auto sales

Cars.com projected that December light, new-vehicle sales will hit 1,510,500 units, marking an 11.3 percent improvement from the same month a year ago. This would mark the highest December unit sales count since December 2006. Cars.com is projecting a Seasonally Adjusted Annual Rate of 16.86...

Michael Ward of Sterne Agee stated in a note on Sunday that global vehicle sales improved 2.1 percent in the first 11 months of 2014 to 75.2 million units and remain on track to reach 81.5 million for all of 2014, an all-time high. Ward notes that positive trends continue to be seen across the...

When asked about the 153 percent increase In Tesla Motors Inc (NASDAQ: TSLA) Model S registrations in October, Kelley Blue Book Senior Analyst Karl Brauer told Benzinga that it can be tough to evaluate Tesla’s sales numbers, since they aren’t reported in the same “detailed...

When asked about the 153 percent year-over-year increase in Tesla Motors Inc (NASDAQ: TSLA) registrations for the month of October, Cars.com Chief Analyst Jesse Toprak told Benzinga that he wouldn’t read too much into high percentage changes. “Year-over-year comparisons for Tesla...

Speaking to Benzinga, IHS Automotive Analyst Thomas Libby said that while registrations for the Tesla Motors Inc (NASDAQ: TSLA) was up 153 percent year-over-year in October, it’s difficult to determine retail demand for the vehicles. The reason? No dealerships. “In this situation...

Cars.com Chief Analyst Jesse Toprak is expecting new-vehicle sales to reach 17.1 million units for 2015. It will be a decent, but not dramatic increase, according to Toprak. “There is going to be a limit to how much the market can grow,” he said. “It is going to be a healthy...

Jesse Toprak, chief analyst for Cars.com, told Benzinga that December will be a “robust” month for new-vehicle sales, especially new-select segments. Toprak explained that this includes luxury vehicles and anything that has the word “large” associated with the name, such...

Speaking to Benzinga on Tuesday, Cars.com Chief Analyst Jesse Toprak said that both a strong stock market and the “perfect storm of conditions” pushing people to dealerships contributed to better-than-expected new-vehicle sales in the auto sector for November. Not only did new-car...

Jesse Toprak, chief analyst for Cars.com, told Benzinga that there has always a “very high” correlation between the stock market and new-vehicle sales. “The correlation between the S&P 500 and the SAAR for new-car sales is a staggering 78 percent,” he said. Toprak...

Following major auto manufacturers releasing sales data for September, Ryosuke Hosino and Kota Mineshima of Morgan Stanley offered some commentary. September's U.S. auto sales SAAR (seasonally adjusted annual rate) came in at 16.43 million vehicles, a “major correction” from 17.53 million units in...

General Motors Company (NYSE: GM) reported on Wednesday that delivered 223,437 vehicles in the United States, a rise of 19.4 percent from a year ago, exceeding analyst expectations of 18 percent growth. Retail deliveries rose 17 percent while fleet deliveries rose 30 percent, including the 11th...

Chrysler Group LLC reported a 19% rise in its US auto sales in September. Chrysler sold 169,890 vehicles in September, compared to 143,017 vehicles, in the year-ago month. Chrysler's truck sales gained 30%, while car sales declined 7.1%. Jeep vehicle sales rose 47%. The Ram brand's sales jumped...

Sales at Ford Motor Co (NYSE: F) and its Chinese joint ventures rose 9% y/y to 77,506 vehicles in China in August. Ford's sales in China gained 25% in July and surged 17% in June. Sales at Ford in the first eight months of the year jumped 30% y/y to 717,537 vehicles. Ford sold 8,526 Mondeo...