Jump to content
Create New...
  • William Maley
    William Maley

    By the Numbers - January 2017

      Taking a slightly deep dive into January's auto sales

    Author's Note: Welcome the to first 'by the numbers' where we take a deeper look at sales numbers and give some perspective on them. Whether it is considering the weather affecting sales to understanding why midsize sedans are falling down, this is the place to see it a new light.

    January is never a good month when it comes to car sales. Coming from the spending and holidays of December, people are hesitant to spend money on expensive items. This was reflected in January sales with a 1.9 percent drop.

    “Coming off a record December and year in 2016, the industry in January took a bit of a pause with volume down slightly vs. a year ago,” said Bill Fay, group vice president and general manager of the Toyota division in a statement.

    Midsize sedan sales are getting clobbered

    January marked the tenth month of year-over-year decline in midsize sedan sales. As Tim Cain from The Truth About Cars notes , the class saw a 21 percent decline for the month. This is concerning considering passenger car sales only dropped 13 percent. The big losers for the month were the Hyundai Sonata (down 48.1 percent), Chevrolet Malibu (down 43.2 percent), and Toyota Camry (down 24.3 percent). A lot of this can be attributed to the rise of crossovers and SUVs. Data from Wards Auto shows sales of crossovers rose 9.4 percent and sales of SUVs up 12.6 percent for the month.

    Only two nameplates in the midsize sedan class actually saw sales go up - Mazda6 (up 28.3 percent) and Volkswagen Passat (up 64.2 percent). We need to put these numbers into perspective. This time last year, Volkswagen was still embroiled in the diesel emission scandal which caused all of Volkswagen's nameplates to dive downward. As for the Mazda6, that 28.3 percent increase only represents 728 additional models sold (3,300 in Jan 2017 vs, 2,572 in Jan 2016).

    What happened Toyota?

    January wasn't a pleasant month for Toyota and Lexus dealers. The company reported an 11.3 percent decrease in overall sales. Over at Lexus, they saw sales plummet 25.6 percent. What happened? As we mentioned above, the Camry saw a big drop in January sales. Not helping was Toyota's truck lineup posting a 4.1 percent drop and the Sienna seeing sales drop 33.7 percent. Over at Lexus, their entire passenger car line saw a 40.6 percent decline. SUVs and crossovers did slightly better with a 15 percent drop. Lexus general manager Jeff Bracken admits that December's big sales left dealers with a limited stock of their utility vehicles for January, which explains the sales decrease.

    Nissan's Crossover & Incentive Play

    Nissan had a record January with 100,761 vehicles leaving dealers. More than half of those sales came from their truck and utility line - 53,313 models. Out of that, 28,760 units came from Rogue crossover (up 46 percent). But January also saw Nissan increase incentives. According to ALG (via Automotive News (Subscription Required)), Nissan raised incentives 24 percent to an average of $4,335 when compared to last January.

    Other notes from the month:

    • Chevrolet Camaro, Dodge Challenger, and Ford Mustang all saw drops this month. Of course, you might be thinking, ITS WINTER! But last year, sales of three were slightly higher - Camaro: 5,551 in 2016 vs. 3,588 this year; Challenger: 5,661 in 2016 vs. 3,393 this year; Mustang: 7,580 in 2016 vs. 5,046 this year.
    • You would think automakers would be increasing the transaction prices on SUVs and trucks to make a little bit more dough. Not so. According to Kelly Blue Book's monthly new-car transaction report, the average transaction price on trucks or SUVs either stayed the course or saw a slight decrease/increase (ranging -0.1 to 0.5 percent when compared to last month).
    • Fiat Chrysler Automobiles sales slide continues with an 11 percent drop in January. How do you reverse this? Sources tell Automotive News that FCA is planning to add an additional 400 dealers in the U.S. That's on top of the almost 2,500 dealers across the country. What could go wrong?

    Edited by William Maley

    User Feedback

    Recommended Comments

    On FCA we saw the stop of production on 4 models, 2 of which, the Patriot and Compass, being major sellers for the them.  The stop of production and dwindling dealer stock on those 2 alone would explain a major reason for the drop.  Add in the 200 and Dart and thee is your difference.  on top of that the new Compass is not yet available.  More worrying is Toyota and Lexus, particularly ANY drop in SUV and CUV sales which cannot be explained away with a half-hearted claim of low inventory. 

    Link to comment
    Share on other sites



    Join the conversation

    You can post now and register later. If you have an account, sign in now to post with your account.
    Note: Your post will require moderator approval before it will be visible.

    Guest
    Add a comment...

    ×   Pasted as rich text.   Paste as plain text instead

      Only 75 emoji are allowed.

    ×   Your link has been automatically embedded.   Display as a link instead

    ×   Your previous content has been restored.   Clear editor

    ×   You cannot paste images directly. Upload or insert images from URL.


  • google-news-icon.png



  • google-news-icon.png

  • Subscribe to Cheers & Gears

    Cheers and Gears Logo

    Since 2001 we've brought you real content and honest opinions, not AI-generated stuff with no feeling or opinions influenced by the manufacturers.

    Please consider subscribing. Subscriptions can be as little as $1.75 a month, and a paid subscription drops most ads.*
     

    You can view subscription options here.

    *a very limited number of ads contain special coupon deals for our members and will show

  • Similar Content

  • Posts

    • I really like this mission style table, I may try to build it later this year.
    • Having been to Mexico, I can say that Mexican food in Mexico is better than almost any Mexican food you will eat in the USA. Good. I love this, can't happen to more deserving folks.  Time for Tesla to drive off into the history books and rest in peace with Tucker, Saturn, Studebaker, and Whippet. Will be interesting to see which direction you go next. I always loved that building. My wife worked for a few summers in Philly when we were dating...was always happy to visit Philadelphia for a number of reasons. It is gorgeous
    • I see tons of BYD and Kia electrics in Mexico, but very few Teslas....proof that folks south of the border have more sense. Love the KIA DESIGN LANGUAGE.
    • WOW, California now has 48% more chargers than gas pumps. California Just Crossed an EV Milestone. Here's How
    • Showcased as a Concept in Tarragona, Spain for Kia EV day, the Concept EV2 is a agile B-segment electric SUV that show cases what a production model could be for people to experience urban spaces in new immersive ways. The Concept EV2 is designed for the lifestyle-driven buyers who want cutting edge technology with a connected inspiring driving experience. Kia stated the key exterior features of the Concept EV2: Clean, confident exterior look with vertical DRLs, Kia’s Star Map signature lighting, and a dynamic appearance Compact design, with a strong silhouette and rugged bumpers, gives the Concept EV2 a bold, premium feel Profile combines solid stance with a dynamic shoulder line, robust fenders, and geometric glass and wheel arch details for a refined, technical look Kia President and CEO, Ho Sung Song stated the following: “The Kia Concept EV2 represents a bold step forward for the future of urban mobility. With the Concept EV2, we challenged ourselves to create a vehicle that defies expectations, offering innovative technology and practicality beyond its size. This concept previews Kia’s future vision to redefine the segment, bringing a new level of sophistication and usability to urban drivers. It's a clear signal of our dedication to making electric vehicles truly accessible for everyone." Kia stated that the Concept EV2 is a preview of an accessible sub-compact SUV for the masses that is a B-segment EV that hits above its class. Offering innovative experiences with beyond class features. The vision of the Concept EV2 is to bring sustainable mobility to everyone. The Concept EV2 is clearly identifiable as a part of the Kia EV Family. A clean design that projects a unique confident character as the EV2 starts off with DRLs or Daytime running lights. Kia believes they have delivered a sophisticated focus of style in a city-friendly dimension while also projecting a rugged appearance. This dynamic character on the outside continues with a dynamic interior. Key features of the Concepts EV2 interior: Sustainable interior with flexible seating, vibrant design, and functional LED lighting Easy access and versatility with rear-hinged doors, flat floor, and wide-opening tailgate for active urban lifestyles Concept EV2 features pop-up luggage dividers, message window tech, and removable triangular speakers for customizable audio experience Kia is focused on an interior that hits above the beltline for its b-class and yet also allows innovation so that folks can adjust for just about any reason / experience. The Kia Concept EV2 continued to hit above what other companies have done by stating that this B-Segment sub-compact will offer features usually found on larger class EVs. Second row folding seats V2L or Vehicle-to-Load charging OTA or Over-the-Air updates If you were in bad weather but still wanted to have a picnic, the EV2 has a flat floor where one could fold up the rear seats, slide the front seats up against the dash and enjoy a picnic in a segment leading interior floor space. The creation of an expansive area that users can take full advantage of when parked continues with no central pillar and rear-hinged rear doors. The Concept EV2 will have a diagonal LED lighting throughout allowing lighting to be available where one needs it for the lifestyle you want to live. Music can be played through the Concept EV2 triangle speakers found in the front doors and in strategically placed interior areas. Concept EV2 features an innovative pop-up sliding luggage dividers and straps that secure items of all size. Kia's unique message lighting allows occupants to display text messages through the windows allowing communication with pedestrians and other road users. Kia has since stated the EV2 will go into production globally with a launch in early 2026 in Europe and spreading out across the quarters to Asia and North America. Pricing and full options details will be released closer to launch. Kia/Hyundai/Genesis has also announced that they will be investing 21 billion U.S. dollars in expanding their U.S. production capabilities. This will cover the following: The Group to invest a total of USD 21 billion in the U.S. from 2025 to 2028 USD 9 billion to expand U.S. automobile production to 1.2 million units annually USD 6 billion to enhance parts, logistics and steel business, increasing the localization of auto parts and strengthening supply chains USD 6 billion to expand future industries and strengthen external partnerships and energy infrastructure, including EV charging Investment is expected to create more than 100,000 direct and indirect job opportunities by 2028, including 14,000 direct full-time jobs Expansion of production will happen in Alabama and Georgia as well as a production of a Electric Arc Furnace steel mill in Louisiana producing 2.7 million tons of high-strength light weight steel products. This investment will expand the robust nature of their supply chain across the U.S. This investment has a commitment that goes beyond what most companies do in that six billion will cover the following investments: Collaborating with Boston Dynamics to expand the U.S. ecosystem for robotics components and establish a mass-production system Partnering with NVIDIA to accelerate the development of AI solutions for future mobility, including autonomous driving and robotics Advancing R&D with Supernal, the Group’s US affiliate for AAM business, to commercialize an eVTOL vehicle by 2028 Supplying robotaxis to Waymo as part of its strategic partnership with Hyundai Motor Company, and co-developing autonomous driving services with Aptiv Investing potential startups through venture capital and other funding mechanisms to support U.S. startups specializing in mobility, robotics, and AI Strategic cooperation between Hyundai Engineering & Construction Holtec International on Small Modular Reactor (SMR) technology Establishing infrastructure to bolster use of renewable energy Investing in IONNA EV charging alliance to expand infrastructure This commitment of investment is expected to generate 570,000 jobs nationwide as Kia presses on to become the dominate ICE / Hybird / EV producer in North America. This brings it back to the question that started it all, will the public love and want the EV2? View full article
  • Who's Online (See full list)

  • My Clubs

×
×
  • Create New...

Hey there, we noticed you're using an ad-blocker. We're a small site that is supported by ads or subscriptions. We rely on these to pay for server costs and vehicle reviews.  Please consider whitelisting us in your ad-blocker, or if you really like what you see, you can pick up one of our subscriptions for just $1.75 a month or $15 a year. It may not seem like a lot, but it goes a long way to help support real, honest content, that isn't generated by an AI bot.

See you out there.

Drew
Editor-in-Chief

Write what you are looking for and press enter or click the search icon to begin your search