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November 2, 2016 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
Auto Sales Slow as U.S. Eases From Peak to ‘Pretty Good’ Market
GM, Fiat Chrysler Sales Slip in October Amid Fewer Selling Days
Toyota Sales Off 8.7%; Lexus Trucks a Bright Spot
Jaguar, Land Rover Gain in '16 as Mercedes, Lexus, BMW Lose Ground
5 Things We Learned from October Auto Sales
Mazda Says Toyota Tie-Up Could Yield Electric, Connected Cars
Top Stories
Auto Sales Slow as U.S. Eases From Peak to ‘Pretty Good’ Market

Automakers reported lower U.S. sales for October, reinforcing the idea the market may have plateaued at a healthy level that still supports the U.S. economy. The companies faced a difficult comparison to the year-earlier month, which was the best of 2015 and had two more sales days. Sales fell 4.4 percent to 1.39 million vehicles in October, Autodata Corp. reported on its website, after including an estimate for Ford Motor Co.’s results expected later this week. The largest automakers, including General Motors Co., Toyota Motor Corp. and Fiat Chrysler Automobiles NV, all declined.
Source: Bloomberg

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GM, Fiat Chrysler Sales Slip in October Amid Fewer Selling Days

Retail demand for profitable light trucks, however, likely topped a record for the month

Auto makers reported an encouraging trend for earnings in October, posting strong retail demand for profitable light trucks that is likely to achieve a record level even as overall car and light truck sales are cooling off. More than 62% of vehicles sold at dealerships during the month were pickup trucks or sport-utility vehicles, estimates to researcher J.D. Power, a shift sparked by fuel-efficiency gains in heavier vehicles and cheap gasoline prices.
Source: The Wall Street Journal

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Toyota Sales Off 8.7%; Lexus Trucks a Bright Spot

Toyota Motor Sales U.S.A. said [Tuesday] that October U.S. sales fell 8.7 percent to 186,295 vehicles compared with the year-ago month, as two fewer selling days and slumping car sales weighed on volume. Toyota Division sales were down 9.1 percent to 161,492 vehicles with car sales off 17 percent to 74,299 and truck deliveries falling 1 percent to 87,193 units. Car sales across the Toyota group were off 17 percent and truck sales were flat.
Source: Automotive News

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Jaguar, Land Rover Gain in '16 as Mercedes, Lexus, BMW Lose Ground

As auto-sales growth has slowed this year in the U.S., the biggest gainers have been smaller luxury brands with new SUV offerings. Exhibit A: Jaguar, the elegant British line known traditionally for its sports cars and sedans. Jaguar is hardly alone in cashing in on the SUV craze. Sister brand Land Rover, which specializes in body-on-frame luxury utilities, is up 7.8 percent. Volvo, best known for its XC90 crossover, has increased sales 21 percent.
Source: Bloomberg

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5 Things We Learned from October Auto Sales

Industry analysts and automakers remains on track to sell about 17.4 million new cars and trucks this year -- a number that would be the second most in the history of the U.S. auto industry

Sales of new cars and trucks probably fell about 6.7% in October even though the overall health of the industry remains strong. How can both things be true? "First, October of 2015 was one of the highest sales months in the history of the industry, so being ‘down’ compared to last year was almost inevitable," said Kelley Blue Book senior analyst Karl Brauer. "Second, there were two fewer selling days in October 2016 versus 2015, along with an East Coast hurricane impacting sales in that region."
Source: Detroit Free Press

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Mazda Says Toyota Tie-Up Could Yield Electric, Connected Cars

Toyota Motor Corp. and Mazda Motor Corp. have discussed electric vehicles and connected cars as part of at least 10 potential areas for cooperation, the latest indication Japan’s automakers will join forces to cope with technological trends shaking up their industry. Mazda is having broad discussions with Toyota, Akira Marumoto, Mazda’s executive vice president, told reporters today at a briefing in Tokyo.
Source: Bloomberg

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Past Articles
       
      Quotable
      "It's getting tougher to sell cars, but it’s still a pretty good market. It's just taking more money to push the sales."

          -- Michelle Krebs, an analyst with Cox Automotive’s Autotrader, commenting on auto sales, Bloomberg, Nov. 1

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