sales slump

Do ugly May car sales mean a recession is coming?
Do ugly May car sales mean a recession is coming?

The numbers are in, and as expected, May's auto sales stats are nothing to write home about. Is this a sign that America's headed toward a recession repeat? For tl;dr types, the answer is: probably not, but we may be witnessing a cool-down in the country's red-hot auto market. Auto sales in the...Read More»

Saab's Sales Hole: How Deep? Volt, Leaf Outsell New 9-5 Sedan post thumbnail
Saab's Sales Hole: How Deep? Volt, Leaf Outsell New 9-5 Sedan

How tough a spot is Saab in? Its production has been shut down since April 5 because its suppliers say they're not being paid for parts, and its 2010 sales were just 31,696 cars--globally. To put Saab's sales in perspective, consider that Toyota sells an average of 25,000 Camry sedans every month...Read More»

Americans In No Hurry To Retire Clunkers, As Sales Falter post thumbnail
Americans In No Hurry To Retire Clunkers, As Sales Falter

It's the cycle of life. As we buy new vehicles, we trade others in; frugal used-car owners buy those, and sell their older vehicles. And in turn, a tired heap of a vehicle is retired. Trouble is, we're not retiring as many vehicles as we used to. The average vehicle in the U.S. is now about ten...Read More»

2010 Sales Stats Are In: A Look At The Winners & The Losers post thumbnail
2010 Sales Stats Are In: A Look At The Winners & The Losers

If you're old enough to read this, you're old enough to remember 2009's slumping auto market. Economists and auto analysts predicted that the U.S. would see a rebound in 2010, but now that the year has drawn to a close, inquiring minds want to know: were the pundits right? Let's take a look. The...Read More»

October Auto Sales Looking Bullish, But Real Recovery Still Distant post thumbnail
October Auto Sales Looking Bullish, But Real Recovery Still Distant

For much of this year, automakers overall have become smarter about controlling inventories and slowing production to match still-tepid demand at dealerships. But it looks like some assembly plants are (or will be) roaring back to capacity for a while: A number of new 2011 models, such as the...Read More»

September Auto Sales Surged, But There's A Clunkers Reality Check post thumbnail
September Auto Sales Surged, But There's A Clunkers Reality Check

Sales were up 29 percent this past month, versus last September. But before you crack open the champagne and celebrate the end of the auto-industry recession, remember that last September a number of showrooms were very, very quiet. It's a little hard to interpret, as the Cash for Clunkers program...Read More»

GM Increases Production Of 2011 Chevrolet Equinox, GMC Terrain post thumbnail
GM Increases Production Of 2011 Chevrolet Equinox, GMC Terrain

Despite what can rightly be called the worst auto market in decades, there are a few signs that long-downtrodden parts of the industry are rebounding. Take GM, for instance: It's actually increasing production of a couple of its strong-selling crossover models, the 2011 Chevrolet Equinox and 2010...Read More»

Signs Of A Rebound, Yet The Worst Auto Market Since The 1950s post thumbnail
Signs Of A Rebound, Yet The Worst Auto Market Since The 1950s

Some of the phrases used in headlines this week, to describe August auto sales, have been brutal: "sales slowing to a crawl," "taking a tumble," or "struggling along" were just a few. But they're pretty appropriate. "We saw the worst August in 28 years," looking at sales altogether, assessed Jesse...Read More»

Trends: Fewer Teens Buying Cars, Younger Motorists Driving Less post thumbnail
Trends: Fewer Teens Buying Cars, Younger Motorists Driving Less

It's the peak of summer-job season. And while in the past savings from teens' summer jobs used to often go towards buying a first used car, today it's more likely to go be used for a smartphone, and young drivers are more likely to share the family car—a safer option, anyway—or stay out of the...Read More»

J.D. Power: It's A Mixed Bag For Auto Sales  post thumbnail
J.D. Power: It's A Mixed Bag For Auto Sales

J.D. Power has good news and bad news for the auto industry. On the plus side, production is up dramatically from a year ago, and July sales will be significantly higher than those of June. On the down side, the company has scaled back its retail sales forecast for 2010, and a return to...Read More»

Auto-Industry Recovery: Not Quite Yet, Analysts Say post thumbnail
Auto-Industry Recovery: Not Quite Yet, Analysts Say

Analysts at the market-research firm AutoPacific report that though there are many indications that the recession is ending—or over—there might not be any strong indicators in the automotive sector that things will get much better anytime soon. The firm has found that new-vehicle purchase...Read More»

Despite Clunkers, U.S. Still Scraps More Cars Than It Buys post thumbnail
Despite Clunkers, U.S. Still Scraps More Cars Than It Buys

While last summer's Cash for Clunkers program appears to have accomplished many of its goals, car and light-truck sales are still far from returning to where they were just a few years ago. In fact, just months ago, the U.S. was scrapping more vehicles than were sold. R.L. Polk & Co. studied...Read More»

Report: General Motors Will Own 17% Of The U.S. Market; Ford, Toyota Right Behind post thumbnail
Report: General Motors Will Own 17% Of The U.S. Market; Ford, Toyota Right Behind

The past couple of months, Toyota's recall fiasco has scuffed the automaker's image, but over the last year and a half, General Motors may have fared far worse. Between its bankruptcy, restructuring, dealer cuts, and brand wind-downs, GM has been hit with a barrage of criticism from the government...Read More»

Ford Is February Sales Champion, GM and Toyota Left In Dust post thumbnail
Ford Is February Sales Champion, GM and Toyota Left In Dust

Well, here's one recipe for success in the U.S. auto business: Introduce a rapid-fire sequence of new and thoroughly revised vehicles with best-in-class fuel efficiency, then quickly roll out a widely-acclaimed voice-activated infotainment system across all your lines. Oh, yeah, and ... don't take...Read More»

Chrysler: Sales Slip, Product Offerings For Fans Expand post thumbnail
Chrysler: Sales Slip, Product Offerings For Fans Expand

To put it mildly, Chrysler is having a tough time on the sales front. Despite some incentives added over the last weekend of January to woo safety-concious Toyota owners looking for a trade-in, the company saw an 8% slip in sales compared to January 2009 -- which was itself a dismal month, ringing...Read More»

U.S. Fleet Shrinks, As More Vehicles Go To The Crusher post thumbnail
U.S. Fleet Shrinks, As More Vehicles Go To The Crusher

For the first time since Word War II, the annual number of vehicles scrapped exceeded the number of new vehicles sold. That’s solemn news for the auto industry. U.S. vehicle sales had been in a sustained boom period of 15 to 17 million vehicles per year from 1994 through 2007. And the size of the...Read More»

Scott Keogh Explains Why Audi Is The Only One Making Money post thumbnail
Scott Keogh Explains Why Audi Is The Only One Making Money

To hear Scott Keogh tell it, Audi is the only car company making money these days. When he says that, we suppose he means "only non-Asian car company", since Hyundai, Kia, and Subaru were up 8.3%, 9.8%, and 15.4% respectively in 2009. But maybe we're just stuck on semantics. Now, we agree with Audi...Read More»

Carlos Ghosn: Auto Sales Have Bottomed, Nowhere To Go But Up post thumbnail
Carlos Ghosn: Auto Sales Have Bottomed, Nowhere To Go But Up

Speaking at a World Economic Forum in New Delhi, Carlos Ghosn -- head of Nissan Motor Company and Renault SA -- had some interesting things to say about the global auto industry. Among the most notable and encouraging items, Ghosn believes that the international sales slump has ended and that the...Read More»

Toyota Posts First Profit In Months, Lifts Sales Projections post thumbnail
Toyota Posts First Profit In Months, Lifts Sales Projections

Detroit's Big Three may have grabbed most of this week's headlines, but that doesn't mean that the rest of the world's automakers have been sitting on their hands. One story that isn't getting much play is the fact that Toyota Motor Company -- which posted its first-ever loss last fiscal year --...Read More»

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