July 2018 Sales Thread
08-03-18, 11:02 AM
#31
Lexus Fanatic
iTrader: (20)
08-03-18, 01:53 PM
#32
Lexus Champion
08-03-18, 02:14 PM
#33
Lexus Champion
Yah, I think in September or so. I'm anxious to take a look at it. Exterior styling is conservative (not a bad thing IMO) and the interior/tech has changed/improved. I would have thought they'd sell more than 157 of the current gen to people looking to save on an A6.
08-03-18, 02:17 PM
#34
Lexus Champion
Also the new Q5 is doing very well, so some A6 buyers may have bought that instead.
08-03-18, 02:24 PM
#35
Lexus Champion
08-03-18, 04:52 PM
#36
And great job Lexus to be #1 brand for the month.
08-03-18, 04:57 PM
#37
Toyota quarterly results came in today, and it was biggest quarter in their history with 19% increase of operating income to record high $6b (and last yr was also highest). Interestingly enough, this happened while they lost #1 sales crown in Japan (for individual model) and lowest market share in a long time... but it the end, it seemed to be conscious effort to increase profit and cut incentives and simplify model lineup (they sell like 50+ vehicles in Japan for >40% market share). Point of the story - incentives have to stop at some point.
08-04-18, 05:30 AM
#38
Lexus Fanatic
iTrader: (20)
Thx for sharing toyota analysis - those are excellent results!
08-06-18, 06:13 AM
#39
actually last night i read an article about how on average manufacturers dropped incentives for first time in many years, but I cant find it anymore... I remember MB and BMW increased theirs little bit (to around $5k on average) while Toyota had largest drop from 2.8k to 2.3k. Pretty sure it was on TTAC but maybe they did not have rights to publish incentive data.
Bloomberg makes a passing noting about cut in discounts but it is barely mentioned in article:
https://www.bloomberg.com/news/artic...les-off-course
KBB shows some more data:
https://www.kbb.com/car-news/all-the...ce/2100005651/
And we can see BMW cutting its subscription prices as expected:
Bloomberg makes a passing noting about cut in discounts but it is barely mentioned in article:
https://www.bloomberg.com/news/artic...les-off-course
KBB shows some more data:
J.D. Power reports that incentives are declining, dropping to an average of $3,665 from $3,869 a year earlier. Car incentives are down an average of $579, while truck offers increased $5 on average. "Incentives spending in July was relatively restrained, as dealer inventory appears to be at a comfortable level,” said Brad Korner, *** Automotive general manager of rates and incentives.He added that it’s a “sign automakers are managing production well in the post-peak era. Regional incentives are still being used where market share battles are heaviest.”
And we can see BMW cutting its subscription prices as expected:
BMW cuts subscription price
BMW has introduced a new, lower-priced tier in its subscription pilot program in response to a low price announced by its rival, Mercedes-Benz. It also cut the price on its other two tiers on the subscription plan offered in Nashville, Tenn.
The new Icon tier is priced at $1,099 and provides access to BMW 3301, 330e iPerformance plug-in hybrid, X2, X3, M240i convertible and i3 electric models. The new price nearly matches the $1,095 lowest tier offered by Mercedes in its pilot, which is also in Nashville, as well as Philadelphia. BMW also cut prices on its higher tiers, reducing its Legend tier from $2,000 to $1,399 and its M Tier from $3,700 to $2,699. Legend vehicles include BMW 4 Series, 5 series, X5, and M2, while M Tier includes M4 convertible, M5, M6 convertible, and X6 M models.
BMW has introduced a new, lower-priced tier in its subscription pilot program in response to a low price announced by its rival, Mercedes-Benz. It also cut the price on its other two tiers on the subscription plan offered in Nashville, Tenn.
The new Icon tier is priced at $1,099 and provides access to BMW 3301, 330e iPerformance plug-in hybrid, X2, X3, M240i convertible and i3 electric models. The new price nearly matches the $1,095 lowest tier offered by Mercedes in its pilot, which is also in Nashville, as well as Philadelphia. BMW also cut prices on its higher tiers, reducing its Legend tier from $2,000 to $1,399 and its M Tier from $3,700 to $2,699. Legend vehicles include BMW 4 Series, 5 series, X5, and M2, while M Tier includes M4 convertible, M5, M6 convertible, and X6 M models.
08-06-18, 09:11 AM
#40
Pole Position
actually last night i read an article about how on average manufacturers dropped incentives for first time in many years, but I cant find it anymore... I remember MB and BMW increased theirs little bit (to around $5k on average) while Toyota had largest drop from 2.8k to 2.3k. Pretty sure it was on TTAC but maybe they did not have rights to publish incentive data.
Bloomberg makes a passing noting about cut in discounts but it is barely mentioned in article:
https://www.bloomberg.com/news/artic...les-off-course
KBB shows some more data:
https://www.kbb.com/car-news/all-the...ce/2100005651/
And we can see BMW cutting its subscription prices as expected:
Bloomberg makes a passing noting about cut in discounts but it is barely mentioned in article:
https://www.bloomberg.com/news/artic...les-off-course
KBB shows some more data:
https://www.kbb.com/car-news/all-the...ce/2100005651/
And we can see BMW cutting its subscription prices as expected:
08-06-18, 09:35 AM
#41
as per KBB article, it was for July not for previous quarters. They had even table with every major competitor and average incentive vs before, but i think it was retracted. Detailed incentive data per manufacturer is really hard to find (you got to pay for it and then extra i guess if you want to publish it).
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