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Found 999 results

  1. Cadillac is offering 400 of its smallest dealers a buyout if they don't want to be part of the ambitious and contentious Project Pinnacle. Automotive News reports the offers will range from $100,000 to $180,000. The dealers eligible for the buyout sold less than 50 new Cadillac models in 2015. While the 400 dealers make up 43 percent of Cadillac's total number of dealers in the U.S. (around 925), this group only made up 9 percent of total sales last year. Cadillac President Johan de Nysschen said the buyouts is to give those an alternative who don't want to forward with the new program. “This is going to be a long, arduous and challenging journey and certainly not one for the faint-hearted. Some people may choose to make life a little easier than what lies ahead,” said de Nysschen. de Nysschen did say while Cadillac has too many dealers compared to their rivals, the buyout program isn't meant to be seen as a way to get rid of low-volume dealers. Project Pinnacle is a new incentive program that will separate dealers into five tiers based on sales volume. Each tier offers a varying level of customer perk along with different requirements for services and facilities. For example, small stores cannot stock vehicles on site. Instead, they would offer a virtual showroom for customers to explore and order a vehicle. This program has gotten backlash from dealer groups, saying it would violate franchise laws and be unfair to the smaller dealers. Those who have been offered the buyout have until November 21st to either take it or move forward with Project Pinnacle, which is expected to begin January 1st. Source: Automotive News (Subscription Required) View full article
  2. The automotive industry in the U.S. has been enjoying one of the best years in terms of sales. But one segment is seeing a drop in their sales. That segment is the midsize sedan. Automotive News reports that the demand for midsize sedans is at a five-year low. The numbers tell this sad story. In the first quarter of 2016, sales of midsize sedans dropped 3.4 percent. The second quarter saw sales dropped 13 percent, while the third quarter saw a whopping 21 percent drop. For the month August, all 16 midsize sedans saw an average drop of 27 percent. The Ford Fusion, Hyundai Sonata, Kia Optima, and Nissan Altima reported drops of over 30 percent. Automakers have been throwing money on the hoods of their midsize sedans to try and ignite sales. But this tactic isn't working. Why are midsize sedan sales down? It comes down to consumers wanting crossovers and SUVs. "It doesn't matter how deep you discount the leisure suit and bell-bottoms -- nobody's going to buy them if they're not fashionable. I don't think they're ever going to go away, but there's a lot more people who don't consider them anymore," said Eric Lyman, vice president of industry insights at TrueCar. The outlook for midsize sedan sales doesn't look good as we enter fall and winter. "That larger sedan buyer just sees more value in the SUVs or CUVs," said Mike DeSilva, co-owner of Liberty Hyundai in Mahwah, N.J. "That's just where the activity is. And heading into the end of summer and going into winter, we're really going to get into SUV season." Source: Automotive News (Subscription Required) View full article
  3. Cadillac is offering 400 of its smallest dealers a buyout if they don't want to be part of the ambitious and contentious Project Pinnacle. Automotive News reports the offers will range from $100,000 to $180,000. The dealers eligible for the buyout sold less than 50 new Cadillac models in 2015. While the 400 dealers make up 43 percent of Cadillac's total number of dealers in the U.S. (around 925), this group only made up 9 percent of total sales last year. Cadillac President Johan de Nysschen said the buyouts is to give those an alternative who don't want to forward with the new program. “This is going to be a long, arduous and challenging journey and certainly not one for the faint-hearted. Some people may choose to make life a little easier than what lies ahead,” said de Nysschen. de Nysschen did say while Cadillac has too many dealers compared to their rivals, the buyout program isn't meant to be seen as a way to get rid of low-volume dealers. Project Pinnacle is a new incentive program that will separate dealers into five tiers based on sales volume. Each tier offers a varying level of customer perk along with different requirements for services and facilities. For example, small stores cannot stock vehicles on site. Instead, they would offer a virtual showroom for customers to explore and order a vehicle. This program has gotten backlash from dealer groups, saying it would violate franchise laws and be unfair to the smaller dealers. Those who have been offered the buyout have until November 21st to either take it or move forward with Project Pinnacle, which is expected to begin January 1st. Source: Automotive News (Subscription Required)
  4. 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
  5. It slices! It dices! No, we're not trying to sell you a set of knives. This is the best way to describe Volkswagen's strategy for the U.S.; price cuts. Bloomberg reports that Volkswagen will be changing their strategy in the U.S. to become more mass-market in the U.S. This will mean a wider product range and lower prices. The hope is the strategy can reverse a downward spiral in U.S. sales that has been taking place before the diesel scandal broke. Volkswagen for many hasn't been able to crack the U.S. market. Despite becoming the world's largest automaker in terms of sales this year and making up 10 percent of total automobile sales in Europe, Volkswagen has been a blip in the U.S. In the past ten years, Volkswagen has never gotten up to 5 percent of U.S. (At the moment, Volkswagen only makes up 1.7 percent of total U.S. auto sales). The German automaker has tried making the Jetta cheaper and making a Passat for the U.S., which hasn't gotten them anywhere. It doesn't help that Volkswagen has missed the boat with growing demand for crossovers in the U.S. “Volkswagen is facing an uphill battle to revive the brand in the U.S. Volkswagen is struggling with the loser image of the past, and now in the present the brand is burned. They need a good story that assures people it’s really a new start. Just adding another SUV won’t do it,” said Ferdinand Dudenhoeffer, director of the Center for Automotive Research at the University of Duisburg-Essen. We don't think going for a mass-market plan is a good idea either at the moment. But who knows, it could be the thing that saves VW. Source: Bloomberg View full article
  6. The automotive industry in the U.S. has been enjoying one of the best years in terms of sales. But one segment is seeing a drop in their sales. That segment is the midsize sedan. Automotive News reports that the demand for midsize sedans is at a five-year low. The numbers tell this sad story. In the first quarter of 2016, sales of midsize sedans dropped 3.4 percent. The second quarter saw sales dropped 13 percent, while the third quarter saw a whopping 21 percent drop. For the month August, all 16 midsize sedans saw an average drop of 27 percent. The Ford Fusion, Hyundai Sonata, Kia Optima, and Nissan Altima reported drops of over 30 percent. Automakers have been throwing money on the hoods of their midsize sedans to try and ignite sales. But this tactic isn't working. Why are midsize sedan sales down? It comes down to consumers wanting crossovers and SUVs. "It doesn't matter how deep you discount the leisure suit and bell-bottoms -- nobody's going to buy them if they're not fashionable. I don't think they're ever going to go away, but there's a lot more people who don't consider them anymore," said Eric Lyman, vice president of industry insights at TrueCar. The outlook for midsize sedan sales doesn't look good as we enter fall and winter. "That larger sedan buyer just sees more value in the SUVs or CUVs," said Mike DeSilva, co-owner of Liberty Hyundai in Mahwah, N.J. "That's just where the activity is. And heading into the end of summer and going into winter, we're really going to get into SUV season." Source: Automotive News (Subscription Required)
  7. Jaguar Land Rover North America - Up 46.5% (9,329 Vehicles Sold This Month, 66,441 Vehicles Sold So Far This Year) Volvo Cars of North America, LLC - Up 30.9% (7,682 Vehicles Sold This Month, 52,892 Vehicles Sold So Far This Year) Subaru of America, Inc. - Up 14.7% (60,418 Vehicles Sold This Month, 391,969 Vehicles Sold So Far This Year) FCA US LLC - Up 3% (196,756 Vehicles Sold This Month, 1,531,247 Vehicles Sold So Far This Year) Audi of America - Up 2.5% (19,264 Vehicles Sold This Month, 134,562 Vehicles Sold So Far This Year) Mercedes-Benz USA - Up 2.1% (31,909 Vehicles Sold This Month, 245,329 Vehicles Sold So Far This Year) Hyundai Motor America - 0% (72,015 Vehicles Sold This Month, 521,078 Vehicles Sold So Far This Year) American Honda Motor Co. - Down 3.8% (149,571 Vehicles Sold This Month, 1,094,725 Vehicles Sold So Far This Year) Toyota Motor Sales - Down 5% (213,125 Vehicles Sold This Month, 1,625,158 Vehicles Sold So Far This Year) General Motors Co. - Down 5.2% (256,429 Vehicles Sold This Month, 1,962,602 Vehicles Sold So Far This Year) Nissan North America - Down 6.5% (124,638 Vehicles Sold This Month, 1,055,227 Vehicles Sold So Far This Year) BMW Group U.S. - Down 7.2% (30,500 Vehicles Sold This Month, 239,631 Vehicles Sold So Far This Year) Kia Motors America - Down 7.9% (54,248 Vehicles Sold This Month, 442,544 Vehicles Sold So Far This Year) Ford Motor Company - Down 8.4% (214,482 Vehicles Sold This Month, 1,784,009 Vehicles Sold So Far This Year) Volkswagen of America - Down 9.12% (29,384 Vehicles Sold This Month, 207,156 Vehicles Sold So Far This Year) Mitsubishi Motors North America - Down 11.5% (7,336 Vehicles Sold This Month, 67,160 Vehicles Sold So Far This Year) Mazda North American Operations - Down 12.8% (26,109 Vehicles Sold This Month, 199,378 Vehicles Sold So Far This Year) Maserati North America, Inc. - Down 23.1% (958 Vehicles Sold This Month, 6,971 Vehicles Sold So Far This Year) Porsche Cars North America, Inc. - Brands: Acura - Down 7% (14,246 Vehicles Sold This Month, 106,914 Vehicles Sold So Far This Year) Alfa Romeo - Down 62% (37 Vehicles Sold This Month, 376 Vehicles Sold So Far This Year) Audi - Up 2.5% (19,264 Vehicles Sold This Month, 134,562 Vehicles Sold So Far This Year) BMW - Down 8% (25,531 Vehicles Sold This Month, 204,744 Vehicles Sold So Far This Year) Buick - Down 2.7% (21,678 Vehicles Sold This Month, 148,845 Vehicles Sold So Far This Year) Cadillac - Up 3.9% (16,346 Vehicles Sold This Month, 103,918 Vehicles Sold So Far This Year) Chevrolet - Down 3.9% (175,965 Vehicles Sold This Month, 1,361,675 Vehicles Sold So Far This Year) Chrysler - Down 22% (18,753 Vehicles Sold This Month, 168,774 Vehicles Sold So Far This Year) Dodge - Up 5% (44,340 Vehicles Sold This Month, 356,660 Vehicles Sold So Far This Year) Fiat - Down 21% (2,732 Vehicles Sold This Month, 22,015 Vehicles Sold So Far This Year) Ford - Down 9% (205,239 Vehicles Sold This Month, 1,712,371 Vehicles Sold So Far This Year) Genesis - 0% (1,497 Vehicles Sold This Month, 1,497 Vehicles Sold So Far This Year) GMC - Down 14% (42,440 Vehicles Sold This Month, 348,164 Vehicles Sold So Far This Year) Honda - Down 3.5% (135,325 Vehicles Sold This Month, 987,811 Vehicles Sold So Far This Year) Hyundai - Down 2.1% (70,518 Vehicles Sold This Month, 519,581 Vehicles Sold So Far This Year) Infiniti - Down 1.8% (10,439 Vehicles Sold This Month, 85,362 Vehicles Sold So Far This Year) Jaguar - Up 188.5% (3,298 Vehicles Sold This Month, 17,687 Vehicles Sold So Far This Year) Jeep - Up 12% (86,468 Vehicles Sold This Month, 639,393 Vehicles Sold So Far This Year) Kia - Down 7.9% (54,248 Vehicles Sold This Month, 442,544 Vehicles Sold So Far This Year) Land Rover - Up 15.4% (6,031 Vehicles Sold This Month, 48,754 Vehicles Sold So Far This Year) Lexus - Down 7.6% (30,938 Vehicles Sold This Month, 210,392 Vehicles Sold So Far This Year) Lincoln - Up 7% (9,243 Vehicles Sold This Month, 71,638 Vehicles Sold So Far This Year) Maserati - Down 23.1% (958 Vehicles Sold This Month, 6,971 Vehicles Sold So Far This Year) Mazda - Down 12.8% (26,109 Vehicles Sold This Month, 199,378 Vehicles Sold So Far This Year) Mercedes-Benz - Up 0.1% (28,404 Vehicles Sold This Month, 219,704 Vehicles Sold So Far This Year) MINI - Down 2.7% (4,969 Vehicles Sold This Month, 34,887 Vehicles Sold So Far This Year) Mitsubishi - Down 11.5% (7,336 Vehicles Sold This Month, 67,160 Vehicles Sold So Far This Year) Nissan - Down 6.9% (114,199 Vehicles Sold This Month, 969,865 Vehicles Sold So Far This Year) Porsche - Ram - Up 2% (44,426 Vehicles Sold This Month, 344,029 Vehicles Sold So Far This Year) smart - Down 42.8% (353 Vehicles Sold This Month, 3,439 Vehicles Sold So Far This Year) Sprinter - Down 39.5% (3,152 Vehicles Sold This Month, 22,186 Vehicles Sold So Far This Year) Subaru - Up 14.7% (60,418 Vehicles Sold This Month, 391,969 Vehicles Sold So Far This Year) Toyota - Down 4.6% (182,187 Vehicles Sold This Month, 1,414,766 Vehicles Sold So Far This Year) Volkswagen - Down 9.12% (29,384 Vehicles Sold This Month, 207,156 Vehicles Sold So Far This Year) Volvo - Up 30.9% (7,682 Vehicles Sold This Month, 52,892 Vehicles Sold So Far This Year) View full article
  8. If you think the Fiat Chrysler Automobiles' sales probe couldn't take an unexpected turn, then you would be wrong. The Wall Street Journal reports that federal investigators are asking questions about a phrase that was used by various executives to dealers and regional sales managers. According to sources, executives at FCA would use the phrase “unnatural acts department” during conference calls and one-on-one conversations. This phrase was to convey to dealers and regional sales managers to get more sales before the end of the month. Such solutions included selling vehicles at a loss or asking dealers to buy a number of vehicles that would be used for test-drives with customers. Investigators are trying to figure out if the phrase was used a way to rally the troops to meet sales targets or a key piece of evidence of whether or not FCA executives deceived the public by using this phrase to tell dealers to falsify sales numbers. As we reported back in July, FCA is currently under investigation by the U.S. Department of Justice and Securities and Exchange Commission over their sales reporting practices. The investigation stems from dealers in Florida and Illinois suing the company for falsifying sales numbers. In the same month, FCA admitted the sales streak that supposedly lasted for 75 months only lasted for 40 months. The company also changed how it reported sales numbers. Source: The Wall Street Journal View full article
  9. If you think the Fiat Chrysler Automobiles' sales probe couldn't take an unexpected turn, then you would be wrong. The Wall Street Journal reports that federal investigators are asking questions about a phrase that was used by various executives to dealers and regional sales managers. According to sources, executives at FCA would use the phrase “unnatural acts department” during conference calls and one-on-one conversations. This phrase was to convey to dealers and regional sales managers to get more sales before the end of the month. Such solutions included selling vehicles at a loss or asking dealers to buy a number of vehicles that would be used for test-drives with customers. Investigators are trying to figure out if the phrase was used a way to rally the troops to meet sales targets or a key piece of evidence of whether or not FCA executives deceived the public by using this phrase to tell dealers to falsify sales numbers. As we reported back in July, FCA is currently under investigation by the U.S. Department of Justice and Securities and Exchange Commission over their sales reporting practices. The investigation stems from dealers in Florida and Illinois suing the company for falsifying sales numbers. In the same month, FCA admitted the sales streak that supposedly lasted for 75 months only lasted for 40 months. The company also changed how it reported sales numbers. Source: The Wall Street Journal
  10. Mitsubishi Motors Reports August Sales CYPRESS, Calif., Sept. 1, 2016 /PRNewswire/ -- Mitsubishi Motors North America, Inc. (MMNA) today reported August 2016 sales of 7,336 down 11.5 percent from August of 2015. August YTD 2016 2015 2016 2015 i‐MiEV 25 6 65 90 Mirage 1541 1569 15994 16623 Lancer 1089 1240 10616 13154 Outlander Sport 2572 3286 22948 24421 Outlander 2109 2188 17537 11413 Total 7336 8289 67160 65701
  11. Volvo Posts Fourteen Months of Consecutive Double Digit Sales Growth ROCKLEIGH, N.J. (Sept. 1, 2016) - Volvo Car USA, LLC, (VCUSA) reported U.S. sales of 7,682 vehicles, a 30.9 percent increase versus August 2015 and marking the fourteenth consecutive month the company posted double digit sales growth. Year-to-date sales are up 29.5 percent year-over-year. Sales for the month of August were led by the award-winning XC90 luxury SUV with 2,859 vehicles sold. The XC60 followed in the second spot with 1,847 vehicles sold. “In addition to strong XC90 sales, we are now seeing the first S90 sedans starting to arrive to our dealerships,” said Lex Kerssemakers, President and CEO, Volvo Car USA. “Today also marks the start of our national advertising campaign for S90, ‘Song of the Open Road’ which will continue the momentum on our transformation journey.” Models August 2016 August 2015 % Year To Date 2016 Year To Date 2015 % S60 1,109 1,473 -24.7 % 8,755 11,283 -22.4 % S60 CC 40 50 -20.0 % 400 50 700.0 % S80 99 60 65.0 % 500 1,018 -50.9 % S90 194 0 100.0 % 451 0 100.0 % V60 342 289 18.3 % 2,459 3,157 -22.1 % V60 CC 414 273 51.6 % 1,878 1,766 6.3 % XC60 1,847 2,361 -21.8 % 12,770 16,417 -22.2 % XC70 778 445 74.8 % 3,919 3,497 12.1 % XC90 0 0 - - 112 - All-New XC90 2,859 918 211.4 % 21,760 3,547 513.5 % C70 0 0 - - 7 - Total 7,682 5,869 30.9 % 52,892 40,854 29.5 % * I, II, III etc shows which generation the car model belongs to.
  12. Sales Figure Ticker: August 2016

    Jaguar Land Rover North America - Up 46.5% (9,329 Vehicles Sold This Month, 66,441 Vehicles Sold So Far This Year) Volvo Cars of North America, LLC - Up 30.9% (7,682 Vehicles Sold This Month, 52,892 Vehicles Sold So Far This Year) Subaru of America, Inc. - Up 14.7% (60,418 Vehicles Sold This Month, 391,969 Vehicles Sold So Far This Year) FCA US LLC - Up 3% (196,756 Vehicles Sold This Month, 1,531,247 Vehicles Sold So Far This Year) Audi of America - Up 2.5% (19,264 Vehicles Sold This Month, 134,562 Vehicles Sold So Far This Year) Mercedes-Benz USA - Up 2.1% (31,909 Vehicles Sold This Month, 245,329 Vehicles Sold So Far This Year) Hyundai Motor America - 0% (72,015 Vehicles Sold This Month, 521,078 Vehicles Sold So Far This Year) American Honda Motor Co. - Down 3.8% (149,571 Vehicles Sold This Month, 1,094,725 Vehicles Sold So Far This Year) Toyota Motor Sales - Down 5% (213,125 Vehicles Sold This Month, 1,625,158 Vehicles Sold So Far This Year) General Motors Co. - Down 5.2% (256,429 Vehicles Sold This Month, 1,962,602 Vehicles Sold So Far This Year) Nissan North America - Down 6.5% (124,638 Vehicles Sold This Month, 1,055,227 Vehicles Sold So Far This Year) BMW Group U.S. - Down 7.2% (30,500 Vehicles Sold This Month, 239,631 Vehicles Sold So Far This Year) Kia Motors America - Down 7.9% (54,248 Vehicles Sold This Month, 442,544 Vehicles Sold So Far This Year) Ford Motor Company - Down 8.4% (214,482 Vehicles Sold This Month, 1,784,009 Vehicles Sold So Far This Year) Volkswagen of America - Down 9.12% (29,384 Vehicles Sold This Month, 207,156 Vehicles Sold So Far This Year) Mitsubishi Motors North America - Down 11.5% (7,336 Vehicles Sold This Month, 67,160 Vehicles Sold So Far This Year) Mazda North American Operations - Down 12.8% (26,109 Vehicles Sold This Month, 199,378 Vehicles Sold So Far This Year) Maserati North America, Inc. - Down 23.1% (958 Vehicles Sold This Month, 6,971 Vehicles Sold So Far This Year) Porsche Cars North America, Inc. - Brands: Acura - Down 7% (14,246 Vehicles Sold This Month, 106,914 Vehicles Sold So Far This Year) Alfa Romeo - Down 62% (37 Vehicles Sold This Month, 376 Vehicles Sold So Far This Year) Audi - Up 2.5% (19,264 Vehicles Sold This Month, 134,562 Vehicles Sold So Far This Year) BMW - Down 8% (25,531 Vehicles Sold This Month, 204,744 Vehicles Sold So Far This Year) Buick - Down 2.7% (21,678 Vehicles Sold This Month, 148,845 Vehicles Sold So Far This Year) Cadillac - Up 3.9% (16,346 Vehicles Sold This Month, 103,918 Vehicles Sold So Far This Year) Chevrolet - Down 3.9% (175,965 Vehicles Sold This Month, 1,361,675 Vehicles Sold So Far This Year) Chrysler - Down 22% (18,753 Vehicles Sold This Month, 168,774 Vehicles Sold So Far This Year) Dodge - Up 5% (44,340 Vehicles Sold This Month, 356,660 Vehicles Sold So Far This Year) Fiat - Down 21% (2,732 Vehicles Sold This Month, 22,015 Vehicles Sold So Far This Year) Ford - Down 9% (205,239 Vehicles Sold This Month, 1,712,371 Vehicles Sold So Far This Year) Genesis - 0% (1,497 Vehicles Sold This Month, 1,497 Vehicles Sold So Far This Year) GMC - Down 14% (42,440 Vehicles Sold This Month, 348,164 Vehicles Sold So Far This Year) Honda - Down 3.5% (135,325 Vehicles Sold This Month, 987,811 Vehicles Sold So Far This Year) Hyundai - Down 2.1% (70,518 Vehicles Sold This Month, 519,581 Vehicles Sold So Far This Year) Infiniti - Down 1.8% (10,439 Vehicles Sold This Month, 85,362 Vehicles Sold So Far This Year) Jaguar - Up 188.5% (3,298 Vehicles Sold This Month, 17,687 Vehicles Sold So Far This Year) Jeep - Up 12% (86,468 Vehicles Sold This Month, 639,393 Vehicles Sold So Far This Year) Kia - Down 7.9% (54,248 Vehicles Sold This Month, 442,544 Vehicles Sold So Far This Year) Land Rover - Up 15.4% (6,031 Vehicles Sold This Month, 48,754 Vehicles Sold So Far This Year) Lexus - Down 7.6% (30,938 Vehicles Sold This Month, 210,392 Vehicles Sold So Far This Year) Lincoln - Up 7% (9,243 Vehicles Sold This Month, 71,638 Vehicles Sold So Far This Year) Maserati - Down 23.1% (958 Vehicles Sold This Month, 6,971 Vehicles Sold So Far This Year) Mazda - Down 12.8% (26,109 Vehicles Sold This Month, 199,378 Vehicles Sold So Far This Year) Mercedes-Benz - Up 0.1% (28,404 Vehicles Sold This Month, 219,704 Vehicles Sold So Far This Year) MINI - Down 2.7% (4,969 Vehicles Sold This Month, 34,887 Vehicles Sold So Far This Year) Mitsubishi - Down 11.5% (7,336 Vehicles Sold This Month, 67,160 Vehicles Sold So Far This Year) Nissan - Down 6.9% (114,199 Vehicles Sold This Month, 969,865 Vehicles Sold So Far This Year) Porsche - Ram - Up 2% (44,426 Vehicles Sold This Month, 344,029 Vehicles Sold So Far This Year) smart - Down 42.8% (353 Vehicles Sold This Month, 3,439 Vehicles Sold So Far This Year) Sprinter - Down 39.5% (3,152 Vehicles Sold This Month, 22,186 Vehicles Sold So Far This Year) Subaru - Up 14.7% (60,418 Vehicles Sold This Month, 391,969 Vehicles Sold So Far This Year) Toyota - Down 4.6% (182,187 Vehicles Sold This Month, 1,414,766 Vehicles Sold So Far This Year) Volkswagen - Down 9.12% (29,384 Vehicles Sold This Month, 207,156 Vehicles Sold So Far This Year) Volvo - Up 30.9% (7,682 Vehicles Sold This Month, 52,892 Vehicles Sold So Far This Year)
  13. Kia Motors America Announces August Sales Year-To-Date Sales Up 3.8% for the Highest Scoring Nameplate in the Industry for Initial Quality by J.D. Power IRVINE, Calif., Sept. 1, 2016 /PRNewswire/ -- Kia Motors America (KMA) today announced August sales of 54,248 units, led by Soul and Optima. Sedona minivan sales more than doubled over the same period last year, and the Forte family of compact cars posted their best-ever August sales. "Despite signs that industry-wide sales may have peaked in 2015, Kia is up nearly four percent through August on the strength of double digit year-over-year increases for Rio, Forte, Sportage and Sedona," said Michael Sprague, chief operating officer and EVP, KMA. MONTH OF AUGUST YEAR-TO-DATE Model 2016 2015 2016 2015 Rio 3,325 1,734 22,024 18,796 Forte 8,307 6,862 71,352 57,912 Optima 9,470 13,980 80,317 106,584 Cadenza 272 322 3,363 4,021 K900 53 386 553 1,576 Sportage 6,888 5,749 57,228 34,996 Sorento 8,533 10,211 77,465 76,381 Sedona 5,147 2,545 34,304 26,825 Soul 12,253 17,108 95,938 99,069 Total 54,248 58,897 442,544 426,160
  14. Hyundai Motor America Reports August Sales FOUNTAIN VALLEY, Calif., Sept. 1, 2016 /PRNewswire/ -- Riding the wave of hot CUV sales, Hyundai Motor America delivered its best August ever with sales up fractionally over one year ago while the company's luxury division kicked off sales of its new Genesis G80 mid-luxury sedan. Hyundai Division posts sales of 70,518 units "Strong performances by our family of CUVs led us to our best August ever," said Derrick Hatami, vice president of national sales for Hyundai Motor America. "It's a similar story to the past couple of months we see continuing as the summer draws to a close." Santa Fe (up 69 percent), Santa Fe Sport (up 21 percent), and Tucson (up 15 percent) led the way. Genesis Division posts sales of 1,497 units For the first time, the company is reporting sales of the new Genesis luxury brand. As such, sales of the G80 mid-luxury sedan and, shortly, the all-new G90 luxury sedan, will be reported individually. "It's exciting to see our first G80s being delivered to customers and we're very happy with the reception it's receiving," said Erwin Raphael, general manager of Genesis in the U.S. market. "And I expect we'll see the first G90s getting to our dealers later this month, another milestone moment for our nascent brand." SALES BY BRAND AUG/2016 AUG/2015 CY/2016 CY/2015 HYUNDAI 70,518 72,012 519,581 514,175 GENESIS 1,497 0 1,497 0 TOTAL 72,015 72,012 521,078 514,175 MODELS CARLINE AUG/2016 AUG/2015 CY/2016 CY/2015 ACCENT 8,329 4,733 54,705 44,985 SONATA 14,888 21,818 139,932 141,556 ELANTRA 20,733 22,405 137,668 173,238 SANTA FE 15,176 11,255 86,948 77,648 AZERA 398 291 3,356 4,358 TUCSON 7,608 6,609 58,000 33,151 VELOSTER 1,986 2,276 16,917 15,537 GENESIS 1,317 2,440 20,818 22,184 EQUUS 83 185 1,237 1,518 G80 1,497 0 1,497 0
  15. BMW Group U.S. Reports August 2016 Sales BMW brand sales decrease 8.0 percent MINI brand sales decrease 2.7 percent Woodcliff Lake, NJ – September 1, 2016… Sales of BMW brand vehicles decreased 8.0 percent in August for a total of 25,531 compared to 27,755 vehicles sold in August, 2015. Year-to-date, the BMW brand is down 8.3 percent in the U.S. on sales of 204,744 vehicles compared to 223,348 sold in the first eight months of 2015. Notable vehicle sales in August include the BMW 7 Series which increased to 1,230 cars, the BMW X3 which increased to 4,668 vehicles, and the BMW X5 which increased to 4,121 vehicles. “The clear trend toward Sports Activity Vehicles took a good-sized leap forward in August, as our U.S. plant again increased production and availability of the always popular BMW X3 and X5 pushing total X model sales to 44% of BMW retail in the U.S. in August,” said Ludwig Willisch, President and CEO, BMW of North America. “With the production increase, I fully expect the key SAV numbers to remain strong in the U.S. through the end of the year.” BMW Group Sales In total, the BMW Group in the U.S. (BMW and MINI combined) reported August sales of 30,500 vehicles, a decrease of 7.2 percent from the 32,864 vehicles sold in the same month a year ago. Year-to-date, BMW Group sales are down 9.2 percent on sales of 239,631 vehicles in the first eight months of 2016 compared to 263,908 in the same period in 2015. MINI Brand Sales For August, MINI USA reported 4,969 automobiles sold, a decrease of 2.7 percent from the 5,109 sold in the same month a year ago. Year-to-date, MINI USA reported a total of 34,887 automobiles sold, a decrease of 14.0 percent from 40,560 automobiles sold in the first eight months of 2015.
  16. Trucks and Compacts Star as American Honda Reports August Sales Sep 1, 2016 - TORRANCE, Calif. American Honda and Honda Division trucks have best August sales ever Honda CR-V sets 2nd consecutive all-time sales record Honda core models—Civic, Accord and CR-V—each top more than 30,000 sales Honda's smallest vehicles—Fit and HR-V—post largest gains for the brand Refreshed Acura MDX posts 8.1 percent gain to push Acura trucks up 2.5 percent in August American Honda Motor Co., Inc. today reported strong August sales of 149,571 Honda and Acura vehicles, a 3.8 percent decrease over August 2015 due in part to the lack of the Labor Day sales weekend. American Honda trucks set a new August record, rising 4.3 percent on sales of 76,140. Honda Division sales totaled 135,325 units, with Honda trucks also setting an August record, gaining 4.5 percent on sales of 66,802. Acura Division sales were down 7 percent on sales of 14,246 units, also feeling the effects of the lost weekend. However, Acura trucks were up 2.5 percent on sales of 9,338 as new models continued to fill the pipeline. Honda Honda Division's August sales almost matched the same period last year without one of the biggest holiday sales weekends of the year. Despite the handicap, CR-V continued its record-setting ways for the second straight month while all three of the brand's best-selling models (Accord, Civic and CR-V) topped 30,000 units apiece and Honda's compact HR-V and Fit posted major gains. Honda trucks posted a new August record supported by brisk sales of CR-V, HR-V and Ridgeline, while Civic and Fit drove car sales for the brand. Honda trucks set a new August record, rising 4.5 percent with sales of 66,802 units CR-V climbed 5 percent on sales of 36,517 for a 2nd consecutive all-time record HR-V sales jumped 66 percent on sales of 7,580 vehicles Civic and Fit were up 2.4 percent (32,807 sales) and 85.1 percent (5,370 sales) "Our continued success with strong sales of both passenger cars and light trucks demonstrates once again that the key to great sales is great product," said Jeff Conrad, senior vice president and general manager of the Honda Division. "As we continue with our rapid cadence of new models, our focus will remain on selling vehicles one at a time to individual customers." Acura With inventories building for the new 2017 MDX, sales continue to rise as more customers experience the bold new exterior styling and expanded complement of premium features and technologies. Adding a solid result from RDX, Acura truck sales were up 2.5 percent in August, with sedan sales held back in part due to the lost holiday weekend compared to August 2015. MDX sales increased 8.1 percent in August on sales of 5,131 units Acura trucks were up 2.5 percent overall for the month, with 9,338 vehicles sold The new NSX posted 22 sales in August as production continues to ramp up in Acura's new NSX global production facility "It's great to see Acura's Precision Crafted Performance DNA resonate with customers, as the new MDX gives luxury buyers their first taste of our new performance design direction," said Jon Ikeda, vice president and general manager of the Acura division. "Together with the launch of the amazing new NSX, a resurgent Acura Motorsports program and growing intentions from younger buyers, we continue to build strong momentum for the Acura brand." American Honda Vehicle Sales for August 2016 Month-to-Date Year-to-Date August 2016 August 2015 DSR** % Change MoM % Change August 2016 August 2015 DSR** % Change YoY % Change American Honda Total 149,571 155,491 -3.8% -3.8% 1,094,725 1,054,816 3.8% 3.8% Total Car Sales 73,431 82,483 -11.0% -11.0% 564,425 542,210 4.1% 4.1% Total Truck Sales 76,140 73,008 4.3% 4.3% 530,300 512,606 3.5% 3.5% Honda Total Car Sales 68,523 76,281 -10.2% -10.2% 526,962 498,695 5.7% 5.7% Honda Total Truck Sales 66,802 63,897 4.5% 4.5% 460,849 438,806 5.0% 5.0% Acura Total Car Sales 4,908 6,202 -20.9% -20.9% 37,463 43,515 -13.9% -13.9% Acura Total Truck Sales 9,338 9,111 2.5% 2.5% 69,451 73,800 -5.9% -5.9% Total Domestic Car Sales 67,054 81,873 -18.1% -18.1% 524,739 537,277 -2.3% -2.3% Honda Division 62,265 75,859 -17.9% -17.9% 488,231 495,393 -1.4% -1.4% Acura Division 4,789 6,014 -20.4% -20.4% 36,508 41,884 -12.8% -12.8% Total Domestic Truck Sales 76,140 73,008 4.3% 4.3% 530,300 512,601 3.5% 3.5% Honda Division 66,802 63,897 4.5% 4.5% 460,849 438,801 5.0% 5.0% Acura Division 9,338 9,111 2.5% 2.5% 69,451 73,800 -5.9% -5.9% Total Import Car Sales 6,377 610 945.4% 945.4% 39,686 4,933 704.5% 704.5% Honda Division 6,258 422 1,382.9% 1,382.9% 38,731 3,302 1,073.0% 1,073.0% Acura Division 119 188 -36.7% -36.7% 955 1,631 -41.4% -41.4% Total Import Truck Sales 0 0 0.0% 0.0% 0 5 -100.0% -100.0% Honda Division 0 0 0.0% 0.0% 0 5 -100.0% -100.0% Acura Division 0 0 0.0% 0.0% 0 0 0.0% 0.0% MODEL BREAKOUT BY DIVISION Honda Division Total 135,325 140,178 -3.5% -3.5% 987,811 937,501 5.4% 5.4% * ACCORD 30,115 40,931 -26.4% -26.4% 231,415 231,173 0.1% 0.1% * CIVIC 32,807 32,031 2.4% 2.4% 255,599 221,471 15.4% 15.4% CR-Z 222 333 -33.3% -33.3% 1,699 1,895 -10.3% -10.3% * FIT 5,370 2,901 85.1% 85.1% 38,187 42,867 -10.9% -10.9% INSIGHT 9 85 -89.4% -89.4% 62 1,289 -95.2% -95.2% CROSSTOUR 7 930 -99.2% -99.2% 720 6,450 -88.8% -88.8% * CR-V 36,517 34,771 5.0% 5.0% 231,609 229,574 0.9% 0.9% HR-V 7,580 4,567 66.0% 66.0% 51,417 24,617 108.9% 108.9% ODYSSEY 9,992 13,423 -25.6% -25.6% 85,881 88,910 -3.4% -3.4% PILOT 9,269 10,202 -9.1% -9.1% 81,793 88,742 -7.8% -7.8% RIDGELINE 3,437 4 85,825.0% 85,825.0% 9,429 513 1,738.0% 1,738.0% *** Memo: Accord FHEV 890 1,369 -35.0% -35.0% 1,720 9,257 -81.4% -81.4% Memo: Accord PHEV 0 2 -100.0% -100.0% 0 62 -100.0% -100.0% Memo: Civic Hybrid 50 590 -91.5% -91.5% 817 3,317 -75.4% -75.4% Acura Division Total 14,246 15,313 -7.0% -7.0% 106,914 117,315 -8.9% -8.9% ILX 1,172 1,660 -29.4% -29.4% 10,831 11,744 -7.8% -7.8% NSX 22 0 0.0% 0.0% 45 0 0.0% 0.0% RLX / RL 118 187 -36.9% -36.9% 951 1,600 -40.6% -40.6% TL 0 1 -100.0% -100.0% 0 85 -100.0% -100.0% TLX 3,595 4,353 -17.4% -17.4% 25,632 30,055 -14.7% -14.7% TSX 1 1 0.0% 0.0% 4 31 -87.1% -87.1% MDX 5,131 4,747 8.1% 8.1% 34,648 39,144 -11.5% -11.5% RDX 4,207 4,364 -3.6% -3.6% 34,803 34,654 0.4% 0.4% ZDX 0 0 0.0% 0.0% 0 2 -100.0% -100.0% *** Memo: ILX Hybrid 0 1 -100.0% -100.0% 1 20 -95.0% -95.0% Memo: RLX Hybrid 19 34 -44.1% -44.1% 134 181 -26.0% -26.0% Memo: TSX Wagon 0 0 0.0% 0.0% 0 2 -100.0% -100.0% Selling Days 26 26 204 204 **** Hybrid 1,212 2,414 -49.8% -49.8% 4,478 16,021 -72.0% -72.0% * Honda and Acura vehicles are made of domestic & global sourced parts ** Daily Selling Rate *** Memo line items are included in the respective model total **** Hybrid includes FHEV, PHEV, CR-Z, Civic Hybrid, Insight, ILX Hybrid, RLX Hybrid, RLX Sport Hybrid and NSX
  17. Nissan Group reports August 2016 U.S. sales NASHVILLE, Tenn. – Nissan Group today announced total U.S. sales for August 2016 of 124,638 units, a decrease of 6.5 percent over the prior year. Nissan highlights: Overall sales of Nissan crossovers, trucks and SUVs set an August record, up 19 percent. Sales of the Rogue crossover set an August record with sales 32,979, up 19 percent. Sales of the Murano crossover set an August record with sales 7,482, up 29 percent. Sales of the Frontier pickup truck increased 162% to 9,537. Nissan Maxima sales climbed to 6,064, up 43 percent. NISSAN DIVISION AUGUST AUGUST Monthly CYTD CYTD CYTD 2016 2015 % chg 2016 2015 % chg Nissan Division Total 114,199 122,716 -6.9 969,865 915,358 6.0 Versa 10,585 14,875 -28.8 94,902 91,779 3.4 Sentra 14,256 15,662 -9.0 155,806 140,074 11.2 Cube 0 46 -100.0 15 888 -98.3 Altima 19,646 32,327 -39.2 217,290 238,200 -8.8 Maxima 6,064 4,250 42.7 42,807 22,930 86.7 LEAF 1,066 1,393 -23.5 7,922 12,383 -36.0 Juke 1,143 2,360 -51.6 15,267 19,354 -21.1 370Z 590 635 -7.1 4,292 5,309 -19.2 GT-R 88 65 35.4 455 891 -48.9 Total Car 53,438 71,613 -25.4 538,756 531,808 1.3 Frontier 9,537 3,645 161.6 61,792 42,644 44.9 Titan 1,248 1,268 -1.6 8,490 8,443 0.6 Xterra 2 1,132 -99.8 38 9,246 -99.6 Pathfinder 5,794 7,054 -17.9 51,083 56,794 -10.1 Armada 514 891 -42.3 6,371 8,958 -28.9 Rogue 32,979 27,665 19.2 215,160 188,143 14.4 Murano 7,482 5,800 29.0 53,246 39,734 34.0 Quest 327 658 -50.3 9,846 6,953 41.6 NV 1,431 1,389 3.0 11,988 11,101 8.0 NV200 1,447 1,601 -9.6 13,095 11,534 14 Total Truck 60,761 51,103 18.9 431,109 383,550 12.4 North American produced 96,585 101,906 -5.2 719,807 773,037 -6.9 Car 62,394 68,507 -8.9 467,110 505,363 -7.6 Truck 34,191 33,399 2.4 252,697 267,674 -5.6 Import 25,945 20,810 24.7 135,859 142,321 -4.5 Car 2,342 3,106 -24.6 18,208 26,445 -31.1 Truck 23,603 17,704 33.3 117,651 115,876 1.5 INFINITI AUGUST AUGUST Monthly CYTD CYTD CYTD 2016 2015 % chg 2016 2015 % chg Infiniti Total 10,439 10,635 -1.8 85,362 85,348 0.0 Infiniti Q40 0 264 -100.0 59 8,348 -99.3 Infiniti Q50 3,745 3,839 -2.4 26,804 28,046 -4.4 Infiniti Q60 169 311 -45.7 916 2,922 -68.7 Infiniti Q70 439 626 -29.9 4,093 5,682 -28.0 Infiniti QX30 74 0 N/A 74 0 N/A Infiniti QX50 1,200 241 397.9 11,184 1,855 502.9 Infiniti QX60 3,268 3,995 -18.2 27,941 25,533 9.4 Infiniti QX70 283 273 3.7 3,699 3,474 6.5 Infiniti QX80 1,261 1,086 16.1 10,592 9,488 11.6 Total Car 4,353 5,040 -13.6 31,872 44,998 -29.2 Total Truck 6,086 5,595 8.8 53,490 40,350 32.6 NISSAN GROUP AUGUST AUGUST Monthly CYTD CYTD CYTD 2016 2015 % chg 2016 2015 % chg TOTAL VEHICLE 124,638 133,351 -6.5 1,055,227 1,000,706 5.4 Total Car 57,791 76,653 -24.6 570,628 576,806 -1.1 Total Truck 66,847 56,698 17.9 484,599 423,900 14.3 Selling days 26 26 204 204
  18. Audi continues record U.S. sales streak for 68th consecutive month September 01, 2016 | HERNDON, Virginia Second-best sales month in Audi of America history Q3 sets third consecutive sales record with 88 percent increase Strong demand for A4 sedan in tightening car market Audi’s August sales increased 2.5 percent to 19,264 vehicles, the brand’s 68th straight monthly sales record in the U.S. Audi achieved its best-ever August, as well as the second-best sales month, in the brand’s U.S. history. The previous August record was set in 2015 with sales of 18,794 vehicles. Year-to-date sales have risen 3.5 percent to 134,562 vehicles sold. August 2016 sales are second only to December 2015. Demand for Audi SUVs bolstered August sales with a 9.1 percent increase over last August and a 20 percent increase year-to-date. The Q3 posted its third consecutive sales record with 2,238 vehicles sold for the month, an 88 percent increase over August 2015. Sales of the Q7 rose 16 percent from last August to 2,347 vehicles, with an increase of 56 percent year-to-date. Amid lagging consumer demand for cars, the A4 sedan posted a 17 percent increase to 2,965 vehicles for the month and a 12 percent increase year-to-date. The A3 model line posted 3,032 sales for August, including 346 deliveries of the A3 Sportback e-tron. The plug-in hybrid has recorded sales of 2,637 vehicles year-to-date. “August marks the end of a successful summer selling season with key models such as the Q3 drawing more customers to the brand,” said Mark Del Rosso, Executive Vice President and Chief Operating Officer, Audi of America. “We are certain that our momentum will result in sustained growth this year.” AUDI US SNAPSHOT --MTD-- --YTD-- Model Line Aug '16 Actual Aug '15 Actual Yr/Yr % change Aug '16 YTD Actual Aug '15 YTD Actual Yr/Yr % change A3 3,032 3,188 -4.9% 22,654 24,260 -6.6% A4 2,965 2,541 16.7% 20,496 18,306 12.0% A5 848 1,043 -18.7% 5,926 8,867 -33.2% A6 1,960 2,022 -3.1% 12,110 15,359 -21.2% A7 574 757 -24.2% 4,047 4,882 -17.1% A8 348 441 -21.1% 2,616 3,376 -22.5% allroad 156 202 -22.8% 1,124 1,742 -35.5% Q5 4,419 5,051 -12.5% 31,238 31,417 -0.6% Q7 2,347 2,016 16.4% 19,410 12,480 55.5% Q3 2,238 1,189 88.2% 12,525 8,602 45.6% R8 96 35 174.3% 446 439 1.6% TT 281 309 -9.1% 1,970 333 491.6% Total Audi Sales 19,264 18,794 2.5% 134,562 130,063 3.5% Total CPO Sales 3,868 4,441 -12.9% 30,998 32,844 -5.6%
  19. LINCOLN, FORD VAN SALES UP IN AUGUST; TOTAL U.S. SALES DOWN 8 PERCENT ON LOWER INDUSTRY VOLUMES Lincoln sales increase 7 percent in August on gains from new Lincoln MKZ and Lincoln MKX with 9,243 sold; Lincoln retail sales up 10 percent Ford van sales total 20,355 vehicles for the month – best-ever August sales; Ford Transit sales gained 17 percent, with 11,993 vans sold Ford F-Series sales down 6 percent, with 66,946 trucks sold; August marks F-Series’ best retail month of the year Total U.S. company sales of 214,482 vehicles decline 8 percent; retail down 8 percent and fleet down 10 percent DEARBORN, Mich., Sept. 1, 2016 – Lincoln sales rose 7 percent in the U.S. in August versus a year ago with 9,243 vehicles sold, while Ford Motor Company vans reached best-ever August sales with 20,355 vehicles sold. Overall U.S. company sales totaled 214,482 vehicles, an 8 percent decline. Retail sales totaled 168,543 vehicles for the month – an 8 percent decrease. Fleet sales of 45,939 vehicles, including daily rental, commercial and government segments, were down 10 percent. Lincoln’s retail sales grew 10 percent, thanks to a 55 percent retail increase in Lincoln MKX sales and an 8 percent uptick in MKZ retail sales. “Strong sales of high-end Lincoln vehicles and Ford SUVs also helped us continue outpacing the industry in average transaction pricing, which increased $1,200 versus a year ago,” said Mark LaNeve, Ford vice president, U.S. Marketing, Sales and Service. “Vans continue to be a bright spot for Ford – a consistent growth story for us this year.” August’s record van sales were up 13 percent versus a year ago, driven largely by Ford Transit gaining 17 percent, with 11,993 vehicles sold. Total truck sales were down 2 percent, with 88,372 vehicles sold. Ford F-Series sales of 66,946 trucks mark a 6 percent decline – and F-Series’ best retail month of the year.
  20. It slices! It dices! No, we're not trying to sell you a set of knives. This is the best way to describe Volkswagen's strategy for the U.S.; price cuts. Bloomberg reports that Volkswagen will be changing their strategy in the U.S. to become more mass-market in the U.S. This will mean a wider product range and lower prices. The hope is the strategy can reverse a downward spiral in U.S. sales that has been taking place before the diesel scandal broke. Volkswagen for many hasn't been able to crack the U.S. market. Despite becoming the world's largest automaker in terms of sales this year and making up 10 percent of total automobile sales in Europe, Volkswagen has been a blip in the U.S. In the past ten years, Volkswagen has never gotten up to 5 percent of U.S. (At the moment, Volkswagen only makes up 1.7 percent of total U.S. auto sales). The German automaker has tried making the Jetta cheaper and making a Passat for the U.S., which hasn't gotten them anywhere. It doesn't help that Volkswagen has missed the boat with growing demand for crossovers in the U.S. “Volkswagen is facing an uphill battle to revive the brand in the U.S. Volkswagen is struggling with the loser image of the past, and now in the present the brand is burned. They need a good story that assures people it’s really a new start. Just adding another SUV won’t do it,” said Ferdinand Dudenhoeffer, director of the Center for Automotive Research at the University of Duisburg-Essen. We don't think going for a mass-market plan is a good idea either at the moment. But who knows, it could be the thing that saves VW. Source: Bloomberg
  21. 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
  22. What is the best way to sell a vehicle? Is it through a dealership or a factory store? For Karma Automotive - the reincarnation of Fisker - plans to do both. Automotive News reports that by the end of this year, 10 franchised dealerships in key markets around the U.S. and Canada will begin selling the Revero. The dealers picked already sell brands like Bentley, Rolls-Royce, Lamborghini, and Porsche. "These guys really understand this customer. They get that it's not moving metal and pushing volume like the mass-market guys have to," said Jim Taylor, Karma's chief marketing officer. Alongside the dealers, Karma will have a few brand experience centers" (aka factory stores) in states allow this type of retail experience. Taylor said the stores would allow Karma to control its brand message, and provide reassurance to the dealers that "it's living up to the same standards it expects of them." "When you control your own store, you live it every day, so you have to walk the walk, So I think in a good way it puts a lot of pressure on yourself to deliver the same level of performance," said Taylor. Karma plans on showing the Revero next month. Source: Automotive News (Subscription Required)
  23. Mercedes-Benz USA July Sales Hit All-Time High Of 28,523 Units, Up 3.6% ATLANTA, Aug. 2, 2016 /PRNewswire/ -- Mercedes-Benz USA (MBUSA) today reported record July sales of 28,523 vehicles, increasing 3.6% from the 27,526 vehicles sold during the same month last year. Mercedes-Benz Vans also reported best-ever July sales with 3,272 units, and smart reported 493 units, up 11.8%, bringing MBUSA grand total to 32,288 vehicles for the month, up 7.2% from last year. "We are continuing to see strong momentum build into the third quarter, fueled by the recent launch of three of our dream cars," said Dietmar Exler, president and CEO of MBUSA. "The S-Class Cabriolet, SL and SLC Roadsters, teamed with strong momentum for the all-new E-Class helped us set a new record for July." Mercedes-Benz volume leaders in July included the C-Class, E-Class (including the CLS) and GLE model lines. The C-Class took the lead at 6,304, followed by the E-Class at 5,225. The GLE, rounded out the top three with 4,412 units sold. Mercedes-AMG high-performance models sold 1,565 units in July, up 68.1% from last year (931), with a total of 12,510 units sold year-to-date (up 79.3%). Separately, Mercedes-Benz Certified Pre-Owned (MBCPO) models recorded sales of 10,517 vehicles in July, an increase of 8.8% from last year (9,669). On a year-to-date basis, MBCPO sold 70,863 vehicles, an increase of 3.4%. MERCEDES-BENZ USA Sales -- July 2016 Mercedes-Benz Passenger Vehicles Jul-16 Jul-15 Monthly % YTD 2016 YTD 2015 Yearly % B-CLASS 50 196 -74.5% 360 1,368 -73.7% CLA 2,284 2,439 -6.4% 15,895 18,542 -14.3% C-CLASS 6,304 6,384 -1.3% 43,609 49,721 -12.3% E-CLASS/CLS 5,225 6,131 -14.8% 27,683 31,184 -11.2% S-CLASS 1,783 1,415 26.0% 10,276 12,047 -14.7% SLC/SLK 238 324 -26.5% 1,975 2,404 -17.8% SL 279 330 -15.5% 2,077 2,531 -17.9% AMG GT 57 89 - 735 696 - *SLS AMG - 0 - 1 27 - GLA 1,502 2,040 -26.4% 14,317 14,353 -0.3% GLC/GLK 3,411 2,318 47.2% 26,802 16,153 65.9% GLE/M-CLASS 4,412 3,851 14.6% 29,598 26,811 10.4% GLS/GL 2,670 1,755 52.1% 15,550 14,693 5.8% G-CLASS 308 254 21.3% 2,422 1,962 23.4% TOTAL 28,523 27,526 3.6% 191,300 192,492 -0.6% Vans1 3,272 2,163 51.3% 19,034 15,697 21.3% smart 493 441 11.8% 3,086 4,065 -24.1% MBUSA Combined Total Jul-16 Jul-15 Monthly % YTD 2016 YTD 2015 Yearly % GRAND TOTAL 32,288 30,130 7.2% 213,420 212,254 0.5% 1Mercedes-Benz, Freightliner Sprinter and Metris Vans are sold and marketed in the U.S. by Mercedes-Benz USA and Daimler Vans USA, respectively. *out of production
  24. Sales Figure Ticker: July 2016

    Volvo Cars of North America, LLC - Up 52.8% (8,584 Vehicles Sold This Month, 45,238 Vehicles Sold So Far This Year) Mercedes-Benz USA - Up 7.2% (32,288 Vehicles Sold This Month, 213,420 Vehicles Sold So Far This Year) Kia Motors America - Up 6.5% (59,969 Vehicles Sold This Month, 388,296 Vehicles Sold So Far This Year) Hyundai Motor America - Up 5.6% (75,003 Vehicles Sold This Month, 449,063 Vehicles Sold So Far This Year) American Honda Motor Co. - Up 4.4% (152,799 Vehicles Sold This Month, 945,154 Vehicles Sold So Far This Year) Audi of America - Up 4% (18,364 Vehicles Sold This Month, 115,298 Vehicles Sold So Far This Year) Subaru of America, Inc. - ​Up 3.1% (52,093 Vehicles Sold This Month, 331,551 Vehicles Sold So Far This Year) Mazda North American Operations - Up 2.8% (27,915 Vehicles Sold This Month, 173,269 Vehicles Sold So Far This Year) Nissan Group USA - Up 1.2% (132,475 Vehicles Sold This Month, 930,589 Vehicles Sold So Far This Year) Mitsubishi Motors North America - ​Up 0.3% (7,890 Vehicles Sold This Month, 59,824 Vehicles Sold So Far This Year) FCA US LLC - 0.0% (180,727 Vehicles Sold This Month, 1,325.536 Vehicles Sold So Far This Year) Toyota Motor Sales - Down 1.4% (214,233 Vehicles Sold This Month, 1,412,033 Vehicles Sold So Far This Year) General Motors Co. - Down 1.9% (267,258 Vehicles Sold This Month, 1,706,173 Vehicles Sold So Far This Year) Ford Motor Company - Down 2.8% (216,479 Vehicles Sold This Month, 1,569,527 Vehicles Sold So Far This Year) BMW Group U.S. - Down 5% (30,551 Vehicles Sold This Month, 209,131 Vehicles Sold So Far This Year) Volkswagen of America - Down 8.12% (28,758 Vehicles Sold This Month, 177,772 Vehicles Sold So Far This Year) Maserati North America, Inc. - Down 15.3% (811 Vehicles Sold This Month, 6,013 Vehicles Sold So Far This Year) Jaguar Land Rover North America - Porsche Cars North America, Inc. - Brands: Acura - Down 8.3% (13,674 Vehicles Sold This Month, 92,668 Vehicles Sold So Far This Year) Alfa Romeo - Down 12% (43 Vehicles Sold This Month, 338 Vehicles Sold So Far This Year) Audi - Up 4% (18,364 Vehicles Sold This Month, 115,298 Vehicles Sold So Far This Year) BMW - Down 4.4% (25,777 Vehicles Sold This Month, 179,213 Vehicles Sold So Far This Year) Buick - Up 10.4% (22,960 Vehicles Sold This Month, 127,167 Vehicles Sold So Far This Year) Cadillac - Up 1.3% (14,341 Vehicles Sold This Month, 87,572 Vehicles Sold So Far This Year) Chevrolet - Down 5.3% (178,820 Vehicles Sold This Month, 1,185,710 Vehicles Sold So Far This Year) Chrysler - Down 4% (19,095 Vehicles Sold This Month, 148,398 Vehicles Sold So Far This Year) Dodge - Down 10% (35,520 Vehicles Sold This Month, 311,658 Vehicles Sold So Far This Year) Fiat - Down 14% (2,754 Vehicles Sold This Month, 19,346 Vehicles Sold So Far This Year) Ford - Down 2.7% (207,381 Vehicles Sold This Month, 1,507,132 Vehicles Sold So Far This Year) GMC - Up 4.8% (51,137 Vehicles Sold This Month, 305,724 Vehicles Sold So Far This Year) Honda - Up 5.9% (139,125 Vehicles Sold This Month, 852,486 Vehicles Sold So Far This Year) Hyundai - Up 5.6% (75,003 Vehicles Sold This Month, 449,063 Vehicles Sold So Far This Year) Infiniti - Down 4.7% (9,945 Vehicles Sold This Month, 74,923 Vehicles Sold So Far This Year) Jaguar - Jeep - Up 5% (79,246 Vehicles Sold This Month, 543,714 Vehicles Sold So Far This Year) Kia - Up 6.5% (59,969 Vehicles Sold This Month, 388,296 Vehicles Sold So Far This Year) Land Rover - Lexus - Down 6.5% (27,890 Vehicles Sold This Month, 179,454 Vehicles Sold So Far This Year) Lincoln - Down 4.6% (9,098 Vehicles Sold This Month, 62,395 Vehicles Sold So Far This Year) Maserati - Down 15.3% (811 Vehicles Sold This Month, 6,013 Vehicles Sold So Far This Year) Mazda - Up 2.8% (27,915 Vehicles Sold This Month, 173,269 Vehicles Sold So Far This Year) Mercedes-Benz - Up 3.6% (28,523 Vehicles Sold This Month, 191,300 Vehicles Sold So Far This Year) MINI - Down 8% (4,774 Vehicles Sold This Month, 29,918 Vehicles Sold So Far This Year) Mitsubishi - Up 0.3% (7,890 Vehicles Sold This Month, 59,824 Vehicles Sold So Far This Year) Nissan - Up 1.7% (122,530 Vehicles Sold This Month, 855,666 Vehicles Sold So Far This Year) Porsche - Ram Trucks - Up 5% (44,069 Vehicles Sold This Month, 302,082 Vehicles Sold So Far This Year) smart - Up 11.8% (493 Vehicles Sold This Month, 3,086 Vehicles Sold So Far This Year) Sprinter - Up 51.3% ( Vehicles Sold This Month, 3,086 Vehicles Sold So Far This Year) Subaru - Up 3.1% (52,093 Vehicles Sold This Month, 331,551 Vehicles Sold So Far This Year) Toyota - Down 0.5% (186,343 Vehicles Sold This Month, 1,232,579 Vehicles Sold So Far This Year) Volkswagen - Down 8.12% (28,758 Vehicles Sold This Month, 177,772 Vehicles Sold So Far This Year) Volvo - Up 52.8% (8,584 Vehicles Sold This Month, 45,238 Vehicles Sold So Far This Year)
  25. Volvo Cars of North America, LLC - Up 52.8% (8,584 Vehicles Sold This Month, 45,238 Vehicles Sold So Far This Year) Mercedes-Benz USA - Up 7.2% (32,288 Vehicles Sold This Month, 213,420 Vehicles Sold So Far This Year) Kia Motors America - Up 6.5% (59,969 Vehicles Sold This Month, 388,296 Vehicles Sold So Far This Year) Hyundai Motor America - Up 5.6% (75,003 Vehicles Sold This Month, 449,063 Vehicles Sold So Far This Year) American Honda Motor Co. - Up 4.4% (152,799 Vehicles Sold This Month, 945,154 Vehicles Sold So Far This Year) Audi of America - Up 4% (18,364 Vehicles Sold This Month, 115,298 Vehicles Sold So Far This Year) Subaru of America, Inc. - ​Up 3.1% (52,093 Vehicles Sold This Month, 331,551 Vehicles Sold So Far This Year) Mazda North American Operations - Up 2.8% (27,915 Vehicles Sold This Month, 173,269 Vehicles Sold So Far This Year) Nissan Group USA - Up 1.2% (132,475 Vehicles Sold This Month, 930,589 Vehicles Sold So Far This Year) Mitsubishi Motors North America - ​Up 0.3% (7,890 Vehicles Sold This Month, 59,824 Vehicles Sold So Far This Year) FCA US LLC - 0.0% (180,727 Vehicles Sold This Month, 1,325.536 Vehicles Sold So Far This Year) Toyota Motor Sales - Down 1.4% (214,233 Vehicles Sold This Month, 1,412,033 Vehicles Sold So Far This Year) General Motors Co. - Down 1.9% (267,258 Vehicles Sold This Month, 1,706,173 Vehicles Sold So Far This Year) Ford Motor Company - Down 2.8% (216,479 Vehicles Sold This Month, 1,569,527 Vehicles Sold So Far This Year) BMW Group U.S. - Down 5% (30,551 Vehicles Sold This Month, 209,131 Vehicles Sold So Far This Year) Volkswagen of America - Down 8.12% (28,758 Vehicles Sold This Month, 177,772 Vehicles Sold So Far This Year) Maserati North America, Inc. - Down 15.3% (811 Vehicles Sold This Month, 6,013 Vehicles Sold So Far This Year) Jaguar Land Rover North America - Porsche Cars North America, Inc. - Brands: Acura - Down 8.3% (13,674 Vehicles Sold This Month, 92,668 Vehicles Sold So Far This Year) Alfa Romeo - Down 12% (43 Vehicles Sold This Month, 338 Vehicles Sold So Far This Year) Audi - Up 4% (18,364 Vehicles Sold This Month, 115,298 Vehicles Sold So Far This Year) BMW - Down 4.4% (25,777 Vehicles Sold This Month, 179,213 Vehicles Sold So Far This Year) Buick - Up 10.4% (22,960 Vehicles Sold This Month, 127,167 Vehicles Sold So Far This Year) Cadillac - Up 1.3% (14,341 Vehicles Sold This Month, 87,572 Vehicles Sold So Far This Year) Chevrolet - Down 5.3% (178,820 Vehicles Sold This Month, 1,185,710 Vehicles Sold So Far This Year) Chrysler - Down 4% (19,095 Vehicles Sold This Month, 148,398 Vehicles Sold So Far This Year) Dodge - Down 10% (35,520 Vehicles Sold This Month, 311,658 Vehicles Sold So Far This Year) Fiat - Down 14% (2,754 Vehicles Sold This Month, 19,346 Vehicles Sold So Far This Year) Ford - Down 2.7% (207,381 Vehicles Sold This Month, 1,507,132 Vehicles Sold So Far This Year) GMC - Up 4.8% (51,137 Vehicles Sold This Month, 305,724 Vehicles Sold So Far This Year) Honda - Up 5.9% (139,125 Vehicles Sold This Month, 852,486 Vehicles Sold So Far This Year) Hyundai - Up 5.6% (75,003 Vehicles Sold This Month, 449,063 Vehicles Sold So Far This Year) Infiniti - Down 4.7% (9,945 Vehicles Sold This Month, 74,923 Vehicles Sold So Far This Year) Jaguar - Jeep - Up 5% (79,246 Vehicles Sold This Month, 543,714 Vehicles Sold So Far This Year) Kia - Up 6.5% (59,969 Vehicles Sold This Month, 388,296 Vehicles Sold So Far This Year) Land Rover - Lexus - Down 6.5% (27,890 Vehicles Sold This Month, 179,454 Vehicles Sold So Far This Year) Lincoln - Down 4.6% (9,098 Vehicles Sold This Month, 62,395 Vehicles Sold So Far This Year) Maserati - Down 15.3% (811 Vehicles Sold This Month, 6,013 Vehicles Sold So Far This Year) Mazda - Up 2.8% (27,915 Vehicles Sold This Month, 173,269 Vehicles Sold So Far This Year) Mercedes-Benz - Up 3.6% (28,523 Vehicles Sold This Month, 191,300 Vehicles Sold So Far This Year) MINI - Down 8% (4,774 Vehicles Sold This Month, 29,918 Vehicles Sold So Far This Year) Mitsubishi - Up 0.3% (7,890 Vehicles Sold This Month, 59,824 Vehicles Sold So Far This Year) Nissan - Up 1.7% (122,530 Vehicles Sold This Month, 855,666 Vehicles Sold So Far This Year) Porsche - Ram Trucks - Up 5% (44,069 Vehicles Sold This Month, 302,082 Vehicles Sold So Far This Year) smart - Up 11.8% (493 Vehicles Sold This Month, 3,086 Vehicles Sold So Far This Year) Sprinter - Up 51.3% ( Vehicles Sold This Month, 3,086 Vehicles Sold So Far This Year) Subaru - Up 3.1% (52,093 Vehicles Sold This Month, 331,551 Vehicles Sold So Far This Year) Toyota - Down 0.5% (186,343 Vehicles Sold This Month, 1,232,579 Vehicles Sold So Far This Year) Volkswagen - Down 8.12% (28,758 Vehicles Sold This Month, 177,772 Vehicles Sold So Far This Year) Volvo - Up 52.8% (8,584 Vehicles Sold This Month, 45,238 Vehicles Sold So Far This Year) Click here to view the article