silvrsvt Posted January 16, 2018 Share Posted January 16, 2018 More reasons why the sedan market is hurting... http://autoweek.com/article/car-news/cheap-sedan-leases-start-coming-in?utm_source=DailyDrive20180116&utm_medium=enewsletter&utm_term=headline-center&utm_content=body&utm_campaign=awdailydrive Quote Link to comment Share on other sites More sharing options...
jcartwright99 Posted January 16, 2018 Share Posted January 16, 2018 Two of the crappiest cars made, the Altima and 200 are littered everywhere because they blew them out. I read an article that Santander, was a leader in sub prime auto loans. Santander is used by FCA and I think Nissan. Makes you wonder. Quote Link to comment Share on other sites More sharing options...
rperez817 Posted January 16, 2018 Share Posted January 16, 2018 I read an article that Santander, was a leader in sub prime auto loans. Santander is used by FCA and I think Nissan. Yes sir, Santander Consumer USA Holdings Inc. has grown fast in the U.S. auto loan market. Both subprime loans and overall. They have a large presence in the Dallas-Fort Worth Metroplex. The HQ is in Downtown Dallas, with additional offices near Love Field, Lewisville and North Richland Hills. They have three divisions for auto lending. First is Santander Consumer, which is used by 14,000 new and used car dealerships covering all car and light truck brands. Second is direct to consumer through Roadloans.com. Third is the FCA US captive finance company, Chrysler Capital. Quote Link to comment Share on other sites More sharing options...
jcartwright99 Posted January 16, 2018 Share Posted January 16, 2018 Yes sir, Santander Consumer USA Holdings Inc. has grown fast in the U.S. auto loan market. Both subprime loans and overall. They have a large presence in the Dallas-Fort Worth Metroplex. The HQ is in Downtown Dallas, with additional offices near Love Field, Lewisville and North Richland Hills. They have three divisions for auto lending. First is Santander Consumer, which is used by 14,000 new and used car dealerships covering all car and light truck brands. Second is direct to consumer through Roadloans.com. Third is the FCA US captive finance company, Chrysler Capital. Good to know. Hadn't researched them so I had no idea. Do you know if Nissan uses them? I could be getting mixed up not sure. It's funny Mitsubishi, Kia, and FCA were huge in the sub prime market pushing their sub prime cars. If you are desperate for a new car and have a terrible credit score, you may just not care on how good the car is you are purchasing. The main thing is someone is going to approve you to get a new car. Quote Link to comment Share on other sites More sharing options...
akirby Posted January 16, 2018 Share Posted January 16, 2018 No doubt about it - FCA and Nissan were fleet dumping cars for several years. Quote Link to comment Share on other sites More sharing options...
jcartwright99 Posted January 16, 2018 Share Posted January 16, 2018 No doubt about it - FCA and Nissan were fleet dumping cars for several years. I rented an Altima about a year ago at an airport (all they had other than Corrolas and Elantra's). It was about the worst car I've driven. Ergonomics were horrible, everything was black plastic. Transmission felt horrible. Handled and braked really bad. The only good thing I can say is that it got great highway fuel economy. I just don't know why people would buy those cars other than price and or can't get anything else. Quote Link to comment Share on other sites More sharing options...
rperez817 Posted January 16, 2018 Share Posted January 16, 2018 (edited) Good to know. Hadn't researched them so I had no idea. Do you know if Nissan uses them? I could be getting mixed up not sure. Thank you sir. Many Nissan dealerships have Santander Consumer USA as a third party financing offering for customers, but Nissan's own captive finance company NMAC is completely separate. It is quite possible that a loan application for a Nissan car or truck customer that's denied by NMAC may get approved by a third party lender like Santander or Capital One. Interestingly, NMAC is also based in the Dallas-Fort Worth Metroplex. They have a huge office campus in Irving near DFW Airport. Edited January 16, 2018 by rperez817 Quote Link to comment Share on other sites More sharing options...
rperez817 Posted January 16, 2018 Share Posted January 16, 2018 No doubt about it - FCA and Nissan were fleet dumping cars for several years. Yes sir. FCA eventually changed their strategy stopped fleet dumping, cutting back sales to fleet significantly in 2016. Then they dumped their smaller cars like Dart and 200 completely. As for Nissan, I don't know what their fleet sales percentage was for the past couple years. Nissan USA doesn't disclose that info in its sales reports. Prior to that, historically the percentage has been between 14% and 19%. Nissans seem to be popular in rental car and corporate fleets, and some governments bought numerous Nissan Leafs to fulfill their ZEV fleet goals. So it's possible Nissan is still doing fleet dumping. Among automakers that publicly release their fleet/retail mix numbers, I'm pretty sure Ford was the only one that had more than 25% of total car and light truck sales dumped into fleet. Quote Link to comment Share on other sites More sharing options...
tbone Posted January 16, 2018 Share Posted January 16, 2018 Yes sir. FCA eventually changed their strategy stopped fleet dumping, cutting back sales to fleet significantly in 2016. Then they dumped their smaller cars like Dart and 200 completely. As for Nissan, I don't know what their fleet sales percentage was for the past couple years. Nissan USA doesn't disclose that info in its sales reports. Prior to that, historically the percentage has been between 14% and 19%. Nissans seem to be popular in rental car and corporate fleets, and some governments bought numerous Nissan Leafs to fulfill their ZEV fleet goals. So it's possible Nissan is still doing fleet dumping. Among automakers that publicly release their fleet/retail mix numbers, I'm pretty sure Ford was the only one that had more than 25% of total car and light truck sales dumped into fleet. Your position on fleet sales is well established on these forums, so once fleet dumping was mentioned i figured it was a matter of time you brought Ford in the equation. There is a very big difference between rental car fleet sales and corporate/government fleet sales. Where I work, our fleet vehicles are kept for 100k miles or more on average, which doesnt allow for late model low mileage cars to be dumped on the market like rental fleets. Perhaps when you throw numbers out, you should be a little more specific about fleet percentages, as fleet sales are profitable regardless of what you think, and certain fleet sales are not damaging to resale. Quote Link to comment Share on other sites More sharing options...
akirby Posted January 16, 2018 Share Posted January 16, 2018 So it's possible Nissan is still doing fleet dumping. Among automakers that publicly release their fleet/retail mix numbers, I'm pretty sure Ford was the only one that had more than 25% of total car and light truck sales dumped into fleet. You just don't understand fleet sales and statistics. Here are the 2017 fleet leaders. F-series and Ram are almost all Commercial fleet sales, not daily rentals. And a lot of the Fusion fleet sales are government. As you can see, Nissan is the fleet dumping King followed closely by Toyota. Those companies do very little government and commercial fleet sales - they're almost 100% daily rentals. So I'm going to warn you again to stop saying that Ford is fleet dumping without some evidence. 2 Quote Link to comment Share on other sites More sharing options...
twintornados Posted January 16, 2018 Share Posted January 16, 2018 ...So I'm going to warn you again to stop saying that Ford is fleet dumping without some evidence. . Well, this is the internet - home of making up "facts" and sounding like an authority on them....who needs evidence?? Quote Link to comment Share on other sites More sharing options...
silvrsvt Posted January 16, 2018 Author Share Posted January 16, 2018 Where did you find that? Quote Link to comment Share on other sites More sharing options...
tbone Posted January 16, 2018 Share Posted January 16, 2018 Where did you find that? On the Internet? 4 Quote Link to comment Share on other sites More sharing options...
Michael Reynolds Posted January 16, 2018 Share Posted January 16, 2018 http://www.thetruthaboutcars.com/2017/12/dont-gentle-rental-nissan-boosts-u-s-sales-numbers-flooding-americas-fleets/ 1 Quote Link to comment Share on other sites More sharing options...
jcartwright99 Posted January 16, 2018 Share Posted January 16, 2018 On the Internet Looks legit to me! Quote Link to comment Share on other sites More sharing options...
akirby Posted January 16, 2018 Share Posted January 16, 2018 It was from a fleet website article I found with google. I’ll have to go find it again. Quote Link to comment Share on other sites More sharing options...
silvrsvt Posted January 16, 2018 Author Share Posted January 16, 2018 http://www.thetruthaboutcars.com/2017/12/dont-gentle-rental-nissan-boosts-u-s-sales-numbers-flooding-americas-fleets/ That would explain why the Rouge is the number one small CUV from basically coming out of no where to blow past the CRV, RAV4 and Escape sales wise. Quote Link to comment Share on other sites More sharing options...
silvrsvt Posted January 16, 2018 Author Share Posted January 16, 2018 It was from a fleet website article I found with google. I’ll have to go find it again. Don't worry its linked already http://www.thetruthaboutcars.com/2017/12/dont-gentle-rental-nissan-boosts-u-s-sales-numbers-flooding-americas-fleets/ Quote Link to comment Share on other sites More sharing options...
kyle Posted January 16, 2018 Share Posted January 16, 2018 You just don't understand fleet sales and statistics. Here are the 2017 fleet leaders. F-series and Ram are almost all Commercial fleet sales, not daily rentals. And a lot of the Fusion fleet sales are government. As you can see, Nissan is the fleet dumping King followed closely by Toyota. Those companies do very little government and commercial fleet sales - they're almost 100% daily rentals. So I'm going to warn you again to stop saying that Ford is fleet dumping without some evidence. I am renting cars almost weekly with a heavy travel this past year. My unofficial take is along those lines, minus the trucks-but if there is a rental truck it will be a F150 or Ram (though I did rent a new Titan truck in Texas). I see a lot of Fusions, Altima's, Grand Cherokee's and Rogues. Very little Chevy product until more recently-seeing more Tahoe's and Impalla's on the lots. Personally, I think it is a double edge sword because it certainly hurts residuals and margins but also allows the product to be out in the market and many times gets sold to the OEM dealer for resale. Quote Link to comment Share on other sites More sharing options...
akirby Posted January 16, 2018 Share Posted January 16, 2018 http://www.thetruthaboutcars.com/2017/12/dont-gentle-rental-nissan-boosts-u-s-sales-numbers-flooding-americas-fleets/ That was it. Thanks Quote Link to comment Share on other sites More sharing options...
rmc523 Posted January 16, 2018 Share Posted January 16, 2018 That would explain why the Rouge is the number one small CUV from basically coming out of no where to blow past the CRV, RAV4 and Escape sales wise. Agreed. They're all over rental lots. Quote Link to comment Share on other sites More sharing options...
Anthony Posted January 17, 2018 Share Posted January 17, 2018 According to that article, that chart is for top rental sales (not just pure fleet) for those that didnt click through. Quote Link to comment Share on other sites More sharing options...
akirby Posted January 17, 2018 Share Posted January 17, 2018 According to that article, that chart is for top rental sales (not just pure fleet) for those that didnt click through. That’s what it says but it has to be a typo. No way they sell that many Rams and F150s to rental fleets, right? Quote Link to comment Share on other sites More sharing options...
tbone Posted January 17, 2018 Share Posted January 17, 2018 Thats what it says but it has to be a typo. No way they sell that many Rams and F150s to rental fleets, right? Could U-Haul and the like be included in that? Quote Link to comment Share on other sites More sharing options...
Anthony Posted January 17, 2018 Share Posted January 17, 2018 (edited) That’s what it says but it has to be a typo. No way they sell that many Rams and F150s to rental fleets, right? Well, it is for the entire year. ...and if U-haul and other truck rental companies are included (as mentioned above), I can see that. I mean if you think about it, 49k F-150 is about 2/3rd of one month's sales. They sell WAAAAY more "regular" fleet than that on a yearly basis, so there's no way this could be indicative of all fleet. So this chart makes sense. Edited January 17, 2018 by Anthony Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.