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Will Car Sales Really Recover?

64 messages,  Last post on May 17, 2013 at 7:19 AM

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What is this discussion about? Car Buying, Car Comparisons, Car Selling, Automotive News, Truck, Sedan, SUV

    

Messages Page 6 of 7

#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)

#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.

#49 of 64 mixed results, blame Sandy by steve_ HOST

Nov 02, 2012 (6:42 am)

"Automakers on Thursday reported mixed U.S. sales results for October as Superstorm Sandy put a damper on East Coast vehicle purchases at the month's end.
 
Overall, new car and truck sales were up 6.9 percent on volume of 1,092,205 units compared with 1,021,313 a year ago. The impact of high fuel prices was again evident, as car sales increased 13 percent while truck sales edged up 1.6 percent."
 
U.S. truck, car sales up 6.9 percent in October (Detroit News)

#50 of 64 big bump for the refreshed Civic by steve_ HOST

Dec 04, 2012 (7:16 am)

Top 20 selling auto models, November 2012 (Detroit Free Press)

#51 of 64 rebounding by steve_ HOST

Jan 03, 2013 (9:21 am)

"In 2012, the pace of automotive industry sales steadily increased even as the national economy sputtered and often appeared to stall. Sales of cars and trucks increased in part because of pent-up-demand from the recession when people postponed purchases.
 
The rebound in sales occurred even though the industry cut its incentives.
 
For the year, the average new car incentive fell 5.1%, according to Edmunds.com."
 
Auto industry's 2012 sales best since 2007: Chrysler up 10% in December; Ford, 1.9%; GM, 4.9% (Detroit Free Press)

#52 of 64 top sales by steve_ HOST

Jan 08, 2013 (6:59 am)

Who knew that predicting sales was just as much a combat sport as being the sales winner?
 
Edmunds.com Analyst Named Top Auto Sales Forecaster of 2012 (fortmilltimes.com)
 
Grade The Analysts (thetruthaboutcars.com)

#53 of 64 1,042,479 by steve_ HOST

Feb 06, 2013 (4:38 pm)

"The year 2013 is off to a strong start with January car sales totaling 1,042,479 vehicles, the first January the industry has surpassed the 1-million-unit mark since 2008. The 14-percent increase in sales compared with a year ago pushed the Seasonally Adjusted Annual Rate (SAAR) of sales of 15.3 million vehicles, precisely in line with Edmunds.com's forecast and on par with the past couple of months, but significant since January usually is slow sales month."
 
January Car Sales Off to a Fast Start

#54 of 64 Re: 1,042,479 [steve_] by ateixeira

Feb 15, 2013 (7:38 am)

Replying to: steve_ (Feb 06, 2013 4:38 pm)
There has to be pent-up demand. How many people have been waiting on the sidelines since 2008?
 
Plus, look how much more fuel efficient cars are now. That's driving demand, those 2008s are paid off and people will be looking to trade them in soon.
 
I think 15M is low...

Messages Page 6 of 7

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