Archive for the ‘Monthly Results’ Category

China Posts Meager Auto Sales Gain in 2017

Sport-ute led the way to small 1.4% increase last year.

by on Jan.12, 2018

Auto sales in China increased marginally for 2017, but they were led by sport-utilites.

China’s auto sales stalled in December and ended 2017 up a meager 1.4% compared with a year ago results as the popularity of SUVs helped to offset falling demand for sedans, the China Association of Automobile Manufacturers said.

With global car makers such as General Motors, BMW, Volkswagen AG, Mercedes-Benz, Toyota and Nissan all reporting solid, but not spectacular, gains during 2017, smaller local brands common to almost every province and international brands such Ford and Hyundai, appeared to suffer the most for the slowdown, which was due in part to the end of special tax credits.

Global Auto News!

The growth rate was barely one-tenth the previous year’s 15% rate, which was boosted by a temporary tax cut. (more…)

Buh-Bye Camry; Pickups, SUVs Now Own Top Sales Spots

Toyota's mainstay sedan didn't even crack the Top 5.

by on Jan.05, 2018

Despite giving the Camry a stylish makeover the sedan continued to lose momentum last year.

If anyone still questions the way light trucks have come to dominate the U.S. automotive market you only need look at the 2017 sales charts to see how passenger cars are on virtual life support these days.

Perhaps the most significant development finds that the Toyota RAV4 last year outsold the Camry for the first time ever. And so did the Nissan Rogue.

The Last Word!

The overall numbers for 2017 weren’t good, the U.S. market posting its first decline since the end of the Great Recession. And demand likely would have dipped more than the modest 5% if it weren’t for the strong, late-year surge as motorists in Florida and Texas raced to replace vehicles destroyed during the summer’s devastating hurricanes.

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Automakers Wondering about 2018 After Slow December

Makers, analysts looking for sales to fall, but how far?

by on Jan.04, 2018

Sport-utility vehicles, like the Hyundai Sante Fe, dominated sales in 2017.

A tough December that forced car makers to utilize tactics such as selling to rental fleets and heavy promotions have left car makers pondering what’s in store for 2018.

A seven-year expansion in sales ended with a small downturn in 2017 that was felt up and down the value chain as automakers such as Mercedes-Benz, BMW, Lexus and Cadillac as well as Ford, Chevrolet, Toyota, Kia and Hyundai saw their sales lost ground. Ford acknowledged boosting its sales to rental fleets at the end of the year, while Nissan, Toyota and Hyundai-Kia boosted deliveries to rental fleets.

Sales News!

Meanwhile, economists tied to the industry are debating whether the increases in interest rates approved and planned by the Federal Reserve Board will have a significant impact on sales in 2018. (more…)

Tesla Misses By a Mile its Model 3 Target

Models S and X beat forecast, but slow ramp-up of smaller sedan poses big problems.

by on Jan.03, 2018

A new Model 3 in front of Tesla's Fremont, California assembly plant.

Despite promises by CEO Elon Musk, Tesla has yet to dig its way out of the “production hell” it has faced since the launch of its Model 3 battery sedan last July.

The Silicon Valley carmaker said it delivered just 1,550 of the “affordable,” long-range electric vehicles during the fourth quarter, well below what industry analysts had been anticipating. Some had forecast the numbers would come closer to 9,000 for the October-December quarter, with even pessimists forecasting something closer to 4,000.

Industry News!

The shortfall means that many of the roughly 400,000 customers who have plunked down $1,000 deposits for a Model 3 could be waiting well into 2019 before taking delivery, observers warned. It also raises the specter that Tesla might have to seek more capital to offset continuing losses. The company had said it would finally get into the black as production reached the longer-term target of 10,000 vehicles a week. (more…)

New Vehicle Sales Sputter in December

Same old news: car sales down, trucks and SUVs up.

by on Jan.03, 2018

Ford posted strong sales in December, and its Explorer post its best results since 2005.

This story has been updated to include results from additional automakers.

Despite the usual year-end push to get vehicles out the door, most automakers endured tough sledding in December.

General Motors, Fiat Chrysler, Toyota, Nissan, Jaguar Land Rover and Volkswagen all reported sales decreases for December while Ford Motor and Audi reported modest gains as the auto industry finished a year in which the growth in overall sales stopped and then declined.

Sales News!

While overall results were unimpressive, sales of trucks and sport utility vehicles remained robust at year end. Volkswagen, which has long been dependent on sales of passenger cars, reported that 48% of its sales in December were SUVs. VW wasn’t alone in enjoying strong SUV sales last month. (more…)

Hyundai, Kia See Pressure on Sales in 2018

South Korean automakers predicting tough sales year ahead.

by on Jan.02, 2018

Hyundai's efforts to expand into new market segments comes as sales growth is expected to get tougher.

Hyundai Motor and Kia Motors expect only limited growth in 2018 as global auto sales slow perceptibly during the new year, the company’s senior executives said in a “New Year’s Day” message to employees.

The South Korean auto giant, which ranks fifth by global sales, is targeting sales of 7.55 million vehicles. However, Hyundai-Kia is likely to have missed its sales target for the third consecutive year in 2017 as it sold 7.25 million units this past year, according to estimates by analysts.

Market Trends!

“Global auto demand growth is expected to stagnate this year, with demand seen shrinking in major markets like the U.S., China and Europe,” Yoon Yeo-chul, Hyundai’s vice chairman, said in a New Year’s speech to employees. (more…)