The Ford Fiesta has been selling exceptionally well in the Small car segment, beating key competitors like the Toyota Yaris and Nissan Versa. Last May, 7,120 Fiestas were sold, outselling the Versa’s 4,793 units in the same month. The success of the Fiesta has been attributed to skyrocketing fuel prices as well as the shortage...
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Sales of luxury cars have been slipping for some time now. No surprise there—we may not be living in refrigerator boxes (with decent Wifi connections, hence you reading this post), but we’re not completely over the 2008 recession. And yet, luxury cars have sunk even lower in the market for some time now, and not...
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Toyota Canada has cut its sales projections by a third and warned dealers that the supply of new vehicles is starting to be choked off as the company feels the effects of the March 11th earthquake that rocked northern Japan. While Toyota sent two memos to dealers regarding the revised sales forecast, the company refused...
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General Motors Co. may reduce production of pickup trucks after inventories rose last month. GM’s truck inventory rose to more than 275,000 at the end of April working out to about 111 days of supply, according to Don Johnson, GM’s vice president of U.S sales. GM dealers had about 264,000 trucks on their lots last...
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Volkswagen could barely sell one generation of the Passat here in the United States, but over in China, VW is selling no less than 4 different Passats, from the mid-1990’s B5 chassis car to the all-new, “Made for America” Passat that will be sold here. The New Passat, as the current car is dubbed, will...
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April’s U.S. sales figures are in, and to the surprise of exactly no one, $4-gallon gas and continuing unrest in basically everywhere has led to a surge in small car sales. As far as small cars go, Kia, Scion and MINI were the front-runners: Kia sales shot up by 57 percent, while MINI’s increased by...
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General Motors had limited the sales of the Chevrolet Volt for April as the brand is bumping up supplies of demonstration models. Cristi Landy, Chevrolet marketing director said in a statement “It’s tough to limit the number of Volts for sale to potential customers when demand is so strong, but the Volt has value to the Chevrolet...
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The Nissan Leaf outsold the Chevrolet Volt in April, reversing March’s sales numbers where the Volt handily outsold the Leaf. Nissan moved 573 Leaf EVs in April, while 493 Volts found a home amongst buyers. Whie the Volt has been leading in total sales with (2,029 sold, compared to 1,044 for the Leaf), if April’s...
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Hyundai boosted its quarterly profit by 46 percent, and managed to outsell Honda, whose production was hampered by the earthquake and tsunami that hit Japan in March. Hyundai managed to sell 919,000 units in the quarter, compared to 860,000 for Honda. Honda’s earnings, output and total sales were down markedly, in line with other Japanese...
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Volkswagen sold a whopping two million vehicles around the globe in one quarter, the first time in the company’s history. The criticism of the new Jetta didn’t damper sales at all—sales profits grew over 30% in the first quarter, netting VW a tidy 37.5 billion Euros. Growth in China, India, and Eastern Europe helped fuel...
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Volkswagen is looking to add an entry-level brand for the Chinese market as a means of stabilizing its lead in the Chinese marketplace. “We are currently evaluating with our partner First Auto Works whether we need to add a domestic brand to enter the low-cost portion of the Chinese market,” Soh Weiming, executive VP for Volkswagen’s...
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Rolls- Royce is expecting a massive sales increase in the second quarter of this year, thanks to increased demand spurred by their “cheaper” Ghost model, which retails for a mere $246,500. The introduction of the Ghost in 2010 helped sales jump 167 percent, spurred by enormous growth in China. The brand expects to open 11...
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Nearly 5 months in to the calendar year, Lexus has admitted that it will not be able to sustain its lead in the luxury car sales race, due to tight supplies of vehicles and parts from Japan. With dealers down to a 30 day supply of cars (compared to a usual 60 or 90 day...
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General Motors is set to become the world’s largest automaker yet again, reclaiming the title from Toyota, whose operations have been hit hard by a production slowdown brought on by Japan’s natural disasters. With only a 30,000 vehicle gap in sales between the two companies at the end of 2010, GM should easily reclaim the...
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Aston Martin has just established its first foothold in India, with its first showroom in Mumbai. The showroom will be managed in partnership with Infinity Cars Pvt. Ltd., a well known local distributor, with a location in a swanky district of Mumbai known as Kemps Corner. “India represents a new opportunity for us and as...
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Despite being written off as a failure in both critical acclaim and unit sales, the Honda Insight has seen sales explode as higher gas prices, a promotional blitz and a general upward trend in sales resulted in a 62.2 percent improvement in year-over-year sales numbers for Honda’s hybrid hatchback. The Insight was regarded by almost...
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Dealers and their automakers have some good news recently: they are getting the highest transaction prices in 15 years, according to a new report. CNW Research has crunched the numbers and found that early sales in April were selling at 87 percent of the manufacturer’s suggested retail price, and a reduction in haggling. “Dealers are the...
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For all the fuss about Hyundai‘s success in the United States, the Korean automaker is making even bigger waves in Canada, where the brand reigned supreme for Q1 of this year. While truck sales far outpace car sales in Canada (just like in America – and both markets are topped by the Ford F-Series), Hyundai...
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In case you were wondering, the plural term for Prius is “Prii.” You might want to remember that, because according to Toyota, the car is multiplying fast. Its supply may be limited in parts by last month’s Japanese earthquake and tsunami, but that hasn’t stopped it from setting sales records, the most recent one being...
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The initial slow start to the Chevrolet Volt rollout sped up in March with sales of more than twice the number than were sold in January and February combined. Sales of 608 Volts plus 321 in January and 281 in February now make 1,210 total. This is not a lot compared to 18,018 Cruzes sold...
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After a brief announcement on March 23rd stating that the natural disasters in Japan may affect North American production, Toyota has announced that it is still “too early to predict” whether plants in Canada and the United States, which build both Toyota and Lexus cars, will face shutdowns due to a shortage of parts from...
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For the first time in its life, the Nissan Altima has outsold both the Toyota Camry and Honda Accord, taking the title of America’s Best Selling Sedan. Altima sales were up by 27 percent compared to last year, helping Nissan achieve a record month in sales. Currently, Nissan is offering a number of incentives, including...
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Chrysler will have a short 2011 model year, as its revamped efforts for this year haven’t even finished arriving, while ordering for the 2012 model year cars will begin in just over a month. After its 2009 bankruptcy, Chrysler doubled down to bring out a slate of revised products for 2011. A total of 16...
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For all the skepticism surrounding the Hyundai Equus, the Korean luxury sedan appears to be doing well, even exceeding Hyundai’s own expectations. Hyundai’s Midwestern PR head Dean Bedore gave us some insight into the success of the Equus, noting that it currently has a 5 percent market share of the luxury car segment, while Hyundai...
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