April car/truck sales, winners and losers
Posted: Wed May 04, 2016 10:09 am
http://autoweek.com/article/car-news/ne ... dailydrive
Also worth pointing out:
General Motors recorded its biggest decline -- 3.5 percent -- in more than two years. Each GM brand fell as the automaker continued to emphasize deliveries to individual customers and dial back on less-profitable sales to rental fleets. Retail sales rose 4 percent.
GM’s 3.5 percent decline was its largest since a 12 percent drop in January 2014. Cadillac had the biggest tumble, down 29 percent, followed by Buick (down 2.8 percent), Chevrolet (down 2.3 percent) and GMC (off 0.1 percent).
It's just frustrating. Cadillac has the best lineup it has ever had. GM tries to curtail fleet sales. What's the deal?The Lincoln brand posted a 20 percent increase, with the MKC up 51 percent and the redesigned MKX nearly doubling its results from a year ago.
Also worth pointing out:
Ok lots of incentives to go around. Though somewhat alarmingly, GM had the 3rd highest average, and I'd call it tied for 2nd even.Still, some analysts expressed concerns that some of April's sales gains came as a result of elevated discounts.
“Increased fleet sales and rising incentive spending among automakers remain the factors to watch, but retail demand appears to be holding steady, signaling the industry’s strong run isn’t over quite yet,” said Tim Fleming, an analyst for Kelley Blue Book.
Overall, TrueCar estimates April incentives rose 13 percent to $3,021 a vehicle from a year earlier, and fell 2.7 percent from March.
Among major automakers, TrueCar estimates April incentives averaged $4,713 per vehicle at BMW AG, $3,911 at Daimler AG, $3,423 at Ford, $3,909 at GM, $1,631 at Honda, $2,201 at Hyundai, $2,839 at Kia, $3,298 at Nissan, $572 at Subaru, $2,017 at Toyota and $3,276 at the Volkswagen Group.