Tag Archive: gm

Auto Sales Up Last Month, But Why?

Auto sales rebounded sharply in September, with most major car manufacturers reporting better numbers. Sales at Ford were up 8.9% last month from September 2016; +11.9% at GM; Toyota +14.9%; Nissan +9.5%; Honda +6.8%. The only negatives were reported by FCA (-9.7%) and Mercedes (-1.7%).

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Vehicle Sales, Consumer Price Index and Average Weekly Hours: More Than Minor Auto Potential

According to Edmunds.com, in June 2017 the average length of a new vehicle loan has been stretched to a record 69.3 months. JD Power says that incentives last month were running at more than 10% of MSRP, the eleventh time over the past twelve months where manufacturers have so heavily discounted. And yet, the auto industry would have us believe that the problem is one of fleet sales rather than of consumers.

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Auto Pressure Ramps Up

The Los Angeles Times today asked the question only the mainstream would ask. “Wages are growing and surveys show consumer confidence is high. So why are motor vehicle sales taking a hit?” Indeed, the results reported earlier by the auto sector were the kind of sobering figures that might make any optimist wonder.

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