Welcome!

News Feed Item

New-Car Sales Expected To Climb 10 Percent, Reach 16.3 Million SAAR In April

Nissan to Report Greatest Automaker Gains; Full-Size Pickup Trucks Show Healthy Growth

IRVINE, Calif., April 28, 2014 /PRNewswire/ -- New-vehicle sales are expected to rise 10 percent year-over-year to a total of 1.415 million units, and an estimated 16.3 million seasonally adjusted annual rate (SAAR), according to Kelley Blue Book www.kbb.com, the only vehicle valuation and information source trusted and relied upon by both consumers and the automotive industry.  This increase would bring the year-to-date total to 5.15 million units sold, which is a 3.6 percent increase from this time last year. 

Kelley Blue Book Logo

"Following a big rebound in March, Kelley Blue Book expects April to continue with another solid month of sales, which will be supported by rising consumer confidence and improving employment conditions," said Alec Gutierrez, senior analyst for Kelley Blue Book.  "Sales also are supported by improved credit availability, low interest rates and attractive lease offers.  Leasing has accounted for approximately 25 percent of all retail sales so far this year, a trend which is supported by a continued strong outlook for used-car values along with low interest rates." 

Key Highlights for Estimated April 2014 Sales Forecast:

  • In March, new light-vehicle sales, including fleet, are expected to hit 1,415,000 units, up 10.1 percent from April 2013 and down 7.8 percent from March 2014.
  • The seasonally adjusted annual rate (SAAR) for April 2014 is estimated to be 16.3 million, up from 15.2 million in April 2013 and flat with March 2014.
  • Retail sales are expected to account for 82 percent of volume in April 2014.

Nissan to Report Greatest Automaker Gains; Chrysler Dominates in Volume

For April, Nissan is expected to show the greatest gains of all major manufacturers at 19.5 percent year-over-year.  Driven primarily by strong sales of the redesigned Rogue and Sentra, Nissan has captured nearly one percentage point of market share from last year.  In terms of volume, Kelley Blue Book anticipates Chrysler will pick up the most units year-over-year with 18.1 percent growth.  The popularity of the Jeep and RAM brands this year (up 44.5 percent and 27.3 percent respectively) has more than made up for the sale declines from both Dodge and Chrysler brands. 


Sales Volume 1

Market Share 2

Manufacturer

Apr-14

Apr-13

YOY %

Apr-14

Apr-13

YOY %

General Motors (Buick, Cadillac, Chevrolet, GMC)

250,000

237,646

5.2%

17.7%

18.5%

-0.8%

Ford Motor Company (Ford, Lincoln)

210,000

211,984

-0.9%

14.8%

16.5%

-1.7%

Toyota Motor Company (Lexus, Scion, Toyota)

203,000

176,160

15.2%

14.3%

13.7%

0.6%

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

185,000

156,698

18.1%

13.1%

12.2%

0.9%

American Honda (Acura, Honda)

139,000

130,999

6.1%

9.8%

10.2%

-0.4%

Nissan North America (Infiniti, Nissan)

105,000

87,847

19.5%

7.4%

6.8%

0.6%

Hyundai-Kia

115,000

110,871

3.7%

8.1%

8.6%

-0.5%

Volkswagen Group (Audi, Volkswagen, Porsche)

53,000

50,879

4.2%

3.7%

4.0%

-0.2%

Total 3

1,415,000

1,285,446

10.1%

-

-

-

1 Historical data from OEM sales announcements







2 Kelley Blue Book Automotive Insights







3 Includes brands not shown







Compact Utility Vehicles to Reveal Double-Digit Growth; RAM Leading Full-Size Pickup Truck Segment Growth

Compact utility vehicles will continue with double-digit growth this month, even though the segment leader, Ford Escape, has seen sales decline this year.  Many models in this segment have earned growth in excess of 40 percent so far this year, including the Nissan Rogue, Subaru Forester and Mazda CX-5. 

"Full-size pickup trucks also should reveal healthy growth in April," said Gutierrez.  "RAM pickup sales are leading the segment's growth, but look for GM's trucks to turn around recent sales declines after bumping up their incentives this month.  Meanwhile, the F-Series will continue to dominate the segment as Ford prepares to launch the new generation later this year."


Sales Volume 1

Market Share

Segment

Apr-14

Apr-13

YOY %

Apr-14

Apr-13

YOY %

Mid-Size Car

216,000

205,104

5.3%

15.3%

16.0%

-0.7%

Compact Car

204,000

197,154

3.5%

14.4%

15.3%

-0.9%

Compact SUV/Crossover

179,000

146,354

22.3%

12.7%

11.4%

1.3%

Full-Size Pickup Truck

172,000

155,482

10.6%

12.2%

12.1%

0.1%

Entry-level Luxury Car

63,000

61,981

1.6%

4.5%

4.8%

-0.4%

Total 2

1,415,000

1,285,446

10.1%

-

-

-

1 Kelley Blue Book Automotive Insights







2 Includes segments not shown







There are 26 sales days in April 2014, compared to 25 sales days in April 2013.  All percentages are based on raw volume, not daily selling rate.

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's KBB.com ranked highest in its category for brand equity by the 2014 Harris Poll EquiTrend® study and has been named Online Auto Shopping Brand of the Year for three consecutive years.  Kelley Blue Book Co., Inc. is a subsidiary of AutoTrader Group, which includes AutoTrader.com, vAuto, VinSolutions and HomeNet Automotive.  AutoTrader Group is a subsidiary of Cox Enterprises.

Logo - http://photos.prnewswire.com/prnh/20121108/LA08161LOGO

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
“We're a global managed hosting provider. Our core customer set is a U.S.-based customer that is looking to go global,” explained Adam Rogers, Managing Director at ANEXIA, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Basho Technologies has announced the latest release of Basho Riak TS, version 1.3. Riak TS is an enterprise-grade NoSQL database optimized for Internet of Things (IoT). The open source version enables developers to download the software for free and use it in production as well as make contributions to the code and develop applications around Riak TS. Enhancements to Riak TS make it quick, easy and cost-effective to spin up an instance to test new ideas and build IoT applications. In addition to...
Predictive analytics tools monitor, report, and troubleshoot in order to make proactive decisions about the health, performance, and utilization of storage. Most enterprises combine cloud and on-premise storage, resulting in blended environments of physical, virtual, cloud, and other platforms, which justifies more sophisticated storage analytics. In his session at 18th Cloud Expo, Peter McCallum, Vice President of Datacenter Solutions at FalconStor, discussed using predictive analytics to mon...
Organizations planning enterprise data center consolidation and modernization projects are faced with a challenging, costly reality. Requirements to deploy modern, cloud-native applications simultaneously with traditional client/server applications are almost impossible to achieve with hardware-centric enterprise infrastructure. Compute and network infrastructure are fast moving down a software-defined path, but storage has been a laggard. Until now.
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.
IoT is rapidly changing the way enterprises are using data to improve business decision-making. In order to derive business value, organizations must unlock insights from the data gathered and then act on these. In their session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, and Peter Shashkin, Head of Development Department at EastBanc Technologies, discussed how one organization leveraged IoT, cloud technology and data analysis to improve customer experiences and effi...
"We've discovered that after shows 80% if leads that people get, 80% of the conversations end up on the show floor, meaning people forget about it, people forget who they talk to, people forget that there are actual business opportunities to be had here so we try to help out and keep the conversations going," explained Jeff Mesnik, Founder and President of ContentMX, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...
"When you think about the data center today, there's constant evolution, The evolution of the data center and the needs of the consumer of technology change, and they change constantly," stated Matt Kalmenson, VP of Sales, Service and Cloud Providers at Veeam Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Let’s face it, embracing new storage technologies, capabilities and upgrading to new hardware often adds complexity and increases costs. In his session at 18th Cloud Expo, Seth Oxenhorn, Vice President of Business Development & Alliances at FalconStor, discussed how a truly heterogeneous software-defined storage approach can add value to legacy platforms and heterogeneous environments. The result reduces complexity, significantly lowers cost, and provides IT organizations with improved efficienc...
With 15% of enterprises adopting a hybrid IT strategy, you need to set a plan to integrate hybrid cloud throughout your infrastructure. In his session at 18th Cloud Expo, Steven Dreher, Director of Solutions Architecture at Green House Data, discussed how to plan for shifting resource requirements, overcome challenges, and implement hybrid IT alongside your existing data center assets. Highlights included anticipating workload, cost and resource calculations, integrating services on both sides...
In his session at @DevOpsSummit at 19th Cloud Expo, Yoseph Reuveni, Director of Software Engineering at Jet.com, will discuss Jet.com's journey into containerizing Microsoft-based technologies like C# and F# into Docker. He will talk about lessons learned and challenges faced, the Mono framework tryout and how they deployed everything into Azure cloud. Yoseph Reuveni is a technology leader with unique experience developing and running high throughput (over 1M tps) distributed systems with extre...
Manufacturers are embracing the Industrial Internet the same way consumers are leveraging Fitbits – to improve overall health and wellness. Both can provide consistent measurement, visibility, and suggest performance improvements customized to help reach goals. Fitbit users can view real-time data and make adjustments to increase their activity. In his session at @ThingsExpo, Mark Bernardo Professional Services Leader, Americas, at GE Digital, discussed how leveraging the Industrial Internet a...
Big Data engines are powering a lot of service businesses right now. Data is collected from users from wearable technologies, web behaviors, purchase behavior as well as several arbitrary data points we’d never think of. The demand for faster and bigger engines to crunch and serve up the data to services is growing exponentially. You see a LOT of correlation between “Cloud” and “Big Data” but on Big Data and “Hybrid,” where hybrid hosting is the sanest approach to the Big Data Infrastructure pro...
In his session at 18th Cloud Expo, Sagi Brody, Chief Technology Officer at Webair Internet Development Inc., and Logan Best, Infrastructure & Network Engineer at Webair, focused on real world deployments of DDoS mitigation strategies in every layer of the network. He gave an overview of methods to prevent these attacks and best practices on how to provide protection in complex cloud platforms. He also outlined what we have found in our experience managing and running thousands of Linux and Unix ...