March Sales Pace at 17.15 Million-Unit SAAR

WOODCLIFF LAKE, N.J. — Total new-vehicle sales in March increased 0.6% vs. a year ago to 1,545,802 units, according to Autodata Corp. March’s seasonally adjusted annual rate increased to 17.15 million units — the highest rate of the year so far — from February’s 16.66 million. The following is a breakdown of sales performance by ... Read More »

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NADA Keeps U.S. New Car Sales Forecast at 16.94 Million

The National Automobile Dealers Association Monday reaffirmed its outlook for U.S. auto industry sales to rise 3.1 percent to 16.94 million this year, despite slightly negative gross domestic product impact early this year because of bad weather and West coast port strikes, reported The Detroit News. NADA Chief Economist Steven Szakaly, in a call with ... Read More »

Volvo Cars to Build U.S. Plant to Spearhead Sales Recovery

Volvo Cars will invest $500 million in its first U.S. assembly plant under plans announced on Monday, plugging a longstanding gap in the Swedish carmaker’s manufacturing base as it pursues a global comeback under Chinese ownership, reported Reuters. Volvo is in advanced talks with several U.S. states and will announce a location within weeks, Chief ... Read More »

Hyundai Motor Targets 5 Percent U.S. Sales Growth This Year

South Korea’s Hyundai Motor aims to boost its U.S. sales by 4.7 percent this year, ahead of the industry’s projected growth rate, despite a consumer shift to SUVs and pick-up trucks, reported Reuters. Sales of Hyundai’s mainstay sedans, the Elantra and Sonata, have slowed in the United States as consumers take advantage of lower fuel ... Read More »

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VW Keeps Profit Outlook, Raises Sales Target After Record Earnings

Volkswagen stuck to its guidance for operating profit after posting record earnings last year on double-digit gains in sales of luxury Audi and Porsche models, reported Reuters. Europe’s largest carmaker said on Friday the group operating margin could come in a range between 5.5 percent and 6.5 percent, same as last year’s projection. Operating profit ... Read More »

VW’s Audi beats Mercedes with record January sales

Audi outsold Mercedes-Benz in January as demand in China and the United States helped Volkswagen’s flagship division post record sales and analysts said the lead over its German rival may widen, reported Reuters. Audi said on Monday sales rose 10 percent last month to 137,700 cars and sport-utility vehicles with the world’s two largest car ... Read More »

GM Sales Jump 18.3%, Ford Up 15.3%, FCA Up 14% in January

Detroit’s automakers on Tuesday all posted strong sales increases in January compared to a year ago, led by General Motors Co.’s 18.3 percent gain — its best January in seven years, reported The Detroit News. Buyers took advantage of low gas prices, easy access to credit and stable feelings about the economy to buy vehicles, ... Read More »

J.D. Power Projects Best January Sales in 10 Years

WESTLAKE VILLAGE, Calif. — January new-vehicle sales are expected to reach levels not seen since 2004, according to a sales forecast from J.D. Power and LMC Automotive. The two firms expect sales for the month to reach 932,000 units, an 8.5% increase over January 2014. The total retail SAAR in January is expected to reach ... Read More »