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Tag Archives: detroit three
Only Nissan of Japanese Big Three Grows with Overall Auto Market in February. Toyota and Honda Lag Industry Slightly
Nissan North America reported record February U.S. sales of 106,731 units versus 92,370 units a year earlier, making for an increase of 15.5% over last February’s record total. Toyota Motor Sales moved 159,423 vehicles in February for a 12.4% increase in volume. American Honda reported February 2012 monthly new-vehicle sales of 110,157, an increase of almost 13%.
Since the overall light vehicle sales market grew by 16%, only Nissan actually kept pace with the slow recovery in auto sales that saw the best February since 2008, although Nissan also has the highest incentives in the group. Economic indicators – from consumer confidence to the stock and job markets, are showing the best results in four years. This is good news for automakers since sales are off to their strongest start industry-wide since 2008 at a strong seasonally adjusted annual selling rate or SAAR of 13.3 million light vehicles.
The difference among the Japanese Big Three was more pronounced in the higher-margin luxury segment. As usual, Lexus easily led the way with almost 17,000 luxury cars and trucks, followed by Acura at 11,000 and Infiniti at 9,000 vehicles. Continue reading
Car Spy is entertaining, funny, and sardonic. It captures the voice of Dunne – caveat here – whose adventures I sometimes participated in, whose photos I ran in various publications and still run in AutoInformed.com, and whose stories related in Car Spy I heard first hand. Continue reading
As the U.S. automobile market recovered somewhat in 2010 and increased truck sales particularly helped Ford, General Motors and Chrysler record above average sale gains compared to the industry, there was speculation that “Buy American” was a factor. Now that … Continue reading
Detroit Three Continue to Trail Import Brands on Customer Retention Rates. Conquest Rates Are Up Slightly
While customer retention rates among Detroit Three brands as a whole have improved slightly from 2009, domestic makers still trail import brands when an existing vehicle owner considers purchasing the same brand again. Continue reading