Tag Archives: Car Sales

Pickups and Crossover SUVs Celebrate Banner Year While Total U.S. Car Sales Dip Slightly in 2017

SUV sales
The U.S. auto industry closed out December to reach a third straight year of over 17 million cars sold.  Overall, however, car sales were 1.8% lower in 2017 than in 2016, ending a 7 year streak of increasing auto sales.  Taking a closer look at the numbers reveals several bright spots:… Continue reading this entry

SUV Sales Again Carrying the Auto Industry

SUV sales
If it seems like déjà vu, it’s not just you: SUVs are again leading the charge on new vehicle sales.  Buoyed by low gas prices and growing millennial families, SUV sales have increased by 6 percent from 2016 to 2017 (through October)—even though the overall car market has declined by 2 percent during the same … Continue reading this entry

Car Industry Focuses on Luring Younger Buyers as Millennials Shift Attitudes on Car Ownership

For years, we have been reading articles about how teen licensing rates are falling (from 88.6 percent in 1996 to 71.2 percent in 2015).  We have also seen much hand wringing about millennials forgoing car ownership in favor of ride sharing.  But, recent data suggests that younger generations are buying cars—they just started later than … Continue reading this entry

What Will Car Companies Look Like in the Future?

As we have written about before, what is an “automotive” company is changing. We have also written how companies like Uber, Lyft may disrupt the automotive industry. We have even considered what might be the focus of OEM’s going forward. But, we may be underselling just how disruptive things are within the industry. Morgan Stanley posits that … Continue reading this entry

European Union Posts September Car Sales Record, Asian Markets Continue to Grow

New car sales in Europe grew by 7.3% in September, marking a new record for September.  This growth continued despite concerns over Brexit.  In the first nine months of 2016, European Union passenger auto registrations grew by 8%. Italy, Spain, and Germany posted the largest growth, while France, and the UK also continued gains for … Continue reading this entry