January 2008 Vehicle Sales (updated with 07 YTD totals)
02-13-08, 06:37 PM
#46
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The lease rates on the 750 are very attractive for Feb. For 15K per year I show
24 Month – Residual 65% of MSRP – .00200 Base Rate
36 Month – Residual 55% of MSRP – .00200 Base Rate
Add 2% for 12K....
I expect that we will continue to see very nice deals on the 750 until the new one arrives this fall.
24 Month – Residual 65% of MSRP – .00200 Base Rate
36 Month – Residual 55% of MSRP – .00200 Base Rate
Add 2% for 12K....
I expect that we will continue to see very nice deals on the 750 until the new one arrives this fall.
02-13-08, 06:44 PM
#47
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The lease rates on the 750 are very attractive for Feb. For 15K per year I show
24 Month – Residual 65% of MSRP – .00200 Base Rate
36 Month – Residual 55% of MSRP – .00200 Base Rate
Add 2% for 12K....
I expect that we will continue to see very nice deals on the 750 until the new one arrives this fall.
24 Month – Residual 65% of MSRP – .00200 Base Rate
36 Month – Residual 55% of MSRP – .00200 Base Rate
Add 2% for 12K....
I expect that we will continue to see very nice deals on the 750 until the new one arrives this fall.
02-17-08, 03:30 PM
#48
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Toyota passes Ford as second largest automaker in the U.S.; Mazda grows the most in 2007
The final sales numbers for 2007 are in, and to be honest, they're better than we expected. Of the 34 brands we track sales, 19 showed an improvement in their daily average sales rate last year. The majority of those that didn't, we're sad to say, are either domestic U.S. brands or brands that are owned by a domestic U.S. automaker.
Big ups to Mazda, though, which won our coveted Biggest Winner of the Year honor by growing its daily average sales rate 9.8% and selling nearly 300,000 vehicles. We can't say we're surprised that Jaguar is our Biggest Loser of the Year after posting daily average sales rate that fell 24.4% last year. We'd also like to call out Jeep for posting a 3.0% improvement thanks to the hot-selling Wrangler Unlimited, as well as Lincoln, which, despite all odds, increased its daily average sales rate by 8.8% and sold an additional 11,000 vehicles last year. There are other plenty of other proud automakers in the list below we don't have room (or time) to mention.
Of course, the biggest news in auto sales for 2007 is that Ford Motor Company was supplanted by Toyota Motor Company as the second largest automaker in the U.S. Toyota sold 2,620,825 units in 2007 compared to Ford's 2,572,599. We weren't all that impressed with ToMoCo's final tally of a 2.7% daily average sales rate increase, but that's all it needed after Ford posted a 12.7% decrease. General Motors, of course, is still well ahead of both with 3,866,620 units sold, while Chrysler could be breathing down Ford's neck with 2,076,650 sales if we expected that number would increase in 2008, which we don't.
Note that there were 307 selling days last year compared to 306 selling days in 2006, so the figures below represent the change in daily average sales rate (average number of vehicles sold per day) and not the change in raw number of units sold.
Biggest Winner of the Year
Mazda 9.8% at 296,110 (2006: 268,786)
Biggest Loser of the Year
Jaguar –24.4% at 15,683 (2006: 20,683)
BRANDS
Acura–10.8% at 180,104 (2006: 201,223)
Audi 3.4% at 93,506 (2006: 90,116)
BMW 6.7% at 293,795 (2006: 274,432)
Buick –23% at 185,791 (2006: 240,657)
Cadillac –5.7% at 214,726 (2006: 227,014)
Chevrolet –6.5% at 2,265,641 (2006: 2,415,428)
Chrysler –10.5% at 543,011 (2006: 604,874)
Dodge –2.1% at 1,058,402 (2006: 1,077,579)
Ford –13.9% at 2,101,244 (2006: 2,433,086)
GMC 4.8% at 505,746 (12/06: 481,222)
Honda 4.5% at 1,371,438 (2006: 1,308,135)
HUMMER –22% at 55,986 (2006: 71,524)
Hyundai 2.2% at 467,009 (2006: 455,520)
Infiniti 4.5% at 127,038 (2006: 121,146)
Jaguar –24.4% at 15,683 (2006: 20,683)
Jeep 3.0% at 475,237 (2006: 460,052)
Kia 3.5% at 305,473 (2006: 294,302)
Land Rover 3.4% at 49,550 (2006: 47,774)
Lexus 1.8% at 329,177 (2006: 322,434)
Lincoln 8.8% at 131,487 (2006: 120,476)
Mazda 9.8% at 296,110 (2006: 268,786)
Mercedes 1.8% at 253,433 (2006: 248,080)
Mercury –7.2% at 168,422 (2006: 180,848)
MINI 7.0% at 42,045 (2006: 39,171)
Nissan 4.5% at 941,200 (2006: 898,103)
Pontiac –13% at 358,022 (2006: 410,229)
Porsche 1.0% at 34,693 (2006: 34,227)
Saab –10.3% at 32,711 (2006: 36,349)
Saturn 5.7% at 240,091 (2006: 226,375)
Subaru –7.0% at 187,208 (2006: 200,703)
Suzuki 0.6% at 101,884 (2006: 100,990)
Toyota 2.9% at 2,291,648 (2006: 2,220,090)
Volkswagen –2.3 at 230,572 (2006: 235,140)
Volvo –8.6% at 106,213 (2006: 115,807)
NA: Mitsubishi
COMPANIES
BMW Group 6.7% at 335,840 (2006: 313,603)
Chrysler Group –3.4% at 2,076,650 (2006: 2,142,505)
Ford Motor Co –12.1% at 2,572,599 (2006: 2,918,674)
General Motors –6.5% at 3,866,620 (2006: 4,124,645)
Honda America 2.5% at 1,551,542 (2006: 1,509,358)
Nissan North America 4.5% at 1,068,238 (2006: 1,019,249)
Toyota Motor Co. 2.7% at 2,620,825 (2006: 2,542,524)
The final sales numbers for 2007 are in, and to be honest, they're better than we expected. Of the 34 brands we track sales, 19 showed an improvement in their daily average sales rate last year. The majority of those that didn't, we're sad to say, are either domestic U.S. brands or brands that are owned by a domestic U.S. automaker.
Big ups to Mazda, though, which won our coveted Biggest Winner of the Year honor by growing its daily average sales rate 9.8% and selling nearly 300,000 vehicles. We can't say we're surprised that Jaguar is our Biggest Loser of the Year after posting daily average sales rate that fell 24.4% last year. We'd also like to call out Jeep for posting a 3.0% improvement thanks to the hot-selling Wrangler Unlimited, as well as Lincoln, which, despite all odds, increased its daily average sales rate by 8.8% and sold an additional 11,000 vehicles last year. There are other plenty of other proud automakers in the list below we don't have room (or time) to mention.
Of course, the biggest news in auto sales for 2007 is that Ford Motor Company was supplanted by Toyota Motor Company as the second largest automaker in the U.S. Toyota sold 2,620,825 units in 2007 compared to Ford's 2,572,599. We weren't all that impressed with ToMoCo's final tally of a 2.7% daily average sales rate increase, but that's all it needed after Ford posted a 12.7% decrease. General Motors, of course, is still well ahead of both with 3,866,620 units sold, while Chrysler could be breathing down Ford's neck with 2,076,650 sales if we expected that number would increase in 2008, which we don't.
Note that there were 307 selling days last year compared to 306 selling days in 2006, so the figures below represent the change in daily average sales rate (average number of vehicles sold per day) and not the change in raw number of units sold.
Biggest Winner of the Year
Mazda 9.8% at 296,110 (2006: 268,786)
Biggest Loser of the Year
Jaguar –24.4% at 15,683 (2006: 20,683)
BRANDS
Acura–10.8% at 180,104 (2006: 201,223)
Audi 3.4% at 93,506 (2006: 90,116)
BMW 6.7% at 293,795 (2006: 274,432)
Buick –23% at 185,791 (2006: 240,657)
Cadillac –5.7% at 214,726 (2006: 227,014)
Chevrolet –6.5% at 2,265,641 (2006: 2,415,428)
Chrysler –10.5% at 543,011 (2006: 604,874)
Dodge –2.1% at 1,058,402 (2006: 1,077,579)
Ford –13.9% at 2,101,244 (2006: 2,433,086)
GMC 4.8% at 505,746 (12/06: 481,222)
Honda 4.5% at 1,371,438 (2006: 1,308,135)
HUMMER –22% at 55,986 (2006: 71,524)
Hyundai 2.2% at 467,009 (2006: 455,520)
Infiniti 4.5% at 127,038 (2006: 121,146)
Jaguar –24.4% at 15,683 (2006: 20,683)
Jeep 3.0% at 475,237 (2006: 460,052)
Kia 3.5% at 305,473 (2006: 294,302)
Land Rover 3.4% at 49,550 (2006: 47,774)
Lexus 1.8% at 329,177 (2006: 322,434)
Lincoln 8.8% at 131,487 (2006: 120,476)
Mazda 9.8% at 296,110 (2006: 268,786)
Mercedes 1.8% at 253,433 (2006: 248,080)
Mercury –7.2% at 168,422 (2006: 180,848)
MINI 7.0% at 42,045 (2006: 39,171)
Nissan 4.5% at 941,200 (2006: 898,103)
Pontiac –13% at 358,022 (2006: 410,229)
Porsche 1.0% at 34,693 (2006: 34,227)
Saab –10.3% at 32,711 (2006: 36,349)
Saturn 5.7% at 240,091 (2006: 226,375)
Subaru –7.0% at 187,208 (2006: 200,703)
Suzuki 0.6% at 101,884 (2006: 100,990)
Toyota 2.9% at 2,291,648 (2006: 2,220,090)
Volkswagen –2.3 at 230,572 (2006: 235,140)
Volvo –8.6% at 106,213 (2006: 115,807)
NA: Mitsubishi
COMPANIES
BMW Group 6.7% at 335,840 (2006: 313,603)
Chrysler Group –3.4% at 2,076,650 (2006: 2,142,505)
Ford Motor Co –12.1% at 2,572,599 (2006: 2,918,674)
General Motors –6.5% at 3,866,620 (2006: 4,124,645)
Honda America 2.5% at 1,551,542 (2006: 1,509,358)
Nissan North America 4.5% at 1,068,238 (2006: 1,019,249)
Toyota Motor Co. 2.7% at 2,620,825 (2006: 2,542,524)
02-19-08, 11:08 AM
#49
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Man, Jaguar sold 20K in 06 and 15K in 07. You are going to get exclusivity with an XF but you have to wonder what kind of support you will get with such little sales in the US.
02-26-08, 03:46 PM
#53
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well for february there are still a few more days to go so they would need those numbers to report for month end calculations? we probably wont even see feb's numbers until first week of march ?
02-27-08, 10:39 AM
#55
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Edmunds.com Forecasts February 2008 Auto Sales Down 2.3%
SANTA MONICA, Calif.--This month's new vehicle sales (including fleet sales) are expected to be 1.22 million units, a 2.3 percent decrease from February 2007 and a 16.8 percent increase from January 2008, according to Edmunds.com, the premier online resource for automotive information.
“Despite the decline in new vehicle sales, the automotive industry seems to be stronger than some were expecting so far this year,” observed Jesse Toprak, Executive Director of Industry Analysis for Edmunds.com. “Automakers continue to be proactive in their marketing programs and incentive spending to keep showroom traffic from slowing down during these times of adverse economic news.”
February 2008 has 25 selling days, one more than February 2007. When adjusted for this difference, sales decreased 6.2 percent from February 2007. (The chart below sets forth other unadjusted and adjusted comparisons.)
Change from February 2007 (Adjusted for more selling days) Change from February 2007 (Unadjusted for more selling days)
Chrysler -10.4% -6.7%
Ford -10.4% -6.7%
GM -13.1% -9.5%
Honda 3.1% 7.4%
Nissan 1.0% 5.2%
Toyota 3.5% 7.9%
Industry Total -6.2% -2.3%
The combined monthly U.S. market share for Chrysler, Ford and General Motors (GM) domestic nameplates is estimated to be 51.9 percent in February 2008, down from 55.1 percent in February 2007 and down from 52.1 percent in January 2008.
"After months of inconsistent ups and downs for the automakers, we are now back to an old theme; domestic market share fell while the major Japanese players enjoyed gains," commented Michelle Krebs, Senior Editor of Edmunds' AutoObserver.com. “Chrysler, Ford and GM must continue to work hard at raising awareness of their vehicles and closing the gap in quality perceptions versus realities."
Edmunds.com predicts Chrysler will sell 163,000 units in February 2008, down 6.7 percent compared to February 2007 and up 18.9 percent from January 2008. This would result in a new car market share of 13.4 percent for Chrysler in February 2008, down from 14.0 percent in February 2007 and up slightly from 13.1 percent in January 2008.
Edmunds.com predicts Ford will sell 191,000 units in February 2008, down 6.7 percent compared to February 2007 and up 22.6 percent from January 2008. This would result in a new car market share of 15.6 percent of new car sales in February 2008 for Ford, down from 16.4 percent in February 2007 and up from 14.9 percent in January 2008.
Edmunds.com predicts GM will sell 280,000 units in February 2008, down 9.5 percent compared to February 2007 and up 11.3 percent from January 2008. GM's market share is expected to be 22.9 percent of new vehicle sales in February 2008, down from 24.7 percent in February 2007 and down from 24.1 percent in January 2008.
Edmunds.com predicts Honda will sell 118,000 units in February 2008, up 7.4 percent from February 2007 and up 19.9 percent from January 2008. Honda’s market share is expected to be 9.7 percent in February 2008, up from 8.8 percent in February 2007 and up from 9.4 percent in January 2008.
Edmunds.com predicts Nissan will sell 90,000 units in February 2008, up 5.2 percent from February 2007 and up 17.0 percent from January 2008. Nissan's market share is expected to be 7.3 percent in February 2008, up from 6.8 percent in February 2007 and even at 7.3 percent in January 2008.
Edmunds.com predicts Toyota will sell 202,000 units in February 2008, up 7.9 percent from February 2007 and up 17.6 percent from January 2008. Toyota's market share is expected to be 16.6 percent in February 2008, up from 15.0 percent in February 2007 and up slightly from 16.5 percent in January 2008.
“Despite the decline in new vehicle sales, the automotive industry seems to be stronger than some were expecting so far this year,” observed Jesse Toprak, Executive Director of Industry Analysis for Edmunds.com. “Automakers continue to be proactive in their marketing programs and incentive spending to keep showroom traffic from slowing down during these times of adverse economic news.”
February 2008 has 25 selling days, one more than February 2007. When adjusted for this difference, sales decreased 6.2 percent from February 2007. (The chart below sets forth other unadjusted and adjusted comparisons.)
Change from February 2007 (Adjusted for more selling days) Change from February 2007 (Unadjusted for more selling days)
Chrysler -10.4% -6.7%
Ford -10.4% -6.7%
GM -13.1% -9.5%
Honda 3.1% 7.4%
Nissan 1.0% 5.2%
Toyota 3.5% 7.9%
Industry Total -6.2% -2.3%
The combined monthly U.S. market share for Chrysler, Ford and General Motors (GM) domestic nameplates is estimated to be 51.9 percent in February 2008, down from 55.1 percent in February 2007 and down from 52.1 percent in January 2008.
"After months of inconsistent ups and downs for the automakers, we are now back to an old theme; domestic market share fell while the major Japanese players enjoyed gains," commented Michelle Krebs, Senior Editor of Edmunds' AutoObserver.com. “Chrysler, Ford and GM must continue to work hard at raising awareness of their vehicles and closing the gap in quality perceptions versus realities."
Edmunds.com predicts Chrysler will sell 163,000 units in February 2008, down 6.7 percent compared to February 2007 and up 18.9 percent from January 2008. This would result in a new car market share of 13.4 percent for Chrysler in February 2008, down from 14.0 percent in February 2007 and up slightly from 13.1 percent in January 2008.
Edmunds.com predicts Ford will sell 191,000 units in February 2008, down 6.7 percent compared to February 2007 and up 22.6 percent from January 2008. This would result in a new car market share of 15.6 percent of new car sales in February 2008 for Ford, down from 16.4 percent in February 2007 and up from 14.9 percent in January 2008.
Edmunds.com predicts GM will sell 280,000 units in February 2008, down 9.5 percent compared to February 2007 and up 11.3 percent from January 2008. GM's market share is expected to be 22.9 percent of new vehicle sales in February 2008, down from 24.7 percent in February 2007 and down from 24.1 percent in January 2008.
Edmunds.com predicts Honda will sell 118,000 units in February 2008, up 7.4 percent from February 2007 and up 19.9 percent from January 2008. Honda’s market share is expected to be 9.7 percent in February 2008, up from 8.8 percent in February 2007 and up from 9.4 percent in January 2008.
Edmunds.com predicts Nissan will sell 90,000 units in February 2008, up 5.2 percent from February 2007 and up 17.0 percent from January 2008. Nissan's market share is expected to be 7.3 percent in February 2008, up from 6.8 percent in February 2007 and even at 7.3 percent in January 2008.
Edmunds.com predicts Toyota will sell 202,000 units in February 2008, up 7.9 percent from February 2007 and up 17.6 percent from January 2008. Toyota's market share is expected to be 16.6 percent in February 2008, up from 15.0 percent in February 2007 and up slightly from 16.5 percent in January 2008.
Sorry for the industry.
02-29-08, 12:44 PM
#57
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Looks like it was a tough month for everybody, but there were definitely a few highlights and key points.
Acura sales took a big hit for the month. This is after a big drop in 2007 overall sales so it looks like Acura will continue to struggle.
Surprising that Accord sales dropped, and amazing that Camry sales held strong. Altima and Fusion sales also dropped. Looks like Camry sales will continue to be strong despite intense competition. Highlander sales also continue to look strong.
It will be interesting to see Civic sales in the next few months now that the new Corolla and Matrix are on sale.
Lexus car sales did drop, but great to see how strong RX sales continue to be and nice to see a sales increase for the LX.
Hyundai sales tumbled after the huge incentives push they had in December to prop up their 2007 total. Hyundai looks to once again struggle this year unless they push huge incentives which I doubt they can afford to do.
GM sales increased mainly on a fleet sales push. Expect to see a big drop for GM in February.
BMW sales were absolutely hammered. I don't believe their excuse that it was due to low inventories. In fact, BMW worldwide sales in January dropped while Mercedes worldwide sales increased. We'll see what happens with BMW sales in February. If it's another drop than that will be bad news for BMW.
Acura sales took a big hit for the month. This is after a big drop in 2007 overall sales so it looks like Acura will continue to struggle.
Surprising that Accord sales dropped, and amazing that Camry sales held strong. Altima and Fusion sales also dropped. Looks like Camry sales will continue to be strong despite intense competition. Highlander sales also continue to look strong.
It will be interesting to see Civic sales in the next few months now that the new Corolla and Matrix are on sale.
Lexus car sales did drop, but great to see how strong RX sales continue to be and nice to see a sales increase for the LX.
Hyundai sales tumbled after the huge incentives push they had in December to prop up their 2007 total. Hyundai looks to once again struggle this year unless they push huge incentives which I doubt they can afford to do.
GM sales increased mainly on a fleet sales push. Expect to see a big drop for GM in February.
BMW sales were absolutely hammered. I don't believe their excuse that it was due to low inventories. In fact, BMW worldwide sales in January dropped while Mercedes worldwide sales increased. We'll see what happens with BMW sales in February. If it's another drop than that will be bad news for BMW.
02-29-08, 01:12 PM
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03-01-08, 06:33 AM
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Several reasons for dropping sales I'd say...
Tightened credit
Down housing market
People keeping their cars longer
Increased gas prices
Millions of decent USED cars available - with cars being so reliable, a 2-3 year old car is likely to be fine unless it was hammered.
General 'worry' about the economy.
Having said that, it looks like the big Japanese 3 - Toyota, Honda, and Nissan are continuing to steal marketshare from the domestic 3 - GM, Ford and Chrysler. Doesn't bother me since with the U.S. becoming a LOW WAGE COUNTRY, more and more cars will be produced HERE so I expect to see 'foreign' car makers making more in the U.S. and exporting them elsewhere. BMW was way ahead of the game here.
Tightened credit
Down housing market
People keeping their cars longer
Increased gas prices
Millions of decent USED cars available - with cars being so reliable, a 2-3 year old car is likely to be fine unless it was hammered.
General 'worry' about the economy.
Having said that, it looks like the big Japanese 3 - Toyota, Honda, and Nissan are continuing to steal marketshare from the domestic 3 - GM, Ford and Chrysler. Doesn't bother me since with the U.S. becoming a LOW WAGE COUNTRY, more and more cars will be produced HERE so I expect to see 'foreign' car makers making more in the U.S. and exporting them elsewhere. BMW was way ahead of the game here.
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