Tesla Motors, the Silicon Valley start-up automaker that is clearly here to stay, is working to ramp up production on its all-electric 2013 Tesla Model S luxury sedan in response to overwhelming demand. With 8,931 units sold in the U.S. in 2013 through the end of June, the luxury electric has outsold the Nissan LEAF and Chevrolet Volt, not to mention the Mercedes-Benz S-Class and BMW 7-Series.
Posts Tagged ‘Auto Sales Data’
The midsize sedan market, dominated for decades now by the venerable Toyota Camry, is growing at a feverish pace. Sales year-over-year in the segment are up staggering 20%, far outpacing the industry as a whole, as former minivan and large sedan buyers have found that one of a crop of vastly improved new value-packed midsizes will meet their needs nicely. With brand-new offerings within the last 2 years from almost every single manufacturer, the segment is also seeing a shakeup.
Buyers around the world continue to respond to fine new products from Nissan Motor Company, with both U.S. and global sales hitting new record highs for Japan’s second largest automaker.
Nissan sold 4,940,133 units the world over in 2012, an increase of 5.8% over 2011 numbers. In the U.S., Nissan sold 1,141,656 units for a gain of 9.5%. In its home market of Japan, Nissan sold 659,756 cars and trucks for an 11.6% gain.
U.S. growth was slightly below the industry’s overall pace, even as rivals in Toyota and Honda saw much stronger growth percentage-wise. But these numbers can be deceiving: Nissan was not hampered by the Spring 2011 Japanese natural disasters to the extent of Japan’s other automakers, therefore not seeing as much of a “rebound” in 2012.
Nissan continues to shift more and more production to North America, with output up 14.6% in the U.S. and 12.6% in Mexico for the year. By producing more of its products to be sold here on these shores, with the new revised 2013 LEAF now among its U.S.-made products, Nissan has been a driving force behind auto industry job growth.
Total U.S. new car sales in September are up 11% over the same month last year, expected to hit around 1.2 million units for a seasonally adjusted annual sales rate of 14.6 million vehicles. That keeps pace with industry full-year sales projections ranging from around 14.3 to 14.5 million cars and light trucks. In 2011, carmakers moved 12.8 million vehicles.
Retail sales, i.e. sales to customers like you and I rather than rental car fleets and corporations, are one of the best barometers for the industry’s overall health. Retail sales should hit 950,000 units in September, a rock-solid proportion of all car sales. The industry’s growth in 2012 has been solid and steady without big peaks and valleys, which is good for carmakers because it allows them to tailor new vehicle production and pricing strategies accordingly, bringing greater profitability.
A full 66% of more than 100 high-level auto industry executives surveyed say their companies have added U.S. jobs in the last year, with 72% predicting job growth in the year to come, according to an August comprehensive industry survey by KPMG International.
New car sales in the U.S. jumped 9.5% in September as improving credit scores coupled with remarkably low financing boosted car buying and helped with consumers’ bottom lines.
Record Low Interest Rates Drive Sales
Banks are currently charging the lowest average interest rates on new car loans since the Federal Reserve began tracking these statistics in 1971. Finding 0% financing, often resulting in thousands in savings when applied over 60 months, has become easier as nearly every major automaker currently offers some models at 0% to A-plus credit buyers (credit scores 790-999).
Sales to buyers with B-tier credit, around 650 to 679, have risen 26% this year as financiers are much more willing to work with a greater number of buyers.
September 2012: By the Numbers
September sales at Toyota rose around 36% in September, while Honda moved around 28% more vehicles last month over the same month in 2011. The Japanese brands were still recovering at this time last year from catastrophic natural disasters, but have successfully regained the market share they lost during those trying times. Nissan, which was hit less hard by the earthquake and tsunami last year, saw sales fall around 2.1%. Volkswagen/Audi sales rose about 30% with current zero-interest financing on Touareg, Tiguan, Passat, Jetta and Golf.
The American brands underperformed the industry average as Japanese brands fought back, but still saw small overall sales increases. Ford sales rose around 2.3%, while Chrysler moved about 6.3% more cars and GM 2.4%. Sales at Hyundai/Kia rose 9.1% as Korea’s automakers continue to court new buyers despite lower-than-average incentive spending.
The annualized selling rate for September measured 14.5 million vehicles, right on place for 2012 total-year projections which place new vehicle sales well over 14 million. Automakers moved 12.8 million cars and trucks here in 2011.