Category Archives: sales

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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September New Passenger Car Registrations Up in European Union, But Trend is Downward

During the first nine months of 2019, EU new car registrations were down 1.6% compared to the same period the year before. Despite demand recovering across the European Union in September, Germany (+2.5%) was the only major market to post positive results so far this year. Spain (‐7.4%) saw the strongest drop, followed by the United Kingdom (‐2.5%), Italy (‐1.6%) and France (‐1.3%). Continue reading

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Global Light Vehicle Sales Fall Again in September

The selling rate drop in September seems partly the result of further changes to the WLTP** emissions testing in Europe, which may have pulled sales forward to August, at the expense of September. In China, LV sales dropped once again. Unfavorable calendar effects thwarted any chance of YoY growth in the US, even though the selling rate was good. Continue reading

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Western European Passenger Car Sales Weak

The introduction of WLTP in September 2018 distorted the market in August and September last year, with a high base effect in August and a low base effect for September as it became clear that diesels were dirty and not meeting emission standards. Continue reading

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FCA US Q3 Sales Flat at 565,000

FCA touted three sales records for the third quarter as buyer bought or leased premium technology and interior upgrades on heavy-duty trucks. Continue reading

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Strike Crippled General Motors Q3 US Sales Up 6%

General Motors Co. (NYSE: GM) dealerships delivered 738,638 vehicles in the United States in the third quarter of 2019, an increase of 6.3% compared to the third quarter of 2018. GM’s fleet mix of total sales was 19.5 %, down 0.3%, year over year. End of September inventory was 759,633 units. Thus far the GM UAW strike has had little effect on sales. Continue reading

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