Car shoppers in the United States are well on their way to buying over 17 million new cars and trucks in 2015. If that does indeed happen, it will be just the third time in history that milestone has been reached.
By now, most of the leaves have fallen across many of our fine 50 states, and the first snowfalls have just begun to spread their way across what had been such finely manicured lawns in the Midwestern part of the country. Children have entombed themselves into their rooms, Halloween candy nestled away for the winter, and the prime season for buying new cars is coming to an end.
Autumn is upon us – at least for those of us living in the Northern Hemisphere (happy Spring, friends in the Southern!) – and that means the weather is cooling off, the leaves on the trees are changing into beautiful colors and the hot, hot sales months of summertime are slowing down. Well, for the most part, at least.
Strong Performances From The Honda Accord, Jeep, Ram And Porsche
Americans love themselves some pickup trucks. It's a well-known fact, and it's demonstrated each and every month in the form of the top few nameplates as they appear on sales charts, starting with the Ford F-Series, as it has for, well, decades. More often than not, after that Blue Oval sits the Chevrolet Silverado. But not this month.
SAAR, in case you're not aware, stands for Seasonally Adjusted Annual Rate, and what it basically refers to, in this case, is the total number of automobiles experts predict automakers will sell in the United States in the 2014 calendar year. The big news is that the SAAR has been adjusted upward again, reaching the 17-million-unit level for the first time since July of 2006.
Demand for automobiles remains high, judging by the latest round of sales reports filtering in from automakers doing business in the United States. Even those heavily embroiled in recall controversies, most notably General Motors, witnessed year-over-year improvements in the month of May. GM, specifically, saw sales rise nearly 13 percent last month – notching its best month since August of 2008 in the process – led by strong demand for bread-and-butter core models from Chevrolet lik
If you're in the Northern Hemisphere, you're probably enjoying the good fortunes of springtime. With the rains of April come the beautiful greening of lawns and trees as they blossom, with the sun staying out longer and longer. All that goodwill must be bringing increased foot traffic into car dealerships, because the chart below is full of a heck of a lot of green, too.
After the Polar Vortex-saddled January and February months of 2014, something tells us a break in the weather is exactly what car shoppers have been waiting for. Perhaps it's all the lovely green we see in the chart below that has us in an upbeat mood, but there's no denying most automakers doing business in these United States saw big sales improvements this month, led by the seemingly unlikely duo of Maserati and Mitsubishi.
It's that time of the month again, folks. The automakers have released their results for February, and there are, predictably, both high and low notes worth talking about. The automaker with perhaps the most to crow about so far this year is Jeep, and much of its stellar performance in 2014 can be attributed to the brand-new (reborn) Cherokee, with the new 'ute contributing 11,705 sales last month for a grand total of 22,300 for the year.
Frigid Weather Suppresses Sales For Largest Automakers
It doesn't really have a name, but the meteorological events in January that caused record-breaking low temperatures across most of the Midwestern United States and Canada is being blamed for many automakers' sales woes last month. The dangerous temperatures, which were colder even than what the North and South Pole were experiencing at the time, kept potential buyers bundled up indoors rather than walking the floors of dealerships shopping for new cars and trucks.
Last year wasn't quite the blockbuster year of sales growth that 2012 was, but there are plenty of automakers in our table with reason to be happy. Subaru, for instance, duplicated its 2012 performance by again recording annual sales growth of over 26 percent. At the other end of the spectrum, Mitsubishi followed up its 2012 performance of -28 percent sales decline with a much healthier 11-percent gain in 2013.
After a particularly bullish November, the holiday season saw automakers reporting relatively unimpressive sales numbers to finish off the year. In particular, industry giants General Motors and Toyota ended 2013 with a bit of a whimper. After being treated to volume rising by 13.70 percent in November, GM recorded a decline of 6.34 percent in December, earning a last-place finish. Toyota fell by 1.7 percent for the month after gaining more than 10 percent last time out, and was again outsold by
The US auto industry will be giving thanks after a month of sales for November worth celebrating. Automakers were facing a potentially tough month, at least compared to the same month last year, which saw increased sales in the aftermath of Hurricane Sandy from pent up demand. Volvo, for example, which reported sales fell 31.17 percent, qualified its performance saying, "Excluding a large fleet deal coupled with damaged cars from Hurricane Sandy in November 2012, our dealers actually had a stron
There was little doubt that the government shutdown, which occupied 16 days of an already-short month, put downward pressure on US auto sales during the month of September. If you weren't one of the 800,000 federal employees who were furloughed without pay during the crisis, you may have been one of many people who decided to put off large purchases like a car or truck until the US government got its act together and turned the lights back on. It seems those people and then some came back in Oct