Archive for the ‘Monthly Results’ Category

Ford Suffers, GM Coasts in March Sales in China

Volkswagen posts a sales increased in March.

by on Apr.17, 2018

Strong Malibu sales in March helped GM to a small sales gain of 2%.

Ford Motor Co. saw its sales in China, the world’s largest automotive market, drop by 11% during March, while General Motors eked out a 2% gain as its sales continue to grow.

GM, which will now report its China sales quarterly rather than monthly in the future, said its joint ventures in China delivered a March record of 352,346 vehicles. Buick and Cadillac enjoyed record deliveries in March, while Chevrolet grew 35% from a year earlier, GM said.

Industry News!

Sales in the first three months of 2018 increased 8% on an annual basis to 986,052 units. (more…)

Caddy Triggers Battle of the Behemoths with $10,000 Escalade Discounts

Fighting off the new Lincoln Navigator.

by on Apr.16, 2018

A Cadillac Escalade Platinum can top $100,000.

If you’re looking for one of the biggest, baddest luxury utes on the market, Cadillac is hoping to lure you into one of its U.S. showrooms. Aiming to shore itself up against an assault by Lincoln’s newly updated Navigator SUV, Caddy is firing back with discounts of up to $10,000 on its own Escalade model.

GM has traditionally dominated the full-size SUV segment, both mainstream and luxury, and it gained significant traction when it introduced an all-new version of the ‘Slade for the 2014 model-year. But that’s a lifetime ago in today’s hotly competitive market and Lincoln has been building momentum fast with the all-new version of the Navigator it launched last year.

News You Can Trust!

While the two models don’t generate a lot of volume they serve up substantial profits for their respective manufacturers, providing plenty of room to load up the incentives. The question is whether Lincoln will now fire back with big givebacks of its own.

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Lincoln Planning Five New Models for China in Bid to Catch Rivals

China destined to become brand’s top market, said new Lincoln chief.

by on Apr.12, 2018

The Lincoln Aviator made its U.S. debut last month and should reach China by 2019 or 2020.

Struggling to catch up with rivals now dominating the world’s largest luxury car market, Lincoln plans to start building five new models in China by 2022, according to a report by the Reuters news service.

That’s in line with comments made to TheDetroitBureau.com by Lincoln’s new boss, Joy Falotico, who said she expects China to soon become the brand’s largest market, much as has happened for other luxury marques, including Detroit-based rival Cadillac.

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Global News!

It appears that the new models Lincoln will build in China will also be produced and marketed in other countries, including the U.S. During a backgrounder on the new Aviator SUV prior to its debut at the New York International Auto Show late last month, Falotico revealed that Lincoln plans to launch two new SUVs by 2020, “followed closely by four more vehicles.”

(more…)

Cadillac Exposed!

Here's how brand boss de Nysschen plans to use a new fleet of cars, crossovers and EVs to double U.S. and Chinese sales and even – finally – crash Europe. Exclusively on TheDetroitBureau.com.

by on Apr.06, 2018

Cadillac President John de Nysschen had two big intros in NY, including the CT6 V-Sport.

Cadillac is covering both ends of the spectrum at this month’s New York International Auto Show, offering up both the new entry-luxury XT4 sport-utility vehicle, as well as a high-performance version of its flagship sedan, the new CT6 V-Sport.

The two mark the start of an unprecedented product roll-out that, Cadillac President Johan de Nysschen announced during a NYIAS news briefing, will add 11 models to the brand’s line-up by 2021. But that’s only a glimpse at what’s actually coming, the South African-born executive revealed in an exclusive interview with TheDetroitBureau.com.

The Last Word!

Long positioned as “the standard of the world,” Cadillac fell off its perch in the 1990s, dethroned by high-line European and Asian imports like Lexus, BMW and Mercedes-Benz. It’s had a few false starts in its bid to regain its former glory. But de Nysschen has put in place a do-or-die strategy that is aimed at more than doubling Caddy’s global volume with a mix of new products, advanced powertrains and a new approach to sales and service. Much will depend on the booming Chinese luxury market, but the Caddy chief is also determined to take on key rivals in their home, European market.

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3 Familiar Models May Vanish as Sales Shift to SUVs

Ford Taurus exiting for a second time, along with Fiesta and Chevy Sonic.

by on Apr.05, 2018

The Taurus is one of two Ford models that are expected to be dropped over the next few years.

March saw an even bigger surge in demand for SUVs, CUVs and other light trucks but, according to industry data, sales of sedans, coupes and hatchbacks continued to decline – an ongoing trend that is expected to lead to the demise of a number of once-popular passenger car models, including Ford’s big Taurus and subcompact Fiesta, as well as the little Chevrolet Sonic.

And even more passenger car models could be on the way out, according to industry sources, even as manufacturers move to expand their light truck portfolios to take advantage of one of the biggest market shifts in decades.

Product News!

“I think we’re going to see some contraction in passenger car nameplates,” said Stephanie Brinley, principle automotive analyst at IHS Automotive. “That’s not to say they’ll go away. Some people still like them….but there’ll be some rationalization over time.”

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US Autos Shake Winter Sales Doldrums in March

Sport-ute lead the way to spring sales jump.

by on Apr.03, 2018

Americans went out and bought new cars and especially sport-utes in March.

The auto industry broke out of its winter doldrums during March as General Motors, Ford, Fiat Chrysler, Toyota and Volkswagen all reported sales increases and for now set to rest fears that sales of new vehicles were beginning to fade.

GM, which also announced it would no longer report sales on monthly basis, reported its car, crossover and truck deliveries in the United States in March increased 16% year over year, driven by Buick’s best March since 2004, Chevrolet’s best March since 2007 and Cadillac’s best March since 2014. It was GMC’s best March in the brand’s history.

Sales News!

“March was an exceptional month for us. A growing economy and strong new products helped us execute a very successful plan to conquest customers from other brands,” said Kurt McNeil, U.S. vice president, Sales Operations. “Once customers purchase a GM product, they tend to stay in the family as we deliver an award-winning ownership experience that is hard to beat.” (more…)

GM to Stop Reporting Monthly Sales Numbers

“Not enough time to separate” trends from fluctuations.

by on Apr.03, 2018

Car sales can see big short-term fluctuations that don't really reveal long-term trends, GM says.

General Motors will stop reporting monthly sales numbers in the U.S., China and Brazil, three of its largest markets, the automaker announced Tuesday, saying that it does not believe the numbers provide an accurate snapshot of what is happening in the automotive market.

The largest Detroit-based automaker will continue to provide monthly data to industry associations and government agencies, as well as the U.S. Federal Reserve, but will ask that the data not be released to the public or media. The move could trigger other manufacturers to follow suit, though analysts and investors could also seek other sources for the information.

Industry News!

“Thirty days is not enough time to separate real sales trends from short-term fluctuations in a very dynamic, highly competitive market,” Kurt McNeil, U.S. vice president for sales operations said in a statement.

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Ford, GM Sales in China Move in Opposite Directions

New product key to strong sales.

by on Mar.12, 2018

Jim Hackett, Ford president and CEO, discusses the plans to expand sales in China.

Ford Motor Co. suffered another sharp reversal of fortune in China during February where it reported vehicle sales dropped 30% from a year earlier while General Motors continues to roll up sales.

The sales drop by Ford appeared to reflect a dearth of new products as the company continued to struggle in the world’s largest auto market.

Global News!

Ford’s sales dropped 18% in January and in February totaled just 47,483 vehicles, accounting for the 30% drop mentioned earlier. (more…)

Auto Sales Falter in February

Audi, Toyota and VW provide bright spots for dreary month.

by on Mar.01, 2018

Volkswagen enjoyed a 6% sales jump in last month while most other makers struggled.

New vehicle sales stalled in February as General Motors, Ford Motor Co., Fiat Chrysler Automobiles N.V. and Nissan all reported sales declines, but Toyota and Volkswagen managed to post increases taking some of the sting out of figures.

Volkswagen said its sales increased by 6% while Toyota posted an increase of 4.5%. “We’re off to an outstanding start for the year,” said Jack Hollis, the head of the Toyota Division sales. Not surprisingly, Audi also continued its run of positive months with a 12% February jump.

News Now!

“Market softness spread beyond cars in February to other segments of the market,” said Michelle Krebs, executive analyst, AutoTrader.com. (more…)

New Vehicle Sales Expected to Drop in February

Only Toyota, VW and Audi expected to see small increases.

by on Feb.23, 2018

Sluggish sales in the U.S. are expected to continue into February.

Carmakers are quick to point out that one month of sales figures don’t represent a trend, but analysts are now predicting that new vehicle sales are poised to slide again in February, following the drop in January.

Edmunds, a leading car shopping and information platform, is predicting 1.27 million new cars and trucks will be sold in the U.S. this month for an estimated seasonally adjusted annual rate or SAAR of 16.8 million.

Sales News!

The figures reflects a 10.8% increase in sales compared with last month, but a 4.1% decrease from February 2017, Edmunds said. (more…)

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