William Maley

Industry News: Leasing Reaches Record High, Could Grow Further

32 posts in this topic

William Maley    394

Sales of new cars have been reaching all-time highs and part of the reason comes down leases. The Detroit News reports that nearly one in three vehicles built for the U.S. is leased. Data from Edmunds shows 2.2 million vehicles were leased in the first half of 2016. Not only is this up 13 percent from the same time year, it is double the volume from 2011. Steven Szakaly, chief economist for the National Automobile Dealers Association tells the Detroit News there is plenty of space for more leases.

“I think this could easily be 40 percent of the market,” said Sazkaly.

Why have leases become popular? It comes down to the monthly payment. Compared with payments for auto loans, lease payments are on average 23 percent less. Leasing is also a popular option for younger folks. Jessica Caldwell, analyst for Edmunds says the reason is leasing is like a cell phone contract; low monthly payments and knowing that you can get into a new car in a few years.

But while leasing is helping new car sales, some analysts are worried this could cause used car prices to go down. Why? A glut of turned in leased vehicles will flood the used car market, causing prices to be slashed to move metal.

“They’ll swamp the market, they’ll force residuals down,” said Sean McAlinden, chief economist for the Center for Automotive Research.

The increase in leasing is already having an effect on used car values. Tom Webb, chief economist for Cox Automotive Inc., said 2.55 million vehicles came off lease last year. That number will increase to 3.1 million this year. Automakers are now figuring out ways to sell this glut of vehicles while keeping values up.

Source: The Detroit News


View full article

Share this post


Link to post
Share on other sites
dfelt    1,782

People wanting to be in the jones jones race of upping their friends by one will lease to get into a higher level auto than to accept that they can only really afford X. This will cause a bigger increase in debt and in lower residuals plus a glut once these low miled used auto's hit the market.

In 2-3 years I expect another auto correction of poor sales and a flood of auto's on the market.

  • Upvote 1

Share this post


Link to post
Share on other sites
Frisky Dingo    612
5 hours ago, dfelt said:

People wanting to be in the jones jones race of upping their friends by one will lease to get into a higher level auto than to accept that they can only really afford X. This will cause a bigger increase in debt and in lower residuals plus a glut once these low miled used auto's hit the market.

In 2-3 years I expect another auto correction of poor sales and a flood of auto's on the market.

 

So much wrong here I don't even know where to begin.

 

Just a lot of 'no'.

Share this post


Link to post
Share on other sites
dfelt    1,782
5 hours ago, Frisky Dingo said:

 

So much wrong here I don't even know where to begin.

 

Just a lot of 'no'.

Start at the beginning of what you think is wrong as I see this all around me every day, homes that can barely pay their mortgage with high end luxury auto's going paycheck to paycheck. When all the lease auto's come back in the prices are depressed. 

Good deals for those of us willing to buy a lease return with full warranty.

We have alrady seen the auto industry based on leases and big discounts hit record sales only to have it follow by a depressed market. This will repeat itself again and again.

Share this post


Link to post
Share on other sites
smk4565    323

Leases are huge on Cruze, Elantra, Focus type cars because people can lease them for $179 a month, when you can't even buy a $10k used car for that monthly payment.    That puts a lot of cars on the used market at 3 years old, probably bad for resale but good for used car shoppers.

Share this post


Link to post
Share on other sites
Frisky Dingo    612
13 hours ago, dfelt said:

Start at the beginning of what you think is wrong as I see this all around me every day, homes that can barely pay their mortgage with high end luxury auto's going paycheck to paycheck. When all the lease auto's come back in the prices are depressed. 

Good deals for those of us willing to buy a lease return with full warranty.

We have alrady seen the auto industry based on leases and big discounts hit record sales only to have it follow by a depressed market. This will repeat itself again and again.

People not living within their means is definitely more of a rule than an exception these days, I will grant you that. And some people leasing more car than they need due to incentives is not a wise decision. That is not what I was disputing. 

What this piece conveniently ignores is that many people are on this ~3 year trade cycle anyway. So just because leasing is growing in popularity doesn't mean the market will be flooded by trade ins by default. The market will become more saturated in trades in general because of the higher sales numbers the car market has been enjoying. In fact, I would say the higher lease numbers will have the opposite effect on used car values. People are turning cars in that have to meet certain requirements so as not to be penalized at lease in. Cars in better condition with lower mileage than comparable non-leased cars are going to have higher values.

The bigger problem is a market whose sales are being padded by bogus reports and bolstered by extreme incentives. Those are what's responsible for the massive increase in car sales. Along with looser lender requirements and low fuel costs. The market was bound to become flooded in second cars anyway, leasing in and of itself is not the culprit.

Many people are just becoming aware of how beneficial leasing is, how much money it can save you, and how much it can alleviate the fear of unknown variables over the course of ownership. It's not some evil that is going to crash the car market and needs to be vanquished. That's really a short sighted and misinformed notion.  

Share this post


Link to post
Share on other sites
ccap41    1,163

Yeah leasing properly can really benefit somebody. For instance, if my mom OR dad leased one of their two vehicles they'd probably save a munch of money. They both live only 3 miles from work but they di visit my sister a handful of times a year in IA so they would still surpass the minimum mileage on ONE of their vehicles. Then again, my dad keeps their vehicles for ~7-8 years so they do get their monies worth from them as-is. Similar situation for a buddy of mine's fiancé. He said once her car is paid off they will likely lease her next car because she puts so few miles on it.

If you can fit into the bottom two rungs of a lease mileage-wise it can be pretty beneficial.

Share this post


Link to post
Share on other sites
dfelt    1,782

Audi of washington has a tone of lease specials on the whole product line, example is their AWD A6 on lease special of $519 per month for 36 months for 7500 miles a year. 

To me that is a crazy that you would spend that kind of money with so few miles allowed and be stuck with it for 3 years.

I understand the leasing from a business standpoint and being able to drive new every 2-3 years. But I hate payments and would rather buy what I like and drive it way longer. 

Then again, I am the exception as I still drive my 1994 GMC SLE Suburban as well as all my other fine auto's I own. :P

Share this post


Link to post
Share on other sites

Leasing can make sense for a lot of people for a lot of reasons.  BMW seems to under write their leases to encourage people to buy new BMW's they then can turn around and sell them as CPO cars two or three years later.  Sell the same car twice....hmmm.....

Personally I think repair costs have gotten so high and people do not have a lot of discretionary income or a lot of knowledge of cars, so leasing keeps them under a warranty and one less thing they have to worry about.

  • Upvote 1

Share this post


Link to post
Share on other sites
dfelt    1,782

I can see the day where cars are never sold again, you pay for the right to drive it and after so long, you can then drop to month by month or drive it into the dealer, they put the car into a special recycling slot and out the other end comes your new auto you just ordered. No wait, custom order, custom build auto's on demand.

Reminds me of the scene in Minority Report.

Share this post


Link to post
Share on other sites
5 hours ago, dfelt said:

I can see the day where cars are never sold again, you pay for the right to drive it and after so long, you can then drop to month by month or drive it into the dealer, they put the car into a special recycling slot and out the other end comes your new auto you just ordered. No wait, custom order, custom build auto's on demand.

Reminds me of the scene in Minority Report.

I could very well see car makers retaining the right to the software and refusing to update it, thus making the car functionally obsolete.  Tesla already updates over the internet wirelessly IIRC, I for see some sort of mandated turn in.

Share this post


Link to post
Share on other sites
ccap41    1,163
8 hours ago, A Horse With No Name said:

Leasing can make sense for a lot of people for a lot of reasons.  BMW seems to under write their leases to encourage people to buy new BMW's they then can turn around and sell them as CPO cars two or three years later.  Sell the same car twice....hmmm.....

Personally I think repair costs have gotten so high and people do not have a lot of discretionary income or a lot of knowledge of cars, so leasing keeps them under a warranty and one less thing they have to worry about.

Completely agree with your second part. Auto makers are making vehicles to the point where average joe can barely touch his own car because it's just so complex or difficult to get to certain areas of a car. Then there are hybrids with insane electricity "flowing" through them that you have to be extra careful with. 

Share this post


Link to post
Share on other sites
9 hours ago, ccap41 said:

Completely agree with your second part. Auto makers are making vehicles to the point where average joe can barely touch his own car because it's just so complex or difficult to get to certain areas of a car. Then there are hybrids with insane electricity "flowing" through them that you have to be extra careful with. 

The body control computer thing is downright frightening from a cost standpoint. Cruze near me got hit by lightening,  Body shop said to scrap the car even though it looked fine. Insurance wanted it fixed any ways.  Bill came to fourteen grand by the time all of the body control computers and electronics were replaced. 

Fourteen grand is a lot of scratch for a three year old fairly base Cruze.

Edited by A Horse With No Name

Share this post


Link to post
Share on other sites
ccap41    1,163
1 hour ago, A Horse With No Name said:

The body control computer thing is downright frightening from a cost standpoint. Cruze near me got hit by lightening,  Body shop said to scrap the car even though it looked fine. Insurance wanted it fixed any ways.  Bill came to fourteen grand by the time all of the body control computers and electronics were replaced. 

Fourteen grand is a lot of scratch for a three year old fairly base Cruze.

How did that not get totaled out? That had to be like 90% of its value if it was fairly base and a few years old.

Share this post


Link to post
Share on other sites
Frisky Dingo    612

A 3 year old Cruze is not worth 14 grand. Not even an LTZ. That car should have been totaled, no question.

 

Also guys, you should know that leasing actually works even BETTER for people who drive a lot of miles annually.

Share this post


Link to post
Share on other sites
ccap41    1,163

I never would have guessed. I just assumed a smaller payment for the lease would save you money while the car is depreciating no matter what while I "own" it, somewhat regardless of the miles put on it.

Share this post


Link to post
Share on other sites
dfelt    1,782
42 minutes ago, Frisky Dingo said:

Also guys, you should know that leasing actually works even BETTER for people who drive a lot of miles annually.

Actually that is only as long as you stay within the contract of 12K or 15K miles. Otherwise, the cost is incredibly expensive. Example is if I leased my Escalade for 15,000 miles, I would have had to pay an extra $3750 per year as during the first 4 years I averaged 30,000 miles a year driving. So the first 15,000 would have been covered under the lease at $1099.00 per month on the 15K year deal for 36 months. But then I would have had to pay up another $11,250 at the end of the lease and go into another lease. At least my escalade I own and now that I do not drive it that much, since it is a 2006, 10 years later, it is now considered low mileage as I only use it for personal long distance road trips. So about 10K a year and it is paid for but I have total comfort and luxury for my road trips.

End result is Leasing works for the Right Use Case. 

  • Upvote 2

Share this post


Link to post
Share on other sites
50 minutes ago, Frisky Dingo said:

A 3 year old Cruze is not worth 14 grand. Not even an LTZ. That car should have been totaled, no question.

 

Also guys, you should know that leasing actually works even BETTER for people who drive a lot of miles annually.

Exactly, because a high end car will depreciate more than the mileage penalty.  You really screw with idiots like BMW when you turn a car in that won't go CPO because of mileage.

Share this post


Link to post
Share on other sites
2 minutes ago, dfelt said:

Actually that is only as long as you stay within the contract of 12K or 15K miles. Otherwise, the cost is incredibly expensive. Example is if I leased my Escalade for 15,000 miles, I would have had to pay an extra $3750 per year as during the first 4 years I averaged 30,000 miles a year driving. So the first 15,000 would have been covered under the lease at $1099.00 per month on the 15K year deal for 36 months. But then I would have had to pay up another $11,250 at the end of the lease and go into another lease. At least my escalade I own and now that I do not drive it that much, since it is a 2006, 10 years later, it is now considered low mileage as I only use it for personal long distance road trips. So about 10K a year and it is paid for but I have total comfort and luxury for my road trips.

End result is Leasing works for the Right Use Case. 

Exactly the point...if you wanted to drive an Escalade a ton of miles and turn it back in....a 90,000 mile Escalade will have a ton of depreciation....

Share this post


Link to post
Share on other sites
ykX    95

Frisky, care to explain how leasing is better for people who drive a lot annually?

Most of the leases are 12-15k a year.  How is it beneficial to somebody who drives 20-25k a year?

1 hour ago, Frisky Dingo said:

A 3 year old Cruze is not worth 14 grand. Not even an LTZ. That car should have been totaled, no question.

 

Also guys, you should know that leasing actually works even BETTER for people

who drive a lot of miles annually.

 

Share this post


Link to post
Share on other sites
34 minutes ago, ykX said:

Frisky, care to explain how leasing is better for people who drive a lot annually?

Most of the leases are 12-15k a year.  How is it beneficial to somebody who drives 20-25k a year?

 

On some cars the mileage penalty is less than the actual depreciation of the vehicle.  i know very little about leasing, but from what I do know this works best with Luxury vehicles.

Share this post


Link to post
Share on other sites
Frisky Dingo    612

Firstly, you are not limited to 12,000 or 15,000 miles annually. That is just how most standard leases are figured. They're simply calculated on an average, because that's how many miles most people drive a year. You can buy more miles before hand. So you have a lease designed around 25,000 miles, or 30,000 miles, or however much you need. I've done a 18,500 annual mile lease before. The key to remember is that excessive mileage depreciates your car whether you own or lease it.

Here's an example of how it is still cheaper to lease, even with high annual mileage-

 

You can buy additional miles on most leases for $.15-.20 a mile. So let's say you drive 25,000 miles a year. You lease for 3 years, so are essentially buying 30,000 extra miles- 10,000 miles over 15,000 standard annual miles x 3- for let's say $.18 a mile. So you have $5,400 cost for additional miles. You have bought these miles going into the lease, the cost of the extra miles is figured into the car's worth at lease end. You are still able to walk away clean at that point in time.

The other way is you buy the car, and drive ~10,000 miles more a year than the average. You go to trade the vehicle in after 3 years time with 75,000 miles on it, and you are considerably over the average miles on similar aged vehicles. So you will have a deduction on your car's value on account of excessive mileage. In such a scenario, depending on the vehicle, you can expect to be deducted roughly $.30 a mile. 

Now if we were break this up and calculate a total cost over those 3 years, it would be as follows-

Scenario 1- Car costs $45,000 and and has 3yr, 45,000 residual of 57%. So $25,650. Minus $5,400 additional miles. So $20,250. Let's say after incentives and discount CAP cost is $38,500 (which is totally doable). So you have $18,250 of depreciation over the course of ownership. Over 36 months, that's $507 a month. Before tax and money factor. Add taxes and MF, and let's call it $570. First payment with fees is gonna run ~$620. $570 x 36 + $620 = $20,570.

 

Scenario 2- Car costs $45,000 and after discounts and incentives (which are almost always worse on buy vs lease) you're out the door at $39,500. You financed that for 60 months @ 2.49% and get a payment of $701. Then you have to pay sales tax within 30 days. Let's use 7.5%. There's $2,962.50. After license fees and whatnot, let's call it an even 3 grand. You go to trade that car in 3 years later w/ 75,000 and the value on it is $20,250. Over the course of 36 months, you've paid $24,535. Only $22,000 of that went to principal, so you've got a payoff of  $27,500. Now you're 7 grand upside down. So even leaving out the negative equity, you had 35 payments (no payment for 45 days) of $701 totaling $24,535. Plus you spent $3,000 on sales tax. So over 3 years, you've spent $27,535. And you're still flipped going into the next loan.

 

So, $20,570 to lease for 3 years and drive 75,000 miles, OR $27,535 to finance and drive 3 years and 75,000 miles. 

 

You tell me which is cheaper......

 

  • Upvote 2

Share this post


Link to post
Share on other sites
ykX    95

Thank you for expanding, I see your point.  

However, this works only if somebody wants to replace the car after 3 years.  If somebody keeps the car for 5 and more years vs continuous lease payment, then it is not so clear cut anymore IMO.

Taking your example:

Assuming after three years somebody managed to lease a car with similar payment.

Then: $570 x 60 = $34200

If somebody bought the car in 5 years he will pay it off for total of $42051 plus $3k registration, so $45051.

Assuming depreciation with that kind of mileage is around 75% the residual value will be around $10k, so $35051.

So it seems at 5 years it is pretty much a wash and then after that the person leasing is still paying $570 a month while the person owning only has depreciation to worry about (which will be negligible at this point) and the maintenance, which might be high because of the mileage but I doubt as high as $570 a month,  

I guess it just a matter of personal preference if somebody wants a new car every three years or he is happy to keep car for the long run.

Share this post


Link to post
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.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoticons maximum are allowed.

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

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.




  • Similar Content

    • By William Maley
      The sixth-generation Chevrolet Camaro has been lagging somewhat in sales when compared to the likes of the Ford Mustang and Dodge Challenger. Through July, Chevrolet only has moved 41,280 Camaros (down 2.5 percent). Compared to the Mustang which sold 50,814 (down 30 percent). The Challenger trails the Camaro but not by much - 41,243 units (up 2.6 percent). It gets worse when you compare it to last-generation Camaro. In 2015, the last year for the fifth-generation model, Chevrolet moved 77,502 models. A year later when the sixth-generation arrived, sales dropped to 72,705 models. 
      To try and change the Camaro's fortunes, General Motors is considering making some changes to the lineup. Some of those changes will focus on the base and V8 models.
      "I think we've got opportunities at the very low end of the Camaro range and some remix of some of the V-8 options on it so we don't force people to buy all the options with a V-8, just to get a V-8," said GM product chief Mark Reuss.
      Reuss wouldn't go into detail about the possible changes or when we could see them.
      Bringing down the price of the V8 is a great start. The 2018 Camaro with the V8 begins at $37,995 which is $4,800 more the Mustang V8 and $5,000 more than the Challenger. We could see a base V8 with smaller wheels, skip the infotainment system and have a radio, and other changes.
      We hope Chevrolet is planning to make changes very soon as Ford's refreshed Mustang is just around the corner.
      Source: Automotive News (Subscription Required)

      View full article
    • By William Maley
      The sixth-generation Chevrolet Camaro has been lagging somewhat in sales when compared to the likes of the Ford Mustang and Dodge Challenger. Through July, Chevrolet only has moved 41,280 Camaros (down 2.5 percent). Compared to the Mustang which sold 50,814 (down 30 percent). The Challenger trails the Camaro but not by much - 41,243 units (up 2.6 percent). It gets worse when you compare it to last-generation Camaro. In 2015, the last year for the fifth-generation model, Chevrolet moved 77,502 models. A year later when the sixth-generation arrived, sales dropped to 72,705 models. 
      To try and change the Camaro's fortunes, General Motors is considering making some changes to the lineup. Some of those changes will focus on the base and V8 models.
      "I think we've got opportunities at the very low end of the Camaro range and some remix of some of the V-8 options on it so we don't force people to buy all the options with a V-8, just to get a V-8," said GM product chief Mark Reuss.
      Reuss wouldn't go into detail about the possible changes or when we could see them.
      Bringing down the price of the V8 is a great start. The 2018 Camaro with the V8 begins at $37,995 which is $4,800 more the Mustang V8 and $5,000 more than the Challenger. We could see a base V8 with smaller wheels, skip the infotainment system and have a radio, and other changes.
      We hope Chevrolet is planning to make changes very soon as Ford's refreshed Mustang is just around the corner.
      Source: Automotive News (Subscription Required)
    • By William Maley
      Subaru of America, Inc. - Up 6.9% (55,703 Vehicles Sold This Month, 360,513 Vehicles Sold This Year)
      Toyota Motor North America - Up 3.6% (222,057 Vehicles Sold This Month, 1,377,222 Vehicles Sold This Year)
      Audi of America - Up 2.5% (18,824 Vehicles Sold This Month, 121,795 Vehicles Sold This Year)
      Mitsubishi Motors North America - Up 1.7% (8,025 Vehicles Sold This Month, 62,601 Vehicles Sold This Year)
      Porsche Cars North America, Inc. - Up 0.6% (3,901 Vehicles Sold This Month, 31,469 Vehicles Sold This Year)
      American Honda Motor Co. - Down 1.2% (150,980 Vehicles Sold This Month, 942,866 Vehicles Sold This Year)
      Mazda North American Operations - Down 3% (27,089 Vehicles Sold This Month, 168,713 Vehicles Sold This Year)
      Nissan Group - Down 3.2% (128,295 Vehicles Sold This Month, 947,983 Vehicles Sold This Year)
      Jaguar Land Rover North America - Down 4% (9,081 Vehicles Sold This Month, 65,585 Vehicles Sold This Year)
      Volkswagen of America - Down 5.8% (27,091 Vehicles Sold This Month, 188,329 Vehicles Sold This Year)
      Kia Motors America - Down 5.9% (56,403 Vehicles Sold This Month, 352,139 Vehicles Sold This Year)
      Ford Motor Company -  Down 7.5% (200,212 Vehicles Sold This Month, 1,501,314 Vehicles Sold This Year)
      FCA US LLC - Down 10% (161,477 Vehicles Sold This Month, 1,228,839 Vehicles Sold This Year)
      BMW Group U.S. - Down 13.7% (26,363 Vehicles Sold This Month, 197,654 Vehicles Sold This Year)
      General Motors Co. - Down 15.4% (226,107 Vehicles Sold This Month, 1,640,553 Vehicles Sold This Year)
      Volvo Car USA, LLC - Down 18.8% (6,967 Vehicles Sold This Month, 41,072 Vehicles Sold This Year)
      Hyundai Motor America - Down 27.9% (54,063 Vehicles Sold This Month, 400,423 Vehicles Sold This Year)

      Maserati North America, Inc. - 
      Mercedes-Benz USA - 

      Brands:
      Acura - Up 3.7% (14,177 Vehicles Sold This Month, 88,048 Vehicles Sold This Year)
      Alfa Romeo - Up 2,749% (1,225 Vehicles Sold This Month, 4,944 Vehicles Sold This Year)
      Audi - Up 2.5% (18,824 Vehicles Sold This Month, 121,795 Vehicles Sold This Year)
      BMW - Down 14.8% (21,965 Vehicles Sold This Month, 171,051 Vehicles Sold This Year)
      Buick - Down 30.5% (15,966 Vehicles Sold This Month, 126,282 Vehicles Sold This Year)
      Cadillac - Down 21.7% (11,227 Vehicles Sold This Month, 83,300 Vehicles Sold This Year)
      Chevrolet - Down 15.3% (151,502 Vehicles Sold This Month, 1,120,384 Vehicles Sold This Year)
      Chrysler - Down 30% (13,303 Vehicles Sold This Month, 115,398 Vehicles Sold This Year)
      Dodge - Down 12% (31,264 Vehicles Sold This Month, 292,244 Vehicles Sold This Year)
      Fiat - Down 18% (2,244 Vehicles Sold This Month, 16,926 Vehicles Sold This Year)
      Ford - Down 7.7% (191,337 Vehicles Sold This Month, 1,436,102 Vehicles Sold This Year)
      Genesis - N/A (1,644 Vehicles Sold This Month, 11,563 Vehicles Sold This Year)
      GMC - Down 7.3% (47,412 Vehicles Sold This Month, 310,587 Vehicles Sold This Year)
      Honda - Down 1.7% (136,803 Vehicles Sold This Month, 854,818 Vehicles Sold This Year)
      Hyundai - Down 30.1% (52,419 Vehicles Sold This Month, 388,860 Vehicles Sold This Year)
      Infiniti - Up 9% (10,840 Vehicles Sold This Month, 89,983 Vehicles Sold This Year)
      Jaguar - Down 7% (3,166 Vehicles Sold This Month, 23,831 Vehicles Sold This Year)
      Jeep - Down 12% (69,351 Vehicles Sold This Month, 475,642 Vehicles Sold This Year)
      Kia - Down 5.9% (56,403 Vehicles Sold This Month, 352,139 Vehicles Sold This Year)
      Land Rover - Down 3% (5,915 Vehicles Sold This Month, 41,754 Vehicles Sold This Year)
      Lexus - Up 3.6% (28,902 Vehicles Sold This Month, 162,662 Vehicles Sold This Year)
      Lincoln - Down 2.5% (8,875 Vehicles Sold This Month, 65,212 Vehicles Sold This Year)
      Maserati - 
      Mazda - Down 3% (27,089 Vehicles Sold This Month, 168,713 Vehicles Sold This Year)
      Mercedes-Benz - 
      MINI - Down 7.9% (4,398 Vehicles Sold This Month, 26,603 Vehicles Sold This Year)
      Mitsubishi - Up 1.7% (8,025 Vehicles Sold This Month, 62,601 Vehicles Sold This Year)
      Nissan - Down 4.1% (117,455 Vehicles Sold This Month, 858,000 Vehicles Sold This Year)
      Porsche - Up 0.6% (3,901 Vehicles Sold This Month, 31,469 Vehicles Sold This Year)
      Ram Trucks - 0% (44,090 Vehicles Sold This Month, 323,685 Vehicles Sold This Year)
      Smart - 
      Subaru - Up 6.9% (55,703 Vehicles Sold This Month, 360,513 Vehicles Sold This Year)
      Toyota - Up 3.6% (193,155 Vehicles Sold This Month, 1,214,560 Vehicles Sold This Year)
      Volkswagen - Down 5.8% (27,091 Vehicles Sold This Month, 188,329 Vehicles Sold This Year)
      Volvo - Down 18.8% (6,967 Vehicles Sold This Month, 41,072 Vehicles Sold This Year)
      *Mercedes-Benz's sales numbers include Mercedes-Benz Vans.

      View full article
    • By William Maley
      Subaru of America, Inc. - Up 6.9% (55,703 Vehicles Sold This Month, 360,513 Vehicles Sold This Year)
      Toyota Motor North America - Up 3.6% (222,057 Vehicles Sold This Month, 1,377,222 Vehicles Sold This Year)
      Audi of America - Up 2.5% (18,824 Vehicles Sold This Month, 121,795 Vehicles Sold This Year)
      Mitsubishi Motors North America - Up 1.7% (8,025 Vehicles Sold This Month, 62,601 Vehicles Sold This Year)
      Porsche Cars North America, Inc. - Up 0.6% (3,901 Vehicles Sold This Month, 31,469 Vehicles Sold This Year)
      American Honda Motor Co. - Down 1.2% (150,980 Vehicles Sold This Month, 942,866 Vehicles Sold This Year)
      Mazda North American Operations - Down 3% (27,089 Vehicles Sold This Month, 168,713 Vehicles Sold This Year)
      Nissan Group - Down 3.2% (128,295 Vehicles Sold This Month, 947,983 Vehicles Sold This Year)
      Jaguar Land Rover North America - Down 4% (9,081 Vehicles Sold This Month, 65,585 Vehicles Sold This Year)
      Volkswagen of America - Down 5.8% (27,091 Vehicles Sold This Month, 188,329 Vehicles Sold This Year)
      Kia Motors America - Down 5.9% (56,403 Vehicles Sold This Month, 352,139 Vehicles Sold This Year)
      Ford Motor Company -  Down 7.5% (200,212 Vehicles Sold This Month, 1,501,314 Vehicles Sold This Year)
      FCA US LLC - Down 10% (161,477 Vehicles Sold This Month, 1,228,839 Vehicles Sold This Year)
      BMW Group U.S. - Down 13.7% (26,363 Vehicles Sold This Month, 197,654 Vehicles Sold This Year)
      General Motors Co. - Down 15.4% (226,107 Vehicles Sold This Month, 1,640,553 Vehicles Sold This Year)
      Volvo Car USA, LLC - Down 18.8% (6,967 Vehicles Sold This Month, 41,072 Vehicles Sold This Year)
      Hyundai Motor America - Down 27.9% (54,063 Vehicles Sold This Month, 400,423 Vehicles Sold This Year)

      Maserati North America, Inc. - 
      Mercedes-Benz USA - 

      Brands:
      Acura - Up 3.7% (14,177 Vehicles Sold This Month, 88,048 Vehicles Sold This Year)
      Alfa Romeo - Up 2,749% (1,225 Vehicles Sold This Month, 4,944 Vehicles Sold This Year)
      Audi - Up 2.5% (18,824 Vehicles Sold This Month, 121,795 Vehicles Sold This Year)
      BMW - Down 14.8% (21,965 Vehicles Sold This Month, 171,051 Vehicles Sold This Year)
      Buick - Down 30.5% (15,966 Vehicles Sold This Month, 126,282 Vehicles Sold This Year)
      Cadillac - Down 21.7% (11,227 Vehicles Sold This Month, 83,300 Vehicles Sold This Year)
      Chevrolet - Down 15.3% (151,502 Vehicles Sold This Month, 1,120,384 Vehicles Sold This Year)
      Chrysler - Down 30% (13,303 Vehicles Sold This Month, 115,398 Vehicles Sold This Year)
      Dodge - Down 12% (31,264 Vehicles Sold This Month, 292,244 Vehicles Sold This Year)
      Fiat - Down 18% (2,244 Vehicles Sold This Month, 16,926 Vehicles Sold This Year)
      Ford - Down 7.7% (191,337 Vehicles Sold This Month, 1,436,102 Vehicles Sold This Year)
      Genesis - N/A (1,644 Vehicles Sold This Month, 11,563 Vehicles Sold This Year)
      GMC - Down 7.3% (47,412 Vehicles Sold This Month, 310,587 Vehicles Sold This Year)
      Honda - Down 1.7% (136,803 Vehicles Sold This Month, 854,818 Vehicles Sold This Year)
      Hyundai - Down 30.1% (52,419 Vehicles Sold This Month, 388,860 Vehicles Sold This Year)
      Infiniti - Up 9% (10,840 Vehicles Sold This Month, 89,983 Vehicles Sold This Year)
      Jaguar - Down 7% (3,166 Vehicles Sold This Month, 23,831 Vehicles Sold This Year)
      Jeep - Down 12% (69,351 Vehicles Sold This Month, 475,642 Vehicles Sold This Year)
      Kia - Down 5.9% (56,403 Vehicles Sold This Month, 352,139 Vehicles Sold This Year)
      Land Rover - Down 3% (5,915 Vehicles Sold This Month, 41,754 Vehicles Sold This Year)
      Lexus - Up 3.6% (28,902 Vehicles Sold This Month, 162,662 Vehicles Sold This Year)
      Lincoln - Down 2.5% (8,875 Vehicles Sold This Month, 65,212 Vehicles Sold This Year)
      Maserati - 
      Mazda - Down 3% (27,089 Vehicles Sold This Month, 168,713 Vehicles Sold This Year)
      Mercedes-Benz - 
      MINI - Down 7.9% (4,398 Vehicles Sold This Month, 26,603 Vehicles Sold This Year)
      Mitsubishi - Up 1.7% (8,025 Vehicles Sold This Month, 62,601 Vehicles Sold This Year)
      Nissan - Down 4.1% (117,455 Vehicles Sold This Month, 858,000 Vehicles Sold This Year)
      Porsche - Up 0.6% (3,901 Vehicles Sold This Month, 31,469 Vehicles Sold This Year)
      Ram Trucks - 0% (44,090 Vehicles Sold This Month, 323,685 Vehicles Sold This Year)
      Smart - 
      Subaru - Up 6.9% (55,703 Vehicles Sold This Month, 360,513 Vehicles Sold This Year)
      Toyota - Up 3.6% (193,155 Vehicles Sold This Month, 1,214,560 Vehicles Sold This Year)
      Volkswagen - Down 5.8% (27,091 Vehicles Sold This Month, 188,329 Vehicles Sold This Year)
      Volvo - Down 18.8% (6,967 Vehicles Sold This Month, 41,072 Vehicles Sold This Year)
      *Mercedes-Benz's sales numbers include Mercedes-Benz Vans.
    • By William Maley
      Great Britain is planning to ban the sale of conventional gas and diesel vehicles from 2040 to help reduce air pollution. The government announced this in a paper published by the Department for Environment, Food and Rural Affairs (DEFRA).
      "There should be no new diesel or petrol vehicles by 2040," said environment minister Michael Gove to BBC Radio.
      This is part of the government's £2.7bn blueprint for tackling air pollution. This includes investments going towards building out a charging infrastructure, more efficient public transport, and promoting walking and bicycling. It needs to be noted that the ban will not affect models with hybrid and plug-in hybrid drivetrains - early reports said all gas and diesel vehicles would be banned. 
      This announcement comes a few weeks after France made a similar announcement to ban gas vehicles by 2040.
      Source: Reuters
  • My Clubs

  • Who's Online (See full list)