Trucks and crossovers are so hot right now.
New Car Sales
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.
Even though new-car sales continue to rebound, that pace seemed to slow a bit in the US for September, but Mercedes-Benz had plenty to brag about. Last month, the automaker sold 142,994 vehicles around the world marking the best sales month ever in its 87-year history – thanks in large part to the redesigned E-Class lineup and new compacts like the A-Class and CLA-Class.
August sales will be announced next week, but early numbers say that it has been an exceptionally good month for new-car sales so far with two days left to go – including the kickoff to Labor Day weekend. Automotive News is reporting that forecasters are expecting this month to be the strongest single month since 2006 with retail sales projected to be around 1.27 million units.
While diesel cars are popular on most other continents, these less-complex alternative to hybrid-electric vehicles have yet to gain major traction in the US. As an increasing number of light cars and trucks start to offer these fuel-efficient engines, though, sales are expected to climb as well. While BMW, Mercedes-Benz and the Volkswagen Group (Volkswagen, Audi and Porsche) continue to lead the way, more non-German automakers like Mazda, Nissan, Chrysler and General Motors are starting to get s
We've said it before, but bears repeating: Pickup trucks are the financial engines of America's automakers. Good thing, then, that the segment is in rude health – in fact, Automotive News is suggesting that pickup truck sales are arguably healthier than they were pre-recession, even though the segment's volume is still significantly down from where it was before the bottom fell out of the US economy. That's because per-unit profits on full-size trucks are skyrocketing, outpacing the indust
Midsize cars and crossovers make up some of the most popular new vehicles on the market, so it shouldn't be too surprising to see a recent study from Wards Auto that found the D-segment will account for the majority of new or redesigned vehicles over the next three years. What is surprising is that the study indicates that almost 60 percent of all new-car sales in 2013 will be comprised of midsize vehicles, including popular models like the new 2013 Honda Accord.
The auto industry has long been a cyclical business, and though this last trough was a deep one, the coming boom has economists excited. According to Bloomberg, the auto industry's comeback contributed fully half of the 2.2 percent national economic growth in the first quarter of this year. Auto sales are on target to top 14 million vehicles this year, the best pace in four years.
New car sales have endured all manner of impediments since The Great Recession began in 2008, and for various reasons including everything from restricted lending by banks to strikes and Acts of God. Next up among the bugbears could be a shortage of car haulers, which were pulled from active duty when there simply weren't cars to haul.
Americans are driving their vehicles longer, as the average age of vehicles has nearly hit 11 years, according to a new study by Polk. Blame a wretched economy and more reliable modern automobiles, but cars and trucks continue to stay on the road much longer than they did 15 years ago, when the average age was just 8.4 years.
Automotive industry analysts are projecting a better sales year in 2012. According to Automotive News, a number of culminating factors could see sales of up to 14 million units next year. That's thanks to factors like decreasing unemployment, improved credit availability and a larger portion of the population looking to replace older vehicles. Don't think that means the overall economy will be any stronger next year, however. According to the studies, buyers have simply grown more callous to new
California has passed new a new law that further regulates the car-buying process, and the changes appear to be mostly positive. Automotive News reports that, beginning next July, dealers will need to slap a red warning sticker on any vehicle with a salvage title. That means any vehicle that has been legally deemed flood-damaged, junked or salvaged will receive the ominous label.
For the first time in a decade, the number of new car dealerships in the United States has risen. Mind you, it wasn't a large increase, but the 66 additional dealerships represent a 0.4 percent increase that brings the U.S. total to 17,725. That's an encouraging economic sign considering we haven't seen any growth in ten years.
2010 was as rough a year as Toyota has experienced in many-a-decade, but the Japanese automaker reportedly senses a rebound in 2011. The Detroit News reports that team Toyota predicts that in 2011 it will outpace industry growth due in part to 10 revamped models across its Toyota, Lexus and Scion brands.