August 2008 Auto Sales
09-02-08, 03:41 AM
#1
Lead Lap
Thread Starter
August 2008 Auto Sales
GM, Chrysler Probably Led US Auto Sales Decline in August
By Mike Ramsey
Sept. 2 (Bloomberg) -- General Motors Corp. and Chrysler LLC probably led a drop in U.S. auto sales last month as new buyer incentives failed to stem an industry slide that began in December.
The U.S. automakers, still dependent on pickups and sport- utility vehicles, likely gave up more of their home market again as their shrinkage eclipsed that of Japan's car-focused Toyota Motor Corp. and Honda Motor Co., based on a Bloomberg survey of five analysts. Record gasoline prices sapped truck demand.
A decline would extend the industry's slump to nine months. Offering employee discounts to all customers and no-interest loans may have kept results from falling to July's 15-year low, when new vehicles sold at an annual rate of 12.6 million. August's rate was 13 million, based on a survey of 31 analysts and economists.
"We would expect things to be worse for the month if it were not for the significant incentives,'' said Jeff Schuster, chief of global forecasting for consumer research firm J.D. Power & Associates in Troy, Michigan.
GM, the largest U.S. automaker, probably will say sales slid 29 percent, while Chrysler's may have plunged 34 percent and Ford Motor Co.'s by 21 percent, based on the 5 analysts' estimates. Chrysler, owned by Cerberus Capital Management LP, posted a 36 percent drop in June.
`Difficult Period'
"We're in a very difficult period right now,'' Ford sales analyst George Pipas said in an interview. He said Dearborn, Michigan-based Ford's sales are likely to be close to July's 15 percent decline.
Automakers also had to contend with the weakening U.S. economy. The Labor Department will say Sept. 5 that August non- farm payrolls fell by 75,000 jobs, after a loss of 51,000 positions in July, based on a Bloomberg survey of 61 economists. Tighter lending standards also may have helped stifle sales.
"Increasing down-payment requirements has the most significant dampening impact,'' Brian Johnson, a Lehman Brothers analyst in Chicago, said in an Aug. 25 note to investors.
August is the last month before U.S. automakers start selling new vehicles for the new model year, and they usually boost incentives to help clear out inventories, said Jesse Toprak, an analyst at consumer-research firm Edmunds.com in Santa Monica, California.
GM offered "employee pricing'' on most models for the last 12 days of August. Some vehicles have had 72-month, no-interest financing since late June.
`Some Resurgence'
Dealers are seeing "some resurgence in demand for full- size SUVs and pickups,'' Vice Chairman Robert Lutz said Aug. 28 in Joliet, Illinois, at a preview of some of the Detroit-based automaker's 2009 models. He didn't provide figures.
Chrysler, based in Auburn Hills, Michigan, is offering 72- month, no-interest loans on several models. It also started a program that allows employees to give away their price discount on a new vehicle to one person from Aug. 1 through the end of September.
"Projected retail sales remain on target for the month,'' spokeswoman Beverly Thacker said in an e-mail, without giving a figure. Chrysler's U.S. sales fell 23 percent through July.
Gasoline's retreat from the $4.11-a-gallon record set July 15 may have tempered the August sales decline. The average price at U.S. pumps for the month was $3.76, according to motorist group AAA.
`Panic Shopper'
"The panic shopper -- the customer that saw fuel prices spiking, and rushed out to buy a fuel-efficient vehicle -- is no longer in the market now that fuel prices have stabilized,'' said Steven Jaros, a Torrance, California-based assistant vice president for Honda.
August was the first month in which Chrysler's finance arm stopped offering leases. Ford plans to curb the practice after a $2.1 billion second-quarter writedown for leases because of tumbling values for returned vehicles.
The Detroit automakers may have lost a combined 8.2 percentage points of U.S. market share last month, the result of customers' embrace of cars over trucks and "the cutback in lease offers at GM and Ford, and the elimination of leasing at Chrysler Financial,'' Goldman, Sachs & Co. analyst Patrick Archambault in New York wrote in an Aug. 25 note.
U.S. Market Share
The U.S. brands of GM, Ford and Chrysler had 47.2 percent of the domestic market through July, according to Autodata Corp. in Woodcliff Lake, New Jersey.
Sales for Toyota, based in Toyota City, Japan, likely fell 11 percent and Tokyo-based Honda's dropped 7.4 percent, based on the average of 3 analysts' estimates. The analysts expect Tokyo- based Nissan Motor Co. to say sales rose 1.8 percent.
With the bigger drops for GM, Ford and Chrysler, the Japanese automakers each may have gained at least 1 percentage point of U.S. market share, Deutsche Bank analyst Rod Lache in New York said in an Aug. 25 note to investors.
European automakers including Volkswagen AG and Daimler AG also may have added market share. Through July, European brands had 7.6 percent of U.S. sales, up from 7 percent a year earlier.
GM fell 34 cents to $10 on Aug. 29 in New York Stock Exchange composite trading. The shares have lost 60 percent this year. Ford rose 3 cents to $4.46.
GM's 8.375 percent note due July 2033 was unchanged on Aug. 28 at 49.75 cents on the dollar, yielding 17.12 percent, according to Trace, the bond-price reporting system of the Financial Industry Regulatory Authority. Ford's 7.45 percent note due July 2031 also was unchanged at 51.25 cents on the dollar, yielding 15.1 percent.
Credit-default swaps on GM debt fell 36 basis points to 2,585 basis points on Aug. 29, according to CMA Datavision in New York. Ford's declined 42 basis points to 1,838 basis points.
The contracts are designed to protect bondholders against default. A drop in the price indicates an improvement in the perception of a company's credit quality.
The following table provides estimates for car and light- truck sales in the U.S. Estimates for companies are percentage changes from August 2007. Forecasts for the seasonally adjusted annual rate, or SAAR, are in millions of vehicles.
The SAAR average is based on forecasts from five analysts and a survey of 11 economists. The analysts' estimates are based on daily selling rates. August had 27 selling days, the same as in 2007.
Analyst GM Ford Chrysler SAAR
Patrick Archambault -37% -22% -37% 12.9
(Goldman Sachs)
Rod Lache
(Deutsche Bank) -30% -22% -35% N/A
Brian Johnson -31% -20% -35% 13.1
(Lehman Brothers)
Jesse Toprak -28% -16% -34% N/A
(Edmunds)
Himanshu Patel -20% -25% -30% 13.2
(JPMorgan)
Itay Michaeli N/A N/A N/A 13.5
(CitiBank)
George Magliano N/A N/A N/A 13.1
(Global Insight)
Bloomberg Economists N/A N/A N/A 13
(Average of 26 estimates)
AVERAGE: -29% -21% -34% 13
To contact the reporter on this story: Mike Ramsey in Southfield, Michigan at mramsey6@bloomberg.net
Last Updated: September 2, 2008 00:01 EDT
By Mike Ramsey
Sept. 2 (Bloomberg) -- General Motors Corp. and Chrysler LLC probably led a drop in U.S. auto sales last month as new buyer incentives failed to stem an industry slide that began in December.
The U.S. automakers, still dependent on pickups and sport- utility vehicles, likely gave up more of their home market again as their shrinkage eclipsed that of Japan's car-focused Toyota Motor Corp. and Honda Motor Co., based on a Bloomberg survey of five analysts. Record gasoline prices sapped truck demand.
A decline would extend the industry's slump to nine months. Offering employee discounts to all customers and no-interest loans may have kept results from falling to July's 15-year low, when new vehicles sold at an annual rate of 12.6 million. August's rate was 13 million, based on a survey of 31 analysts and economists.
"We would expect things to be worse for the month if it were not for the significant incentives,'' said Jeff Schuster, chief of global forecasting for consumer research firm J.D. Power & Associates in Troy, Michigan.
GM, the largest U.S. automaker, probably will say sales slid 29 percent, while Chrysler's may have plunged 34 percent and Ford Motor Co.'s by 21 percent, based on the 5 analysts' estimates. Chrysler, owned by Cerberus Capital Management LP, posted a 36 percent drop in June.
`Difficult Period'
"We're in a very difficult period right now,'' Ford sales analyst George Pipas said in an interview. He said Dearborn, Michigan-based Ford's sales are likely to be close to July's 15 percent decline.
Automakers also had to contend with the weakening U.S. economy. The Labor Department will say Sept. 5 that August non- farm payrolls fell by 75,000 jobs, after a loss of 51,000 positions in July, based on a Bloomberg survey of 61 economists. Tighter lending standards also may have helped stifle sales.
"Increasing down-payment requirements has the most significant dampening impact,'' Brian Johnson, a Lehman Brothers analyst in Chicago, said in an Aug. 25 note to investors.
August is the last month before U.S. automakers start selling new vehicles for the new model year, and they usually boost incentives to help clear out inventories, said Jesse Toprak, an analyst at consumer-research firm Edmunds.com in Santa Monica, California.
GM offered "employee pricing'' on most models for the last 12 days of August. Some vehicles have had 72-month, no-interest financing since late June.
`Some Resurgence'
Dealers are seeing "some resurgence in demand for full- size SUVs and pickups,'' Vice Chairman Robert Lutz said Aug. 28 in Joliet, Illinois, at a preview of some of the Detroit-based automaker's 2009 models. He didn't provide figures.
Chrysler, based in Auburn Hills, Michigan, is offering 72- month, no-interest loans on several models. It also started a program that allows employees to give away their price discount on a new vehicle to one person from Aug. 1 through the end of September.
"Projected retail sales remain on target for the month,'' spokeswoman Beverly Thacker said in an e-mail, without giving a figure. Chrysler's U.S. sales fell 23 percent through July.
Gasoline's retreat from the $4.11-a-gallon record set July 15 may have tempered the August sales decline. The average price at U.S. pumps for the month was $3.76, according to motorist group AAA.
`Panic Shopper'
"The panic shopper -- the customer that saw fuel prices spiking, and rushed out to buy a fuel-efficient vehicle -- is no longer in the market now that fuel prices have stabilized,'' said Steven Jaros, a Torrance, California-based assistant vice president for Honda.
August was the first month in which Chrysler's finance arm stopped offering leases. Ford plans to curb the practice after a $2.1 billion second-quarter writedown for leases because of tumbling values for returned vehicles.
The Detroit automakers may have lost a combined 8.2 percentage points of U.S. market share last month, the result of customers' embrace of cars over trucks and "the cutback in lease offers at GM and Ford, and the elimination of leasing at Chrysler Financial,'' Goldman, Sachs & Co. analyst Patrick Archambault in New York wrote in an Aug. 25 note.
U.S. Market Share
The U.S. brands of GM, Ford and Chrysler had 47.2 percent of the domestic market through July, according to Autodata Corp. in Woodcliff Lake, New Jersey.
Sales for Toyota, based in Toyota City, Japan, likely fell 11 percent and Tokyo-based Honda's dropped 7.4 percent, based on the average of 3 analysts' estimates. The analysts expect Tokyo- based Nissan Motor Co. to say sales rose 1.8 percent.
With the bigger drops for GM, Ford and Chrysler, the Japanese automakers each may have gained at least 1 percentage point of U.S. market share, Deutsche Bank analyst Rod Lache in New York said in an Aug. 25 note to investors.
European automakers including Volkswagen AG and Daimler AG also may have added market share. Through July, European brands had 7.6 percent of U.S. sales, up from 7 percent a year earlier.
GM fell 34 cents to $10 on Aug. 29 in New York Stock Exchange composite trading. The shares have lost 60 percent this year. Ford rose 3 cents to $4.46.
GM's 8.375 percent note due July 2033 was unchanged on Aug. 28 at 49.75 cents on the dollar, yielding 17.12 percent, according to Trace, the bond-price reporting system of the Financial Industry Regulatory Authority. Ford's 7.45 percent note due July 2031 also was unchanged at 51.25 cents on the dollar, yielding 15.1 percent.
Credit-default swaps on GM debt fell 36 basis points to 2,585 basis points on Aug. 29, according to CMA Datavision in New York. Ford's declined 42 basis points to 1,838 basis points.
The contracts are designed to protect bondholders against default. A drop in the price indicates an improvement in the perception of a company's credit quality.
The following table provides estimates for car and light- truck sales in the U.S. Estimates for companies are percentage changes from August 2007. Forecasts for the seasonally adjusted annual rate, or SAAR, are in millions of vehicles.
The SAAR average is based on forecasts from five analysts and a survey of 11 economists. The analysts' estimates are based on daily selling rates. August had 27 selling days, the same as in 2007.
Analyst GM Ford Chrysler SAAR
Patrick Archambault -37% -22% -37% 12.9
(Goldman Sachs)
Rod Lache
(Deutsche Bank) -30% -22% -35% N/A
Brian Johnson -31% -20% -35% 13.1
(Lehman Brothers)
Jesse Toprak -28% -16% -34% N/A
(Edmunds)
Himanshu Patel -20% -25% -30% 13.2
(JPMorgan)
Itay Michaeli N/A N/A N/A 13.5
(CitiBank)
George Magliano N/A N/A N/A 13.1
(Global Insight)
Bloomberg Economists N/A N/A N/A 13
(Average of 26 estimates)
AVERAGE: -29% -21% -34% 13
To contact the reporter on this story: Mike Ramsey in Southfield, Michigan at mramsey6@bloomberg.net
Last Updated: September 2, 2008 00:01 EDT
09-02-08, 03:59 AM
#2
Lead Lap
Thread Starter
Big 3
Car Sick
Jerry Flint 09.02.08, 6:00 AM ET
It is astounding how weak the three Detroit carmakers are in the traditional passenger-car business. The media commonly states that the three U.S. manufacturers now hold less than half the total market--only 43% in July. If you look at cars only and exclude light trucks, such as sport utility vehicles, the numbers are even worse.
In July, for example, General Motors (nyse: GM - news - people ), Ford Motor (nyse: F - news - people ) and Chrysler accounted for only 32% of passenger car sales; foreign car brands grabbed 68%. True, July was an unusually bad month, but even in the first seven months of this year, Detroit took only 36% of the car sales and the foreign nameplates took 64%.
These figures include fleet sales, such as to rental car agencies. Detroit's fleet sales have been large, about 30%, but the industry is trying to cut back on this business because it sells these cars at steep discounts. I would estimate that if we were counting only retail customers, Detroit's share of car sales would be somewhere between 25% and 30%.
How bad is the situation?
Last month, Toyota Motor (nyse: TM - news - people )'s car brands outsold all of GM's passenger car nameplates. I estimate that if we just counted retail sales of passenger cars, Honda Motor (nyse: HMC - news - people ) would have outsold GM, too. Both Toyota and Honda outsold all of Ford's brands, and on retail sales alone, it is possible that Nissan (nasdaq: NSANY - news - people ) has outsold Ford in cars, too.
Toyota, Honda, Nissan and Hyundai outsold Chrysler/Dodge in passenger cars in July, and Volkswagen/Audi and BMW probably outsold Chrysler as well in retail units. Once-great Detroit brands have faded away: Buick sold only 6,000 cars last month and Mercury, fewer than 7,000. In contrast, BMW, without the Mini, had 19,000 sales.
Look at it another way: GM's car sales were only 10% of the industry's total car and light truck sales--the total, not just cars alone; Ford's were only 5%; and Chrysler was less than 3%.
What makes this more than just a statistical oddity is that most observers generally believe that the customer swing from trucks to cars is permanent. In that case, it makes a recovery by Detroit even harder.
I see one possible break in this. The truck business may never recover to its previous mark--until recently, more than half the sales were pickups, SUVs and minivans--but it will recover. If fuel prices slip, if construction recovers, if the "panic" ends, it is reasonable to think there will be an improvement, particularly in pickup sales.
Customers also seem to like Detroit's crossover SUVs (vehicles built on a car platform, rather than a truck chassis) and domestic companies are bringing more of these vehicles to market.
How this disaster in cars came to be is no secret. The Detroit three concentrated on pickup trucks and SUVs, and in Chrysler's case, minivans as well. The products are generally good, but the companies ignored their passenger-car businesses.
Why? At General Motors, the executives came from the financial side and they considered cars commodities that were not worth the investment. At Ford, a past chief executive was interested in everything but the automobile business, and at Chrysler, the American executives were losing control to their German masters.
That is why we had inferior, dull and boring designs, cheap-looking interiors and motors and transmissions that were years behind the foreign competition. As a result, many American consumers remained loyal to domestic trucks, but they favored passenger cars with foreign nameplates.
This is starting to change. GM and Ford have improved several of their car models to the point that they are competitive with the best of the foreign brands. At GM, the Chevrolet Malibu and Cadillac CTS have received a great deal of praise from the automotive press.
That aside, the Malibu is a weak seller compared with its foreign competitors: 16,637 July sales compared with 42,131 Toyota Camrys, 41,382 Honda Accords and 24,429 Nissan Altimas.
Ford has announced that it will build, in Mexico, a new small car called the Fiesta, and that it will manufacture a much-improved next-generation version of the compact Focus in America.
GM is readying a compact car to replace the Chevy Cobalt, and executives say that it will also build, probably in Mexico, a smaller car, a modification of a Korean design,. Chrysler plans to sell a new small car, too, but Nissan will build it in Japan for Chrysler.
The fate of Detroit may rest with these new cars. Regaining a reasonable share of the car market will not be easy--not against today's foreign competition.
Jerry Flint 09.02.08, 6:00 AM ET
It is astounding how weak the three Detroit carmakers are in the traditional passenger-car business. The media commonly states that the three U.S. manufacturers now hold less than half the total market--only 43% in July. If you look at cars only and exclude light trucks, such as sport utility vehicles, the numbers are even worse.
In July, for example, General Motors (nyse: GM - news - people ), Ford Motor (nyse: F - news - people ) and Chrysler accounted for only 32% of passenger car sales; foreign car brands grabbed 68%. True, July was an unusually bad month, but even in the first seven months of this year, Detroit took only 36% of the car sales and the foreign nameplates took 64%.
These figures include fleet sales, such as to rental car agencies. Detroit's fleet sales have been large, about 30%, but the industry is trying to cut back on this business because it sells these cars at steep discounts. I would estimate that if we were counting only retail customers, Detroit's share of car sales would be somewhere between 25% and 30%.
How bad is the situation?
Last month, Toyota Motor (nyse: TM - news - people )'s car brands outsold all of GM's passenger car nameplates. I estimate that if we just counted retail sales of passenger cars, Honda Motor (nyse: HMC - news - people ) would have outsold GM, too. Both Toyota and Honda outsold all of Ford's brands, and on retail sales alone, it is possible that Nissan (nasdaq: NSANY - news - people ) has outsold Ford in cars, too.
Toyota, Honda, Nissan and Hyundai outsold Chrysler/Dodge in passenger cars in July, and Volkswagen/Audi and BMW probably outsold Chrysler as well in retail units. Once-great Detroit brands have faded away: Buick sold only 6,000 cars last month and Mercury, fewer than 7,000. In contrast, BMW, without the Mini, had 19,000 sales.
Look at it another way: GM's car sales were only 10% of the industry's total car and light truck sales--the total, not just cars alone; Ford's were only 5%; and Chrysler was less than 3%.
What makes this more than just a statistical oddity is that most observers generally believe that the customer swing from trucks to cars is permanent. In that case, it makes a recovery by Detroit even harder.
I see one possible break in this. The truck business may never recover to its previous mark--until recently, more than half the sales were pickups, SUVs and minivans--but it will recover. If fuel prices slip, if construction recovers, if the "panic" ends, it is reasonable to think there will be an improvement, particularly in pickup sales.
Customers also seem to like Detroit's crossover SUVs (vehicles built on a car platform, rather than a truck chassis) and domestic companies are bringing more of these vehicles to market.
How this disaster in cars came to be is no secret. The Detroit three concentrated on pickup trucks and SUVs, and in Chrysler's case, minivans as well. The products are generally good, but the companies ignored their passenger-car businesses.
Why? At General Motors, the executives came from the financial side and they considered cars commodities that were not worth the investment. At Ford, a past chief executive was interested in everything but the automobile business, and at Chrysler, the American executives were losing control to their German masters.
That is why we had inferior, dull and boring designs, cheap-looking interiors and motors and transmissions that were years behind the foreign competition. As a result, many American consumers remained loyal to domestic trucks, but they favored passenger cars with foreign nameplates.
This is starting to change. GM and Ford have improved several of their car models to the point that they are competitive with the best of the foreign brands. At GM, the Chevrolet Malibu and Cadillac CTS have received a great deal of praise from the automotive press.
That aside, the Malibu is a weak seller compared with its foreign competitors: 16,637 July sales compared with 42,131 Toyota Camrys, 41,382 Honda Accords and 24,429 Nissan Altimas.
Ford has announced that it will build, in Mexico, a new small car called the Fiesta, and that it will manufacture a much-improved next-generation version of the compact Focus in America.
GM is readying a compact car to replace the Chevy Cobalt, and executives say that it will also build, probably in Mexico, a smaller car, a modification of a Korean design,. Chrysler plans to sell a new small car, too, but Nissan will build it in Japan for Chrysler.
The fate of Detroit may rest with these new cars. Regaining a reasonable share of the car market will not be easy--not against today's foreign competition.
09-02-08, 04:11 AM
#3
Lead Lap
Thread Starter
Japan
Toyota Leads August Decline in Japan Vehicle Sales
By Makiko Kitamura
Sept. 1 (Bloomberg) -- Toyota Motor Corp., Japan's biggest carmaker, led the biggest monthly drop in domestic auto sales in almost ten years, as the country's unemployment rate remained near its highest level since 2006 and job prospects worsened.
Sales of cars, trucks and buses, excluding minicars, fell 15 percent to 193,902 last month from a year earlier, the Japan Automobile Dealers Association said in a statement today. The drop, the most since December 1998, was amplified by two fewer business days compared with the year-ago period.
Japan's ratio of available jobs to individuals seeking work fell for a sixth month to 0.89, the lowest since October 2004, the Labor Ministry said last week. A shrinking and aging population may also drag vehicle sales excluding minicars down to the lowest in 36 years this year.
"People are keeping away from cars amid higher gasoline prices and a worsening economy,'' said Mitsushige Akino, who oversees $468 million in assets at Ichiyoshi Investment Management Co. in Tokyo. "No one wants to buy a car if they are worried about their jobs or income.''
The Bank of Japan said last week the world's second-largest economy is "sluggish'' for the first time in 10 years after it contracted at an annual pace of 2.4 percent in the second quarter.
Sales also fell from the year-ago figure, which was inflated after an earthquake disrupted production and deliveries in July, the dealers association said.
Auto sales, including minicars, will likely fall 1.2 percent for a fourth straight decline this year to about 5.32 million units, according to the Japan Automobile Manufacturers Association.
Toyota reported an 18.4 percent drop to 83,315 units. Honda Motor Co., Japan's second-largest carmaker, said its tally rose 16 percent to 27,448 units. Sales at Nissan Motor Co., the third-largest, dropped 19 percent to 31,470 vehicles.
High fuel prices and economic weakness are also slowing auto demand in the U.S. and Europe. Toyota lowered its global sales forecast to 9.7 million vehicles next year, compared with an estimated 9.5 million this year, on Aug. 28.
Sales of minicars fell 2.8 percent to 116,189 units last month, the Japan Mini Vehicles Association said in a separate release today. Mini vehicles are powered by engines no larger than 0.66 liters.
Daihatsu Motor Co., Japan's largest minicar maker, sold 38,679 units, up 5.3 percent. The company unveiled its new Move Conte model on Aug. 25. Suzuki Motor Corp., maker of the bestselling WagonR minicar, raised sales 0.4 percent to 38,306 units.
Toyota fell 2.2 percent to close at 4,820 yen on the Tokyo Stock Exchange. Honda declined 3.4 percent to 3,460 yen, and Nissan dropped 2.6 percent to 819 yen.
By Makiko Kitamura
Sept. 1 (Bloomberg) -- Toyota Motor Corp., Japan's biggest carmaker, led the biggest monthly drop in domestic auto sales in almost ten years, as the country's unemployment rate remained near its highest level since 2006 and job prospects worsened.
Sales of cars, trucks and buses, excluding minicars, fell 15 percent to 193,902 last month from a year earlier, the Japan Automobile Dealers Association said in a statement today. The drop, the most since December 1998, was amplified by two fewer business days compared with the year-ago period.
Japan's ratio of available jobs to individuals seeking work fell for a sixth month to 0.89, the lowest since October 2004, the Labor Ministry said last week. A shrinking and aging population may also drag vehicle sales excluding minicars down to the lowest in 36 years this year.
"People are keeping away from cars amid higher gasoline prices and a worsening economy,'' said Mitsushige Akino, who oversees $468 million in assets at Ichiyoshi Investment Management Co. in Tokyo. "No one wants to buy a car if they are worried about their jobs or income.''
The Bank of Japan said last week the world's second-largest economy is "sluggish'' for the first time in 10 years after it contracted at an annual pace of 2.4 percent in the second quarter.
Sales also fell from the year-ago figure, which was inflated after an earthquake disrupted production and deliveries in July, the dealers association said.
Auto sales, including minicars, will likely fall 1.2 percent for a fourth straight decline this year to about 5.32 million units, according to the Japan Automobile Manufacturers Association.
Toyota reported an 18.4 percent drop to 83,315 units. Honda Motor Co., Japan's second-largest carmaker, said its tally rose 16 percent to 27,448 units. Sales at Nissan Motor Co., the third-largest, dropped 19 percent to 31,470 vehicles.
High fuel prices and economic weakness are also slowing auto demand in the U.S. and Europe. Toyota lowered its global sales forecast to 9.7 million vehicles next year, compared with an estimated 9.5 million this year, on Aug. 28.
Sales of minicars fell 2.8 percent to 116,189 units last month, the Japan Mini Vehicles Association said in a separate release today. Mini vehicles are powered by engines no larger than 0.66 liters.
Daihatsu Motor Co., Japan's largest minicar maker, sold 38,679 units, up 5.3 percent. The company unveiled its new Move Conte model on Aug. 25. Suzuki Motor Corp., maker of the bestselling WagonR minicar, raised sales 0.4 percent to 38,306 units.
Toyota fell 2.2 percent to close at 4,820 yen on the Tokyo Stock Exchange. Honda declined 3.4 percent to 3,460 yen, and Nissan dropped 2.6 percent to 819 yen.
To contact the reporter on this story: Makiko Kitamura in Tokyo at mkitamura1@bloomberg.net.
09-02-08, 09:20 PM
#4
Guest
Posts: n/a
[B][U][URL="http://www.bloomberg.com/apps/news?pid=20601080&sid=adY4P4G3NQAo"]Toyota
Toyota reported an 18.4 percent drop to 83,315 units. Honda Motor Co., Japan's second-largest carmaker, said its tally rose 16 percent to 27,448 units. Sales at Nissan Motor Co., the third-largest, dropped 19 percent to 31,470 vehicles.
[/COLOR]
Toyota reported an 18.4 percent drop to 83,315 units. Honda Motor Co., Japan's second-largest carmaker, said its tally rose 16 percent to 27,448 units. Sales at Nissan Motor Co., the third-largest, dropped 19 percent to 31,470 vehicles.
[/COLOR]
Wow.
09-03-08, 03:39 AM
#5
Lead Lap
Thread Starter
10 Months
August Auto Sales Seen Down for 10th Str8 Month
Wed Sep 3, 2008 6:14am EDT
DETROIT (Reuters) - Automakers are expected to post a 10th consecutive month of U.S. sales declines on Wednesday as incentives on slow-selling trucks and SUVs and General Motors Corp's (GM.N: Quote, Profile, Research, Stock Buzz) employee pricing promotion failed to ignite demand from struggling consumers in August.
Analysts see automakers posting double-digit declines in U.S. auto sales for August -- adding to the longest monthly losing streak for the industry since the domestic recession of 2001.
U.S. auto sales may have been down anywhere from 14 to 19 percent industrywide in August from a year earlier, according to analysts, but should have been up slightly from the 16-year low reported in July.
August sales are expected to reflect the continued shift toward smaller, more economical passenger cars and away from large pickup trucks and SUVs, as well as some difficulty supplying fuel efficient vehicles customers want.
U.S.-based GM, Ford Motor Co (F.N: Quote, Profile, Research, Stock Buzz) and Chrysler LLC CBS.UL -- which have a much higher percentage of sales linked to the larger vehicles than transplant carmakers -- are expected to have felt the most impact from the continued shift.
Toyota Motor Corp (7203.T: Quote, Profile, Research, Stock Buzz), the No. 2 auto seller in the United States, is also expected to report sales declines. Analysts see Honda Motor Co Ltd's (7267.T: Quote, Profile, Research, Stock Buzz) sales ranging from a slight gain to a big decline and Nissan Motor Co Ltd (7201.T: Quote, Profile, Research, Stock Buzz) posting sales growth of about 2 percent.
"Light vehicle sales in the U.S. appear to have continued at depressed levels through August, despite the very generous incentive programs that several major manufacturers have launched in recent weeks," Lehman Brothers analyst Brian Johnson said in a note to clients.
Auto sales are a closely watched and early key indicator of consumer demand in the United States for big ticket items, with investors focused on whether the second-quarter economic growth will be sustained through the rest of 2008.
Automakers have pared sales expectations throughout 2008 as the U.S. economy has continued on a sluggish path and high gasoline prices have pressured sales of larger vehicles.
GM President and Chief Operating Officer Fritz Henderson told reporters in India on Tuesday the automaker is not looking toward the rest of 2008 with huge optimism given continuing pressure on the consumer.
August was "another fairly tough month," Henderson told reporters.
DEALS APLENTY
Aiming to boost sagging sales, GM launched employee-level discounts for nearly all of its 2008 model year cars and trucks and some 2009 models in the second half of August.
The U.S. seasonally adjusted annual rate of auto sales is expected to have dropped to about 13 million units in August, up slightly from a 12.6 million rate in July but down sharply from the 16.3 million rate a year earlier.
"We saw a slight improvement in July, but don't expect to see a major recovery for the remainder of the year," said Jesse Toprak, an industry analyst at Edmunds.com.
Toprak said GM's employee discount promotion likely staved off an even greater decline in August but has not been nearly as effective as a similar promotion in 2005.
On a percentage basis, analysts have forecast Chrysler sales declines of about 25 to 35 percent; GM sales declines ranging from about 19.3 to 37 percent; and Ford declines from about 14.4 to 30 percent.
Analysts expect automakers to report some supply constraints on fuel-efficient vehicles including the Toyota Corolla compact and Prius hybrid sedan as well as Honda's Civic and Fit passenger cars.
(Additional reporting by Soyoung Kim, editing by Gerald E. McCormick)
Wed Sep 3, 2008 6:14am EDT
DETROIT (Reuters) - Automakers are expected to post a 10th consecutive month of U.S. sales declines on Wednesday as incentives on slow-selling trucks and SUVs and General Motors Corp's (GM.N: Quote, Profile, Research, Stock Buzz) employee pricing promotion failed to ignite demand from struggling consumers in August.
Analysts see automakers posting double-digit declines in U.S. auto sales for August -- adding to the longest monthly losing streak for the industry since the domestic recession of 2001.
U.S. auto sales may have been down anywhere from 14 to 19 percent industrywide in August from a year earlier, according to analysts, but should have been up slightly from the 16-year low reported in July.
August sales are expected to reflect the continued shift toward smaller, more economical passenger cars and away from large pickup trucks and SUVs, as well as some difficulty supplying fuel efficient vehicles customers want.
U.S.-based GM, Ford Motor Co (F.N: Quote, Profile, Research, Stock Buzz) and Chrysler LLC CBS.UL -- which have a much higher percentage of sales linked to the larger vehicles than transplant carmakers -- are expected to have felt the most impact from the continued shift.
Toyota Motor Corp (7203.T: Quote, Profile, Research, Stock Buzz), the No. 2 auto seller in the United States, is also expected to report sales declines. Analysts see Honda Motor Co Ltd's (7267.T: Quote, Profile, Research, Stock Buzz) sales ranging from a slight gain to a big decline and Nissan Motor Co Ltd (7201.T: Quote, Profile, Research, Stock Buzz) posting sales growth of about 2 percent.
"Light vehicle sales in the U.S. appear to have continued at depressed levels through August, despite the very generous incentive programs that several major manufacturers have launched in recent weeks," Lehman Brothers analyst Brian Johnson said in a note to clients.
Auto sales are a closely watched and early key indicator of consumer demand in the United States for big ticket items, with investors focused on whether the second-quarter economic growth will be sustained through the rest of 2008.
Automakers have pared sales expectations throughout 2008 as the U.S. economy has continued on a sluggish path and high gasoline prices have pressured sales of larger vehicles.
GM President and Chief Operating Officer Fritz Henderson told reporters in India on Tuesday the automaker is not looking toward the rest of 2008 with huge optimism given continuing pressure on the consumer.
August was "another fairly tough month," Henderson told reporters.
DEALS APLENTY
Aiming to boost sagging sales, GM launched employee-level discounts for nearly all of its 2008 model year cars and trucks and some 2009 models in the second half of August.
The U.S. seasonally adjusted annual rate of auto sales is expected to have dropped to about 13 million units in August, up slightly from a 12.6 million rate in July but down sharply from the 16.3 million rate a year earlier.
"We saw a slight improvement in July, but don't expect to see a major recovery for the remainder of the year," said Jesse Toprak, an industry analyst at Edmunds.com.
Toprak said GM's employee discount promotion likely staved off an even greater decline in August but has not been nearly as effective as a similar promotion in 2005.
On a percentage basis, analysts have forecast Chrysler sales declines of about 25 to 35 percent; GM sales declines ranging from about 19.3 to 37 percent; and Ford declines from about 14.4 to 30 percent.
Analysts expect automakers to report some supply constraints on fuel-efficient vehicles including the Toyota Corolla compact and Prius hybrid sedan as well as Honda's Civic and Fit passenger cars.
(Additional reporting by Soyoung Kim, editing by Gerald E. McCormick)
09-03-08, 09:53 AM
#6
Super Moderator
09-03-08, 09:55 AM
#7
Lead Lap
Thread Starter
Nissan Infiniti
Code:
NISSAN DIVISION
SALES
August August Monthly CYTD CYTD CYTD
2008 2007 % Change 2008 2007 % Change
Nissan Division
Total 97,417 85,275 14.2 643,939 635,210 1.4
Versa 8,015 8,454 -5.2 62,341 53,865 15.7
Sentra 9,207 9,076 1.4 79,288 75,616 4.9
Altima 25,298 25,434 -0.5 207,733 190,151 9.2
Maxima 5,484 4,748 15.5 31,618 34,758 -9.0
350Z 906 1,380 -34.3 8,278 13,916 -40.5
GT-R 484 NA NA 631 NA NA
Total Car 49,394 49,092 0.6 389,889 368,306 5.9
Frontier 9,140 5,878 55.5 39,339 45,257 -13.1
Titan 5,871 6,985 -15.9 27,028 45,766 -40.9
Xterra 8,208 4,639 76.9 28,345 34,596 -18.1
Pathfinder 6,792 6,633 2.4 28,569 41,811 -31.7
Armada 2,178 2,959 -26.4 12,506 21,257 -41.2
Rogue 6,639 NA NA 49,998 NA NA
Murano 5,071 6,580 -22.9 51,610 57,448 -10.2
Quest 4,124 2,509 64.4 16,655 20,769 -19.8
Total Truck 48,023 36,183 32.7 254,050 266,904 -4.8
North American
Produced 84,317 77,315 9.1 533,422 563,846 -5.4
Car 48,004 47,712 0.6 380,980 354,390 7.5
Truck 36,313 29,603 22.7 152,442 209,456 -27.2
Import 13,100 7,960 64.6 110,517 71,364 54.9
Car 1,390 1,380 0.7 8,909 13,916 -36.0
Truck 11,710 6,580 78.0 101,608 57,448 76.9
INFINITI DIVISION
SALES
August August Monthly CYTD CYTD CYTD
2008 2007 % Change 2008 2007 % Change
Infiniti Division
Total 11,076 10,252 8.0 82,194 83,574 -1.7
G Sedan 4,014 4,349 -7.7 32,222 37,640 -14.4
G Coupe 1,847 1,826 1.2 15,086 9,492 58.9
M 1,221 1,658 -26.4 10,968 15,034 -27.0
Q45 0 0 NA 0 21 -100.0
QX56 768 1,176 -34.7 5,914 7,633 -22.5
EX 1,645 NA NA 9,010 NA NA
FX 1,581 1,242 27.3 8,995 13,752 -34.6
Total Car 7,082 7,833 -9.6 58,275 62,187 -6.3
Total Truck 3,994 2,419 65.1 23,919 21,387 11.8
COMBINED NISSAN AND
INFINITI SALES
August August Monthly CYTD CYTD CYTD
2008 2007 % Change 2008 2007 % Change
TOTAL VEHICLE 108,493 95,527 13.6 726,133 718,784 1.0
Total Car 56,476 56,925 -0.8 448,164 430,493 4.1
Total Truck 52,017 38,602 34.8 277,969 288,291 -3.6
Selling Days 27 27 206 205
*All numbers include Hawaii. * One QX4 was sold in August 2007.
SOURCE Nissan North America, Inc.
FRANKLIN, Tenn. (September 3, 2008) – Nissan North America, Inc. (NNA) today reported August 2008 sales of 108,493 units versus 95,527 units a year ago, an increase of 13.6 percent. Sales of Nissan Division vehicles increased 14.2 percent, while sales of Infiniti Division vehicles increased by 8.0 percent.
NISSAN HIGHLIGHTS
* Nissan vehicles saw sales of 97,417 units in August compared with August 2007’s 85,275units sold, a 14.2 percent increase.
* The Xterra SUV and Frontier midsize pickup led a strong month for truck sales, with increases of 76.9 percent and 55.5 percent, respectively, over year-ago levels.
* With the introduction of the seventh-generation Maxima, sales for the model were strong, reaching 5,484 units, exceeding prior year by 15.5 percent.
* The all-new Nissan GT-R enjoyed a strong launch with sales of 484 units in August.
* Sales of Nissan cars combined for 49,394 units, an increase of 0.6 percent from the prior year, while truck sales increased 32.7 percent to 48,023 units.
INFINITI HIGHLIGHTS
* Infiniti sales for August grew to 11,076 units from 10,252 units, an increase of 8.0 percent.
* Sales of the EX totaled 1,645 units, the strongest posting for the new nameplate since its launch in December 2007.
* Sales of the FX sport crossover reached 1,581 units, an increase of 27.3 percent compared with August 2007.
NNA INFORMATION
* Combined sales for Nissan and Infiniti of 108,493 units, compared with last August’s sales of 95,527 units, marking an increase of 13.6 percent.
* To ensure consistency in our global sales reporting, Nissan North America calculates monthly variances on a straight-percentage basis, unadjusted for the number of selling days in the month. This August had 27 selling days, as did August 2007.
In North America, NNA’s operations include automotive styling, engineering, consumer and corporate financing, sales and marketing, distribution and manufacturing. More information on NNA and the complete line of Nissan and Infiniti vehicles can be found online at www.nissanews.com.
# # #
Last edited by Gojirra99; 09-03-08 at 10:03 AM. Reason: Add chart
Trending Topics
09-03-08, 09:57 AM
#8
Super Moderator
Lexus/Toyota
Toyota Reports August Sales
TORRANCE, Calif., Sept. 3 /PRNewswire/ -- Toyota Motor Sales (TMS),
U.S.A., Inc., today reported August sales of 211,533 vehicles, a decrease
of 9.4 percent from last August, on a daily selling rate basis.
The Toyota Division posted August sales of 182,252 units, a decrease of
9.4 percent from last August. The Lexus Division reported August sales of
29,281 units, a decrease of 9.1 percent from the year-ago month.
Toyota Division
Toyota Division passenger cars recorded August sales of 111,778 units,
down 3.4 percent from the same period last year. Passenger car sales were
led by Camry and Camry Hybrid, which posted combined sales of 44,064 units,
up 3.3 percent over August 2007. Camry Hybrid reported August sales of
3,456 units. Corolla recorded sales of 29,443 units for the month. With
limited availability, the Prius mid-size gas-electric hybrid posted August
sales of 13,463 units. Yaris reported sales of 9,474 units for the month,
up 20.5 percent over the year-ago month.
Toyota Division light trucks posted August sales of 70,474 units, down
17.6 percent from August 2007. Light truck sales were led by the Tundra
full-size pickup with August sales of 17,401 units. The Tacoma mid-size
pickup reported sales of 12,407 units for the month. Highlander and
Highlander Hybrid posted combined sales of 8,070 units in August. The
Highlander Hybrid gas-electric mid-size SUV reported August sales of 1,277
units, up 225 percent over last August. Sequoia posted sales of 3,195 units
for the month, up 86.1 percent over the same period last year.
Scion posted August sales of 11,867 units. The xB urban utility vehicle
led the way with August sales 4,626 units. The tC sports coupe posted
August sales of 4,484 units. The xD reported best-ever August sales of
2,757 units for the month, up 3.5 percent over the same period last year.
Lexus Division
Lexus passenger cars reported August sales of 17,844 units, a decrease
of 9.8 percent from August 2007. Passenger-car sales were led by the ES
entry luxury sedan with August sales of 7,881 units. The IS entry luxury
sport sedan reported best-ever combined sales of 6,318 units, up 17.4
percent over last August. The LS flagship luxury sedan reported combined
sales of 1,772 units. The GS luxury sport sedan reported combined August
sales of 1,686 units.
Lexus Division light trucks recorded August sales of 11,437 units, down
7.8 percent from the year-ago month. Lexus sales were led by the RX luxury
utility vehicle, which posted combined August sales of 8,969 units. The RX
400h hybrid luxury utility vehicle reported August sales of 1,277 units, up
nine percent over August 2007. The LX 570 reported sales of 748 units, an
increase of 238.5 percent over the same period last year.
TMS Hybrids
TMS calendar-year-to-date hybrid sales totaled 185,051 units. TMS
posted August sales of 19,529 hybrid vehicles. Toyota Division recorded
sales of 18,146 hybrids for the month. Lexus Division reported August sales
of 1,383 hybrids.
There were 27 selling days this month and last August.
TORRANCE, Calif., Sept. 3 /PRNewswire/ -- Toyota Motor Sales (TMS),
U.S.A., Inc., today reported August sales of 211,533 vehicles, a decrease
of 9.4 percent from last August, on a daily selling rate basis.
The Toyota Division posted August sales of 182,252 units, a decrease of
9.4 percent from last August. The Lexus Division reported August sales of
29,281 units, a decrease of 9.1 percent from the year-ago month.
Toyota Division
Toyota Division passenger cars recorded August sales of 111,778 units,
down 3.4 percent from the same period last year. Passenger car sales were
led by Camry and Camry Hybrid, which posted combined sales of 44,064 units,
up 3.3 percent over August 2007. Camry Hybrid reported August sales of
3,456 units. Corolla recorded sales of 29,443 units for the month. With
limited availability, the Prius mid-size gas-electric hybrid posted August
sales of 13,463 units. Yaris reported sales of 9,474 units for the month,
up 20.5 percent over the year-ago month.
Toyota Division light trucks posted August sales of 70,474 units, down
17.6 percent from August 2007. Light truck sales were led by the Tundra
full-size pickup with August sales of 17,401 units. The Tacoma mid-size
pickup reported sales of 12,407 units for the month. Highlander and
Highlander Hybrid posted combined sales of 8,070 units in August. The
Highlander Hybrid gas-electric mid-size SUV reported August sales of 1,277
units, up 225 percent over last August. Sequoia posted sales of 3,195 units
for the month, up 86.1 percent over the same period last year.
Scion posted August sales of 11,867 units. The xB urban utility vehicle
led the way with August sales 4,626 units. The tC sports coupe posted
August sales of 4,484 units. The xD reported best-ever August sales of
2,757 units for the month, up 3.5 percent over the same period last year.
Lexus Division
Lexus passenger cars reported August sales of 17,844 units, a decrease
of 9.8 percent from August 2007. Passenger-car sales were led by the ES
entry luxury sedan with August sales of 7,881 units. The IS entry luxury
sport sedan reported best-ever combined sales of 6,318 units, up 17.4
percent over last August. The LS flagship luxury sedan reported combined
sales of 1,772 units. The GS luxury sport sedan reported combined August
sales of 1,686 units.
Lexus Division light trucks recorded August sales of 11,437 units, down
7.8 percent from the year-ago month. Lexus sales were led by the RX luxury
utility vehicle, which posted combined August sales of 8,969 units. The RX
400h hybrid luxury utility vehicle reported August sales of 1,277 units, up
nine percent over August 2007. The LX 570 reported sales of 748 units, an
increase of 238.5 percent over the same period last year.
TMS Hybrids
TMS calendar-year-to-date hybrid sales totaled 185,051 units. TMS
posted August sales of 19,529 hybrid vehicles. Toyota Division recorded
sales of 18,146 hybrids for the month. Lexus Division reported August sales
of 1,383 hybrids.
There were 27 selling days this month and last August.
Code:
TOYOTA RETAIL SALES
(INCLUDES FLEET & HAWAII)
August, 2008
----- CURRENT MONTH ----- -- CALENDAR YEAR TO DATE --
DSR % DSR %
2008 2007 CHG 2008 2007 CHG
YARIS 9,474 7,861 20.5 82,774 62,509 31.8
COROLLA 29,443 30,491 -3.4 258,369 262,431 -2.0
CAMRY 44,064 42,658 3.3 326,076 324,702 -0.1
AVALON 3,467 5,880 -41.0 30,905 48,494 -36.6
PRIUS 13,463 14,055 -4.2 119,688 124,620 -4.4
SCION xA 0 190 -100.0 39 9,394 -99.6
SCION xB 4,626 5,329 -13.2 35,633 28,990 22.3
SCION tC 4,484 6,590 -32.0 33,001 46,369 -29.2
SCION xD 2,757 2,664 3.5 20,974 2,664 683.5
TOTAL TOYOTA
DIV. PASS. CAR 111,778 115,718 -3.4 907,460 910,177 -0.8
ES 7,881 8,646 -8.8 46,600 55,953 -17.1
LS 1,772 3,164 -44.0 14,792 23,432 -37.2
SC 187 298 -37.2 1,560 2,698 -42.5
GS 1,686 2,300 -26.7 12,042 15,422 -22.3
IS 6,318 5,381 17.4 37,328 37,949 -2.1
TOTAL LEXUS
PASS. CAR 17,844 19,789 -9.8 112,322 135,454 -17.5
TOTAL TOYOTA
PASS. CAR 129,622 135,507 -4.3 1,019,782 1,045,631 -2.9
SIENNA 10,244 11,099 -7.7 85,240 96,047 -11.7
RAV4 12,911 15,916 -18.9 96,433 117,534 -18.4
FJ CRUISER 1,886 4,802 -60.7 20,125 38,684 -48.2
4RUNNER 4,115 8,312 -50.5 34,343 59,182 -42.3
HIGHLANDER 8,070 9,514 -15.2 76,222 83,121 -8.7
LAND CRUISER 245 181 35.4 3,017 1,589 88.9
SEQUOIA 3,195 1,717 86.1 22,562 16,299 37.8
TOTAL SUV 30,422 40,442 -24.8 252,702 316,409 -20.5
4X2 TACOMA 6,508 9,060 -28.2 60,867 72,119 -16.0
4X4 TACOMA 5,899 6,034 -2.2 47,270 49,400 -4.8
TOTAL TACOMA 12,407 15,094 -17.8 108,137 121,519 -11.4
TUNDRA 17,401 18,919 -8.0 107,330 124,909 -14.5
TOTAL PICKUP 29,808 34,013 -12.4 215,467 246,428 -13.0
TOTAL TOYOTA
DIV. LT TRUCK 70,474 85,554 -17.6 553,409 658,884 -16.4
LX 748 221 238.5 5,769 1,972 191.1
GX 1,720 2,157 -20.3 11,503 14,430 -20.7
RX 8,969 10,032 -10.6 58,580 67,686 -13.9
TOTAL LEXUS
LIGHT TRUCK 11,437 12,410 -7.8 75,852 84,088 -10.2
TOTAL TOYOTA
LIGHT TRUCK 81,911 97,964 -16.4 629,261 742,972 -15.7
TOTAL TOYOTA
DIV. 182,252 201,272 -9.4 1,460,869 1,569,061 -7.3
TOTAL LEXUS 29,281 32,199 -9.1 188,174 219,542 -14.7
TOTAL TOYOTA 211,533 233,471 -9.4 1,649,043 1,788,603 -8.3
MEMO:
DOM. COROLLA 21,060 29,840 -29.4 209,554 239,186 -12.8
DOM. CAMRY 43,544 39,823 9.3 319,870 275,247 15.6
DOM. PICKUP 29,808 34,013 -12.4 215,467 246,428 -13.0
DOM. RX 7,288 7,607 -4.2 42,490 49,105 -13.9
SELLING DAYS 27 27 206 205
TOYOTA DIV.
IMPORT CAR 43,707 40,175 8.8 347,131 347,250 -0.5
LEXUS IMPORT CAR 17,844 19,789 -9.8 112,322 135,454 -17.5
TOYOTA DIV NA
BUILT CARS 68,071 75,543 -9.9 560,329 562,927 -0.9
TOTAL TOYOTA
CARS 129,622 135,507 -4.3 1,019,782 1,045,631 -2.9
TOYOTA DIV.
IMPORT LT
TRUCK 27,227 38,725 -29.7 230,140 300,110 -23.7
LEXUS IMPORT
LT TRUCK 4,149 4,803 -13.6 33,362 34,983 -5.1
TOYOTA DIV NA
BUILT LT TRUCK 43,247 46,829 -7.6 323,269 358,774 -10.3
LEXUS NA BUILT
LT TRUCK 7,288 7,607 -4.2 42,490 49,105 -13.9
TOTAL TOYOTA
LT TRUCK 81,911 97,964 -16.4 629,261 742,972 -15.7
SPORT UTILITY
VEHICLES 39,973 48,050 -16.8 308,429 361,813 -15.2
Memo: Lexus
Sport
Utility 11,437 12,410 -7.8 75,852 84,088 -10.2
SMALL VANS 10,244 11,099 -7.7 85,240 96,047 -11.7
PICKUPS 29,808 34,013 -12.4 215,467 246,428 -13.0
* NORTH AMERICAN
BUILT VEHICLES
COROLLA 21,060 29,840 -29.4 209,554 239,186 -12.8
CAMRY 43,544 39,823 9.3 319,870 275,247 15.6
AVALON 3,467 5,880 -41.0 30,905 48,494 -36.6
SIENNA 10,244 11,099 -7.7 85,240 96,047 -11.7
PICKUP 29,808 34,013 -12.4 215,467 246,428 -13.0
SEQUOIA 3,195 1,717 86.1 22,562 16,299 37.8
RX 7,288 7,607 -4.2 42,490 49,105 -13.9
TOTAL 118,606 129,979 -8.7 926,088 970,806 -5.1
N.A. VEHICLES
% OF TOTAL 56.1% 55.7% 56.2% 54.3%
SELLING DAYS 27 27 206 205
DSR = DAILY
SELLING RATE
(Logo: http://www.newscom.com/cgi-bin/prnh/20030501/TOYLOGO)
SOURCE Toyota Motor Sales, U.S.A., Inc.
09-03-08, 09:59 AM
#9
Super Moderator
Daimler AG
Daimler AG Reports August Sales of 20,927 New Vehicles for the Mercedes-Benz Cars Division in the U.S.
- Total of 20,927 Units of Mercedes-Benz Cars Division Sold in U.S.
- Mercedes-Benz USA Records August Sales of 18,507
- smart USA Records 2,420 Sales in August
NEW YORK, Sept. 3 /PRNewswire/ -- Daimler AG (NYSE: DAI) today reported
sales for the Mercedes-Benz Cars division (Mercedes-Benz and smart
combined) of 20,927 units in the U.S. for August 2008. All sales figures in
this release are on an unadjusted basis unless otherwise noted.
Mercedes-Benz USA reported August sales of 18,507 new vehicles,
bringing the year-to-date total to 158,519, a .5 percent increase over 2007
year-to-date sales.
Sales for the smart fortwo remain strong with deliveries totaling 2,420
for the month of August. This brings the year-to-date total to an
incredible 16,378 units in a just over seven months of being offered in the
U.S. market. The vehicle is attracting an overwhelming number of buyers who
want a solution to high gas prices, a reduced environmental footprint and
increased urban mobility on congested city streets -- all in a package
that's fun to drive. The fortwo offers a powerful combination of
outstanding fuel efficiency, innovative safety, environmental friendliness
and low cost of ownership. There are currently 71 smart centers open in 33
states.
Detailed vehicle sales information for MBUSA will be announced later
today in a separate press release issued by Mercedes-Benz USA.
SOURCE Daimler AG
- Total of 20,927 Units of Mercedes-Benz Cars Division Sold in U.S.
- Mercedes-Benz USA Records August Sales of 18,507
- smart USA Records 2,420 Sales in August
NEW YORK, Sept. 3 /PRNewswire/ -- Daimler AG (NYSE: DAI) today reported
sales for the Mercedes-Benz Cars division (Mercedes-Benz and smart
combined) of 20,927 units in the U.S. for August 2008. All sales figures in
this release are on an unadjusted basis unless otherwise noted.
Mercedes-Benz USA reported August sales of 18,507 new vehicles,
bringing the year-to-date total to 158,519, a .5 percent increase over 2007
year-to-date sales.
Sales for the smart fortwo remain strong with deliveries totaling 2,420
for the month of August. This brings the year-to-date total to an
incredible 16,378 units in a just over seven months of being offered in the
U.S. market. The vehicle is attracting an overwhelming number of buyers who
want a solution to high gas prices, a reduced environmental footprint and
increased urban mobility on congested city streets -- all in a package
that's fun to drive. The fortwo offers a powerful combination of
outstanding fuel efficiency, innovative safety, environmental friendliness
and low cost of ownership. There are currently 71 smart centers open in 33
states.
Detailed vehicle sales information for MBUSA will be announced later
today in a separate press release issued by Mercedes-Benz USA.
Code:
Mercedes-Benz Cars Division in the U.S. Sales Summary Through August 2008
Month Sales % Sales CYTD %
Curr Yr Pr Yr Change Curr Yr Pr Yr Change
Mercedes-Benz USA 18,507 20,980 -11.8 158,519 157,806 0.5
smart USA 2,420 n/a* n/a* 16,378 n/a* n/a*
Mercedes-Benz USA/
smart USA combined 20,927 * * 174,897 * *
* smart sales in the U.S. started in mid January 2008
SOURCE Daimler AG
09-03-08, 10:01 AM
#10
Super Moderator
Ford
Ford Reports August Sales; Ford Focus, Escape Remain Standouts in a Challenging Market
- Ford Focus sales were up 23 percent and Ford Escape sales were up 17
percent versus year ago.
- Lower demand for trucks and SUVs drives total Ford, Lincoln and Mercury
sales down 26 percent.
- Ford updates second-half production plans.
DEARBORN, Mich., Sept. 3 /PRNewswire-FirstCall/ -- Higher demand for
the fuel-efficient Ford Focus and Ford Escape continued in August, as
consumers continued moving to smaller and more fuel-efficient vehicles.
Ford Focus sales were up 23 percent and Escape sales were up 17 percent
versus a year ago, while the impact of a weak economy and lower demand for
large trucks and SUVs resulted in double-digit sales declines for Ford and
the auto industry.
"The Focus and Escape offer the features and fuel economy today's
consumer's want," said Jim Farley, Ford group vice president, Marketing and
Communications.
The 2009 Escape, with its new 2.5-liter four-cylinder engine and
six-speed transmission, delivers class-leading highway fuel economy of 28
mpg -- matching the 2009 Toyota RAV4 and topping the Honda CR-V. The 2009
Escape Hybrid delivers 34 mpg in the city and 31 mpg on the highway, making
it the most fuel-efficient utility vehicle available.
The 2009 Focus has similarly impressive fuel economy with an EPA
highway fuel economy of 35 mpg -- equal to the Toyota Corolla and the
smaller 2009 Honda Fit.
Overall, during August, Ford, Lincoln and Mercury vehicle sales totaled
151,021, down 26 percent. The decline primarily reflects lower demand for
SUVs (down 53 percent) and trucks (down 39 percent) and lower sales to
fleet customers (down 31 percent).
"We expect the second half of 2008 will be more challenging than the
first half, as weak economic conditions and the consumer credit crunch
continues," said Farley.
North American Production
Ford now plans to produce 890,000 vehicles in the second half of 2008
(420,000 vehicles in the third quarter and 470,000 vehicles in the fourth
quarter).
The second-half plan is 50,000 vehicles lower than the previous plan
(20,000 vehicles in the third quarter and 30,000 vehicles in the fourth
quarter). The reduction primarily reflects lower sales to daily rental
companies, lower production associated with the transfer of the Ford
Expedition and Lincoln Navigator from Michigan Truck Plant to Kentucky
Truck Plant, and a downward revision to the company's U.S. industry sales
forecast (to the low end of the previously provided range of 14.0 to 14.5
million).
Note: The sales data included in this release and the accompanying
tables are based largely on data reported by dealers representing their
sales to retail and fleet customers.
- Ford Focus sales were up 23 percent and Ford Escape sales were up 17
percent versus year ago.
- Lower demand for trucks and SUVs drives total Ford, Lincoln and Mercury
sales down 26 percent.
- Ford updates second-half production plans.
DEARBORN, Mich., Sept. 3 /PRNewswire-FirstCall/ -- Higher demand for
the fuel-efficient Ford Focus and Ford Escape continued in August, as
consumers continued moving to smaller and more fuel-efficient vehicles.
Ford Focus sales were up 23 percent and Escape sales were up 17 percent
versus a year ago, while the impact of a weak economy and lower demand for
large trucks and SUVs resulted in double-digit sales declines for Ford and
the auto industry.
"The Focus and Escape offer the features and fuel economy today's
consumer's want," said Jim Farley, Ford group vice president, Marketing and
Communications.
The 2009 Escape, with its new 2.5-liter four-cylinder engine and
six-speed transmission, delivers class-leading highway fuel economy of 28
mpg -- matching the 2009 Toyota RAV4 and topping the Honda CR-V. The 2009
Escape Hybrid delivers 34 mpg in the city and 31 mpg on the highway, making
it the most fuel-efficient utility vehicle available.
The 2009 Focus has similarly impressive fuel economy with an EPA
highway fuel economy of 35 mpg -- equal to the Toyota Corolla and the
smaller 2009 Honda Fit.
Overall, during August, Ford, Lincoln and Mercury vehicle sales totaled
151,021, down 26 percent. The decline primarily reflects lower demand for
SUVs (down 53 percent) and trucks (down 39 percent) and lower sales to
fleet customers (down 31 percent).
"We expect the second half of 2008 will be more challenging than the
first half, as weak economic conditions and the consumer credit crunch
continues," said Farley.
North American Production
Ford now plans to produce 890,000 vehicles in the second half of 2008
(420,000 vehicles in the third quarter and 470,000 vehicles in the fourth
quarter).
The second-half plan is 50,000 vehicles lower than the previous plan
(20,000 vehicles in the third quarter and 30,000 vehicles in the fourth
quarter). The reduction primarily reflects lower sales to daily rental
companies, lower production associated with the transfer of the Ford
Expedition and Lincoln Navigator from Michigan Truck Plant to Kentucky
Truck Plant, and a downward revision to the company's U.S. industry sales
forecast (to the low end of the previously provided range of 14.0 to 14.5
million).
Note: The sales data included in this release and the accompanying
tables are based largely on data reported by dealers representing their
sales to retail and fleet customers.
Code:
FORD MOTOR COMPANY AUGUST 2008 U.S. SALES
-----------------------------------------
August % Year-To-Date %
------ ------------
2008 2007 Change 2008 2007 Change
---- ---- ------ ---- ---- ------
Sales By Brand
Ford 133,088 180,282 -26.2 1,250,834 1,465,888 -14.7
Lincoln 9,540 10,423 -8.5 75,253 92,685 -18.8
Mercury 8,393 12,296 -31.7 90,400 118,340 -23.6
----- ------ ------ -------
Total Ford,
Lincoln and
Mercury 151,021 203,001 -25.6 1,416,487 1,676,913 -15.5
Volvo 4,669 9,119 -48.8 55,974 72,476 -22.8
----- ----- ------ ------
Total Ford
Motor
Company 155,690 212,120 -26.6 1,472,461 1,749,389 -15.8
Ford, Lincoln and
Mercury Sales By
Type
Cars 52,677 57,812 -8.9 510,299 537,789 -5.1
Crossover Utility
Vehicles 32,927 33,348 -1.3 273,320 270,291 1.1
Sport Utility
Vehicles 10,852 23,087 -53.0 119,773 196,044 -38.9
Trucks and Vans 54,565 88,754 -38.5 513,095 672,789 -23.7
------ ------ ------- -------
Total Trucks 98,344 145,189 -32.3 906,188 1,139,124 -20.4
------ ------- ------- ---------
Total
Vehicles 151,021 203,001 -25.6 1,416,487 1,676,913 -15.5
FORD BRAND AUGUST 2008 U.S. SALES
---------------------------------
August % Year-To-Date %
------ ------------
2008 2007 Change 2008 2007 Change
---- ---- ------ ---- ---- ------
Crown Victoria 3,930 3,340 17.7 35,695 42,668 -16.3
Taurus 4,462 5,851 -23.7 40,478 48,284 -16.2
Fusion 9,073 12,511 -27.5 107,603 100,553 7.0
Focus 16,387 13,282 23.4 155,036 123,158 25.9
Mustang 8,197 11,512 -28.8 73,961 99,537 -25.7
GT 0 0 NA 0 231 -100.0
- - - ---
Ford Cars 42,049 46,496 -9.6 412,773 414,431 -0.4
Flex 2,010 0 NA 5,593 0 NA
Edge 9,962 10,165 -2.0 87,197 78,044 11.7
Escape 14,025 11,960 17.3 116,511 116,605 -0.1
Taurus X 1,670 4,863 -65.7 18,473 27,346 -32.4
----- ----- ------ ------
Ford Crossover
Utility
Vehicles 27,667 26,988 2.5 227,774 221,995 2.6
Expedition 3,867 6,883 -43.8 39,627 65,386 -39.4
Explorer 5,502 11,929 -53.9 60,841 97,845 -37.8
----- ------ ------ ------
Ford Sport
Utility
Vehicles 9,369 18,812 -50.2 100,468 163,231 -38.5
F-Series 40,429 69,220 -41.6 359,971 481,146 -25.2
Ranger 4,920 4,783 2.9 50,900 53,415 -4.7
Econoline/Club
Wagon 8,081 12,821 -37.0 93,802 118,866 -21.1
Freestar 0 0 NA 0 2,390 -100.0
Low Cab Forward 55 266 -79.3 690 2,114 -67.4
Heavy Trucks 518 896 -42.2 4,456 8,300 -46.3
--- --- ----- -----
Ford Trucks and
Vans 54,003 87,986 -38.6 509,819 666,231 -23.5
------ ------ ------- -------
Ford Brand 133,088 180,282 -26.2 1,250,834 1,465,888 -14.7
LINCOLN BRAND AUGUST 2008 U.S. SALES
------------------------------------
August % Year-To-Date %
------ ------------
2008 2007 Change 2008 2007 Change
---- ---- ------ ---- ---- ------
MKS 2,374 0 NA 5,038 0 NA
MKZ 2,358 3,216 -26.7 23,336 22,948 1.7
Town Car 672 855 -21.4 10,654 24,969 -57.3
MKX 2,651 3,421 -22.5 22,224 23,145 -4.0
Navigator 923 2,163 -57.3 10,725 15,765 -32.0
Mark LT 562 768 -26.8 3,276 5,858 -44.1
--- --- ----- -----
Lincoln Brand 9,540 10,423 -8.5 75,253 92,685 -18.8
MERCURY BRAND AUGUST 2008 U.S. SALES
------------------------------------
August % Year-To-Date %
------ ------------
2008 2007 Change 2008 2007 Change
---- ---- ------ ---- ---- ------
Grand Marquis 2,182 2,245 -2.8 21,492 35,543 -39.5
Sable 1,226 1,987 -38.3 12,928 14,814 -12.7
Milan 1,816 3,013 -39.7 24,078 25,084 -4.0
Mariner 2,609 2,939 -11.2 23,322 25,151 -7.3
Mountaineer 560 2,112 -73.5 8,580 17,048 -49.7
Monterey 0 0 NA 0 700 -100.0
- - - ---
Mercury Brand 8,393 12,296 -31.7 90,400 118,340 -23.6
VOLVO BRAND AUGUST 2008 U.S. SALES
----------------------------------
August % Year-To-Date %
------ ------------
2008 2007 Change 2008 2007 Change
---- ---- ------ ---- ---- ------
S40 512 1,463 -65.0 7,715 13,513 -42.9
V50 100 211 -52.6 1,251 1,961 -36.2
S60 467 1,950 -76.1 7,187 13,529 -46.9
S80 576 1,320 -56.4 8,233 8,650 -4.8
V70 195 430 -54.7 2,531 2,512 0.8
XC70 772 870 -11.3 7,074 8,036 -12.0
XC90 1,175 2,556 -54.0 14,186 21,011 -32.5
C70 462 293 57.7 4,606 3,213 43.4
C30 410 26 1,476.9 3,191 51 6156.9
--- -- ----- --
Volvo Brand 4,669 9,119 -48.8 55,974 72,476 -22.8
SOURCE Ford Motor Company
09-03-08, 10:10 AM
#11
Super Moderator
Mazda Reports August 2008 Sales
Mazda Reports August 2008 Sales
CX-9 Leads the Way with Its Best Month Ever, MAZDA3 Reports Its Best August
IRVINE, Calif., Sept. 3 /PRNewswire/ -- Mazda North American Operations
(MNAO) today reported August 2008 sales of 23,680 vehicles, a slight
decrease over last August of 4.4 percent. Year-to-date, Mazda has sold
199,239 vehicles, down 2.0 percent.
"August sales showed that customers' focus on smaller, smarter, more
efficient vehicles is sharper than ever, in the face of still-steep fuel
prices and continued monetary uncertainties," said Jim O'Sullivan,
president and CEO, MNAO. "At Mazda, with record sales for MAZDA3, MAZDA5
and CX-9 this month, we continue to hammer away at the basics: the right
car at the right price, sold through the right dealer network."
The highly acclaimed CX-9, reigning North American Truck of the Year,
had a very solid August, selling 3,173, up 41.4 percent compared to last
August, and its best month ever. Competing in one of the most popular and
competitive automotive segments, the Mazda CX-9 is a clear class leader
with its three-row, seven-passenger interior and powerful V6 engine.
Not to be outdone, the popular and fuel-efficient MAZDA3 had its best
August sales month ever and continues to be Mazda's sales leader. MAZDA3
reported a 4.4 percent increase in sales, totaling 10,970. The MAZDA5
multi-activity vehicle posted a 39.7 percent increase versus last August,
with 1,324 sales, its best August since launch. Year-to-date, MAZDA5 sales
are up 43.3 percent, proof-positive that the MAZDA5 is the right vehicle
for today's market.
The all-new 2009 MAZDA6 is arriving at dealerships across the country
now. With a larger body than the outgoing car, as well as more powerful --
and more fuel efficient -- engine choices, the 2009 MAZDA6 is sure to be a
hit.
Mazda Motor de Mexico (MMdM) celebrated its best-ever August with sales
of 1,768 vehicles, up 22 percent versus last year. On a year-to-date basis,
MMdM reported 13,525 total sales, accounting for a 34 percent increase
versus last year. Mazda Canada Inc. (MCI) reported August sales of 7,705
units, down 10.8 percent.
Headquartered in Irvine, Calif., Mazda North American Operations
oversees the sales, marketing, parts and customer service support of Mazda
vehicles in the United States, Canada, Mexico and Puerto Rico through
nearly 900 dealers. Operations in Canada are managed by Mazda Canada, Inc.,
located in Ontario; in Mexico by Mazda Motor de Mexico in Mexico City; and
in Puerto Rico by Mazda de Puerto Rico in San Juan.
SOURCE Mazda North American Operations
CX-9 Leads the Way with Its Best Month Ever, MAZDA3 Reports Its Best August
IRVINE, Calif., Sept. 3 /PRNewswire/ -- Mazda North American Operations
(MNAO) today reported August 2008 sales of 23,680 vehicles, a slight
decrease over last August of 4.4 percent. Year-to-date, Mazda has sold
199,239 vehicles, down 2.0 percent.
"August sales showed that customers' focus on smaller, smarter, more
efficient vehicles is sharper than ever, in the face of still-steep fuel
prices and continued monetary uncertainties," said Jim O'Sullivan,
president and CEO, MNAO. "At Mazda, with record sales for MAZDA3, MAZDA5
and CX-9 this month, we continue to hammer away at the basics: the right
car at the right price, sold through the right dealer network."
The highly acclaimed CX-9, reigning North American Truck of the Year,
had a very solid August, selling 3,173, up 41.4 percent compared to last
August, and its best month ever. Competing in one of the most popular and
competitive automotive segments, the Mazda CX-9 is a clear class leader
with its three-row, seven-passenger interior and powerful V6 engine.
Not to be outdone, the popular and fuel-efficient MAZDA3 had its best
August sales month ever and continues to be Mazda's sales leader. MAZDA3
reported a 4.4 percent increase in sales, totaling 10,970. The MAZDA5
multi-activity vehicle posted a 39.7 percent increase versus last August,
with 1,324 sales, its best August since launch. Year-to-date, MAZDA5 sales
are up 43.3 percent, proof-positive that the MAZDA5 is the right vehicle
for today's market.
The all-new 2009 MAZDA6 is arriving at dealerships across the country
now. With a larger body than the outgoing car, as well as more powerful --
and more fuel efficient -- engine choices, the 2009 MAZDA6 is sure to be a
hit.
Mazda Motor de Mexico (MMdM) celebrated its best-ever August with sales
of 1,768 vehicles, up 22 percent versus last year. On a year-to-date basis,
MMdM reported 13,525 total sales, accounting for a 34 percent increase
versus last year. Mazda Canada Inc. (MCI) reported August sales of 7,705
units, down 10.8 percent.
Headquartered in Irvine, Calif., Mazda North American Operations
oversees the sales, marketing, parts and customer service support of Mazda
vehicles in the United States, Canada, Mexico and Puerto Rico through
nearly 900 dealers. Operations in Canada are managed by Mazda Canada, Inc.,
located in Ontario; in Mexico by Mazda Motor de Mexico in Mexico City; and
in Puerto Rico by Mazda de Puerto Rico in San Juan.
Code:
Mazda North American Operations - August
2008
Month-To-Date Year-To-Date
August August % % MTD August August % % YTD
2008 2007 Change DSR 2008 2007 Change DSR
Mazda3 10,970 10,511 4.4% 0.6% 84,227 84,707 (0.6)% (1.5)%
Mazda5 1,324 948 39.7% 25.7% 14,637 10,213 43.3% 29.6%
Mazda6 3,010 3,830 (21.4)% (32.0)% 38,543 40,186 (4.1)% (5.3)%
MX-5
Miata 1,052 926 13.6% 8.7% 9,383 11,716 (19.9)% (26.1)%
RX-8 355 463 (23.3)% (35.3)% 2,591 4,417 (41.3)% (72.1)%
CX-7 2,917 4,072 (28.4)% (44.8)% 21,247 28,395 (25.2)% (34.9)%
CX-9 3,173 2,244 41.4% 26.7% 18,361 13,720 33.8% 24.6%
Tribute 795 1,542 (48.4)% (101.1)% 9,250 7,763 19.2% 15.3%
B-Series
Truck 84 226 (62.8)% (179.0)% 1,000 2,063 (51.5)% (108.3)%
MPV - - N/A N/A - 122 (100.0)% N/A
Total
Vehicles
CARS 16,711 16,678 0.2% (3.5)% 149,381 151,239 (1.2)% (2.2)%
TRUCKS 6,969 8,084 (13.8)% (20.3)% 49,858 52,063 (4.2)% (5.4)%
TOTAL 23,680 24,762 (4.4)% (8.4)% 199,239 203,302 (2.0)% (3.0)%
MEMO:
IMPORT
CAR 13,701 12,848 6.6% 110,838 111,053 (0.2)%
IMPORT
TRUCK 6,090 6,316 (3.6)% 39,608 42,237 (6.2)%
IMPORT
TOTAL 19,791 19,164 3.3% 150,446 153,290 (1.9)%
DOMESTIC
CAR 3,010 3,830 (21.4)% 38,543 40,186 (4.1)%
DOMESTIC
TRUCK 879 1,768 (50.3)% 10,250 9,826 4.3%
DOMESTIC
TOTALS 3,889 5,598 (30.5)% 48,793 50,012 (2.4)%
Selling
Days 28 27 209 207
Note: MPV is a discontinued vehicle.
09-03-08, 10:14 AM
#12
Guest
Posts: n/a
Lexus actually had a good month, even if it was down, selling 29k plus vehicles, no one is even close. That is more than Mazda!, its down b/c last August was even better. The "Event" must have really gotten people buying in the showrooms.
Is that the best month for the IS? ES/RX had strong months too.
LS/GS holding on....
VW, can't win for losing. The Tiguan brings than 1k more units but Rabbit sales are down big. EOS is holding well.
The lease deals clearly helped the Infiniti EX in August, 0% for 72 months. The FX is not having a big jump in sales considering its a new model. G35/37 sales holding on.
Lincoln sales down with an all new lineup. Sad. Even WORSE, Volvo down 50%, Lexus sold 1k more IS sedans than the entire Volvo lineup!!!
Is that the best month for the IS? ES/RX had strong months too.
LS/GS holding on....
VW, can't win for losing. The Tiguan brings than 1k more units but Rabbit sales are down big. EOS is holding well.
The lease deals clearly helped the Infiniti EX in August, 0% for 72 months. The FX is not having a big jump in sales considering its a new model. G35/37 sales holding on.
Lincoln sales down with an all new lineup. Sad. Even WORSE, Volvo down 50%, Lexus sold 1k more IS sedans than the entire Volvo lineup!!!
Last edited by LexFather; 09-03-08 at 10:23 AM.
09-03-08, 10:22 AM
#13
Lexus Connoisseur
With 2.9 APR for 48 months and 3.9 for 60 months...the IS/ES/RX deals were very enticing.
09-03-08, 10:24 AM
#14
Super Moderator
Mercedes-Benz Reports August Sales of 18,507
Mercedes-Benz Reports August Sales of 18,507
Year-To-Date Sales of 158,519 Continue to Outpace 2007
MONTVALE, N.J., Sept. 3 /PRNewswire/ -- Mercedes-Benz USA (MBUSA) today
reported August sales of 18,507 new vehicles, an 11.8 percent decrease
compared to August 2007. On a year-to-date basis, MBUSA continued to
outpace its 2007 performance with sales of 158,519 new vehicles (versus
157,806).
Demand for the company's volume-leading C-Class boosted that model
line's sales performance by 53.1 percent (6,990 vs. 4,565) for the month.
On a year-to-date basis, the C-Class posted a gain of 39.8 percent (50,593
in 2008 vs. 36,184 in 2007). While down for the month of August (2,430 vs.
3,062), the popular M-Class sport utility vehicles continued to hold their
gain on a year-to-date basis with a 7.2 percent increase (22,517 in 2008
vs. 21,012 in 2007).
Separately, through the Mercedes-Benz Certified Pre-Owned program,
MBUSA marked a 46.8 percent increase in August sales with 6,440 vehicles
sold compared to 4,388 in August 2007, bringing year-to-date sales to a
total of 42,973 units, an increase of 23.3 percent over the same period in
2007.
SOURCE Mercedes-Benz USA
Year-To-Date Sales of 158,519 Continue to Outpace 2007
MONTVALE, N.J., Sept. 3 /PRNewswire/ -- Mercedes-Benz USA (MBUSA) today
reported August sales of 18,507 new vehicles, an 11.8 percent decrease
compared to August 2007. On a year-to-date basis, MBUSA continued to
outpace its 2007 performance with sales of 158,519 new vehicles (versus
157,806).
Demand for the company's volume-leading C-Class boosted that model
line's sales performance by 53.1 percent (6,990 vs. 4,565) for the month.
On a year-to-date basis, the C-Class posted a gain of 39.8 percent (50,593
in 2008 vs. 36,184 in 2007). While down for the month of August (2,430 vs.
3,062), the popular M-Class sport utility vehicles continued to hold their
gain on a year-to-date basis with a 7.2 percent increase (22,517 in 2008
vs. 21,012 in 2007).
Separately, through the Mercedes-Benz Certified Pre-Owned program,
MBUSA marked a 46.8 percent increase in August sales with 6,440 vehicles
sold compared to 4,388 in August 2007, bringing year-to-date sales to a
total of 42,973 units, an increase of 23.3 percent over the same period in
2007.
Code:
Model August '08 August '07 Monthly % YTD 2008 YTD 2007 Yearly %
C-CLASS 6,990 4,565 53.1% 50,593 36,184 39.8%
E-CLASS 2,681 3,718 -27.9% 27,782 29,191 -4.8%
S-CLASS 1,700 2,467 -31.1% 12,916 17,537 -26.4%
CL-CLASS 232 352 -34.1% 1,955 2,395 -18.4%
SL-CLASS 477 485 -1.6% 4,379 4,403 -0.5%
CLK-CLASS 613 1,372 -55.3% 7,778 10,381 -25.1%
SLK-CLASS 356 526 -32.3% 3,864 5,671 -31.9%
CLS-CLASS 313 713 -56.1% 4,493 5,458 -17.7%
R-CLASS 469 1,033 -54.6% 6,003 8,899 -32.5%
M-CLASS 2,430 3,062 -20.6% 22,517 21,012 7.2%
GL-CLASS 2,184 2,615 -16.5% 15,623 15,957 -2.1%
G-CLASS 62 72 -13.9% 616 718 -14.2%
GRAND
TOTAL 18,507 20,980 -11.8% 158,519 157,806 0.5%
