NOVEMBER 2007 Vehicle Sales
12-03-07, 03:52 PM
#31
Just my opinion, but there are some pics of the redone exterior of the Sonata, and looks like they added a lot of chrome which might be a bit tacky. The current look seems fairly mainstream. Unless they are trying to go upscale and think that's the way to do it. Do they want to be an entry-luxury brand (Azera, Genesis) or the next Nissan?
Now is when the December holiday sales events are in full swing, we'll see if that puts an extra bump on the final year's tally. Wow...2007 went by fast!
Now is when the December holiday sales events are in full swing, we'll see if that puts an extra bump on the final year's tally. Wow...2007 went by fast!
12-03-07, 05:55 PM
#32
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12-03-07, 06:30 PM
#33
GM November Sales
GM Reports 263,654 November Deliveries; Retail Car Deliveries Up
Monday December 3, 2:04 pm ET
<< - Chevrolet Malibu Retail Sales Up 40 Percent; Chevy Cars Up 15 Percent
- All-New CTS Drives 15 Percent Cadillac Car Sales Increase
- Enclave, OUTLOOK and Acadia Crossovers Post Strong Retail Sales
- Dealer Inventories Down 97,000 Vehicles Year-Over-Year
- Planned Daily Rental Sales Reduction of 28.5 Percent >>
http://biz.yahoo.com/cnw/071203/mi_g...ales.html?.v=1
Monday December 3, 2:04 pm ET
<< - Chevrolet Malibu Retail Sales Up 40 Percent; Chevy Cars Up 15 Percent
- All-New CTS Drives 15 Percent Cadillac Car Sales Increase
- Enclave, OUTLOOK and Acadia Crossovers Post Strong Retail Sales
- Dealer Inventories Down 97,000 Vehicles Year-Over-Year
- Planned Daily Rental Sales Reduction of 28.5 Percent >>
http://biz.yahoo.com/cnw/071203/mi_g...ales.html?.v=1
Code:
Calendar Year-to-Date November January - November Curr S/D: 25 % Chg Prev S/D: 25 2007 2006 per S/D 2007 2006 %Chg Vehicle Total 263,654 297,556 -11.4 3,543,167 3,783,318 -6.3 Car Total 105,077 109,985 -4.5 1,372,830 1,495,791 -8.2 Truck Total 158,577 187,571 -15.5 2,170,337 2,287,527 -5.1 Light Truck Total 156,196 183,573 -14.9 2,129,944 2,235,049 -4.7 Light Vehicle Total 261,273 293,558 -11.0 3,502,774 3,730,840 -6.1 Market Division Vehicle Total Calendar Year-to-Date November January - November % Chg 2007 2006 per S/D 2007 2006 %Chg Buick 13,245 18,089 -26.8 171,391 224,671 -23.7 Cadillac 17,041 17,250 -1.2 193,290 204,299 -5.4 Chevrolet 151,642 171,003 -11.3 2,080,015 2,221,059 -6.4 GMC 34,549 37,440 -7.7 460,243 439,452 4.7 HUMMER 4,029 5,795 -30.5 50,653 64,596 -21.6 Oldsmobile 0 0 ---.- 0 96 ---.- Other - Isuzu 0 1,138 ---.- 7,906 13,185 -40.0 Pontiac 26,040 26,154 -0.4 327,811 377,457 -13.2 Saab 2,003 2,497 -19.8 29,963 32,814 -8.7 Saturn 15,105 18,190 -17.0 221,895 205,689 7.9 Sales of Vehicles Produced in US/Canada/Mexico Car 98,174 103,865 -5.5 1,282,643 1,403,507 -8.6 Light Truck 156,196 183,573 -14.9 2,129,944 2,235,049 -4.7 Twenty-five selling days for the November period this year and twenty- five for last year. - Prior to Aug '07, includes American Isuzu Motors, Inc., dealer sales of commercial vehicles distributed by GM as reported to GM by American Isuzu Motors, Inc. Effective Aug '07, GM only includes GMC & Chevrolet dealer sales of commercial vehicles distributed by American Isuzu Motors, Inc. GM Car Deliveries - (United States) November 2007 Calendar Year-to-Date November January - November %Chg 2007 2006 per S/D 2007 2006 %Chg Selling Days (S/D) 25 25 Century 0 2 ---.- 5 82 -93.9 LaCrosse 3,134 5,033 -37.7 44,207 66,396 -33.4 LeSabre 0 35 ---.- 121 2,280 -94.7 Lucerne 6,080 8,038 -24.4 77,101 90,821 -15.1 Park Avenue 0 3 ---.- 26 49 -46.9 Regal 0 0 ---.- 0 30 ---.- Buick Total 9,214 13,111 -29.7 121,460 159,658 -23.9 CTS 5,586 3,601 55.1 50,252 50,024 0.5 DeVille 0 21 ---.- 71 784 -90.9 DTS 3,751 4,358 -13.9 47,231 53,269 -11.3 Seville 0 0 ---.- 0 9 ---.- STS 1,928 1,651 16.8 18,558 23,226 -20.1 XLR 97 257 -62.3 1,622 2,917 -44.4 Cadillac Total 11,362 9,888 14.9 117,734 130,229 -9.6 Aveo 5,185 3,285 57.8 60,705 54,252 11.9 Cavalier 0 9 ---.- 57 350 -83.7 Classic 0 1 ---.- 17 18 -5.6 Cobalt 13,629 10,514 29.6 183,029 197,844 -7.5 Corvette 2,438 2,773 -12.1 30,771 33,437 -8.0 Impala 22,824 23,411 -2.5 293,328 263,708 11.2 Malibu 7,210 8,240 -12.5 116,140 152,447 -23.8 Monte Carlo 498 2,173 -77.1 15,380 31,697 -51.5 SSR 1 111 -99.1 241 3,698 -93.5 Chevrolet Total 51,785 50,517 2.5 699,668 737,451 -5.1 Alero 0 0 ---.- 0 67 ---.- Oldsmobile Total 0 0 ---.- 0 67 ---.- Bonneville 0 25 ---.- 130 1,125 -88.4 G5 2,170 1,458 48.8 25,419 6,281 304.7 G6 11,616 10,925 6.3 132,894 143,840 -7.6 Grand Am 0 33 ---.- 99 811 -87.8 Grand Prix 5,743 5,635 1.9 84,123 99,937 -15.8 GTO 25 735 -96.6 4,184 10,371 -59.7 Solstice 1,360 1,305 4.2 15,493 18,361 -15.6 Sunfire 0 10 ---.- 39 846 -95.4 Vibe 3,128 2,388 31.0 33,825 42,687 -20.8 Pontiac Total 24,042 22,514 6.8 296,206 324,259 -8.7 9-2X 0 65 ---.- 118 1,358 -91.3 9-3 1,432 1,623 -11.8 21,206 21,999 -3.6 9-5 261 412 -36.7 3,974 4,304 -7.7 Saab Total 1,693 2,100 -19.4 25,298 27,661 -8.5 Aura 4,158 4,279 -2.8 54,645 13,905 293.0 ION 2,059 6,626 -68.9 47,197 94,880 -50.3 Saturn L Series 0 0 ---.- 2 20 -90.0 Sky 764 950 -19.6 10,620 7,661 38.6 Saturn Total 6,981 11,855 -41.1 112,464 116,466 -3.4 GM Total 105,077 109,985 -4.5 1,372,830 1,495,791 -8.2 GM Car Deliveries by Production Source GM North America ^ 98,174 103,865 -5.5 1,282,643 1,403,507 -8.6 GM Import 6,903 6,120 12.8 90,187 92,284 -2.3 GM Total 105,077 109,985 -4.5 1,372,830 1,495,791 -8.2 GM Car Deliveries by Production Source and Marketing Division Buick Total 9,214 13,111 -29.7 121,460 159,658 -23.9 Cadillac Total 11,362 9,888 14.9 117,734 130,229 -9.6 Chevrolet Total 46,600 47,232 -1.3 638,963 683,199 -6.5 Oldsmobile Total 0 0 ---.- 0 67 ---.- Pontiac Total 24,017 21,779 10.3 292,022 313,888 -7.0 Saturn Total 6,981 11,855 -41.1 112,464 116,466 -3.4 GM North America Total^ 98,174 103,865 -5.5 1,282,643 1,403,507 -8.6 Chevrolet Total 5,185 3,285 57.8 60,705 54,252 11.9 Pontiac Total 25 735 -96.6 4,184 10,371 -59.7 Saab Total 1,693 2,100 -19.4 25,298 27,661 -8.5 GM Import Total 6,903 6,120 12.8 90,187 92,284 -2.3 GM Vehicle Deliveries by Marketing Division Buick Total 13,245 18,089 -26.8 171,391 224,671 -23.7 Cadillac Total 17,041 17,250 -1.2 193,290 204,299 -5.4 Chevrolet Total 151,642 171,003 -11.3 2,080,015 2,221,059 -6.4 GMC Total 34,549 37,440 -7.7 460,243 439,452 4.7 HUMMER Total 4,029 5,795 -30.5 50,653 64,596 -21.6 Oldsmobile Total 0 0 ---.- 0 96 ---.- Other-Isuzu Total 0 1,138 ---.- 7,906 13,185 -40.0 Pontiac Total 26,040 26,154 -0.4 327,811 377,457 -13.2 Saab Total 2,003 2,497 -19.8 29,963 32,814 -8.7 Saturn Total 15,105 18,190 -17.0 221,895 205,689 7.9 GM Total 263,654 297,556 -11.4 3,543,167 3,783,318 -6.3 ^ Includes US/Canada/Mexico GM Truck Deliveries - (United States) November 2007 Calendar Year-to-Date November January - November % Chg 2007 2006 per S/D 2007 2006 %Chg Selling Days (S/D) 25 25 Enclave 3,834 0 ---.- 24,560 0 ---.- Rainier 51 773 -93.4 4,715 11,930 -60.5 Rendezvous 11 3,477 -99.7 15,258 41,853 -63.5 Terraza 135 728 -81.5 5,398 11,230 -51.9 Total Buick 4,031 4,978 -19.0 49,931 65,013 -23.2 Escalade 2,525 3,416 -26.1 33,302 34,228 -2.7 Escalade ESV 1,202 1,624 -26.0 14,837 14,007 5.9 Escalade EXT 507 830 -38.9 7,357 5,928 24.1 SRX 1,445 1,492 -3.2 20,060 19,907 0.8 Total Cadillac 5,679 7,362 -22.9 75,556 74,070 2.0 Astro 0 3 ---.- 25 372 -93.3 C/K Suburban(Chevy) 6,033 8,277 -27.1 76,900 69,087 11.3 Chevy C/T Series 12 24 -50.0 253 285 -11.2 Chevy W Series 197 215 -8.4 2,483 2,617 -5.1 Colorado 5,428 6,526 -16.8 70,306 86,018 -18.3 Equinox 5,261 7,802 -32.6 81,848 104,710 -21.8 Express Cutaway/G Cut 1,709 1,445 18.3 18,355 18,367 -0.1 Express Panel/G Van 6,657 6,367 4.6 70,132 78,060 -10.2 Express/G Sportvan 1,368 1,932 -29.2 15,176 16,877 -10.1 HHR 7,179 5,553 29.3 95,525 95,720 -0.2 Kodiak 4/5 Series 861 807 6.7 8,834 10,859 -18.6 Kodiak 6/7/8 Series 208 244 -14.8 2,165 3,327 -34.9 S/T Blazer 0 2 ---.- 7 113 -93.8 S/T Pickup 0 0 ---.- 0 4 ---.- Tahoe 9,195 13,326 -31.0 134,905 146,230 -7.7 Tracker 0 0 ---.- 0 11 ---.- TrailBlazer 7,794 13,946 -44.1 122,554 162,443 -24.6 Uplander 5,689 3,875 46.8 65,708 54,311 21.0 Venture 0 2 ---.- 25 194 -87.1 Avalanche 4,144 5,777 -28.3 50,449 50,330 0.2 Silverado-C/K Pickup 38,122 44,363 -14.1 564,697 583,673 -3.3 Chevrolet Fullsize Pickups 42,266 50,140 -15.7 615,146 634,003 -3.0 Chevrolet Total 99,857 120,486 -17.1 1,380,347 1,483,608 -7.0 Acadia 6,395 0 ---.- 65,372 0 ---.- Canyon 1,476 1,873 -21.2 19,451 21,979 -11.5 Envoy 3,035 5,772 -47.4 44,649 69,276 -35.5 GMC C/T Series 13 22 -40.9 200 225 -11.1 GMC W Series 294 505 -41.8 3,818 4,946 -22.8 Safari (GMC) 0 0 ---.- 13 56 -76.8 Savana Panel/G Classic 1,158 1,400 -17.3 13,759 15,917 -13.6 Savana Special/G Cut 212 261 -18.8 8,083 9,769 -17.3 Savana/Rally 191 122 56.6 1,817 2,293 -20.8 Sierra 13,840 15,382 -10.0 188,461 193,195 -2.5 Topkick 4/5 Series 362 612 -40.8 8,448 9,934 -15.0 Topkick 6/7/8 Series 434 431 0.7 6,286 7,100 -11.5 Yukon 4,317 7,242 -40.4 58,266 64,401 -9.5 Yukon XL 2,822 3,818 -26.1 41,620 40,361 3.1 GMC Total 34,549 37,440 -7.7 460,243 439,452 4.7 HUMMER H1 3 24 -87.5 122 336 -63.7 HUMMER H2 958 1,418 -32.4 11,281 15,445 -27.0 HUMMER H3 3,068 4,353 -29.5 39,250 48,815 -19.6 HUMMER Total 4,029 5,795 -30.5 50,653 64,596 -21.6 Bravada 0 0 ---.- 0 19 ---.- Silhouette 0 0 ---.- 0 10 ---.- Oldsmobile Total 0 0 ---.- 0 29 ---.- Other-Isuzu F Series 0 148 ---.- 1,116 1,345 -17.0 Other-Isuzu H Series 0 9 ---.- 61 114 -46.5 Other-Isuzu N Series 0 981 ---.- 6,729 11,726 -42.6 Other-Isuzu Total 0 1,138 ---.- 7,906 13,185 -40.0 Aztek 0 5 ---.- 25 344 -92.7 Montana 0 8 ---.- 26 378 -93.1 Montana SV6 30 235 -87.2 1,331 12,765 -89.6 Torrent 1,968 3,392 -42.0 30,223 39,711 -23.9 Pontiac Total 1,998 3,640 -45.1 31,605 53,198 -40.6 9-7X 310 397 -21.9 4,665 5,153 -9.5 Saab Total 310 397 -21.9 4,665 5,153 -9.5 Outlook 3,340 0 ---.- 31,591 0 ---.- Relay 96 527 -81.8 1,401 6,755 -79.3 VUE 4,688 5,808 -19.3 76,439 82,468 -7.3 Saturn Total 8,124 6,335 28.2 109,431 89,223 22.6 GM Total 158,577 187,571 -15.5 2,170,337 2,287,527 -5.1 GM TRUCK Deliveries by Production Source GM North America ^ 158,214 186,130 -15.0 2,159,592 2,271,320 -4.9 GM Import 363 1,441 -74.8 10,745 16,207 -33.7 GM Total 158,577 187,571 -15.5 2,170,337 2,287,527 -5.1 GM Light Duty Truck Deliveries by Production Source GM North America ^ 156,196 183,573 -14.9 2,129,944 2,235,049 -4.7 GM Import 0 0 ---.- 0 0 ---.- GM Total 156,196 183,573 -14.9 2,129,944 2,235,049 -4.7 GM TRUCK Deliveries by Production Source and Marketing Division Buick Total 4,031 4,978 -19.0 49,931 65,013 -23.2 Cadillac Total 5,679 7,362 -22.9 75,556 74,070 2.0 Chevrolet Total 99,726 120,313 -17.1 1,378,608 1,481,692 -7.0 GMC Total 34,317 37,029 -7.3 457,368 435,487 5.0 HUMMER Total 4,029 5,795 -30.5 50,653 64,596 -21.6 Oldsmobile Total 0 0 ---.- 0 29 ---.- Other-Isuzu Total 0 281 ---.- 1,775 2,859 -37.9 Pontiac Total 1,998 3,640 -45.1 31,605 53,198 -40.6 Saab Total 310 397 -21.9 4,665 5,153 -9.5 Saturn Total 8,124 6,335 28.2 109,431 89,223 22.6 GM North America Total^ 158,214 186,130 -15.0 2,159,592 2,271,320 -4.9 Chevrolet Total 131 173 -24.3 1,739 1,916 -9.2 GMC Total 232 411 -43.6 2,875 3,965 -27.5 Other-Isuzu Total 0 857 ---.- 6,131 10,326 -40.6 GM Import Total 363 1,441 -74.8 10,745 16,207 -33.7 GM Light Truck Deliveries by Production Source and Marketing Division Buick Total 4,031 4,978 -19.0 49,931 65,013 -23.2 Cadillac Total 5,679 7,362 -22.9 75,556 74,070 2.0 Chevrolet Total 98,579 119,196 -17.3 1,366,612 1,466,520 -6.8 GMC Total 33,446 35,870 -6.8 441,491 417,247 5.8 HUMMER Total 4,029 5,795 -30.5 50,653 64,596 -21.6 Oldsmobile Total 0 0 ---.- 0 29 ---.- Pontiac Total 1,998 3,640 -45.1 31,605 53,198 -40.6 Saab Total 310 397 -21.9 4,665 5,153 -9.5 Saturn Total 8,124 6,335 28.2 109,431 89,223 22.6 GM North America Total^ 156,196 183,573 -14.9 2,129,944 2,235,049 -4.7 GM Light Truck Deliveries by Marketing Division Buick Total 4,031 4,978 -19.0 49,931 65,013 -23.2 Cadillac Total 5,679 7,362 -22.9 75,556 74,070 2.0 Chevrolet Total 98,579 119,196 -17.3 1,366,612 1,466,520 -6.8 GMC Total 33,446 35,870 -6.8 441,491 417,247 5.8 HUMMER Total 4,029 5,795 -30.5 50,653 64,596 -21.6 Oldsmobile Total 0 0 ---.- 0 29 ---.- Pontiac Total 1,998 3,640 -45.1 31,605 53,198 -40.6 Saab Total 310 397 -21.9 4,665 5,153 -9.5 Saturn Total 8,124 6,335 28.2 109,431 89,223 22.6 GM Total 156,196 183,573 -14.9 2,129,944 2,235,049 -4.7 ^ Includes US/Canada/Mexico
Last edited by encore888; 12-03-07 at 06:39 PM.
12-03-07, 06:40 PM
#34
Luxury marques comparison
Interesting numbers, YTD U.S. sales:
Interesting numbers, 31,027 units separate Lexus and BMW, 30,768 separate Cadillac and Acura, and 29,359 separate Infiniti and Audi, and a lesser number with Volvo and Buick compared between them, etc. There are slightly different Volvo numbers quoted by the Volvo pr and a Ford NA one: http://www.prnewswire.com/cgi-bin/st...4715530&EDATE=
Code:
2007 2006 Lexus 294,623 285,199 BMW 263,596 243,487 Mercedes 225,904 219,678 Cadillac 193,290 204,299 Buick 171,391 224,671 Acura 162,522 182,167 Lincoln 121,422 107,670 Infiniti 114,383 108,034 Volvo 96,872 107,282 Audi 85,004 78,219 Jaguar 14,161 19,130
Last edited by encore888; 12-03-07 at 07:01 PM.
12-03-07, 07:40 PM
#36
I'm pretty sure Lexus has had monthly declines before. More importantly, the numbers YTD...294,623 vs. 285,199, an increase. It's also worth noting that the larger brands usually post smaller % increases because their volumes are so large to begin with.
12-03-07, 08:44 PM
#37
Odyssey #1 MiniVan in the US
TOV
Date: December 03, 2007 16:55
Submitted by: Jeff
Source: Automotive News
Credibility Rating: Not Specified
A story in the December 3 issue of Automotive News alerted me to the fact that through October, the Honda Odyssey narrowly (144,718 vs 141,477) secured the #1 sales slot for minivans in the USA. This is the first time the Odyssey has taken the slot, which has been traditionally held by Chrysler's Caravan. With today's release of the November sales figures, the Odyssey has extended the lead slightly with 158,139 units compared to the Caravan's 154,824.
The Caravan was redesigned just this year, and its sales figures are well off (-21%) the pace of 2006. For 2008, the Odyssey has also gone through a very quiet mid-cycle model change, but in a waning market its sales are only off 2.7% compared to 2006.
Automotive News quotes an analyst who predicts that Chrysler will respond aggressively in December in hopes of regaining the top spot.
Date: December 03, 2007 16:55
Submitted by: Jeff
Source: Automotive News
Credibility Rating: Not Specified
A story in the December 3 issue of Automotive News alerted me to the fact that through October, the Honda Odyssey narrowly (144,718 vs 141,477) secured the #1 sales slot for minivans in the USA. This is the first time the Odyssey has taken the slot, which has been traditionally held by Chrysler's Caravan. With today's release of the November sales figures, the Odyssey has extended the lead slightly with 158,139 units compared to the Caravan's 154,824.
The Caravan was redesigned just this year, and its sales figures are well off (-21%) the pace of 2006. For 2008, the Odyssey has also gone through a very quiet mid-cycle model change, but in a waning market its sales are only off 2.7% compared to 2006.
Automotive News quotes an analyst who predicts that Chrysler will respond aggressively in December in hopes of regaining the top spot.
12-03-07, 08:57 PM
#38
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12-03-07, 09:07 PM
#39
Lexus Fanatic
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*yawn*
Please, Infiniti has nothing to worry about - Infiniti is up 2.1% for november, and Audi is down 1.1%. The trend is dictating that Infiniti is continuing to sell more cars, while Audi is selling less and less. If anything, Lexus should be worried about being passed by BMW soon.
Please, Infiniti has nothing to worry about - Infiniti is up 2.1% for november, and Audi is down 1.1%. The trend is dictating that Infiniti is continuing to sell more cars, while Audi is selling less and less. If anything, Lexus should be worried about being passed by BMW soon.
12-04-07, 03:32 AM
#40
Article
November Auto Sales Weak
By Kevin Krolicki Mon Dec 3, 5:53 PM ET
DETROIT (Reuters) - U.S. auto sales slipped in November, led by an 11 percent drop at General Motors Corp (GM.N), as a weak housing market and higher gasoline prices kept buyers from showrooms and heightened concern that the industry was headed for a deepening downturn.
Retail sales for all three Detroit-based automakers turned lower in November. Executives across the industry cautioned that sales would remain under pressure headed into 2008 because of increasing economic uncertainties.
Both Ford and GM, which have recently clinched cost-cutting labor deals with the United Auto Workers, responded to the sales dip by cutting first-quarter production plans from year-earlier levels.
Ford (F.N) posted a narrow sales gain of 0.4 percent for November, marking its first monthly increase after a full year of unbroken declines. Ford's gain was driven mostly by stepped-up sales of vehicles to commercial fleet operators.
Toyota Motor Corp. (7203.T), which has eclipsed Ford for the No. 2 position in the U.S. market, eked out a slight sales gain of 0.3 percent but saw sales for its luxury Lexus brand drop by 7 percent.
"Rising fuel prices and sliding home values delivered a one-two punch this month," Toyota's U.S. sales chief Jim Lentz said in a statement.
Toyota's Japanese rivals posted more limited sales gains than analysts had forecast. Nissan Motor Co (7201.T) rose 6.1 percent. Honda Motor Co (7267.T) sales rose 4.7 percent.
CSM Worldwide analyst Michael Robinet said the cutbacks announced by both Ford and GM showed that U.S. automakers were taking advantage of new flexibility in their just-completed labor pact to idle capacity in the face of slack demand.
"They're coming to terms with the real economics of the industry," he said. "No longer is Detroit just out to move the metal."
Industry-wide U.S. sales of cars and light trucks were down about 1.6 percent in November from a year earlier at 1.18 million vehicles, according to tracking service AutoData Corp.
Ford, which is battling to stabilize market share, cut production by 7 percent and said it would keep a tight lid on output in light of the weakening economy.
GM cut its planned production by 11 percent.
"Vehicle sales have softened over the last few months. We believe this reflects concerns about the credit and stock market squeeze, along with the ongoing adjustments consumers are making in response to housing and gasoline prices," Ford economist Emily Kolinski Morris told reporters and analysts.
"Clearly we're concerned about the credit market turmoil and the softer economy, so we're taking a cautious approach to planning our business," she said.
GM's sales chief Mark LaNeve echoed that sentiment. "We don't want to bury our dealers in inventory," he told analysts. "We want to try to continue to run leaner on inventory."
'TOUGH' MARKET
Nissan sale chief Mark McNabb said industry-wide sales had been weaker than expected in November amid signs that a weaker housing market in states such as California and Florida had been a continued drag on sales.
"It was a tough market," McNabb told Reuters. "It was tougher than I anticipated."
Despite the weaker demand, the major U.S. automakers largely stuck to a recent tactic of avoiding deep discounting by better managing inventory and production levels.
Edmunds.com said the average incentive offered on a new vehicle in November rose less than 1 percent from a year earlier to $2,309.
Chrysler and Ford both cut incentive spending from year-earlier levels, Edmunds said.
GM spent slightly more, putting average incentives for all three Detroit-based automakers in a narrow range of about $3,100 to $3,300 per vehicle, Edmunds estimated.
Jesse Toprak, an analyst with the industry-tracking Web site, said the more disciplined pricing approach gave major automakers room to increase targeted discounts next year if demand remains weak. "The manufacturers have become much smarter about incentives," he said.
(Additional reporting by Poornima Gupta and Jui Chakravorty; Editing by Gary Hill)
By Kevin Krolicki Mon Dec 3, 5:53 PM ET
DETROIT (Reuters) - U.S. auto sales slipped in November, led by an 11 percent drop at General Motors Corp (GM.N), as a weak housing market and higher gasoline prices kept buyers from showrooms and heightened concern that the industry was headed for a deepening downturn.
Retail sales for all three Detroit-based automakers turned lower in November. Executives across the industry cautioned that sales would remain under pressure headed into 2008 because of increasing economic uncertainties.
Both Ford and GM, which have recently clinched cost-cutting labor deals with the United Auto Workers, responded to the sales dip by cutting first-quarter production plans from year-earlier levels.
Ford (F.N) posted a narrow sales gain of 0.4 percent for November, marking its first monthly increase after a full year of unbroken declines. Ford's gain was driven mostly by stepped-up sales of vehicles to commercial fleet operators.
Toyota Motor Corp. (7203.T), which has eclipsed Ford for the No. 2 position in the U.S. market, eked out a slight sales gain of 0.3 percent but saw sales for its luxury Lexus brand drop by 7 percent.
"Rising fuel prices and sliding home values delivered a one-two punch this month," Toyota's U.S. sales chief Jim Lentz said in a statement.
Toyota's Japanese rivals posted more limited sales gains than analysts had forecast. Nissan Motor Co (7201.T) rose 6.1 percent. Honda Motor Co (7267.T) sales rose 4.7 percent.
CSM Worldwide analyst Michael Robinet said the cutbacks announced by both Ford and GM showed that U.S. automakers were taking advantage of new flexibility in their just-completed labor pact to idle capacity in the face of slack demand.
"They're coming to terms with the real economics of the industry," he said. "No longer is Detroit just out to move the metal."
Industry-wide U.S. sales of cars and light trucks were down about 1.6 percent in November from a year earlier at 1.18 million vehicles, according to tracking service AutoData Corp.
Ford, which is battling to stabilize market share, cut production by 7 percent and said it would keep a tight lid on output in light of the weakening economy.
GM cut its planned production by 11 percent.
"Vehicle sales have softened over the last few months. We believe this reflects concerns about the credit and stock market squeeze, along with the ongoing adjustments consumers are making in response to housing and gasoline prices," Ford economist Emily Kolinski Morris told reporters and analysts.
"Clearly we're concerned about the credit market turmoil and the softer economy, so we're taking a cautious approach to planning our business," she said.
GM's sales chief Mark LaNeve echoed that sentiment. "We don't want to bury our dealers in inventory," he told analysts. "We want to try to continue to run leaner on inventory."
'TOUGH' MARKET
Nissan sale chief Mark McNabb said industry-wide sales had been weaker than expected in November amid signs that a weaker housing market in states such as California and Florida had been a continued drag on sales.
"It was a tough market," McNabb told Reuters. "It was tougher than I anticipated."
Despite the weaker demand, the major U.S. automakers largely stuck to a recent tactic of avoiding deep discounting by better managing inventory and production levels.
Edmunds.com said the average incentive offered on a new vehicle in November rose less than 1 percent from a year earlier to $2,309.
Chrysler and Ford both cut incentive spending from year-earlier levels, Edmunds said.
GM spent slightly more, putting average incentives for all three Detroit-based automakers in a narrow range of about $3,100 to $3,300 per vehicle, Edmunds estimated.
Jesse Toprak, an analyst with the industry-tracking Web site, said the more disciplined pricing approach gave major automakers room to increase targeted discounts next year if demand remains weak. "The manufacturers have become much smarter about incentives," he said.
(Additional reporting by Poornima Gupta and Jui Chakravorty; Editing by Gary Hill)
12-04-07, 05:28 AM
#41
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) have the nerve to say that Infiniti better watch out for Audi because they might surpass them in sales soon?2007 TYD sales:
Infiniti: 114,383
Audi: 85,004
Infiniti +29,279
'nuff said
12-04-07, 05:42 AM
#42
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Lexus, wow the LS dropped 1,000 units. I am going to assume that is due to the LS debuting last Nov and also them dumping the LS 430 at bargain prices last year. ES is down 700 units.
GS is up 20% for the 350 and 10% for the 450/460!! Finally some good news. IS sales up 7%, remaining VERY solid!! RX flat, amazing for an older SUV. GX holding well too!!
SC is going to sell lower and lower till the new one arrives and the LX needs to arrive!
GS is up 20% for the 350 and 10% for the 450/460!! Finally some good news. IS sales up 7%, remaining VERY solid!! RX flat, amazing for an older SUV. GX holding well too!!
SC is going to sell lower and lower till the new one arrives and the LX needs to arrive!
The LS will be interesting to watch. Is it going to continue to decline or hold steady going forward? Have some of the issues in the early builds caused any longer lasting sales effect?
Nice to see the IS keeping strong and here's to hoping they break out IS-F from the general IS pool when sales begin next year.
12-04-07, 05:45 AM
#43
Pole Position
So let me get this straight. I have no understanding of the automotive business, but yet you (a self-proclaimed automotive expert? ) have the nerve to say that Infiniti better watch out for Audi because they might surpass them in sales soon?
2007 TYD sales:
Infiniti: 114,383
Audi: 85,004
Infiniti +29,279
'nuff said
) have the nerve to say that Infiniti better watch out for Audi because they might surpass them in sales soon?2007 TYD sales:
Infiniti: 114,383
Audi: 85,004
Infiniti +29,279
'nuff said
12-05-07, 02:46 PM
#45
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Ouch. Looks like the party is over at GM after a couple of months of sales increases that were due to high incentives and fleet sales. 11% sales drop, and retail sales overall dropped 9.7% for GM. I predicted that this was going to happen.
Looks like the Odyssey might possibly overtake the Caravan as best-selling minivan. Pretty amazing.
The Camry continues to post strong sales numbers despite increasing competition. Prius sales continue to be phenomenal. Interesting that Corolla sales and Civic sales were roughly equal, despite the Civic being relatively new and the Corolla being so old and dated. Also add to the fact that factories are winding down 2008 Corolla production in preparation for 2009 Corolla production. This just shows how much of a great reputation the Corolla has.
Highlander sales were up compared to last November, and it looks like the Highlander critics on CL have dissapeared all of a sudden.
GS350 sales were up 19% and yes GS460/GS450h sales were up only 20 cars. Also of significance is that Infiniti M sales were down over 20%. Looks like the GS will win the sales title over the Infiniti M this year.
LS sales should remain strong as word continues to spread about the LS hybrid. It will have an increasing halo effect on LS sales in general. YTD LS sales are still way up.
As for the whole argument that Lexus sales are down and that only new Lexus models are supporting sales, ALL the Lexus sedans are up YTD with the exception of the GS. RX sales are only down a little bit and still remain strong. Same with the GX, even though both the RX and GX are quite dated. LX sales are down because the LX570 goes on sale in the next few weeks.
Lexus is still up YTD. It is shocking how much Acura has dropped YTD. Acura is definitely losing ground in the luxury market.
Looks like the Odyssey might possibly overtake the Caravan as best-selling minivan. Pretty amazing.
The Camry continues to post strong sales numbers despite increasing competition. Prius sales continue to be phenomenal. Interesting that Corolla sales and Civic sales were roughly equal, despite the Civic being relatively new and the Corolla being so old and dated. Also add to the fact that factories are winding down 2008 Corolla production in preparation for 2009 Corolla production. This just shows how much of a great reputation the Corolla has.
Highlander sales were up compared to last November, and it looks like the Highlander critics on CL have dissapeared all of a sudden.
I agree with your points in general. The GS though is nothing to be excited about. 20 more cars (sadly that's what 10% works out to) shouldn't have anyone at Lexus going
The LS will be interesting to watch. Is it going to continue to decline or hold steady going forward? Have some of the issues in the early builds caused any longer lasting sales effect?
Nice to see the IS keeping strong and here's to hoping they break out IS-F from the general IS pool when sales begin next year.
The LS will be interesting to watch. Is it going to continue to decline or hold steady going forward? Have some of the issues in the early builds caused any longer lasting sales effect?
Nice to see the IS keeping strong and here's to hoping they break out IS-F from the general IS pool when sales begin next year.
LS sales should remain strong as word continues to spread about the LS hybrid. It will have an increasing halo effect on LS sales in general. YTD LS sales are still way up.
As for the whole argument that Lexus sales are down and that only new Lexus models are supporting sales, ALL the Lexus sedans are up YTD with the exception of the GS. RX sales are only down a little bit and still remain strong. Same with the GX, even though both the RX and GX are quite dated. LX sales are down because the LX570 goes on sale in the next few weeks.
Lexus is still up YTD. It is shocking how much Acura has dropped YTD. Acura is definitely losing ground in the luxury market.