Auto Industry News

  • September 08, 2015 12:22 PM | Kathy Skogsberg (Administrator)

    15% Change in July4% change Year to Date

    In a recent comparison of Idaho's New Car & Truck registrations, between July 2015 vs. July 2014, it was found that there is an overall percent increase of 15% year over year.  The year-to-date (includes data recorded so far for August) comparison indicates a 4% change from this time last year.

  • September 02, 2015 9:31 AM | Kathy Skogsberg (Administrator)

    U.S. light-vehicle sales slipped 0.7 percent, far better than projections of a 3.3 percent dip, to 1.505 million in August as consumers shrugged off volatile stock prices and continued to splurge on new cars and light trucks.

    The seasonally adjusted annualized sales rate soared to 17.81 million, the highest pace since July 2005, when employee-style discounts drove volume, and the strongest month of the 6-year recovery.   Source: http://www.autonews.comREAD MORE>>

  • September 01, 2015 8:36 PM | Kathy Skogsberg (Administrator)

    Fiat Chrysler Automobiles NV on Tuesday logged a better-than-expected 1.7% increase in U.S. auto sales in August despite a calendar quirk and a tough year-over-year comparison, extending the auto maker’s streak of sales gains to 65 months. More sales results from auto makers are due out later Tuesday, and overall U.S. sales are expected to cool in August as the impact of a later Labor Day masked an otherwise strong month of buying. Much of the blame for the lackluster sales is the accounting for Labor Day holiday purchases. For the first time since 2012, those sales will be included in September results. Traditionally, Labor Day sales are reported in August when the holiday falls in early September. This year, it falls on Sept. 7. Last August also included one more selling day, which—coupled with the impact of Labor Day—helped make it the strongest month for auto sales of 2014, according to Sterne Agee. Still, the seasonally adjusted annualized rate is expected to come in above 17 million new cars and trucks for the fourth month in a row as the gravy train of low lease rates, cheap gas and consumer enthusiasm continues to roll. The last time the industry had a four month sales streak above 17 million vehicles was 2006.
    Source: The Wall Street Journal

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