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Will Car Sales Really Recover?
64 messages, Last post on May 17, 2013 at 7:19 AM
You are in the Automotive News & Views Forum.What is this discussion about? Car Buying, Car Comparisons, Car Selling, Automotive News, Truck, Sedan, SUV
#39 of 64 Steady Pace Continues as Summer Approaches by steve_ HOST
May 24, 2012 (5:53 pm)
"Almost halfway through the year, the auto industry keeps chugging along toward a mid-14 million unit sales pace, said Jessica Caldwell, Sr. Analyst at Edmunds.com. With continued pent-up demand and consumers gaining more and more access to credit, there's every reason to believe that sales can continue at this rate through the rest of the year. "Edmunds.com May 2012 Auto Sales Forecast (Bloomberg)
#40 of 64 healthy sales by steve_ HOST
Jul 04, 2012 (8:10 am)
"Pent-up demand, falling gas prices and low interest rates are being credited with powering stronger-than-expected monthly gains in U.S. car sales."There was great pressure from automakers to close June strong, especially after the unexpectedly weak Memorial Day holiday weekend in May," said Edmunds.com Senior Analyst Jessica Caldwell."
Auto Sales Rev Up in June (Inside Line)
#41 of 64 healthy sales but not a buyer's market by steve_ HOST
Jul 07, 2012 (11:38 am)
"You would normally see some holiday sales, some summer sales now," she says. "But that hasn't started."Seller's Market: Where to Find Auto Deals This Summer (WSJ)
On the plus side, credit is cheap and easy to get again.
#42 of 64 leading the American economy by steve_ HOST
Sep 04, 2012 (4:13 pm)
"August once again played out the theme we've been seeing for some time: high pent-up demand that is being unleashed as consumers have to buy a new vehicle and feel confident enough to buy."- Toyota and Volkswagen were impressive performers in August, with sales rising 46 percent at Toyota and Volkswagen posting a 63 percent increase over last August.
- Volkswagen said it sold 10,090 Passats last month, marking the best August ever.
- Toyota's resulted indicated that the Japanese automaker largely has bounced back from the devastating 2011 earthquake and tsunami.
The domestic automakers posted strong August results.
Hyundai Motor America announced an all-time August sales record of 61,099 units.
Resilient Auto Industry Reports Robust August Sales (Inside Line)
#44 of 64 15 million in '13 by steve_ HOST
Sep 21, 2012 (2:35 pm)
Edmunds.com Forecasts 15 Million New Car Sales in 2013#45 of 64 12 consecutive months of decline by steve_ HOST
Oct 16, 2012 (1:38 pm)
"Mass-market manufacturers have responded to falling demand by lowering prices, but the severity of the situation has now forced them to consider more drastic action.While the premium-car segment is less price sensitive than the mass-market sector, Europe's economic woes have started to spill over into demand for larger, more powerful sedans and sport-utility vehicles. European registrations at Daimler fell 6.9% last month, and the German company recently cut its full-year profit target for its core Mercedes-Benz Cars division."
BMW, Audi, and the Koreans are about the only brands with increasing sales.
European Car Sales Slump Continues (WSJ)
#46 of 64 last chance to place your bets by steve_ HOST
Oct 28, 2012 (9:18 am)
October numbers will be out starting Thursday."Edmunds suggested that "strong performances" by the redesigned Honda Accord and Nissan Altima will propel the Japanese manufacturers to record October sales in the U.S.
The industry is expected to post an annual selling pace of 14.8 million to 14.9 million new-car sales in October, according to Edmunds and TrueCar, respectively. That would be the best October in five years."
U.S. new-car sales expected to sustain recent momentum (Detroit Free Press)
#47 of 64 October numbers by steve_ HOST
Nov 01, 2012 (4:07 pm)
"Automakers are reporting relatively healthy October sales, despite Hurricane Sandy's toll."October had been on track to be another strong month and was still a reasonably healthy month considering the punch Sandy packed," said Michelle Krebs, Edmunds.com senior analyst.
Before the storm, U.S. auto sales were expected to rise 11-12 percent for October, according to economists."
U.S. Auto Sales Relatively Healthy, Despite Hurricane Sandy's Toll (Inside Line)
- berri (Nov 01, 2012 5:33 pm)
Replies to this message:
#48 of 64 Re: October numbers [steve_] by berri
Nov 01, 2012 (5:33 pm)
Replying to: steve_ (Nov 01, 2012 4:07 pm)
If the northeast takes a sales hit because of the storm, I'm thinking the European models may be a bit more affected. They seem very popular there. If they can make the inventory available they'll get it back on the flip side. Otherwise it might benefit Asia or Detroit a little.
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