Category Archives: sales

Volkswagen of America’s Q1 Sales Drop -13%. March Off -42%

In fact, SUV share of sales -Atlas and Tiguan – in Q1 2020 were 50% of the 75,075 deliveries reported. Continue reading

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FCA US Reports Q1 Sales Drop -10%

FCA US reported a 10% decline in its first-quarter sales as the positive momentum in January and February was more than offset by the country’s unpreparedness for the ongoing  coronavirus that is still running rampant. For the quarter, U.S. sales were 446,768 vehicles compared with 498,425 for the same period a year earlier. Retail sales were 306,898 vehicles for the quarter. Fleet accounted for 31% of total sales. Continue reading

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GM First-Quarter U.S. Sales Drop -7% to 618,335

President Trump admitted yesterday that the US is looking at a painful two weeks of deaths from the COVID-19 virus. Public health experts have been less optimistic. The GM announcement comes as all of the Detroit Three have postponed resumption of vehicle production due in part to the UAW demanding safe work spaces. Unbelievable that there are still states without shelter-in-place orders. Continue reading

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LMC Automotive Now Projects Double the Decline of the Great Recession in Light Vehicle Sales During 2020

LMC currently is forecasting 2020 global Light Vehicle sales to fall below 77 million units, a decline of nearly 14 million units or -15% from the 2019 level. For comparison, global Light Vehicle sales fell 6 million units from 2007-2009 to 64 million units, a two-year decline of 8.7%, or 4.5% CAGR. Continue reading

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Volkswagen Group Closes 2019 Books

The spread of coronavirus is currently impacting the global economy. It is uncertain how severely or for how long this will also affect the Volkswagen Group. Currently, it is almost impossible to make a reliable forecast. Continue reading

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COVID-19 Chaos as LMC Automotive Cuts Global Light Vehicle Sales Forecast by 3.7 Million Units

Whether you believe there is a public overreaction or that COVID-19 is actually a public health crisis headed for pandemic status, there is no denying the expected negative impact it will have on the economy and auto industry. Continue reading

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Online Car Buying Trends

“We’ve amassed a wealth of data from the 177,549 cars we sold online in 2019, providing valuable insights for our industry-first report of online car buying,” said Ernie Garcia, Carvana founder and CEO. Continue reading

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US February Retail Vehicle Sales to Surpass a Million

 “Last year it took until September for the industry to reach the current spend levels,” King noted. “While the coronavirus has had no meaningful effect on production yet, it does have the potential to reduce overall inventory levels and lower the need for continued elevated incentives. If unhealthy inventory levels persist throughout the year, however, manufacturers may be faced with spend levels that are pacing towards $5,000 by next year.” Continue reading

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Aston Martin Valkyrie: Formula One Drivers Get First Laps

Each verification prototype – there will be eight built – is exposed to a variety of tests to develop and validate specific attributes that contribute to achieving the performance of what Aston boasts will be the world’s fastest ever road-going hypercar, with a price to match. Continue reading

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EU Passenger Car Registrations Decline in January 2020

ACEA claims that major taxation changes announced by some EU member states for 2020 pulled registrations forward into December 2019, explaining the January drop. Continue reading

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U.S. Sales in 2020 – SUVs Will Govern a Down Market?

Compact SUVs during 2019 were the largest segment in the US and declined with the slowing market with a 19.2% share. For 2020, LMC forecasts 20%, thanks to the first full year of sales of the new Ford Escape as well as the ongoing popularity of the Toyota RAV4 and Honda CR-V. Continue reading

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Global Light Vehicle Sales Slump. The Party’s Over?

LMC posits we must look at why the market has dropped 5 million units below the 2017 record. A recent blog entry entitled 2019 Review highlights some of the challenges faced by the auto industry. Chief among them are developments in China, with a protracted hangover from the temporary tax cuts of a few years ago, disruption coming from the launch of State VI-compliant vehicles (which varies region by region), along with a slowing economy. Continue reading

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EU Passenger Car Registrations Barely Up in 2019

However, for the entire year of 2019 growth was a paltry +1.2% across the European Union, reaching more than 15.3 million units in total and marking the sixth consecutive year of growth. Continue reading

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Electronic Sales Process – Power Acquires Trilogy Automotive

This in theory expands the capabilities and reach of its existing offering so manufacturers and dealers to improve retail lead management programs. Trilogy Automotive’s patented technology ranges from custom and client driven to turnkey configuration, design and lead management systems. Trilogy has powered automotive companies such as Ford, GM, Nissan, Chrysler, Toyota, Hyundai, Kia, Volvo, Jaguar and AutoNation. Continue reading

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Auto Industry Sets Record for Transaction Prices, Incentive Spending in December 2019. However, US Sales Falling?

The combination of record prices with overall sales means that consumers will spend $462 billion on new vehicles in 2019. This is up $8.4 billion from last year and marks the first time that expenditures will exceed $460 billion. Continue reading

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