Analyst warns of incentives' pressure on used pricesFri, 27, Jan 2017
Incentive spending, combined with a glut of off-lease vehicles returning to market, could push used prices down by about 4.8 percent this year, the lowest level since the economy was emerging from the recession in 2010, one analyst says.
U.S. sales mixed as second half starts with 0.5% gain, caution flagsTue, 02, Aug 2016
Automakers reported mixed U.S. sales for July, amid rising incentives and sustained demand for trucks, as the industry kicked off the second half of the year with a 0.5 percent gain. The SAAR came in at 17.86 million -- the highest rate of the year and above forecasts. But Ford warned the new-vehicle market has become “very price sensitive.”
August forecast to produce third monthly U.S. sales dip of 2016Fri, 26, Aug 2016
August is expected to mark the third month in 2016 that U.S. new-vehicle sales declined from a year ago, forecasters said, offering more evidence that the market is at or possibly past its peak. Four forecasts call for sales to fall from 2.1 percent to more than 5 percent.
U.S. market still has upside, some industry CEOs sayWed, 10, Aug 2016
With sales plateauing, some automakers pile on incentivesMon, 08, Aug 2016
July sales were 1.1 percent ahead of last year's record pace. But several forecasters have reduced their outlook for the remainder of 2016, and some automakers are starting to fight the stagnating market with more aggressive incentives.
May sales drop 6.1% on weak car sales; SAAR stays strongWed, 01, Jun 2016
The U.S. auto industry recorded its biggest monthly sales drop in nearly six years in May as most automakers posted declines amid plunging demand for passenger cars. May volume fell 6.1 percent to 1.5 million vehicles. Still, the SAAR came in at 17.46 million, a level on par with last year’s record sales.
Sales advance 3.5% on fatter deals, truck volume; SAAR rebounds to 17.42MTue, 03, May 2016
Led by gains at Honda, Nissan, Toyota, Fiat Chrysler and Ford, U.S. light-vehicle sales increased 3.5 percent to 1.506 million in April, a record for the month. After a lackluster March that disappointed some automakers, April produced solid gains across the industry, with fatter deals and light trucks driving volume higher.
Toyota gets another boost from light trucksTue, 03, May 2016
Toyota Motor Sales posted a 3.8 percent sales increase in April, moving 211,125 vehicles for the month. Sales at the Toyota division, including Scion, rose 5 percent to 186,243 vehicles. The gains were largely buoyed by the strength of Toyota's light trucks, which set a record for April sales, rising 16 percent for the month to 96,033 vehicles.
Record car sales charge up Nissan in AprilTue, 03, May 2016
American Honda gets lift from core cars, Odyssey to set recordTue, 03, May 2016
American Honda posted its best April on record, with U.S. sales rising 14 percent to 148,829 vehicles on strong car and light-truck demand. The Honda division set a monthly record, as well, with volume advancing 15 percent to 132,623 vehicles. Car volume rose 14 percent and light-truck deliveries advanced 16 percent.
Hyundai blames ‘softness’ in cars for Elantra’s spring swoonTue, 03, May 2016
Just three months after Hyundai Motor Co. launched a clean-sheet redesign of the Elantra sedan, its best-selling car in the U.S. last year, sales of the compact car plunged 44 percent in April, suggesting the Korean automaker may have hit a snag in a market segment that has recently been among its strongest.