Click here to close now.




















Welcome!

News Feed Item

New-Car Sales To Report Sixteenth Consecutive Month Above 15 Million SAAR According To Kelley Blue Book

Chrysler, Nissan Continue to Post Gains; Compact Crossovers Outpace Industry

IRVINE, Calif., Feb. 26, 2014 /PRNewswire/ -- New-vehicle sales are expected to hit a total of 1.19 million units, and an estimated 15.3 million seasonally adjusted annual rate (SAAR), according to Kelley Blue Book www.kbb.com, the leading provider of new and used car information.  While a 15.3 million SAAR is flat compared to February 2013, it marks the sixteenth month in a row above 15 million. 

(Logo: http://photos.prnewswire.com/prnh/20121108/LA08161LOGO)

"For the second consecutive month, winter storms and unusually cold weather in many parts of the country are expected to negatively impact sales," said Alec Gutierrez, senior analyst for Kelley Blue Book.  "However, it is likely these purchases have only been delayed and many lost sales will be recorded in March or April."  

Key Highlights for Estimated February 2014 Sales Forecast:

  • In February, new light-vehicle sales, including fleet, are expected to hit 1,190,000 units, down 0.2 percent from February 2013 and up 17.8 percent from January 2014.
  • The seasonally adjusted annual rate for February 2014 is estimated to be 15.3 million, up from 15.2 million in January 2014 and even compared to February 2013.
  • Retail sales are expected to account for 80 percent of volume in February 2014.

Chrysler, Nissan Expected to Continue New-Car Sales Strength

Once again, Chrysler is expected to post positive numbers due to strong sales among its Jeep and Ram products, which were up 38 and 24 percent, respectively, in January 2014.  The new Jeep Cherokee has sold more than 10,000 units in its first three full months on the market. 

Nissan also is expected to come out on top with the largest percentage gain of all major manufacturers.  The all-new Rogue (up 55 percent in January, while the segment only increased 13 percent) is a big driver of Nissan's strength, as is the top-selling Nissan Altima, which was up 5 percent in January, while the segment average was down 15 percent. 


Sales Volume 1

Market Share 2

Manufacturer

Feb-14

Feb-13

YOY %

Feb-14

Feb-13

YOY %

General Motors (Buick, Cadillac, Chevrolet, GMC)

215,000

224,314

-4.2%

18.1%

18.8%

-0.7%

Ford Motor Company (Ford, Lincoln)

180,000

195,310

-7.8%

15.1%

16.4%

-1.3%

Toyota Motor Company (Lexus, Scion, Toyota)

162,000

166,377

-2.6%

13.6%

14.0%

-0.3%

Chrysler Group (Chrysler, Dodge, Fiat, Jeep, RAM)

148,000

139,015

6.5%

12.4%

11.7%

0.8%

American Honda (Acura, Honda)

110,000

107,987

1.9%

9.2%

9.1%

0.2%

Nissan North America (Infiniti, Nissan)

108,000

99,636

8.4%

9.1%

8.4%

0.7%

Hyundai-Kia

94,000

93,816

0.2%

7.9%

7.9%

0.0%

Volkswagen Group (Audi, Volkswagen)

37,000

42,333

-12.6%

3.1%

3.6%

-0.4%

Total 3

1,190,000

1,192,299

-0.2%

-

-

-

1 Historical data from OEM sales announcements







2 Kelley Blue Book Automotive Insights







3 Includes brands not shown







 

Compact Crossovers Outpace Automotive Industry; Upcoming Redesigns to Spark Mid-Size Car Interest

Compact crossovers continue to outpace the rest of the industry, and February should bring the sixteenth month of consecutive double-digit growth in the segment.  Recently redesigned products such as the Toyota RAV4, Subaru Forester and Nissan Rogue are powering the segment's growth. 

"Following redesigns of most major automakers' mid-size cars in 2012 and 2013, consumer interest in the mid-size segment appears to be weakening recently," said Gutierrez.  "Upcoming redesigns such as the 2015 Hyundai Sonata and 2015 Chrysler 200 should help reverse this trend; however, rising inventory and stagnant transaction prices might push manufacturers to use incentives to jump-start sales."


Sales Volume 1

Market Share

Segment

Feb-14

Feb-13

YOY %

Feb-14

Feb-13

YOY %

Mid-Size Car

185,000

199,884

-7.4%

15.5%

16.8%

-1.2%

Compact Car

170,000

175,668

-3.2%

14.3%

14.7%

-0.4%

Compact Crossover

162,000

144,395

12.2%

13.6%

12.1%

1.5%

Full-Size Pickup Truck

140,000

144,948

-3.4%

11.8%

12.2%

-0.4%

Entry Luxury Car

49,000

46,992

4.3%

4.1%

3.9%

0.2%

Total 2

1,190,000

1,192,299

-0.2%

-

-

-

1 Kelley Blue Book Automotive Insights







2 Includes segments not shown







 

For more information and news from Kelley Blue Book's KBB.com, visit www.kbb.com/media/, follow us on Twitter at www.twitter.com/kelleybluebook (or @kelleybluebook), like our page on Facebook at www.facebook.com/kbb, and get updates on Google+ at https://plus.google.com/+kbb.

About Kelley Blue Book (www.kbb.com)
Founded in 1926, Kelley Blue Book, The Trusted Resource®, is the only vehicle valuation and information source trusted and relied upon by both consumers and the automotive industry.  Each week the company provides the most market-reflective values in the industry on its top-rated website KBB.com, including its famous Blue Book® Trade-In and Suggested Retail Values, and Fair Purchase Price, which reports what others are paying for new cars this week.  The company also provides vehicle pricing and values through various products and services available to car dealers, auto manufacturers, finance and insurance companies, and governmental agencies.  Kelley Blue Book Co., Inc. is a subsidiary of AutoTrader Group, which includes AutoTrader.com, vAuto, VinSolutions and HomeNet Automotive.  AutoTrader Group is a majority-owned subsidiary of Cox Enterprises.

SOURCE Kelley Blue Book

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
With the Apple Watch making its way onto wrists all over the world, it’s only a matter of time before it becomes a staple in the workplace. In fact, Forrester reported that 68 percent of technology and business decision-makers characterize wearables as a top priority for 2015. Recognizing their business value early on, FinancialForce.com was the first to bring ERP to wearables, helping streamline communication across front and back office functions. In his session at @ThingsExpo, Kevin Roberts...
IBM’s Blue Box Cloud, powered by OpenStack, is now available in any of IBM’s globally integrated cloud data centers running SoftLayer infrastructure. Less than 90 days after its acquisition of Blue Box, IBM has integrated its Blue Box Cloud Dedicated private-cloud-as-a-service into its broader portfolio of OpenStack® based solutions. The announcement, made today at the OpenStack Silicon Valley event, further highlights IBM’s continued support to deliver OpenStack solutions across all cloud depl...
Red Hat is investing in Tesora, the number one contributor to OpenStack Trove Database as a Service (DBaaS) also ranked among the top 20 companies contributing to OpenStack overall. Tesora, the company bringing OpenStack Trove Database as a Service (DBaaS) to the enterprise, has announced that Red Hat and others have invested in the company as a part of Tesora's latest funding round. The funding agreement expands on the ongoing collaboration between Tesora and Red Hat, which dates back to Febr...
With the proliferation of connected devices underpinning new Internet of Things systems, Brandon Schulz, Director of Luxoft IoT – Retail, will be looking at the transformation of the retail customer experience in brick and mortar stores in his session at @ThingsExpo. Questions he will address include: Will beacons drop to the wayside like QR codes, or be a proximity-based profit driver? How will the customer experience change in stores of all types when everything can be instrumented and a...
The Internet of Things (IoT) is about the digitization of physical assets including sensors, devices, machines, gateways, and the network. It creates possibilities for significant value creation and new revenue generating business models via data democratization and ubiquitous analytics across IoT networks. The explosion of data in all forms in IoT requires a more robust and broader lens in order to enable smarter timely actions and better outcomes. Business operations become the key driver of I...
While many app developers are comfortable building apps for the smartphone, there is a whole new world out there. In his session at @ThingsExpo, Narayan Sainaney, Co-founder and CTO of Mojio, will discuss how the business case for connected car apps is growing and, with open platform companies having already done the heavy lifting, there really is no barrier to entry.
The web app is agile. The REST API is agile. The testing and planning are agile. But alas, data infrastructures certainly are not. Once an application matures, changing the shape or indexing scheme of data often forces at best a top down planning exercise and at worst includes schema changes that force downtime. The time has come for a new approach that fundamentally advances the agility of distributed data infrastructures. Come learn about a new solution to the problems faced by software organ...
WSM International, the pioneer and leader in server migration services, has announced an agreement with WHOA.com, a leader in providing secure public, private and hybrid cloud computing services. Under terms of the agreement, WSM will provide migration services to WHOA.com customers to relocate some or all of their applications, digital assets, and other computing workloads to WHOA.com enterprise-class, secure cloud infrastructure. The migration services include detailed evaluation and planning...
SYS-CON Events announced today that DataClear Inc. will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. The DataClear ‘BlackBox’ is the only solution that moves your PC, browsing and data out of the United States and away from prying (and spying) eyes. Its solution automatically builds you a clean, on-demand, virus free, new virtual cloud based PC outside of the United States, and wipes it clean...
Amazon and Google have built software-defined data centers (SDDCs) that deliver massively scalable services with great efficiency. Yet, building SDDCs has proven to be a near impossibility for ‘normal’ companies without hyper-scale resources. In his session at 17th Cloud Expo, David Cauthron, founder and chief executive officer of Nimboxx, will discuss the evolution of virtualization (hardware, application, memory, storage) and how commodity / open source hyper converged infrastructure (HCI) so...
Culture is the most important ingredient of DevOps. The challenge for most organizations is defining and communicating a vision of beneficial DevOps culture for their organizations, and then facilitating the changes needed to achieve that. Often this comes down to an ability to provide true leadership. As a CIO, are your direct reports IT managers or are they IT leaders? The hard truth is that many IT managers have risen through the ranks based on their technical skills, not their leadership ab...
eCube Systems has released NXTmonitor, a full featured application orchestration solution. NXTmonitor, which inherited the code base of NXTminder, has been extended to support multi-discipline processes and will act as a DevOps utility in a heterogeneous enterprise environment. Previously, NXTminder was packaged with NXTera middleware to configure and manage Entera and NXTera RPC servers. “Since we are widening the focus of this solution to DevOps, we felt the need to change the name to NXTmon...
Contrary to mainstream media attention, the multiple possibilities of how consumer IoT will transform our everyday lives aren’t the only angle of this headline-gaining trend. There’s a huge opportunity for “industrial IoT” and “Smart Cities” to impact the world in the same capacity – especially during critical situations. For example, a community water dam that needs to release water can leverage embedded critical communications logic to alert the appropriate individuals, on the right device, as...
Everyone talks about continuous integration and continuous delivery but those are just two ends of the pipeline. In the middle of DevOps is continuous testing (CT), and many organizations are struggling to implement continuous testing effectively. After all, without continuous testing there is no delivery. And Lab-As-A-Service (LaaS) enhances the CT with dynamic on-demand self-serve test topologies. CT together with LAAS make a powerful combination that perfectly serves complex software developm...
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.