SYS-CON MEDIA Authors: Adine Deford, Cynthia Dunlop, Harry Trott, Xenia von Wedel, Peter Silva

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
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
"We help companies that are using a lot of Software as a Service. We help companies manage and gain visibility into what people are using inside the company and decide to secure them or use standards to lock down or to embrace the adoption of SaaS inside the company," explained Scott Kriz, Co-founder and CEO of Bitium, in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
15th Cloud Expo, which took place Nov. 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA, expanded the conference content of @ThingsExpo, Big Data Expo, and DevOps Summit to include two developer events. IBM held a Bluemix Developer Playground on November 5 and ElasticBox held a Hackathon on November 6. Both events took place on the expo floor. The Bluemix Developer Playground, for developers of all levels, highlighted the ease of use of Bluemix, its services and functionalit...
The 4th International DevOps Summit, co-located with16th International Cloud Expo – being held June 9-11, 2015, at the Javits Center in New York City, NY – announces that its Call for Papers is now open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's large...
Some developers believe that monitoring is a function of the operations team. Some operations teams firmly believe that monitoring the systems they maintain is sufficient to run the business successfully. Most of them are wrong. The complexity of today's applications have gone far and beyond the capabilities of "traditional" system-level monitoring tools and approaches and requires much broader knowledge of business and applications as a whole. The goal of DevOps is to connect all aspects of app...
SAP is delivering break-through innovation combined with fantastic user experience powered by the market-leading in-memory technology, SAP HANA. In his General Session at 15th Cloud Expo, Thorsten Leiduck, VP ISVs & Digital Commerce, SAP, discussed how SAP and partners provide cloud and hybrid cloud solutions as well as real-time Big Data offerings that help companies of all sizes and industries run better. SAP launched an application challenge to award the most innovative SAP HANA and SAP HANA...
When an enterprise builds a hybrid IaaS cloud connecting its data center to one or more public clouds, security is often a major topic along with the other challenges involved. Security is closely intertwined with the networking choices made for the hybrid cloud. Traditional networking approaches for building a hybrid cloud try to kludge together the enterprise infrastructure with the public cloud. Consequently this approach requires risky, deep "surgery" including changes to firewalls, subnets...
Want to enable self-service provisioning of application environments in minutes that mirror production? Can you automatically provide rich data with code-level detail back to the developers when issues occur in production? In his session at DevOps Summit, David Tesar, Microsoft Technical Evangelist on Microsoft Azure and DevOps, will discuss how to accomplish this and more utilizing technologies such as Microsoft Azure, Visual Studio online, and Application Insights in this demo-heavy session.
DevOps is all about agility. However, you don't want to be on a high-speed bus to nowhere. The right DevOps approach controls velocity with a tight feedback loop that not only consists of operational data but also incorporates business context. With a business context in the decision making, the right business priorities are incorporated, which results in a higher value creation. In his session at DevOps Summit, Todd Rader, Solutions Architect at AppDynamics, discussed key monitoring techniques...
Cultural, regulatory, environmental, political and economic (CREPE) conditions over the past decade are creating cross-industry solution spaces that require processes and technologies from both the Internet of Things (IoT), and Data Management and Analytics (DMA). These solution spaces are evolving into Sensor Analytics Ecosystems (SAE) that represent significant new opportunities for organizations of all types. Public Utilities throughout the world, providing electricity, natural gas and water,...
The security devil is always in the details of the attack: the ones you've endured, the ones you prepare yourself to fend off, and the ones that, you fear, will catch you completely unaware and defenseless. The Internet of Things (IoT) is nothing if not an endless proliferation of details. It's the vision of a world in which continuous Internet connectivity and addressability is embedded into a growing range of human artifacts, into the natural world, and even into our smartphones, appliances, a...
How do APIs and IoT relate? The answer is not as simple as merely adding an API on top of a dumb device, but rather about understanding the architectural patterns for implementing an IoT fabric. There are typically two or three trends: Exposing the device to a management framework Exposing that management framework to a business centric logic Exposing that business layer and data to end users. This last trend is the IoT stack, which involves a new shift in the separation of what stuff happe...
The Internet of Things is tied together with a thin strand that is known as time. Coincidentally, at the core of nearly all data analytics is a timestamp. When working with time series data there are a few core principles that everyone should consider, especially across datasets where time is the common boundary. In his session at Internet of @ThingsExpo, Jim Scott, Director of Enterprise Strategy & Architecture at MapR Technologies, discussed single-value, geo-spatial, and log time series dat...
An entirely new security model is needed for the Internet of Things, or is it? Can we save some old and tested controls for this new and different environment? In his session at @ThingsExpo, New York's at the Javits Center, Davi Ottenheimer, EMC Senior Director of Trust, reviewed hands-on lessons with IoT devices and reveal a new risk balance you might not expect. Davi Ottenheimer, EMC Senior Director of Trust, has more than nineteen years' experience managing global security operations and asse...
The Internet of Things will greatly expand the opportunities for data collection and new business models driven off of that data. In her session at @ThingsExpo, Esmeralda Swartz, CMO of MetraTech, discussed how for this to be effective you not only need to have infrastructure and operational models capable of utilizing this new phenomenon, but increasingly service providers will need to convince a skeptical public to participate. Get ready to show them the money!