From The Detroit News:
Fiat Chrysler Automobiles US, General Motors Co. and Ford Motor Co. each posted November U.S. sales gains on Tuesday, led by Fiat Chrysler’s 3 percent rise in sales, fueled in part by consumers seeking Black Friday car deals.
Ford’s sales rose 0.4 percent to 187,794 vehicles. Ford brand sales increased 0.6 percent and Lincoln fell 2.4 percent year-over-year.
Jeep brand sales jumped 19.9 percent year-over-year, while Ram sales were up about 0.5 percent. Chrysler sales fell 12.1 percent, Dodge brand sales slid 7.5 percent and Fiat sales dropped 2.6 percent.From Bloomberg (prior to results):
November new vehicles sales in the U.S. may hit a record for the month, driven by continued demand, low gasoline prices and several month-long Black Friday specials that drew consumers into showrooms.
Automakers, already poised to break U.S. sales records for both November and the year in a strengthening economy, are leaving nothing to chance: They’re boosting rebates and other deals in an effort to swipe market share from rivals.
The annualized sales pace for November may reach 18.2 million cars and light trucks.
Automakers, like retailers, have started kicking off their year-end holiday sales in November. Traditionally, December has been the time to buy a new vehicle. Now, with carmakers trying to steal buyers from each other, they have started their offers a month early.
When automakers report monthly sales Tuesday, the industry may show a decline in total vehicle sales of 1.6 percent. That is mostly because there were two fewer selling days than a year ago. The forecast includes gains of 2.9 percent for General Motors Co. and 3.2 percent for both Ford and Fiat Chrysler Automobiles NV.From USA Today:
Auto industry authorities expect monthly sales figures, slated to be released Tuesday, will show record-setting sales despite an increasingly common issue: not enough vehicles being produced.
"The demand is just insatiable right now for SUVs," says Erich Merkle, sales analyst for Ford Motor, where supplies are tight on the Explorer, Edge and Lincoln MKX. "That's what's hot, and it's showing up in the sales."
Honda has the same supply-and-demand problem. When it comes to the HR-V, CR-V and Pilot SUVs, "We can't get enough of them," says John Mendel, executive vice president in charge of sales for American Honda.
Even Volkswagen, dogged by a scandal over its diesel emissions, has a few models in tight supply.
Overall, dealers had a 24-day supply of smaller trucks in October on their lots, the most recent month in which supply data were available. That's down five days from the year before. The supply of compact crossovers was 44 days on average, down three days from the year before.
The industry average in October was a 62-day supply.Ford press release:
- Ford Motor Company U.S. sales of 187,794 vehicles, up slightly at 0.4 percent versus last November
- F-Series retail sales increase 16 percent, driving total F-Series sales to a 10 percent gain, with commercial vans up 59 percent; best November Ford Truck performance in eight years
- all-new Edge sales up 6 percent; new Explorer up 1 percent on strong demand for new high-end Platinum series
General Motors enjoyed the fruits of a renewed product lineup and a flourishing market for big vehicles in November, posting a 2% sales gain, compared to the same period a year earlier.
GM's performance in the retail sales market — which is more profitable than fleet sales to customers such as rental car companies and government — was better, up 4% for the month.
Like other companies, the automaker reaped the benefits of an industry-wide surge into crossovers, sport-utility vehicles and pickup trucks, which are typically more profitable than cars. Customers are showing less interest in cars amid low gasoline prices.
The company's Chevrolet brand rose 5% to 156,907 units for the month. Cadillac was up 2% to 13,390, but Buick fell 17% to 15,960 and GMC fell 2% to 43,039.
No comments:
Post a Comment