- Cadillac LYRIC – Taking Back the Luxury EV Lead?
- Nissan to Keep Production and Employment in Spain
- BMW Posts $786 Million Loss in Q2. Sales Off -25%
- Carvana Q2 Results – Sales, Revenue Up by Double Digits
- COVID-19 Auto Related Closings, Openings, Closings
- Auto Plant Downtime Looming as COVID-19 Thrives?
- Ford Motor Changes CEO from Jim Hackett to Jim Farley
- GM and EVgo to Add EV Fast Chargers Nationwide
- GM Offers Three New 350 Service Engines
- A New Leaf – Nissan Takes Electricity to Pay for Parking
- Ford Motor Q2- Sales Drop -53%. Debt Grows $10B
- Lordstown and Lithium. A New GM Constellation is Rising
- GM Loses $800 Million in Covid Q2. NA Sales Drop -62%
- Don’t Hold Your Breathe Waiting for the New Hummer EV
- Snapshot – The Trump Economic Depression
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Tag Archives: u.s. sales
General Motors Offers UAW $7 Billion in U.S. Investments, an $8000 “Signing Bonus” or is that Bribe?
In its latest statement – with perhaps a hint of desperation – GM said today that “We presented a strong offer that improves wages, benefits and grows U.S. jobs in substantive ways, and it is disappointing that the UAW leadership has chosen to strike at midnight tonight Continue reading
While a total September sales forecast of 1,132,800, if accurate, represents a mere 2% increase from September 2012, a calendar issue with Labor Day has negatively biased the month. The auto industry reports sales on a sales month basis rather than a calendar month basis. Historically, Labor Day falls in the September sales month. Not in 2013 though, it fell in the August sales month. Continue reading
Chrysler Group reported U.S. sales of 142,041 units, a 12% increase compared with sales in September 2011 (127,336) – the group’s best September since 2007 before the reckless practices of Wall Street collapsed the housing market and the economy. Of the Detroit Three automakers, Chrysler put in what was arguably the best performance of the month by nearly matching overall industry growth of 13%. Continue reading
General Motors Company (NYSE: GM) today reported July sales in the U.S. of 201,237 vehicles, down 6% compared with a year ago in what is a recovering U.S. automarket that grew by 9%. GM sales to retail customers declined 3%.
GM’s poor performance was attributable to a large drop in sales to daily rental fleet customers, which were off – 41%. GM previously stated that it needs to wean itself from these sales as it struggles to increase its margins. As a result, so-called average transaction price at GM increased $700 compared to June and $260 year-over-year. Continue reading
Chrysler, Ford and GM posted the best May sales in years today as the U.S. auto market continued its slow recovery to what looks to be shaping up as a 14 million unit year – the best since the collapse of the economy under the waning years of the Bush Administration. In terms of numbers, GM once again led with sales of 245,000 light cars and trucks – it’s highest in 33 months, followed by Ford Motor (209,000) and Chrysler Group (150,000). The market appears to be slipping away from Ford and General Motors, though. Only Chrysler Group at 689,000 year-to-date for a 33% increase outraced industry growth of 13%. Ford Motor up 6.5% (933,000) and GM up a mere 2% at 1,067,000 badly lagged the auto sale expansion. Continue reading
Total light-vehicle sales in February are projected at 1,064,700 units, only a 3% increase from February 2011. After a fleet mix of 25% in January 2012, levels are expected to be in the 19% range in February, slightly below levels one year ago, according to J.D. Power and Associates. Continue reading
This is the first time the retail selling rate would be above 10 million units since the 10.8 million-unit rate in April, if the J.D. Power and Associates projection holds up. Nonetheless, sales are far, far below the 16-17 million unit SAARs of last decade as a jobless recovery continues with record levels of long-term unemployment. Continue reading
Chrysler Group, the weakest of the Detroit Three, today reported U.S. sales of 115,363, a 10% increase compared with sales in May 2010 and the best May sales since 2008. The strong results came as larger Ford and General Motors posted flat sales year-on-year. Continue reading
Ford Motor Company sales in May were 192,102, the same as one year ago as the economy stalled. Retail sales were up 5% and fleet sales were down 8%. Year-to-date, total Ford Motor sales were 878,600, up 12%. Continue reading
General Motors dealers in the United States reported 221,192 total sales in May, including a 9% increase in retail sales compared to May 2010. A sharp -16% decline in fleet sales decreased results so that total sales declined 1% compared to last year. Continue reading
Returning to historical annual selling rates of 15 to 17 million units experienced during much of the last decade appears to be a long way into the future. Continue reading
If sales continue to grow, what are now isolated shortages of some vehicles will become greater, and prices will rise. Suppliers, who drastically trimmed output during the past three years, are showing signs of not being able to keep up. Continue reading
A Modest U.S. Auto Sales Recovery as Retail SAAR is above 10 Million Vehicles for Second Straight Month
Christmas is coming a little earlier this year for automakers as retail auto sales in the U.S. by SAAR, or the seasonally adjusted selling rate, rose above 10 million vehicles for the second straight month. If you include auto fleet … Continue reading