Posts Tagged ‘2017 auto sales’

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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General Motors Cuts Sales Forecast for 2017

Analysts are revising their predictions for 2017 downward as well.

by on Jun.27, 2017

GM extended summer shutdown at certain plants as it tries to shrink bloated inventories in a market it believes isn't as strong as last year.

General Motors, which has been scaling back production since last fall as inventories of unsold vehicles have grown, revised its sales forecast for 2017 downward, with senior executives now saying that U.S. sales will drop into the “low 17 million” range.

With the consensus of the auto industry now suggesting a downturn is taking hold, another key forecasting service also announced it was cutting its outlook for 2017. LMC trimmed its full-year 2017 forecast for new vehicle sales for the third consecutive month, pegging it at 17.1 million units from its previous forecast of 17.2 million.

News You Can Trust!

“As the U.S. auto market enters the fourth month in a row of a sub-17 million unit selling rate, nerves are being tested,” Jeff Schuster, senior vice president of forecasting at LMC Automotive, said in a release. “It will be challenging in the second half of the year to keep pace with 2016 … but a year still expected above 17 million units should not be considered a poor performance.” (more…)

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