      Cadillac - Up 14.5% (15,326 Vehicles Sold This Month, 148,560 Vehicles Sold So Far This Year)
      Chevrolet - Up 8.1% (169,675 Vehicles Sold This Month, 1,883,551 Vehicles Sold So Far This Year)
      Chrysler - Down 47% (14,518 Vehicles Sold This Month, 215,196 Vehicles Sold So Far This Year)
      Dodge - Down 21% (34,075 Vehicles Sold This Month, 470,529 Vehicles Sold So Far This Year)
      Fiat - Down 15% (2,415 Vehicles Sold This Month, 30,136 Vehicles Sold So Far This Year)
      Ford - Up 4.5% (187,012 Vehicles Sold This Month, 2,262,493 Vehicles Sold So Far This Year)
      Genesis - N/A (1,306 Vehicles Sold This Month, 5,215 Vehicles Sold So Far This Year)
      GMC - Up 14.1% (49,113 Vehicles Sold This Month, 483,213 Vehicles Sold So Far This Year)
      Honda - Up 7.9% (111,308 Vehicles Sold This Month, 1,333,253 Vehicles Sold So Far This Year)
      Hyundai - Up 2% (61,201 Vehicles Sold This Month, 707,485 Vehicles Sold So Far This Year)
      Infiniti - Up 3.6% (12,112 Vehicles Sold This Month, 120,095 Vehicles Sold So Far This Year)
      Jaguar - 
      Jeep - Down 12% (67,285 Vehicles Sold This Month, 843,217 Vehicles Sold So Far This Year)
      Kia - Up 15.3% (52,504 Vehicles Sold This Month, 593,245 Vehicles Sold So Far This Year)
      Land Rover - 
      Lexus - Down 1% (29,050 Vehicles Sold This Month, 290,046 Vehicles Sold So Far This Year)
      Lincoln - Up 19.1% (9,429 Vehicles Sold This Month, 98,933 Vehicles Sold So Far This Year)
      Maserati - Up 27.3% (1,380 Vehicles Sold This Month, 10.838 Vehicles Sold So Far This Year)
      Mazda - Down 3% (22,041 Vehicles Sold This Month, 269,019 Vehicles Sold So Far This Year)
      Mercedes-Benz - Up 1.1% (30,363 Vehicles Sold This Month, 308,226 Vehicles Sold So Far This Year)
      Mercedes-Benz Vans - Down 7.4% (2,564 Vehicles Sold This Month, 30,444 Vehicles Sold So Far This Year)
      MINI - Up 1.4% (4,507 Vehicles Sold This Month, 47,372 Vehicles Sold So Far This Year)
      Mitsubishi - Up 1.8% (6,896 Vehicles Sold This Month, 88,884 Vehicles Sold So Far This Year)
      Nissan - Up 8% (103,024 Vehicles Sold This Month, 1,291,585 Vehicles Sold So Far This Year)
      Porsche - Up 23.9% (5,513 Vehicles Sold This Month, 50,265 Vehicles Sold So Far This Year)
      Ram Trucks - Up 12% (42,511 Vehicles Sold This Month, 492,254 Vehicles Sold So Far This Year)
      smart - Down 15% (563 Vehicles Sold This Month, 5,025 Vehicles Sold So Far This Year)
      Subaru - Up 11.4% (51,308 Vehicles Sold This Month, 551,955 Vehicles Sold So Far This Year)
      Toyota - Up 5.3% (168,595 Vehicles Sold This Month, 1,916,313 Vehicles Sold So Far This Year)
      Volkswagen - Up 24.24% (29,672 Vehicles Sold This Month, 285,719 Vehicles Sold So Far This Year)
      Volvo - Up 11.9% (7,723 Vehicles Sold This Month, 72,595 Vehicles Sold So Far This Year)

      View full article
    • By William Maley
      Maserati North America, Inc. - Up 27.3% (1,380 Vehicles Sold This Month, 10.838 Vehicles Sold So Far This Year)
      Volkswagen of America - Up 24.24% (29,672 Vehicles Sold This Month, 285,719 Vehicles Sold So Far This Year)
      Porsche Cars North America, Inc. - Up 23.9% (5,513 Vehicles Sold This Month, 50,265 Vehicles Sold So Far This Year)
      Kia Motors America - Up 15.3% (52,504 Vehicles Sold This Month, 593,245 Vehicles Sold So Far This Year)
      Volvo Cars of North America, LLC - Up 11.9% (7,723 Vehicles Sold This Month, 72,595 Vehicles Sold So Far This Year)
      Subaru of America, Inc. - Up 11.4% (51,308 Vehicles Sold This Month, 551,955 Vehicles Sold So Far This Year)
      General Motors Co. - Up 10.2% (252,644 Vehicles Sold This Month, 2,723,667 Vehicles Sold So Far This Year)
      Nissan North America - Up 7.5% (115,136 Vehicles Sold This Month, 1,411,680 Vehicles Sold So Far This Year)
      American Honda Motor Co. - Up 6.5% (122,924 Vehicles Sold This Month, 1,477,465 Vehicles Sold So Far This Year)
      Ford Motor Company - Up 5.1% (199,441 Vehicles Sold This Month, 2,361,426 Vehicles Sold So Far This Year)
      Toyota Motor Sales - Up 4.3% (197,645 Vehicles Sold This Month, 2,206,359 Vehicles Sold So Far This Year)
      Hyundai Motor America - Up 4.2% (62,507 Vehicles Sold This Month, 712,700 Vehicles Sold So Far This Year)
      Audi of America - Up 2.5% (17,118 Vehicles Sold This Month, 187,018 Vehicles Sold So Far This Year)
      Mitsubishi Motors North America - Up 1.8% (6,896 Vehicles Sold This Month, 88,884 Vehicles Sold So Far This Year)
      Mercedes-Benz USA - 0% (33,490 Vehicles Sold This Month, 343,695 Vehicles Sold So Far This Year)
      Mazda North American Operations - Down 3% (22,041 Vehicles Sold This Month, 269,019 Vehicles Sold So Far This Year)
      FCA US LLC - Down 14% (160,827 Vehicles Sold This Month, 2,051,796 Vehicles Sold So Far This Year)
      BMW Group U.S. - Down 15.8% (30,696 Vehicles Sold This Month, 327,711 Vehicles Sold So Far This Year)


      Jaguar Land Rover North America - 

      Brands:
      Acura - Down 5.1% (11,616 Vehicles Sold This Month, 144,212 Vehicles Sold So Far This Year)
      Alfa Romeo - Down 32% (23 Vehicles Sold This Month, 464 Vehicles Sold So Far This Year)
      Audi - Up 2.5% (17,118 Vehicles Sold This Month, 187,018 Vehicles Sold So Far This Year)
      BMW - Down 18.2% (26,189 Vehicles Sold This Month, 280,339 Vehicles Sold So Far This Year)
      Buick - Up 16.1% (18,530 Vehicles Sold This Month, 208,343 Vehicles Sold So Far This Year)
      Cadillac - Up 14.5% (15,326 Vehicles Sold This Month, 148,560 Vehicles Sold So Far This Year)
      Chevrolet - Up 8.1% (169,675 Vehicles Sold This Month, 1,883,551 Vehicles Sold So Far This Year)
      Chrysler - Down 47% (14,518 Vehicles Sold This Month, 215,196 Vehicles Sold So Far This Year)
      Dodge - Down 21% (34,075 Vehicles Sold This Month, 470,529 Vehicles Sold So Far This Year)
      Fiat - Down 15% (2,415 Vehicles Sold This Month, 30,136 Vehicles Sold So Far This Year)
      Ford - Up 4.5% (187,012 Vehicles Sold This Month, 2,262,493 Vehicles Sold So Far This Year)
      Genesis - N/A (1,306 Vehicles Sold This Month, 5,215 Vehicles Sold So Far This Year)
      GMC - Up 14.1% (49,113 Vehicles Sold This Month, 483,213 Vehicles Sold So Far This Year)
      Honda - Up 7.9% (111,308 Vehicles Sold This Month, 1,333,253 Vehicles Sold So Far This Year)
      Hyundai - Up 2% (61,201 Vehicles Sold This Month, 707,485 Vehicles Sold So Far This Year)
      Infiniti - Up 3.6% (12,112 Vehicles Sold This Month, 120,095 Vehicles Sold So Far This Year)
      Jaguar - 
      Jeep - Down 12% (67,285 Vehicles Sold This Month, 843,217 Vehicles Sold So Far This Year)
      Kia - Up 15.3% (52,504 Vehicles Sold This Month, 593,245 Vehicles Sold So Far This Year)
      Land Rover - 
      Lexus - Down 1% (29,050 Vehicles Sold This Month, 290,046 Vehicles Sold So Far This Year)
      Lincoln - Up 19.1% (9,429 Vehicles Sold This Month, 98,933 Vehicles Sold So Far This Year)
      Maserati - Up 27.3% (1,380 Vehicles Sold This Month, 10.838 Vehicles Sold So Far This Year)
      Mazda - Down 3% (22,041 Vehicles Sold This Month, 269,019 Vehicles Sold So Far This Year)
      Mercedes-Benz - Up 1.1% (30,363 Vehicles Sold This Month, 308,226 Vehicles Sold So Far This Year)
      Mercedes-Benz Vans - Down 7.4% (2,564 Vehicles Sold This Month, 30,444 Vehicles Sold So Far This Year)
      MINI - Up 1.4% (4,507 Vehicles Sold This Month, 47,372 Vehicles Sold So Far This Year)
      Mitsubishi - Up 1.8% (6,896 Vehicles Sold This Month, 88,884 Vehicles Sold So Far This Year)
      Nissan - Up 8% (103,024 Vehicles Sold This Month, 1,291,585 Vehicles Sold So Far This Year)
      Porsche - Up 23.9% (5,513 Vehicles Sold This Month, 50,265 Vehicles Sold So Far This Year)
      Ram Trucks - Up 12% (42,511 Vehicles Sold This Month, 492,254 Vehicles Sold So Far This Year)
      smart - Down 15% (563 Vehicles Sold This Month, 5,025 Vehicles Sold So Far This Year)
      Subaru - Up 11.4% (51,308 Vehicles Sold This Month, 551,955 Vehicles Sold So Far This Year)
      Toyota - Up 5.3% (168,595 Vehicles Sold This Month, 1,916,313 Vehicles Sold So Far This Year)
      Volkswagen - Up 24.24% (29,672 Vehicles Sold This Month, 285,719 Vehicles Sold So Far This Year)
      Volvo - Up 11.9% (7,723 Vehicles Sold This Month, 72,595 Vehicles Sold So Far This Year)
    • By William Maley
      Volkswagen of America Reports November 2016 Sales Results
      Dec 1, 2016
      November sales totaled 29,672 units, an increase of 24.2 percent over November 2015 Tiguan sales totaled 4,516 units, an increase of 15.6 percent over November 2015 Passat sales totaled 6,441 units, an increase of 133.5 percent over November 2015 Golf SportWagen sales (which includes the  all-new Alltrack) totaled 2,174 units, an increase of 246 percent over November 2015 Herndon, VA — (December 1, 2016) Volkswagen of America, Inc. (VWoA) today reported sales of 29,672 units delivered in November 2016. Sales of the Golf SportWagen, which include the all-new Alltrack, increased by more than 200% over November 2015.
      November 2016 Sales
        November 16
      November 15
      Yr/Yr% change
      November  16
      YTD
      November  15
      YTD
      Yr/Yr%
      change
      Golf
                  1,340
                      774
      73.1%
                11,894
                18,066
      -34.2%
      GTI
                  2,216
                   1,963
      12.9%
                21,157
                21,300
      -0.7%
      Golf R
                     449
                      273
      64.5%
                  3,947
                  3,492
      13.0%
      e-Golf
                     305
                      472
      -35.4%
                  3,494
                  3,623
      -3.6%
      Golf SportWagen
                  2,174
                      628
      246.2%
                12,227
                13,112
      -6.7%
      Total Golf Family
                  6,484
                      4,110
      57.8%
                52,719
                59,593
      -11.5%
      Jetta Sedan
                10,212
                 11,021
      -7.3%
              108,023
              114,365
      -5.5%
      Jetta SportWagen       
      (now Golf SportWagen)
                        -  
                          1
      n/a
                         5
                  2,671
      -99.8%
      Total Jetta
                   10,212
      11,022
      -7.3%
      108,028
                117,036
      -7.7%
      Beetle Coupe
                     915
                      571
      60.2%
                  8,738
                12,067
      -27.6%
      Beetle Convertible
                     488
                      440
      10.9%
                  5,333
                  9,289
      -42.6%
      Total Beetle
                     1,403
                      1,011
      38.8%
      14,071
                  21,356
      -34.1%
      Eos*
                        -  
                      201
      n/a
                     387
                  2,751
      -85.9%
      Passat
                  6,441
                   2,759
      133.5%
                65,761
                74,611
      -11.9%
      CC
                     268
                      475
      -43.6%
                  2,863
                  5,643
      -49.3%
      Tiguan
                  4,516
                   3,907
      15.6%
                38,063
                30,943
      23.0%
      Touareg
                     348
                      397
      -12.3%
                  3,827
                  6,551
      -41.6%
      TOTAL
                     29,672
                      23,882
      24.24%
                  285,719
                  318,484
      -10.29%
      *Eos production ended in July 2015
    • By William Maley
      Car Sales Quicken and Trucks Continue Momentum as American Honda Sets New Sales Records in November
      Dec 1, 2016 - TORRANCE, Calif.
      Powered by both cars and trucks, American Honda and the Honda Division set new November sales records American Honda and Honda Division trucks also set new November sales marks Compacts lead, with Fit gaining 43 percent and HR-V soaring 132 percent above year ago levels MDX sets November pace for Acura while RDX gets new November record Acura NSX reaches another milestone American Honda Motor Co., Inc. today reported total November sales of 122,924 Honda and Acura vehicles, an increase of 6.5 percent versus November of last year to set a new November record. American Honda trucks gained 9.9 percent for a new November record on sales of 62,737 units. Honda Division overall vehicle sales also set a new November mark of 111,308 units, rising 7.9 percent. Acura Division sales held fairly steady in November, totaling 11,616 units for a decrease of 5.1 percent.
      Honda
      Continuing to buck the industry trend, Honda car sales helped push the brand to a new November record. Fit and Accord led the way for Honda cars, with strong support from Civic.  Honda truck sales maintained strong momentum with a new November record as HR-V jumped in triple digits and both CR-V and the new Ridgeline had strong sales performances.
      Honda Division sales rose 7.9 percent on sales of 111,308 for a new November record. Honda cars gained 5.6 percent on sales of 56,943 units, while trucks increased 10.3 percent on sales of 54,365 units for a new November record. Accord, recently named one of Car & Driver magazine's 10 Best cars for a record 31st time, enjoyed a robust gain of 6.3 percent on sales of 27,182 units. HR-V sales totaled 8,141 in November, a remarkable 132 percent increase. Civic sales topped 25,000 for the month, gaining 1 percent and keeping Civic on track to set an all-time annual sales mark in December. "Considering the continued consumer appetite for trucks and SUVs, we're excited to see Honda cars resonate so well with our customers," said Jeff Conrad, senior vice president and general manager of the Honda Division. "This is especially gratifying considering the strength of our light truck lineup, as we continue to hit on all cylinders with individual retail buyers."
      Acura
      Acura light trucks continued to show sales muscle, with MDX leading the month of November for the brand and RDX recording best-ever November sales. On the car side, RLX showed an uptick while NSX reached a new milestone.
      Acura trucks continued on pace to top 2015, gaining 7.6 percent with sales of 8,372 units in November. Sales of the redesigned MDX rose 13 percent on sales of 4,622 for the month. RDX had its best November sales to date, rising 1.6 percent on sales of 3,750 vehicles. RLX sales moved up slightly in November, gaining 16.7 percent on sales of 140 units. Reaching another milestone, the custom-crafted NSX supercar has topped 200 customer deliveries since sales commenced in May. "Strong sales of the new Acura MDX demonstrate that our design direction and focus on performance is the right path for the Acura brand," said Jon Ikeda, vice president and general manager of the Acura division. "With the NSX and the MDX leading the way, we will take our entire lineup toward Acura's Precision Crafted Performance DNA."

    • By William Maley
      Audi of America sets November sales record on SUV and A4 demand
      December 01, 2016 | HERNDON, Virginia
      Demand for Q7 SUV more than doubled; Q3 rose 45 percent A4 sedan increased 30 percent for the month Record sales streak continues for 71st consecutive month Audi of America reported a November sales increase of 2.5 percent to 17,118 vehicles, as the Q7, Q3 and A4 continued to lead the volume gains.
      It was Audi of America’s best November and its 71st straight month of record sales. The previous November record was set last year with 16,700 deliveries. Year-to-date sales have risen 2.9 percent to 187,018 vehicles despite a tightening premium market.
      November results were bolstered by demand for SUV models. Total SUV sales for the brand increased 22 percent over last November and 17 percent year-to-date. The Q5 was the volume leader with 4,187 vehicles sold. Sales of the Q3 rose 45 percent over last year to 1,613 vehicles. Q7 sales more than doubled with a 104 percent increase from last November to 2,605 vehicles.
      Demand for the A4 sedan remained robust with sales of 3,143 vehicles, a 30 percent increase for the month and a 19 percent increase year-to-date, notwithstanding a stagnant sedan market in the U.S.
      The A3 Sportback e-tron had its best sales month ever with 394 deliveries in November and 3,691 vehicles sold year-to-date.
      “On the heels of a successful November, we are on pace to achieve our seventh consecutive record sales year,” said Mark Del Rosso, chief operating officer, Audi of America. “We are confident that our momentum will continue in 2017, which promises to be one of the biggest launch years in Audi of America history.”
      AUDI US SNAPSHOT
      --MTD--
      --YTD--
      Model Line
      Nov '16 Actual
      Nov '15 Actual
      Yr/Yr % change
      Nov '16 YTD  Actual
      Nov '15 YTD Actual
      Yr/Yr % change
      A3
      2,063
      3,028
      -31.9%
      28,634
      32,732
      -12.5%
      A4
      3,143
      2,418
      30.0%
      30,678
      25,841
      18.7%
      A5
      482
      1,277
      -62.3%
      7,763
      11,934
      -35.0%
      A6
      1,532
      1,582
      -3.2%
      16,670
      20,394
      -18.3%
      A7
      576
      636
      -9.4%
      5,747
      6,880
      -16.5%
      A8
      343
      364
      -5.8%
      3,648
      4,566
      -20.1%
      allroad
      271
      301
      -10.0%
      1,989
      2,564
      -22.4%
      Q5
      4,187
      4,520
      -7.4%
      43,154
      45,949
      -6.1%
      Q7
      2,605
      1,279
      103.7%
      27,288
      17,806
      53.3%
      Q3
      1,613
      1,109
      45.4%
      18,001
      11,728
      53.5%
      R8
      63
      10
      530.0%
      654
      480
      36.3%
      TT
      240
      176
      36.4%
      2,792
      929
      200.5%
      Total Audi Sales
      17,118
      16,700
      2.5%
      187,018
      181,803
      2.9%
      Total CPO Sales
      3,705
      3,494
      6.0%
      41,923
      44,322
      -5.4%
       
  • Recent Status Updates

  • Who's Online (See full list)