An Encouraging Note: US Sales Stay Strong in September

US light-vehicle year-over-year sales gains in September trumped news about uncertainty in the global economy, concern about the volatility of the stock market, and reports of lower consumer sentiment.

In September, retailers sold nearly 10%* more new vehicles in the US market than in the same month last year, based on J.D. Power analysis. September sales totaled nearly 1.051 million units compared with 956,639 unit sales a year ago.

J.D. Power’s analysts predicted that the pace for total US light-vehicle sales (retail and fleet) in September would hit 13.0 million units—which it did. In fact, the sales pace averaged nearly 13.1 million units in September. Continue reading ›

Some Automakers Post Stronger-than-Expected US Sales in August

In spite of Hurricane Irene’s lingering effects on the East Coast, including power outages and flooding, and a continued slowing of the US economy, which has hurt consumer sentiment, August US light-vehicle sales totals from a number of automakers were slightly stronger than anticipated.

All three Detroit-based automakers posted sales increases from August of last year, which had one less selling day. Both General Motors (+13.5%) and Fiat-Chrysler Group (+25.6%) deliveries were up in double digits, and Ford Motor Co.’s sales improved in the high single digits (+6.9%).

GMC, Jeep, Lincoln Outpace Industry

GMC (+35.1%) was the sales leader in terms of percentage gains among General Motors’ core brands, and sales of the Chevrolet Cruze compact passed the 20,000-unit sales mark for a fifth consecutive month, which likely made it one of the 10 best sellers in the US market. Chrysler’s Jeep brand sales increased by nearly 52% from last year as the automaker’s brands were helped by a 90-day-postponed-payment incentive on some models. Ford Motor Company said both Ford Explorer and Fiesta deliveries were strong, while Lincoln brand deliveries were up in double digits (+19.8%) from a year ago. Ford F-Series totals slipped slightly on a selling-day-adjusted basis*, although more than 48,000 large Ford pickup trucks were delivered and 41% were equipped with the 3.5-liter EcoBoost engine, according to Ford. Continue reading ›