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U.S. Car Sales Set Record in 2015
Keywords:
U.S. auto sales including cars and light trucks reached 17.5 million in 2015, a 5.7% increase over 2014. Larger vehicles including pickup tucks and SUV's account for about half of all auto sales in 2015, with gas prices below $2.00 a gallon in Jan 2016 in most parts of the U.S. The average transaction price was up to $34,428, according to Kelley Blue Book. Auto incentives were up to $3063 per vehicle compared to $2809 ten years earlier, according to Kelley Blue Book. Analysts say automakers will reduce margins to subsidize zero interest loans in 2016 to increase sales. Lower sales are forecast after 2017 as the market will have caught up with much of the pent up demand by then. A plus for the automakers is the lower cost of steel and other material costs, and the better cost structures after bankruptcy, and renegotiated lower union pay scales. Additional plus is new management at U.S. automakers and at Toyota, and the technological advances this management is pushing, including fuel efficiency. Ride sharing, and other services developed by Google, are seen as disrupting the traditional car model to a limited extent. Countering this new development are millenials who are accounting for a quarter of Toyota sales in the last quarter of 2015, according to a Toyota executive.
Average age of cars in the U.S. increases to 11.3 in 2013
03/16/2012
The 2008 financial crisis and the recession that followed led to Americans hanging on to their cars for longer. Americans also put more miles on their cars with increasing reliability of automobiles, the norm now being closer to 200,000 instead of 100,000.
Grouped Articles
Vital Signs: Americans Holding on to Their Cars Longer
Wall Street Journal 01/03/2014
As Cars Are Kept Longer, 200,000 Is New 100,000
New York Times 03/16/2012
U.S. car sales hit record high in 2015 - The Washington Post
Washington Post 01/06/2016
U.S. Car Sales Set Record in 2015
Wall Street Journal 01/06/2016
Younger Buyers Help Keep U.S. Car Sales Humming
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The boost in U.S. car sales from pentup demand since the 2008 financial crisis with 23% increase in the period buyers hold on to new and used cars
04/03/2012
Grouped Articles
U.S. Auto Makers' Party Is Braking Up
Wall Street Journal 04/03/2012
U.S. Car Sales Set Record in 2015
Wall Street Journal 01/06/2016
Younger Buyers Help Keep U.S. Car Sales Humming
Wall Street Journal 01/06/2016
The huge turnaround in car loans and auto loan backed securities that is backing the recovery in U.S. auto sales in 2011-2013
01/02/2011
U.S. car sales are expected to be between 14 to 15 million in 2012. The recovery in auto sales is supported by a huge rebound in car loans and in the securities backed by car loans.
Grouped Articles
U.S. June Auto Sales Keep Climbing
Wall Street Journal 07/02/2014
The New Rules of Borrowing for Homes, Autos and College
Wall Street Journal 09/13/2014
U.S. Auto Sales Surge in December
Wall Street Journal 01/06/2015
U.S. Car Sales Set Record in 2015
Wall Street Journal 01/06/2016
Wall Street Journal 08/14/2012
Wall Street Journal 12/04/2012
The surging U.S. car market in 2013
07/03/2013
Grouped Articles
U.S. Car Sales Pace Hits Five Year High
Wall Street Journal 07/03/2013
U.S. car sales hit record high in 2015 - The Washington Post
Washington Post 01/06/2016
U.S. Car Sales Set Record in 2015
Wall Street Journal 01/06/2016
Younger Buyers Help Keep U.S. Car Sales Humming
Wall Street Journal 01/06/2016
Marketing push by Japanese automakers including higher incentives and higher inventory levels at U.S. automakers 2012-2014
01/12/2010
Japanese automakers have sharply increased incentives to increase sales after the tsunami. This hits U.S. automakers in a double whammy. Ford, GM and Chrysler benefitted from the impact of reduced supply at dealers of Japanese automakers, now they have to deal with a reversal of that situation as well as higher incentives by the Japanese. About 38% of Toyota sales are at zero percent financing in 2012. U.S. automakers are reluctant to go too far down the incentives road as it has hurt them in the past. The result is higher dealer inventories for U.S. automakers in Dec. 2012, another problem that hurt automakers in the past.
Grouped Articles
Wall Street Journal 05/08/2013
Toyota Bounces Back With Strong Profits
New York Times 05/08/2013
Toyota Gains in Mixed Month for U.S. Auto Sales
Wall Street Journal 04/02/2015
U.S. Car Sales Set Record in 2015
Wall Street Journal 01/06/2016
Wall Street Journal 12/05/2012
Marchionne Upends Chrysler's Ways
Wall Street Journal 01/12/2010
Recovery in U.S. auto sales in 2012-2014
01/02/2011
Grouped Articles
Auto Makers Rebound as Buyers Go Big
Wall Street Journal 01/04/2014
U.S. June Auto Sales Keep Climbing
Wall Street Journal 07/02/2014
Incentives Boost U.S. Auto Sales in July
Wall Street Journal 08/02/2014
Auto Sales Trends Echo Troubled Past
Wall Street Journal 11/03/2014
U.S. Auto Sales Surge in December
Wall Street Journal 01/06/2015
U.S. Car Sales Set Record in 2015
Wall Street Journal 01/06/2016
Resurgence in sales of SUV's and pickup trucks for GM, Ford and Chrysler in 2011-2015
01/14/2008
The risks to U.S. automakers of a falloff in SUV and pickup sales with rising gasoline prices. This happened in earlier periods leading to losses for the automakers.
Grouped Articles
Detroit Vehicles Outperform Imports in Quality Study
Wall Street Journal 05/13/2013
Ford Is Hoping to Give the Once-Great Explorer a Second Life
New York Times 05/27/2010
Ford's Truck Czar Divides to Conquer
Wall Street Journal 11/07/2013
Robust Sales of Jeeps and Rams Lead Big Increase for Chrysler
New York Times 11/03/2014
Measuring Car Sales by the Gallon
Wall Street Journal 12/02/2014
Why Gas Feels Cheap—and Why It’s Not, Historically Speaking
Wall Street Journal 01/04/2015
Unemployment, oil prices and U.S. auto sales recovery in 2011-2014
01/02/2011
Grouped Articles
U.S. Auto Sales Surge in December
Wall Street Journal 01/06/2015
Oil Prices Tumble to Fresh Lows
Wall Street Journal 01/06/2015
U.S. Car Sales Set Record in 2015
Wall Street Journal 01/06/2016
Younger Buyers Help Keep U.S. Car Sales Humming
Wall Street Journal 01/06/2016
Unemployment Puts Brakes on Auto Recovery
Wall Street Journal 01/02/2011
GM Chief: Industry Ill-Placed for Oil Shock
Wall Street Journal 03/01/2011
Car loans and the auto industry 2011-2014
08/14/2012
Automobile financing in the U.S. reached a new level in 2012 with a large increase in auto loans.
Grouped Articles
The New Rules of Borrowing for Homes, Autos and College
Wall Street Journal 09/13/2014
Auto Sales Trends Echo Troubled Past
Wall Street Journal 11/03/2014
U.S. car sales hit record high in 2015 - The Washington Post
Washington Post 01/06/2016
U.S. Car Sales Set Record in 2015
Wall Street Journal 01/06/2016
Younger Buyers Help Keep U.S. Car Sales Humming
Wall Street Journal 01/06/2016
Wall Street Journal 08/14/2012
The U.S. car market and auto sales in 2014-2017
07/02/2014
Grouped Articles
U.S. June Auto Sales Keep Climbing
Wall Street Journal 07/02/2014
Incentives Boost U.S. Auto Sales in July
Wall Street Journal 08/02/2014
Auto Sales Trends Echo Troubled Past
Wall Street Journal 11/03/2014
U.S. Auto Sales Surge in December
Wall Street Journal 01/06/2015
Surging Demand for Pickups Tests New EPA Rules
Wall Street Journal 08/04/2015
Auto Industry Sales Explode in an Ever-Changing Market
New York Times 12/31/2015
The increasing age of automobiles in the U.S. market with 200,000 miles replacing 100,000 as the new norm
01/02/2011
Automoblies last longer with reduced wear and tear for engines and other parts, as auto companies improve durability and quality. In 2012 used cars for sale that have 150,000 miles are not that uncommon. This will have an impact on future auto sales.
Grouped Articles
U.S. car sales hit record high in 2015 - The Washington Post
Washington Post 01/06/2016
U.S. Car Sales Set Record in 2015
Wall Street Journal 01/06/2016
Younger Buyers Help Keep U.S. Car Sales Humming
Wall Street Journal 01/06/2016
As Cars Are Kept Longer, 200,000 Is New 100,000
New York Times 03/16/2012
U.S. Auto Makers' Party Is Braking Up
Wall Street Journal 04/03/2012
U.S. Car Sales Climbed in June
New York Times 07/03/2012
U.S. subprime auto loans reach 27% in 2013, reminiscent of the 36% reached in 2006 before the subprime loan financial crisis
09/24/2014
A little starter interrupt device disabling cars of borrowers missing a single payment has reduce the number of delinquent loans from above 20% to 7%, along the way raising privacy concerns, traffic safety concerns. This only increases the lenders (including credit unions) desire to make more subprime loans because they are very profitable at a time of low interest rates, and because of the demand for loans that can be marketed as securities in financial markets. Are regulators again going to sleep at the job?
Grouped Articles
Miss a Payment? Good Luck Moving That Car
New York Times 09/24/2014
U.S. car sales hit record high in 2015 - The Washington Post
Washington Post 01/06/2016
U.S. Car Sales Set Record in 2015
Wall Street Journal 01/06/2016
BMW, VW and Mercedes in the U.S. market 2010-2015
12/08/2006
Surging sales of German automakers in the U.S. market by 2013. Sales of VW were up 34% in 2013 with the mass appeal of the VW Passat made in Chattanooga, Tennessee.
Grouped Articles
Japanese Car Makers Lose Their Midsize Edge
Wall Street Journal 05/07/2013
Mercedes Renews Small-Car Push
Wall Street Journal 09/14/2011
Daimler Under Pressure to Catch Audi, BMW
Wall Street Journal 07/25/2013
BMW Launches Its First Mass-Production Electric Car
Wall Street Journal 07/30/2013
VW's $1 Billion Bet on U.S. Factory Sputters
Wall Street Journal 09/06/2013
Volkswagen Replaces U.S. Chief
Wall Street Journal 12/13/2013
Rebound in sales and employment in the U.S. auto industry 2011-2014
06/01/2012
Employment in the U.S. auto industry increased to 644,000 workers in the first quarter of 2012, an increase of 6% over the prior year, according to the Bureau of Labor Statistics.
Grouped Articles
May Car Sales Keep Up Healthy Pace
New York Times 06/01/2012
U.S. June Auto Sales Keep Climbing
Wall Street Journal 07/02/2014
Incentives Boost U.S. Auto Sales in July
Wall Street Journal 08/02/2014
U.S. Car Buyers Offset Troubles Abroad
Wall Street Journal 10/02/2014
Auto Sales Trends Echo Troubled Past
Wall Street Journal 11/03/2014
U.S. Auto Sales Surge in December
Wall Street Journal 01/06/2015
Shift to higher incentives ($3000 per vehicle) in the U.S. automobile market in 2014
11/03/2014
Higher sales approaching 16.3 million annual sales for October 2014 in the U.S. market come with higher incentives spending and subsidizing of loans and leases. Subprime auto lending also increasing.
Grouped Articles
Auto Sales Trends Echo Troubled Past
Wall Street Journal 11/03/2014
U.S. Auto Sales Surge in December
Wall Street Journal 01/06/2015
U.S. Car Sales Set Record in 2015
Wall Street Journal 01/06/2016
Younger Buyers Help Keep U.S. Car Sales Humming
Wall Street Journal 01/06/2016
The resilience of U.S. auto sales in 2015-2016- new management, technological advances and pent up demand
01/06/2016
The U.S. automobile market and its resilience is one factor in the improving economy in 2016. New management and technology provide a resilience for automakers that never existed before.
Linked Articles
U.S. Car Sales Set Record in 2015
Wall Street Journal 01/06/2016
U.S. car sales hit record high in 2015 - The Washington Post
Washington Post 01/06/2016
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