Auto industry sets all-time sales record in 2015
The U.S. auto industry sold more cars and trucks in two thousand fifteen than ever before, with Detroit automakers reporting their best sales since the mid-2000s and several foreign manufacturers posting all-time records.
Led by sales of pickups, sport utility vehicles and crossovers, automakers sold 17.47 million vehicles last year — besting the previous record of 17.41 million set in two thousand and posting a Five.7 percent build up from 2014, according to Autodata Corp. The record was closer than many analysts expected, as December sales came in slightly less than many projected.
“Low gas prices certainly helped put money in people’s pockets, which goes along with the overall feeling good about the economy, and led to all the SUV and truck purchases this year,” said Jessica Caldwell, director of industry analysis for Edmunds.com. “It was indeed the year of the SUV.”
Fiat Chrysler Automobiles NV and Ford Motor Co. reported their best annual U.S. sales since two thousand five and 2006, respectively, while General Motors Co. had its best year since 2007. Other automakers — Honda Motor Co., Nissan Motor Co., Hyundai Motor Co., Kia Motors Corp., BMW Group and Subaru — recorded all-time records. Industry observers expect the two thousand fifteen record to be eclipsed this year.
GM was the U.S. industry’s sales leader last year, selling almost Trio.1 million vehicles, up five percent. Ford sold Two.6 million, up Five.Trio percent. Fiat Chrysler sold more than Two.Two million, up 7.Trio percent from 2014.
Topping the sales charts in two thousand fifteen was Ford’s F-Series with 780,354 sold. That made it America’s best-selling pickup for thirty nine consecutive years and the best-selling vehicle for thirty four straight years. The Ford brand remained the best-selling brand in the United States for a sixth-straight year, with more than Two.Five million cars and trucks sold.
Toyota Motor Corp.’s midsize Camry sedan was the best-selling car for a 14th consecutive year, with sales at 429,355, level with 2014.
“2015 was a standout year,” Bill Fay, group vice president and general manager of the Toyota Division, told reporters in a call Tuesday. Toyota sold almost Two.Five million vehicles last year, up Five.Three percent.
There was little market share shift in 2015. GM led with 17.6 percent (down 0.Two percent), followed by Ford (14.9 percent), Toyota (14.Trio percent) and Fiat Chrysler (12.8 percent) keeping their top catches sight of from 2014. No automaker gained or lost more than 0.Two percentage points of market share from two thousand fourteen to 2015.
Sales last month set a December record at 1.64 million, up nine percent year-over-year, as buyers took advantage of five selling weekends and two extra sales days vs. December 2014. Some analysts expected December to top 1.7 million and come close to the industry monthly record of more than 1.8
million set in July 2005.
Trucks, SUVs proceed surge
2015 marked the fifth time in six years that light-duty trucks, including some SUVs and crossovers, outsold cars. Trucks accounted for 55.7 percent, or 9.7 million, of vehicles sold last year, up more than 1.1 million from 2014. That’s the segment’s highest percentage since 2004, according to Autodata Corp. The shift in consumer preferences amid low gas prices hurt car sales; their numbers declined by more than 177,000 from the year before.
“Low interest rates and low gas prices provided Christmas presents to most carmakers, as the two thousand fifteen sales year ended with a bang,” said Jack R. Nerad, Kelley Blue Book executive editorial director and executive market analyst.
KBB reports that even however pickups from Detroit automakers were the three best-selling vehicles in 2015, puny SUVs now lead the overall industry in market share.
National Automobile Dealers Association chief economist Steven Szakaly expects automakers to increase buyer incentives on cars this year by at least ten percent, as request for pickups, crossovers and SUVs proceeds to rise. He expects sales of trucks to increase to fifty seven percent of the industry this year.
Many industry analysts expect two thousand sixteen new-vehicle sales to top 2015, which would make for a second-consecutive year of record sales and a seventh-consecutive year of annual increases.
Expectations from industry analysts range inbetween 17.Five million and eighteen million or more, as favorable factors such as low fuel prices, a rebounding labor market and consumer confidence proceed.
“In terms of the macroeconomic environment, we expect that many of the favorable factors that supported a record two thousand fifteen industry spectacle will remain in place this year,” said Ford chief economist Emily Kolinski Morris, who declined to release Ford’s two thousand sixteen sales outlook Tuesday.
GM, which also did not release its two thousand sixteen forecast, said it is expecting a second-consecutive year of record industry sales in 2016.
“The single most significant chunks are the ongoing gains in employment and the growth in individual income,” Mustafa Mohatarem, GM’s chief economist, said in a statement. “When you add in lower energy prices, it’s effortless to see why consumer spending is strong.”
Szakaly, whose Virginia-based NADA represents about 16,000 new-car and truck dealerships, expects sales to rise to 17.7 million or higher in two thousand sixteen before leveling off.
“Long-term sustainably of this market at or above eighteen million is questionable,” he said. “It’s still going to be a superb year in 2016, but there’s always this worry inbetween profitability and sales at the (automaker) level.”
Pursuing sales and market share over profits is one reason why GM and the former Chrysler went bankrupt amid the recession in 2009. They were producing more vehicles than the market needed, and had to suggest big discounts and buying incentives to budge them.
Mark LaNeve, Ford vice president of U.S. marketing, sales and service, said it’s “hard to say” if more marketing and incentives will be needed in 2016. He expects automakers to remain competitive, but believes they have learned from past mistakes.
“(The) industry’s been pretty disciplined,” he said during a call Tuesday with news media and analysts. “I anticipate that it will proceed to be disciplined. I think everybody learned their lessons the earlier part of the last decade. We attempt to catch supply to request.”
Factors that could prevent two thousand sixteen from being another record year include global geopolitical issues, natural disasters and an influx of recently leased vehicles injecting the market, possibly stealing some new-car sales.
Auto industry sets all-time sales record in two thousand fifteen
Auto industry sets all-time sales record in 2015
The U.S. auto industry sold more cars and trucks in two thousand fifteen than ever before, with Detroit automakers reporting their best sales since the mid-2000s and several foreign manufacturers posting all-time records.
Led by sales of pickups, sport utility vehicles and crossovers, automakers sold 17.47 million vehicles last year — besting the previous record of 17.41 million set in two thousand and posting a Five.7 percent build up from 2014, according to Autodata Corp. The record was closer than many analysts expected, as December sales came in slightly less than many projected.
“Low gas prices certainly helped put money in people’s pockets, which goes along with the overall feeling good about the economy, and led to all the SUV and truck purchases this year,” said Jessica Caldwell, director of industry analysis for Edmunds.com. “It was truly the year of the SUV.”
Fiat Chrysler Automobiles NV and Ford Motor Co. reported their best annual U.S. sales since two thousand five and 2006, respectively, while General Motors Co. had its best year since 2007. Other automakers — Honda Motor Co., Nissan Motor Co., Hyundai Motor Co., Kia Motors Corp., BMW Group and Subaru — recorded all-time records. Industry observers expect the two thousand fifteen record to be eclipsed this year.
GM was the U.S. industry’s sales leader last year, selling almost Trio.1 million vehicles, up five percent. Ford sold Two.6 million, up Five.Three percent. Fiat Chrysler sold more than Two.Two million, up 7.Trio percent from 2014.
Topping the sales charts in two thousand fifteen was Ford’s F-Series with 780,354 sold. That made it America’s best-selling pickup for thirty nine consecutive years and the best-selling vehicle for thirty four straight years. The Ford brand remained the best-selling brand in the United States for a sixth-straight year, with more than Two.Five million cars and trucks sold.
Toyota Motor Corp.’s midsize Camry sedan was the best-selling car for a 14th consecutive year, with sales at 429,355, level with 2014.
“2015 was a standout year,” Bill Fay, group vice president and general manager of the Toyota Division, told reporters in a call Tuesday. Toyota sold almost Two.Five million vehicles last year, up Five.Three percent.
There was little market share shift in 2015. GM led with 17.6 percent (down 0.Two percent), followed by Ford (14.9 percent), Toyota (14.Three percent) and Fiat Chrysler (12.8 percent) keeping their top catches sight of from 2014. No automaker gained or lost more than 0.Two percentage points of market share from two thousand fourteen to 2015.
Sales last month set a December record at 1.64 million, up nine percent year-over-year, as buyers took advantage of five selling weekends and two extra sales days vs. December 2014. Some analysts expected December to top 1.7 million and come close to the industry monthly record of more than 1.8
million set in July 2005.
Trucks, SUVs proceed surge
2015 marked the fifth time in six years that light-duty trucks, including some SUVs and crossovers, outsold cars. Trucks accounted for 55.7 percent, or 9.7 million, of vehicles sold last year, up more than 1.1 million from 2014. That’s the segment’s highest percentage since 2004, according to Autodata Corp. The shift in consumer preferences amid low gas prices hurt car sales; their numbers declined by more than 177,000 from the year before.
“Low interest rates and low gas prices provided Christmas presents to most carmakers, as the two thousand fifteen sales year ended with a bang,” said Jack R. Nerad, Kelley Blue Book executive editorial director and executive market analyst.
KBB reports that even tho’ pickups from Detroit automakers were the three best-selling vehicles in 2015, petite SUVs now lead the overall industry in market share.
National Automobile Dealers Association chief economist Steven Szakaly expects automakers to increase buyer incentives on cars this year by at least ten percent, as request for pickups, crossovers and SUVs resumes to rise. He expects sales of trucks to increase to fifty seven percent of the industry this year.
Many industry analysts expect two thousand sixteen new-vehicle sales to top 2015, which would make for a second-consecutive year of record sales and a seventh-consecutive year of annual increases.
Expectations from industry analysts range inbetween 17.Five million and eighteen million or more, as favorable factors such as low fuel prices, a rebounding labor market and consumer confidence proceed.
“In terms of the macroeconomic environment, we expect that many of the favorable factors that supported a record two thousand fifteen industry spectacle will remain in place this year,” said Ford chief economist Emily Kolinski Morris, who declined to release Ford’s two thousand sixteen sales outlook Tuesday.
GM, which also did not release its two thousand sixteen forecast, said it is expecting a second-consecutive year of record industry sales in 2016.
“The single most significant chunks are the ongoing gains in employment and the growth in private income,” Mustafa Mohatarem, GM’s chief economist, said in a statement. “When you add in lower energy prices, it’s effortless to see why consumer spending is strong.”
Szakaly, whose Virginia-based NADA represents about 16,000 new-car and truck dealerships, expects sales to rise to 17.7 million or higher in two thousand sixteen before leveling off.
“Long-term sustainably of this market at or above eighteen million is questionable,” he said. “It’s still going to be a excellent year in 2016, but there’s always this worry inbetween profitability and sales at the (automaker) level.”
Pursuing sales and market share over profits is one reason why GM and the former Chrysler went bankrupt amid the recession in 2009. They were producing more vehicles than the market needed, and had to suggest big discounts and buying incentives to budge them.
Mark LaNeve, Ford vice president of U.S. marketing, sales and service, said it’s “hard to say” if more marketing and incentives will be needed in 2016. He expects automakers to remain competitive, but believes they have learned from past mistakes.
“(The) industry’s been pretty disciplined,” he said during a call Tuesday with news media and analysts. “I anticipate that it will proceed to be disciplined. I think everybody learned their lessons the earlier part of the last decade. We attempt to catch supply to request.”
Factors that could prevent two thousand sixteen from being another record year include global geopolitical issues, natural disasters and an influx of recently leased vehicles coming in the market, possibly stealing some new-car sales.
Auto industry sets all-time sales record in two thousand fifteen
Auto industry sets all-time sales record in 2015
The U.S. auto industry sold more cars and trucks in two thousand fifteen than ever before, with Detroit automakers reporting their best sales since the mid-2000s and several foreign manufacturers posting all-time records.
Led by sales of pickups, sport utility vehicles and crossovers, automakers sold 17.47 million vehicles last year — besting the previous record of 17.41 million set in two thousand and posting a Five.7 percent build up from 2014, according to Autodata Corp. The record was closer than many analysts expected, as December sales came in slightly less than many projected.
“Low gas prices certainly helped put money in people’s pockets, which goes along with the overall feeling good about the economy, and led to all the SUV and truck purchases this year,” said Jessica Caldwell, director of industry analysis for Edmunds.com. “It was truly the year of the SUV.”
Fiat Chrysler Automobiles NV and Ford Motor Co. reported their best annual U.S. sales since two thousand five and 2006, respectively, while General Motors Co. had its best year since 2007. Other automakers — Honda Motor Co., Nissan Motor Co., Hyundai Motor Co., Kia Motors Corp., BMW Group and Subaru — recorded all-time records. Industry observers expect the two thousand fifteen record to be eclipsed this year.
GM was the U.S. industry’s sales leader last year, selling almost Three.1 million vehicles, up five percent. Ford sold Two.6 million, up Five.Three percent. Fiat Chrysler sold more than Two.Two million, up 7.Trio percent from 2014.
Topping the sales charts in two thousand fifteen was Ford’s F-Series with 780,354 sold. That made it America’s best-selling pickup for thirty nine consecutive years and the best-selling vehicle for thirty four straight years. The Ford brand remained the best-selling brand in the United States for a sixth-straight year, with more than Two.Five million cars and trucks sold.
Toyota Motor Corp.’s midsize Camry sedan was the best-selling car for a 14th consecutive year, with sales at 429,355, level with 2014.
“2015 was a standout year,” Bill Fay, group vice president and general manager of the Toyota Division, told reporters in a call Tuesday. Toyota sold almost Two.Five million vehicles last year, up Five.Trio percent.
There was little market share shift in 2015. GM led with 17.6 percent (down 0.Two percent), followed by Ford (14.9 percent), Toyota (14.Three percent) and Fiat Chrysler (12.8 percent) keeping their top catches sight of from 2014. No automaker gained or lost more than 0.Two percentage points of market share from two thousand fourteen to 2015.
Sales last month set a December record at 1.64 million, up nine percent year-over-year, as buyers took advantage of five selling weekends and two extra sales days vs. December 2014. Some analysts expected December to top 1.7 million and come close to the industry monthly record of more than 1.8
million set in July 2005.
Trucks, SUVs proceed surge
2015 marked the fifth time in six years that light-duty trucks, including some SUVs and crossovers, outsold cars. Trucks accounted for 55.7 percent, or 9.7 million, of vehicles sold last year, up more than 1.1 million from 2014. That’s the segment’s highest percentage since 2004, according to Autodata Corp. The shift in consumer preferences amid low gas prices hurt car sales; their numbers declined by more than 177,000 from the year before.
“Low interest rates and low gas prices provided Christmas presents to most carmakers, as the two thousand fifteen sales year ended with a bang,” said Jack R. Nerad, Kelley Blue Book executive editorial director and executive market analyst.
KBB reports that even tho’ pickups from Detroit automakers were the three best-selling vehicles in 2015, petite SUVs now lead the overall industry in market share.
National Automobile Dealers Association chief economist Steven Szakaly expects automakers to increase buyer incentives on cars this year by at least ten percent, as request for pickups, crossovers and SUVs proceeds to rise. He expects sales of trucks to increase to fifty seven percent of the industry this year.
Many industry analysts expect two thousand sixteen new-vehicle sales to top 2015, which would make for a second-consecutive year of record sales and a seventh-consecutive year of annual increases.
Expectations from industry analysts range inbetween 17.Five million and eighteen million or more, as favorable factors such as low fuel prices, a rebounding labor market and consumer confidence proceed.
“In terms of the macroeconomic environment, we expect that many of the favorable factors that supported a record two thousand fifteen industry spectacle will remain in place this year,” said Ford chief economist Emily Kolinski Morris, who declined to release Ford’s two thousand sixteen sales outlook Tuesday.
GM, which also did not release its two thousand sixteen forecast, said it is expecting a second-consecutive year of record industry sales in 2016.
“The single most significant lumps are the ongoing gains in employment and the growth in private income,” Mustafa Mohatarem, GM’s chief economist, said in a statement. “When you add in lower energy prices, it’s effortless to see why consumer spending is strong.”
Szakaly, whose Virginia-based NADA represents about 16,000 new-car and truck dealerships, expects sales to rise to 17.7 million or higher in two thousand sixteen before leveling off.
“Long-term sustainably of this market at or above eighteen million is questionable,” he said. “It’s still going to be a good year in 2016, but there’s always this worry inbetween profitability and sales at the (automaker) level.”
Pursuing sales and market share over profits is one reason why GM and the former Chrysler went bankrupt amid the recession in 2009. They were producing more vehicles than the market needed, and had to suggest big discounts and buying incentives to stir them.
Mark LaNeve, Ford vice president of U.S. marketing, sales and service, said it’s “hard to say” if more marketing and incentives will be needed in 2016. He expects automakers to remain competitive, but believes they have learned from past mistakes.
“(The) industry’s been pretty disciplined,” he said during a call Tuesday with news media and analysts. “I anticipate that it will proceed to be disciplined. I think everybody learned their lessons the earlier part of the last decade. We attempt to catch supply to request.”
Factors that could prevent two thousand sixteen from being another record year include global geopolitical issues, natural disasters and an influx of recently leased vehicles coming in the market, possibly stealing some new-car sales.
Auto industry sets all-time sales record in two thousand fifteen
Auto industry sets all-time sales record in 2015
The U.S. auto industry sold more cars and trucks in two thousand fifteen than ever before, with Detroit automakers reporting their best sales since the mid-2000s and several foreign manufacturers posting all-time records.
Led by sales of pickups, sport utility vehicles and crossovers, automakers sold 17.47 million vehicles last year — besting the previous record of 17.41 million set in two thousand and posting a Five.7 percent build up from 2014, according to Autodata Corp. The record was closer than many analysts expected, as December sales came in slightly less than many projected.
“Low gas prices certainly helped put money in people’s pockets, which goes along with the overall feeling good about the economy, and led to all the SUV and truck purchases this year,” said Jessica Caldwell, director of industry analysis for Edmunds.com. “It was indeed the year of the SUV.”
Fiat Chrysler Automobiles NV and Ford Motor Co. reported their best annual U.S. sales since two thousand five and 2006, respectively, while General Motors Co. had its best year since 2007. Other automakers — Honda Motor Co., Nissan Motor Co., Hyundai Motor Co., Kia Motors Corp., BMW Group and Subaru — recorded all-time records. Industry observers expect the two thousand fifteen record to be eclipsed this year.
GM was the U.S. industry’s sales leader last year, selling almost Three.1 million vehicles, up five percent. Ford sold Two.6 million, up Five.Trio percent. Fiat Chrysler sold more than Two.Two million, up 7.Trio percent from 2014.
Topping the sales charts in two thousand fifteen was Ford’s F-Series with 780,354 sold. That made it America’s best-selling pickup for thirty nine consecutive years and the best-selling vehicle for thirty four straight years. The Ford brand remained the best-selling brand in the United States for a sixth-straight year, with more than Two.Five million cars and trucks sold.
Toyota Motor Corp.’s midsize Camry sedan was the best-selling car for a 14th consecutive year, with sales at 429,355, level with 2014.
“2015 was a standout year,” Bill Fay, group vice president and general manager of the Toyota Division, told reporters in a call Tuesday. Toyota sold almost Two.Five million vehicles last year, up Five.Trio percent.
There was little market share shift in 2015. GM led with 17.6 percent (down 0.Two percent), followed by Ford (14.9 percent), Toyota (14.Three percent) and Fiat Chrysler (12.8 percent) keeping their top catches sight of from 2014. No automaker gained or lost more than 0.Two percentage points of market share from two thousand fourteen to 2015.
Sales last month set a December record at 1.64 million, up nine percent year-over-year, as buyers took advantage of five selling weekends and two extra sales days vs. December 2014. Some analysts expected December to top 1.7 million and come close to the industry monthly record of more than 1.8
million set in July 2005.
Trucks, SUVs proceed surge
2015 marked the fifth time in six years that light-duty trucks, including some SUVs and crossovers, outsold cars. Trucks accounted for 55.7 percent, or 9.7 million, of vehicles sold last year, up more than 1.1 million from 2014. That’s the segment’s highest percentage since 2004, according to Autodata Corp. The shift in consumer preferences amid low gas prices hurt car sales; their numbers declined by more than 177,000 from the year before.
“Low interest rates and low gas prices provided Christmas presents to most carmakers, as the two thousand fifteen sales year ended with a bang,” said Jack R. Nerad, Kelley Blue Book executive editorial director and executive market analyst.
KBB reports that even however pickups from Detroit automakers were the three best-selling vehicles in 2015, puny SUVs now lead the overall industry in market share.
National Automobile Dealers Association chief economist Steven Szakaly expects automakers to increase buyer incentives on cars this year by at least ten percent, as request for pickups, crossovers and SUVs proceeds to rise. He expects sales of trucks to increase to fifty seven percent of the industry this year.
Many industry analysts expect two thousand sixteen new-vehicle sales to top 2015, which would make for a second-consecutive year of record sales and a seventh-consecutive year of annual increases.
Expectations from industry analysts range inbetween 17.Five million and eighteen million or more, as favorable factors such as low fuel prices, a rebounding labor market and consumer confidence proceed.
“In terms of the macroeconomic environment, we expect that many of the favorable factors that supported a record two thousand fifteen industry spectacle will remain in place this year,” said Ford chief economist Emily Kolinski Morris, who declined to release Ford’s two thousand sixteen sales outlook Tuesday.
GM, which also did not release its two thousand sixteen forecast, said it is expecting a second-consecutive year of record industry sales in 2016.
“The single most significant lumps are the ongoing gains in employment and the growth in individual income,” Mustafa Mohatarem, GM’s chief economist, said in a statement. “When you add in lower energy prices, it’s effortless to see why consumer spending is strong.”
Szakaly, whose Virginia-based NADA represents about 16,000 new-car and truck dealerships, expects sales to rise to 17.7 million or higher in two thousand sixteen before leveling off.
“Long-term sustainably of this market at or above eighteen million is questionable,” he said. “It’s still going to be a excellent year in 2016, but there’s always this worry inbetween profitability and sales at the (automaker) level.”
Pursuing sales and market share over profits is one reason why GM and the former Chrysler went bankrupt amid the recession in 2009. They were producing more vehicles than the market needed, and had to suggest big discounts and buying incentives to budge them.
Mark LaNeve, Ford vice president of U.S. marketing, sales and service, said it’s “hard to say” if more marketing and incentives will be needed in 2016. He expects automakers to remain competitive, but believes they have learned from past mistakes.
“(The) industry’s been pretty disciplined,” he said during a call Tuesday with news media and analysts. “I anticipate that it will proceed to be disciplined. I think everybody learned their lessons the earlier part of the last decade. We attempt to catch supply to request.”
Factors that could prevent two thousand sixteen from being another record year include global geopolitical issues, natural disasters and an influx of recently leased vehicles injecting the market, possibly stealing some new-car sales.
Auto industry sets all-time sales record in two thousand fifteen
Auto industry sets all-time sales record in 2015
The U.S. auto industry sold more cars and trucks in two thousand fifteen than ever before, with Detroit automakers reporting their best sales since the mid-2000s and several foreign manufacturers posting all-time records.
Led by sales of pickups, sport utility vehicles and crossovers, automakers sold 17.47 million vehicles last year — besting the previous record of 17.41 million set in two thousand and posting a Five.7 percent build up from 2014, according to Autodata Corp. The record was closer than many analysts expected, as December sales came in slightly less than many projected.
“Low gas prices certainly helped put money in people’s pockets, which goes along with the overall feeling good about the economy, and led to all the SUV and truck purchases this year,” said Jessica Caldwell, director of industry analysis for Edmunds.com. “It was indeed the year of the SUV.”
Fiat Chrysler Automobiles NV and Ford Motor Co. reported their best annual U.S. sales since two thousand five and 2006, respectively, while General Motors Co. had its best year since 2007. Other automakers — Honda Motor Co., Nissan Motor Co., Hyundai Motor Co., Kia Motors Corp., BMW Group and Subaru — recorded all-time records. Industry observers expect the two thousand fifteen record to be eclipsed this year.
GM was the U.S. industry’s sales leader last year, selling almost Three.1 million vehicles, up five percent. Ford sold Two.6 million, up Five.Three percent. Fiat Chrysler sold more than Two.Two million, up 7.Three percent from 2014.
Topping the sales charts in two thousand fifteen was Ford’s F-Series with 780,354 sold. That made it America’s best-selling pickup for thirty nine consecutive years and the best-selling vehicle for thirty four straight years. The Ford brand remained the best-selling brand in the United States for a sixth-straight year, with more than Two.Five million cars and trucks sold.
Toyota Motor Corp.’s midsize Camry sedan was the best-selling car for a 14th consecutive year, with sales at 429,355, level with 2014.
“2015 was a standout year,” Bill Fay, group vice president and general manager of the Toyota Division, told reporters in a call Tuesday. Toyota sold almost Two.Five million vehicles last year, up Five.Three percent.
There was little market share shift in 2015. GM led with 17.6 percent (down 0.Two percent), followed by Ford (14.9 percent), Toyota (14.Trio percent) and Fiat Chrysler (12.8 percent) keeping their top catches sight of from 2014. No automaker gained or lost more than 0.Two percentage points of market share from two thousand fourteen to 2015.
Sales last month set a December record at 1.64 million, up nine percent year-over-year, as buyers took advantage of five selling weekends and two extra sales days vs. December 2014. Some analysts expected December to top 1.7 million and come close to the industry monthly record of more than 1.8
million set in July 2005.
Trucks, SUVs proceed surge
2015 marked the fifth time in six years that light-duty trucks, including some SUVs and crossovers, outsold cars. Trucks accounted for 55.7 percent, or 9.7 million, of vehicles sold last year, up more than 1.1 million from 2014. That’s the segment’s highest percentage since 2004, according to Autodata Corp. The shift in consumer preferences amid low gas prices hurt car sales; their numbers declined by more than 177,000 from the year before.
“Low interest rates and low gas prices provided Christmas presents to most carmakers, as the two thousand fifteen sales year ended with a bang,” said Jack R. Nerad, Kelley Blue Book executive editorial director and executive market analyst.
KBB reports that even tho’ pickups from Detroit automakers were the three best-selling vehicles in 2015, puny SUVs now lead the overall industry in market share.
National Automobile Dealers Association chief economist Steven Szakaly expects automakers to increase buyer incentives on cars this year by at least ten percent, as request for pickups, crossovers and SUVs proceeds to rise. He expects sales of trucks to increase to fifty seven percent of the industry this year.
Many industry analysts expect two thousand sixteen new-vehicle sales to top 2015, which would make for a second-consecutive year of record sales and a seventh-consecutive year of annual increases.
Expectations from industry analysts range inbetween 17.Five million and eighteen million or more, as favorable factors such as low fuel prices, a rebounding labor market and consumer confidence proceed.
“In terms of the macroeconomic environment, we expect that many of the favorable factors that supported a record two thousand fifteen industry spectacle will remain in place this year,” said Ford chief economist Emily Kolinski Morris, who declined to release Ford’s two thousand sixteen sales outlook Tuesday.
GM, which also did not release its two thousand sixteen forecast, said it is expecting a second-consecutive year of record industry sales in 2016.
“The single most significant lumps are the ongoing gains in employment and the growth in individual income,” Mustafa Mohatarem, GM’s chief economist, said in a statement. “When you add in lower energy prices, it’s effortless to see why consumer spending is strong.”
Szakaly, whose Virginia-based NADA represents about 16,000 new-car and truck dealerships, expects sales to rise to 17.7 million or higher in two thousand sixteen before leveling off.
“Long-term sustainably of this market at or above eighteen million is questionable,” he said. “It’s still going to be a excellent year in 2016, but there’s always this worry inbetween profitability and sales at the (automaker) level.”
Pursuing sales and market share over profits is one reason why GM and the former Chrysler went bankrupt amid the recession in 2009. They were producing more vehicles than the market needed, and had to suggest big discounts and buying incentives to stir them.
Mark LaNeve, Ford vice president of U.S. marketing, sales and service, said it’s “hard to say” if more marketing and incentives will be needed in 2016. He expects automakers to remain competitive, but believes they have learned from past mistakes.
“(The) industry’s been pretty disciplined,” he said during a call Tuesday with news media and analysts. “I anticipate that it will proceed to be disciplined. I think everybody learned their lessons the earlier part of the last decade. We attempt to catch supply to request.”
Factors that could prevent two thousand sixteen from being another record year include global geopolitical issues, natural disasters and an influx of recently leased vehicles injecting the market, possibly stealing some new-car sales.
Auto industry sets all-time sales record in two thousand fifteen
Auto industry sets all-time sales record in 2015
The U.S. auto industry sold more cars and trucks in two thousand fifteen than ever before, with Detroit automakers reporting their best sales since the mid-2000s and several foreign manufacturers posting all-time records.
Led by sales of pickups, sport utility vehicles and crossovers, automakers sold 17.47 million vehicles last year — besting the previous record of 17.41 million set in two thousand and posting a Five.7 percent build up from 2014, according to Autodata Corp. The record was closer than many analysts expected, as December sales came in slightly less than many projected.
“Low gas prices certainly helped put money in people’s pockets, which goes along with the overall feeling good about the economy, and led to all the SUV and truck purchases this year,” said Jessica Caldwell, director of industry analysis for Edmunds.com. “It was truly the year of the SUV.”
Fiat Chrysler Automobiles NV and Ford Motor Co. reported their best annual U.S. sales since two thousand five and 2006, respectively, while General Motors Co. had its best year since 2007. Other automakers — Honda Motor Co., Nissan Motor Co., Hyundai Motor Co., Kia Motors Corp., BMW Group and Subaru — recorded all-time records. Industry observers expect the two thousand fifteen record to be eclipsed this year.
GM was the U.S. industry’s sales leader last year, selling almost Trio.1 million vehicles, up five percent. Ford sold Two.6 million, up Five.Three percent. Fiat Chrysler sold more than Two.Two million, up 7.Trio percent from 2014.
Topping the sales charts in two thousand fifteen was Ford’s F-Series with 780,354 sold. That made it America’s best-selling pickup for thirty nine consecutive years and the best-selling vehicle for thirty four straight years. The Ford brand remained the best-selling brand in the United States for a sixth-straight year, with more than Two.Five million cars and trucks sold.
Toyota Motor Corp.’s midsize Camry sedan was the best-selling car for a 14th consecutive year, with sales at 429,355, level with 2014.
“2015 was a standout year,” Bill Fay, group vice president and general manager of the Toyota Division, told reporters in a call Tuesday. Toyota sold almost Two.Five million vehicles last year, up Five.Three percent.
There was little market share shift in 2015. GM led with 17.6 percent (down 0.Two percent), followed by Ford (14.9 percent), Toyota (14.Three percent) and Fiat Chrysler (12.8 percent) keeping their top catches sight of from 2014. No automaker gained or lost more than 0.Two percentage points of market share from two thousand fourteen to 2015.
Sales last month set a December record at 1.64 million, up nine percent year-over-year, as buyers took advantage of five selling weekends and two extra sales days vs. December 2014. Some analysts expected December to top 1.7 million and come close to the industry monthly record of more than 1.8
million set in July 2005.
Trucks, SUVs proceed surge
2015 marked the fifth time in six years that light-duty trucks, including some SUVs and crossovers, outsold cars. Trucks accounted for 55.7 percent, or 9.7 million, of vehicles sold last year, up more than 1.1 million from 2014. That’s the segment’s highest percentage since 2004, according to Autodata Corp. The shift in consumer preferences amid low gas prices hurt car sales; their numbers declined by more than 177,000 from the year before.
“Low interest rates and low gas prices provided Christmas presents to most carmakers, as the two thousand fifteen sales year ended with a bang,” said Jack R. Nerad, Kelley Blue Book executive editorial director and executive market analyst.
KBB reports that even however pickups from Detroit automakers were the three best-selling vehicles in 2015, puny SUVs now lead the overall industry in market share.
National Automobile Dealers Association chief economist Steven Szakaly expects automakers to increase buyer incentives on cars this year by at least ten percent, as request for pickups, crossovers and SUVs proceeds to rise. He expects sales of trucks to increase to fifty seven percent of the industry this year.
Many industry analysts expect two thousand sixteen new-vehicle sales to top 2015, which would make for a second-consecutive year of record sales and a seventh-consecutive year of annual increases.
Expectations from industry analysts range inbetween 17.Five million and eighteen million or more, as favorable factors such as low fuel prices, a rebounding labor market and consumer confidence proceed.
“In terms of the macroeconomic environment, we expect that many of the favorable factors that supported a record two thousand fifteen industry spectacle will remain in place this year,” said Ford chief economist Emily Kolinski Morris, who declined to release Ford’s two thousand sixteen sales outlook Tuesday.
GM, which also did not release its two thousand sixteen forecast, said it is expecting a second-consecutive year of record industry sales in 2016.
“The single most significant lumps are the ongoing gains in employment and the growth in individual income,” Mustafa Mohatarem, GM’s chief economist, said in a statement. “When you add in lower energy prices, it’s effortless to see why consumer spending is strong.”
Szakaly, whose Virginia-based NADA represents about 16,000 new-car and truck dealerships, expects sales to rise to 17.7 million or higher in two thousand sixteen before leveling off.
“Long-term sustainably of this market at or above eighteen million is questionable,” he said. “It’s still going to be a good year in 2016, but there’s always this worry inbetween profitability and sales at the (automaker) level.”
Pursuing sales and market share over profits is one reason why GM and the former Chrysler went bankrupt amid the recession in 2009. They were producing more vehicles than the market needed, and had to suggest big discounts and buying incentives to stir them.
Mark LaNeve, Ford vice president of U.S. marketing, sales and service, said it’s “hard to say” if more marketing and incentives will be needed in 2016. He expects automakers to remain competitive, but believes they have learned from past mistakes.
“(The) industry’s been pretty disciplined,” he said during a call Tuesday with news media and analysts. “I anticipate that it will proceed to be disciplined. I think everybody learned their lessons the earlier part of the last decade. We attempt to catch supply to request.”
Factors that could prevent two thousand sixteen from being another record year include global geopolitical issues, natural disasters and an influx of recently leased vehicles injecting the market, possibly stealing some new-car sales.
Auto industry sets all-time sales record in two thousand fifteen
Auto industry sets all-time sales record in 2015
The U.S. auto industry sold more cars and trucks in two thousand fifteen than ever before, with Detroit automakers reporting their best sales since the mid-2000s and several foreign manufacturers posting all-time records.
Led by sales of pickups, sport utility vehicles and crossovers, automakers sold 17.47 million vehicles last year — besting the previous record of 17.41 million set in two thousand and posting a Five.7 percent build up from 2014, according to Autodata Corp. The record was closer than many analysts expected, as December sales came in slightly less than many projected.
“Low gas prices certainly helped put money in people’s pockets, which goes along with the overall feeling good about the economy, and led to all the SUV and truck purchases this year,” said Jessica Caldwell, director of industry analysis for Edmunds.com. “It was indeed the year of the SUV.”
Fiat Chrysler Automobiles NV and Ford Motor Co. reported their best annual U.S. sales since two thousand five and 2006, respectively, while General Motors Co. had its best year since 2007. Other automakers — Honda Motor Co., Nissan Motor Co., Hyundai Motor Co., Kia Motors Corp., BMW Group and Subaru — recorded all-time records. Industry observers expect the two thousand fifteen record to be eclipsed this year.
GM was the U.S. industry’s sales leader last year, selling almost Trio.1 million vehicles, up five percent. Ford sold Two.6 million, up Five.Three percent. Fiat Chrysler sold more than Two.Two million, up 7.Trio percent from 2014.
Topping the sales charts in two thousand fifteen was Ford’s F-Series with 780,354 sold. That made it America’s best-selling pickup for thirty nine consecutive years and the best-selling vehicle for thirty four straight years. The Ford brand remained the best-selling brand in the United States for a sixth-straight year, with more than Two.Five million cars and trucks sold.
Toyota Motor Corp.’s midsize Camry sedan was the best-selling car for a 14th consecutive year, with sales at 429,355, level with 2014.
“2015 was a standout year,” Bill Fay, group vice president and general manager of the Toyota Division, told reporters in a call Tuesday. Toyota sold almost Two.Five million vehicles last year, up Five.Three percent.
There was little market share shift in 2015. GM led with 17.6 percent (down 0.Two percent), followed by Ford (14.9 percent), Toyota (14.Three percent) and Fiat Chrysler (12.8 percent) keeping their top catches sight of from 2014. No automaker gained or lost more than 0.Two percentage points of market share from two thousand fourteen to 2015.
Sales last month set a December record at 1.64 million, up nine percent year-over-year, as buyers took advantage of five selling weekends and two extra sales days vs. December 2014. Some analysts expected December to top 1.7 million and come close to the industry monthly record of more than 1.8
million set in July 2005.
Trucks, SUVs proceed surge
2015 marked the fifth time in six years that light-duty trucks, including some SUVs and crossovers, outsold cars. Trucks accounted for 55.7 percent, or 9.7 million, of vehicles sold last year, up more than 1.1 million from 2014. That’s the segment’s highest percentage since 2004, according to Autodata Corp. The shift in consumer preferences amid low gas prices hurt car sales; their numbers declined by more than 177,000 from the year before.
“Low interest rates and low gas prices provided Christmas presents to most carmakers, as the two thousand fifteen sales year ended with a bang,” said Jack R. Nerad, Kelley Blue Book executive editorial director and executive market analyst.
KBB reports that even however pickups from Detroit automakers were the three best-selling vehicles in 2015, petite SUVs now lead the overall industry in market share.
National Automobile Dealers Association chief economist Steven Szakaly expects automakers to increase buyer incentives on cars this year by at least ten percent, as request for pickups, crossovers and SUVs proceeds to rise. He expects sales of trucks to increase to fifty seven percent of the industry this year.
Many industry analysts expect two thousand sixteen new-vehicle sales to top 2015, which would make for a second-consecutive year of record sales and a seventh-consecutive year of annual increases.
Expectations from industry analysts range inbetween 17.Five million and eighteen million or more, as favorable factors such as low fuel prices, a rebounding labor market and consumer confidence proceed.
“In terms of the macroeconomic environment, we expect that many of the favorable factors that supported a record two thousand fifteen industry spectacle will remain in place this year,” said Ford chief economist Emily Kolinski Morris, who declined to release Ford’s two thousand sixteen sales outlook Tuesday.
GM, which also did not release its two thousand sixteen forecast, said it is expecting a second-consecutive year of record industry sales in 2016.
“The single most significant chunks are the ongoing gains in employment and the growth in individual income,” Mustafa Mohatarem, GM’s chief economist, said in a statement. “When you add in lower energy prices, it’s effortless to see why consumer spending is strong.”
Szakaly, whose Virginia-based NADA represents about 16,000 new-car and truck dealerships, expects sales to rise to 17.7 million or higher in two thousand sixteen before leveling off.
“Long-term sustainably of this market at or above eighteen million is questionable,” he said. “It’s still going to be a superb year in 2016, but there’s always this worry inbetween profitability and sales at the (automaker) level.”
Pursuing sales and market share over profits is one reason why GM and the former Chrysler went bankrupt amid the recession in 2009. They were producing more vehicles than the market needed, and had to suggest big discounts and buying incentives to budge them.
Mark LaNeve, Ford vice president of U.S. marketing, sales and service, said it’s “hard to say” if more marketing and incentives will be needed in 2016. He expects automakers to remain competitive, but believes they have learned from past mistakes.
“(The) industry’s been pretty disciplined,” he said during a call Tuesday with news media and analysts. “I anticipate that it will proceed to be disciplined. I think everybody learned their lessons the earlier part of the last decade. We attempt to catch supply to request.”
Factors that could prevent two thousand sixteen from being another record year include global geopolitical issues, natural disasters and an influx of recently leased vehicles coming in the market, possibly stealing some new-car sales.
Auto industry sets all-time sales record in two thousand fifteen
Auto industry sets all-time sales record in 2015
The U.S. auto industry sold more cars and trucks in two thousand fifteen than ever before, with Detroit automakers reporting their best sales since the mid-2000s and several foreign manufacturers posting all-time records.
Led by sales of pickups, sport utility vehicles and crossovers, automakers sold 17.47 million vehicles last year — besting the previous record of 17.41 million set in two thousand and posting a Five.7 percent build up from 2014, according to Autodata Corp. The record was closer than many analysts expected, as December sales came in slightly less than many projected.
“Low gas prices certainly helped put money in people’s pockets, which goes along with the overall feeling good about the economy, and led to all the SUV and truck purchases this year,” said Jessica Caldwell, director of industry analysis for Edmunds.com. “It was truly the year of the SUV.”
Fiat Chrysler Automobiles NV and Ford Motor Co. reported their best annual U.S. sales since two thousand five and 2006, respectively, while General Motors Co. had its best year since 2007. Other automakers — Honda Motor Co., Nissan Motor Co., Hyundai Motor Co., Kia Motors Corp., BMW Group and Subaru — recorded all-time records. Industry observers expect the two thousand fifteen record to be eclipsed this year.
GM was the U.S. industry’s sales leader last year, selling almost Three.1 million vehicles, up five percent. Ford sold Two.6 million, up Five.Three percent. Fiat Chrysler sold more than Two.Two million, up 7.Three percent from 2014.
Topping the sales charts in two thousand fifteen was Ford’s F-Series with 780,354 sold. That made it America’s best-selling pickup for thirty nine consecutive years and the best-selling vehicle for thirty four straight years. The Ford brand remained the best-selling brand in the United States for a sixth-straight year, with more than Two.Five million cars and trucks sold.
Toyota Motor Corp.’s midsize Camry sedan was the best-selling car for a 14th consecutive year, with sales at 429,355, level with 2014.
“2015 was a standout year,” Bill Fay, group vice president and general manager of the Toyota Division, told reporters in a call Tuesday. Toyota sold almost Two.Five million vehicles last year, up Five.Trio percent.
There was little market share shift in 2015. GM led with 17.6 percent (down 0.Two percent), followed by Ford (14.9 percent), Toyota (14.Trio percent) and Fiat Chrysler (12.8 percent) keeping their top catches sight of from 2014. No automaker gained or lost more than 0.Two percentage points of market share from two thousand fourteen to 2015.
Sales last month set a December record at 1.64 million, up nine percent year-over-year, as buyers took advantage of five selling weekends and two extra sales days vs. December 2014. Some analysts expected December to top 1.7 million and come close to the industry monthly record of more than 1.8
million set in July 2005.
Trucks, SUVs proceed surge
2015 marked the fifth time in six years that light-duty trucks, including some SUVs and crossovers, outsold cars. Trucks accounted for 55.7 percent, or 9.7 million, of vehicles sold last year, up more than 1.1 million from 2014. That’s the segment’s highest percentage since 2004, according to Autodata Corp. The shift in consumer preferences amid low gas prices hurt car sales; their numbers declined by more than 177,000 from the year before.
“Low interest rates and low gas prices provided Christmas presents to most carmakers, as the two thousand fifteen sales year ended with a bang,” said Jack R. Nerad, Kelley Blue Book executive editorial director and executive market analyst.
KBB reports that even however pickups from Detroit automakers were the three best-selling vehicles in 2015, petite SUVs now lead the overall industry in market share.
National Automobile Dealers Association chief economist Steven Szakaly expects automakers to increase buyer incentives on cars this year by at least ten percent, as request for pickups, crossovers and SUVs resumes to rise. He expects sales of trucks to increase to fifty seven percent of the industry this year.
Many industry analysts expect two thousand sixteen new-vehicle sales to top 2015, which would make for a second-consecutive year of record sales and a seventh-consecutive year of annual increases.
Expectations from industry analysts range inbetween 17.Five million and eighteen million or more, as favorable factors such as low fuel prices, a rebounding labor market and consumer confidence proceed.
“In terms of the macroeconomic environment, we expect that many of the favorable factors that supported a record two thousand fifteen industry spectacle will remain in place this year,” said Ford chief economist Emily Kolinski Morris, who declined to release Ford’s two thousand sixteen sales outlook Tuesday.
GM, which also did not release its two thousand sixteen forecast, said it is expecting a second-consecutive year of record industry sales in 2016.
“The single most significant lumps are the ongoing gains in employment and the growth in private income,” Mustafa Mohatarem, GM’s chief economist, said in a statement. “When you add in lower energy prices, it’s effortless to see why consumer spending is strong.”
Szakaly, whose Virginia-based NADA represents about 16,000 new-car and truck dealerships, expects sales to rise to 17.7 million or higher in two thousand sixteen before leveling off.
“Long-term sustainably of this market at or above eighteen million is questionable,” he said. “It’s still going to be a superb year in 2016, but there’s always this worry inbetween profitability and sales at the (automaker) level.”
Pursuing sales and market share over profits is one reason why GM and the former Chrysler went bankrupt amid the recession in 2009. They were producing more vehicles than the market needed, and had to suggest big discounts and buying incentives to budge them.
Mark LaNeve, Ford vice president of U.S. marketing, sales and service, said it’s “hard to say” if more marketing and incentives will be needed in 2016. He expects automakers to remain competitive, but believes they have learned from past mistakes.
“(The) industry’s been pretty disciplined,” he said during a call Tuesday with news media and analysts. “I anticipate that it will proceed to be disciplined. I think everybody learned their lessons the earlier part of the last decade. We attempt to catch supply to request.”
Factors that could prevent two thousand sixteen from being another record year include global geopolitical issues, natural disasters and an influx of recently leased vehicles coming in the market, possibly stealing some new-car sales.