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NADA projects 11.3% rise in auto sales in 2011

Filed under: Car Buying, Etc.

Shopping for a Hyundai Genesis Coupe

The US Auto Industry may be looking at a 2011 filled with sales gains, if NADA’s forecasters are correct. The National Automobile Dealer’s Association predicts that US auto sales will rise 11.3 percent. That puts total volume just shy of 13 million units.

The reason for the increase? The average age of cars and trucks on the road is approximately 10.3 years. Therefore, the increased sales will be driven by consumer needs rather than desires. Basically, people will have to upgrade their heaps for something shiny and new (and running).

[Source: Automotive News – sub. req. | Image: Kevork Djansezian/Getty]

NADA projects 11.3% rise in auto sales in 2011 originally appeared on Autoblog on Sun, 09 Jan 2011 12:05:00 EST. Please see our terms for use of feeds.

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Officially Official: Chevrolet Camaro beats Ford Mustang in 2010 sales

Filed under: Car Buying, Coupe, Performance, Chevrolet, Ford, GM

Chevrolet Camaro wearing 2010 sales king crown

In the American sports car landscape, the Chevrolet Camaro is the king… of sales for 2010. For the first time since 1985, the Camaro has outsold its arch rival, the Ford Mustang. In fact, Chevrolet sold 7,655 more of its sporty coupes than the Blue Oval. General Motors moved 81,371 Camaros compared to 73,716 Mustangs.

Both automakers have reasons to celebrate, however, because sales for each model are up year over year. Compared to 2009, Mustang sales climbed 10.6 percent and Camaro sales soared by 31.9 percent. Ford and General Motors are looking at positive numbers across the board, with the exception of GM’s now-defunct brands. Heck… even now-defunct Mercury sales rose one percent in 2010.

[Sources: Ford, General Motors]
Photo copyright (C)2011 AOL

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Officially Official: Chevrolet Camaro beats Ford Mustang in 2010 sales originally appeared on Autoblog on Tue, 04 Jan 2011 14:01:00 EST. Please see our terms for use of feeds.

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Report: Chrysler Town & Country set to reclaim minivan sales crown from Honda Odyssey

Filed under: Car Buying, Minivan/Van, Chrysler, Honda, Nissan, Toyota

2011 Chrysler Town & Country

2011 Chrysler Town & Country – Click above to view high-res image gallery

Is the real swagger wagon of 2010 built by Chrysler? If you go by total sales, it is. The Chrysler Town & Country has been a player in the minivan market since its arrival in 1990. Now in its fifth generation, the Town & Country has just been refreshed after a comprehensive redesign in 2008. It’s not alone in getting an upgrade, however, as some serious competition arrived from Japan in 2010.

All-new minivan models for 2011 include the Honda Odyssey, Toyota Sienna and Nissan Quest, with each of them stuffing a ton of features into modern packages. The Odyssey, which has been the segment’s best-seller for the last two years, has had a strong year. Yet despite serious pressure in a surprisingly strong minivan market (2010 will see the segment’s first volume uptick since 2005), the Town & Country has climbed the sales board and is poised to take out Japan’s finest.

According to The Detroit News, the T&C is sitting on 102,495 sales through November, while its closest competitor, the Honda Odyssey, has sold 98,035 units. Trailing further behind those two is the Sienna with 89,509 sales so far this year. There is one month left but Chrysler’s, familymobile seems to be sitting pretty.

Gallery: 2011 Chrysler Town & Country

[Source: The Detroit News]

Report: Chrysler Town & Country set to reclaim minivan sales crown from Honda Odyssey originally appeared on Autoblog on Thu, 30 Dec 2010 13:45:00 EST. Please see our terms for use of feeds.

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Report: Ford looks ready to overtake Toyota for No. 2 sales position

Filed under: Car Buying, Ford, Toyota, Earnings/Financials

As difficult as the past few years have been for the U.S. auto industry, automakers and analysts alike continue to hope for a better future. 2010 has been a vast improvement over 2009, with sales up 11 percent. Even better, the last three months have seen sales rise above an annualized rate of 12 million cars and trucks, and analysts see 2011 sales approaching 13 million units.

Nearly all automakers have benefited from customers’ renewed faith in the economy, but few have fared as well as Ford. The Blue Oval has seen sales rise by 21 percent so far in 2010, and the Dearborn, MI-based automaker appears destined to reclaim its spot as the number two automaker in the States. Ford analyst George Pipas points out to The Detroit News that the automaker has seen two consecutive years of market share increase for the first time since 1993, going from 14.2 percent in 2008 to an expected 16.8 percent for 2010. At the same time, Toyota has seen its share shrink to 15.2 percent due in part to the recall of 6.75 million vehicles in the U.S. alone and over 10 million cars and trucks globally. Should sales trends continue, Ford will overtake Toyota in sales for the first time since the Japanese automaker wrestled away the number two spot back in 2007. General Motors remains at the top of the U.S. sales food chain, stabilizing its market share at 19.3 percent despite shedding four brands during bankruptcy.

Ford had a fantastic 2010, and with the 2011 Explorer and 2012 Focus on their way to showrooms and continued momentum from cars like the Mustang, we’re thinking 2011 will be a winner as well. Meanwhile, Toyota will need some fresh product in its showrooms if it hopes to re-engage Ford and take back its place in line. And it will be tougher than ever to steal sales from GM or Chrysler, as both companies have stabilized market share and have new product for 2011.

[Source: The Detroit News | Image: Paul Sakuma/AP]

Report: Ford looks ready to overtake Toyota for No. 2 sales position originally appeared on Autoblog on Tue, 21 Dec 2010 13:01:00 EST. Please see our terms for use of feeds.

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Dismal hybrid, electric vehicle sales in China concern automakers

To say that sales of alt-energy vehicles in China have been dismal would be an understatement. Despite investing million into advanced alternative fuel powertrains, the Global Times reports that many Chinese automakers are facing the tough decision to either ditch their green car plans or continue on with sales that are far below expectations.

Due to poor sales volume, Changan Auto has pulled the plug on its hybrid Jiexun. According to the company, not a single Jiexun was sold during the last year. BYD faces similar struggles, reporting that it has sold only 54 E6 electric vehicles and just 290 F3DM plug-in hybrids between January and October of this year. Even Toyota admits that Prius sales volume, which has been at less than 4,000 for each of the past three years, is below the company’s expectations.

Many Chinese automakers have voiced concerns and are calling upon the government to help boost sales of advanced-technology vehicles. So far, however, buyers have shown little interest in purchasing the high-tech rides that often come with steep price tags.

Source: Global Times]

Dismal hybrid, electric vehicle sales in China concern automakers originally appeared on Autoblog on Sat, 11 Dec 2010 15:04:00 EST. Please see our terms for use of feeds.

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CR-Z, Crosstour, Insight sales hurting – Odyssey lone bright spot among new Honda models

Filed under: Car Buying, Honda, Earnings/Financials

2011 Honda CR-Z

2011 Honda CR-Z – Click above for high-res image gallery

Honda has hit rough water with sales of its new CR-Z, Accord Crosstour and Insight models According to Automotive News, the three models are underperforming in a big way.

Take the Insight hybrid, which is falling 40,000 units short of even the most conservative estimates inside the company. Outsold 8-to-1 by its Toyota Prius rival, Honda has only managed to shift 19,325 units through November – the company originally targeted sales of 60,000 to 80,000.

Likewise, thus far this year, Honda has sold nearly 20,000 fewer Crosstour models than its biggest competitor – the Toyota Venza, selling just 25,927 units compared to the Toyota’s 43,325. Need we remind you, Honda’s original sales goal for the Crosstour was 40,000 units per year, a number we were deeply skeptical of after first driving the vehicle at its launch last November.

Although it hasn’t been on the market that long, early sales for Honda’s new CR-Z hybrid coupe aren’t any more encouraging. Automotive News reports that Honda had conservatively intended to sell around 15,000 of the two-seat hybrids per year, but so far, only 4,373 have made their way off of dealer lots and another 3,000 are currently sitting in inventory. Thankfully, there is one bright spot in the Honda stable – the 2011 Odyssey. The minivan bowed in September, and it’s performing well against a minivan segment that has heated up with a range of new competitors.

Automotive News suggests that the problem boils down to a change in Honda’s image from a company with compelling products to one that plays it safe. Throw in styling that isn’t for everyone and aging (but still selling) models like the CR-V and Accord, and you’ve got a recipe for decreased market share.

Honda, meanwhile, says that it doesn’t focus on market share because that leads to bad habits (read: incentives), instead opting to focus on percentage-increases in vehicles sold. That’s a fair strategy, but slow sales of key new models suggest that Honda needs to do some soul-searching. Might we suggest getting back to its roots as an engineering-driven car company?

Gallery: 2011 Honda CR-Z: Review

[Source: Automotive News – sub. req.]

CR-Z, Crosstour, Insight sales hurting – Odyssey lone bright spot among new Honda models originally appeared on Autoblog on Mon, 06 Dec 2010 19:29:00 EST. Please see our terms for use of feeds.

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Report: Tata Nano sales plunge to just 589 units in November

Filed under: Car Buying, Budget, India, Tata

2011 Tata Nano CX

2011 Tata Nano CX – Click above for high-res image gallery

The Tata Nano was such a hot commodity when it entered the Indian market that Tata Motors felt compelled to hold a lottery to determine the first 100,000 customers. A reported 70,000 copies of the $2,500+ econobox have been sold to date, but November apparently didn’t budge that number much.

Bloomberg reports that only 589 Nano models were sold in November; a minuscule total for a mass-market car. Tata CEO Carl-Peter Forster reportedly blames a lack of financing options as the reason customers aren’t buying. Forster claims that the Nano is popular with customers who currently use a bike or motorcycle for transportation, and the feeling is that banks fear that extending a loan to a lower income buyer could bring increased risk of default.

But while bank loans are one problem, another issue could stem from the fact that the Nano has been in the news for catching fire. That’s definitely not a desirable feature, and we’re thinking that customers who plunk down their life savings for their first vehicle don’t want their low-cost car to turn into a pricey car-b-que. The ‘no loans’ theory sounds even less likely after hearing that overall Tata sales in November were 54,622, up one percent year-over-year. And the icing on the cake? Tata has also raised the price of the Nano twice over the past few months; $198 in October and four percent back in July. That’s about $300 more than the car sold for at launch.

Gallery: 2011 Tata Nano CX: Quick Spin

[Source: Bloomberg]

Report: Tata Nano sales plunge to just 589 units in November originally appeared on Autoblog on Thu, 02 Dec 2010 11:28:00 EST. Please see our terms for use of feeds.

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Farmer Knows Best: Pickup sales boosted by booming agrarian economy?

Filed under: Car Buying, Truck, Dodge, Ford, GM, Toyota

2011 Ford F-150

2011 Ford F-150 – Click above for high-res image gallery

Through the first nine months of 2010, the auto industry is on pace to increase sales by 10 percent versus 2009, and pickup trucks are leading the charge. Bloomberg reports that bedded haulers are up 14 percent on the year, led by increased demand from the farming industry. Farmers have seen their revenues increase by $9 billion over last year, with both prices and demand rising in part because of droughts in Russia and Canada. Farmers are using their new-found dollars to invest in their businesses, and trucks are among the biggest and best tools in the ~~box~~ barn.

Automakers are beneficiaries of this investment, as truck sales climb and profits soar. Analyst Joe Barker of IHS Automotive claims that automakers can make up to $15,000 on each pickup sold, a figure that holds firmest when incentives are down. And with sales up, incentives have dipped. Edmunds shows that trucks have an average MSRP of $34,235, or about $2,000 higher than in 2009. Supply and demand really does work.

The biggest recipient of the increased demand for pickups has so far been Ford, which has seen its F-Series pickups jump by 31 percent. Chevy Silverado sales are up 17 percent as well. Even the Toyota Tundra, which has struggled in the U.S. market, is up 21 percent. The Ram appears to be the only truck suffering through the pickup truck boom, with sales down one percent year-over-year.

Gallery: 2011 Ford F-150: First Drive

2011 Ford F-150

[Source: Bloomberg]

Farmer Knows Best: Pickup sales boosted by booming agrarian economy? originally appeared on Autoblog on Sun, 24 Oct 2010 17:36:00 EST. Please see our terms for use of feeds.

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Report: Fleet sales artificially inflating auto rebound

Filed under: Car Buying, Earnings/Financials

Hertz rental counter

Third quarter automotive sales figures were the best the industry has seen in just over a year. How are the automakers managing such numbers in light of a puffed-up 2009 third quarter filled with C4C transactions? Fleet sales.

According to Automotive News, during the third quarter of 2010, General Motors, Ford, Kia, Hyundai, Toyota, Chrysler and Nissan combined to sell nearly 2.3 million vehicles. That total is the result of over 1.8 million retail sales and over 450,000 fleet sales. The problem is that the retail figure is actually down four percent from the prior year whereas fleet volume is up 24 percent. Combined, the overall number is up one percent compared with total sales for the third quarter of 2009.

Every one of those previously mentioned automakers, with the exception of GM, Hyundai and Kia, saw a dramatic rise in fleet sales for Q3 2010. In fact, Nissan was up 557 percent; having sold 972 fleet vehicles last year and then 6,384 this year. In Chrysler’s case, the Auburn Hills automaker was previously quoted as gunning for a year-end fleet mix of 25 percent, but it’s currently running at 39 percent with 39,474 units for September versus 24,070 at this time last year.Even with that sizeable increase in vehicles sold, Chrysler sold far fewer vehicles in 2009, so its fleet percentage remains the same.

[Source: Automotive News – sub. req. I Image: Chris Hondros/Getty]

Report: Fleet sales artificially inflating auto rebound originally appeared on Autoblog on Tue, 12 Oct 2010 13:29:00 EST. Please see our terms for use of feeds.

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Worldwide Toyota Prius sales crack 2-million mark,10-year anniversary celebration planned

Filed under: Car Buying, Hybrid, Hatchback, Toyota

2010 Toyota Prius

2010 Toyota Prius – Click above for high-res image gallery

The Toyota Prius, launched in Japan in 1997 and introduced in Europe, North America and other markets in 2000, is without a doubt the best-selling hybrid vehicle ever produced. With a market that spans more than 70 countries and regions, the Toyota Motor Company’s economical hybrid is the most widely distributed gas-electric in this land (and just about every other one, too).

Selling at a rate of about 400,000 annual units worldwide, the Prius sits head-and-shoulders above any of its so-called competitors. All these sales mean you get to reach milestones now and again. Last month, the Prius reached another one, shattering the two-million sales mark worldwide. By the end of September, sales of the Prius stood at 2,012,000 and counting. You can hold back the applause for now, as the Prius’ record-setting run is far from over. Oh, yeah, a congratulatory pat on the back is welcomed as we also celebrate ten years of Prius sales in the U.S. which takes place, appropriately enough, on 10.10.10. Hit the jump for more on the Prius’ sales totals and plans for its ten-year anniversary celebration.

Gallery: Review: 2010 Toyota Prius

[Source: Toyota]

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Worldwide Toyota Prius sales crack 2-million mark,10-year anniversary celebration planned originally appeared on Autoblog on Fri, 08 Oct 2010 17:31:00 EST. Please see our terms for use of feeds.

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