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August Sales: Retail +21%, overall +17%


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2300 Sales of the Taurus? Isn't that like one of the best Months ever for the D3?

 

I take that back..the 500 sold like 5K units back in 2005

 

Read the whole press release please. Taurus production is still ramping up and many dealers haven't even seen their first one yet. Early sales are encouraging. In Metro Detroit, they are sold as they hit dealer lots. I doubt if 5,000 have even been shipped yet let alone sold. Look for sales to increase every month out as production increases and more are shipped. The new Taurus is getting attention and is no wallflower like previous one.

 

What's amazing about Ford's August sales is how just about every vehicle across the board did well, especially the F-150, Edge, and Ranger. I expected the Fusion, Escape, and Focus to do well of course, but F-150 sales were up year over year and even the Edge joined in and did well. Very impressive.

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Volvo isn't looking too bad either for August. The S 40, V 50 and C-30 did well. The XC 60 seems to have picked up the slack in SUVs and even the old S 60 is still selling. I don't recall seeing any Volvo C4C ads.

 

Was the MKZ C4C eligible? It took a hit when Milan and Fusion were doing great. Hopefully, the arrival of the MKT will pump some life into Lincoln sales.

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Only 624 Grand Marquis were sold in August. Those "loyal BOF/V8 customers" sure are helping sales and profits aren't they????

 

Looks like the PI will end up being the only one around. Taxi companies are switching away from them. Liverys are getting SUV's or vans.

Edited by 630land
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conf. call notes:

 

Comments

 

George Pipas:

Year over year market share up again, tenth of past 11 months.

Small car sales c. 32% of all sales this year, last year c. 29% of all sales.

4-cyl engines, as a percentage of all engines, have steadily increased since 2004

 

Ken Czubay:

2.4M unique visitors to "Recycle Your Ride" site

Car sales up 25%, CUVs up 28%, trucks 12%--pleased with balance.

Favorable opinion rating has risen 17%, consideration up 13% since beginning of the year.

Took lessons from EU C4C programs

- Taurus

- August 1 inventory: 100 Tauruses

- August sales expectations: 1100 Tauruses.

- Calls it the -Show-

Higher than predicted mix of SHO

Transit Connect expected @ 1300

50% of inventory 2010MY--ahead of selldown plan.

 

Inventory:

Aug 31: 70k cars, 173k trucks/SUVs/CUVs, 243k, 50k less than Aug. 1; vs. 461k Aug. 31, 2008.

 

Q&A

 

Analysts:

* Est. c. 500k clunker sales in August, difficulty of pulling 'would have happened anyway' sales from the C4C sales. Historically about 75k cars per month meet C4C standard in any given month.

* Est. 13.5% total market share

* Fleet mix 18% in August (up 2% year over year--August a slow month for fleets)

* Difficulty of retaining market share when market shifts to smaller cars, due to lack of product in that area.

(Rod Lache asks about 30 questions)

* Question of how many C4C sales were deferred sales--how many were pulled ahead; difficult to estimate.

* Consideration of vehicle cashed in as indicator of deferred sales or pulled ahead sales

* Plan for c. 15% market share for the balance of the year

* Anticipate higher F-Series sales balance of year in conjunction with better economic outlook.

* Sales began to drop midweek last week, dropped off over the weekend.

* Expect the C4C payback will not extend into October

* Fleet sales were likely turned down in Aug. to meet retail demand

* Remain confident in 10.5M-11M sales.

* Industry can't sustain a 32% small car share, expect c. 30% fleet mix balance of the year.

 

Media:

* Expect better results balance of year than 7 months pre C4C.

* Expect Q4 as beginning of expansion.

* Clunker share c. 14.4%, better than retail market share of 13%

* Expect a bump in mfg. just to replace inventory.

* c. 36 days inventory end of August.

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Only 624 Grand Marquis were sold in August. Those "loyal BOF/V8 customers" sure are helping sales and profits aren't they????

 

Looks like the PI will end up being the only one around. Taxi companies are switching away from them. Liverys are getting SUV's or vans.

 

MY changeover was this month. When you have basically 0 retail sales, you get wild sales swings due to changeovers and down times.

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GM August sales - HERE

 

Ouch.

 

Silverado and Sierra models are both down more than 40% That's pretty significant considering F-series sales are actually up 13%

 

They have a few bright spots (Aveo sales are waaaay up) and Pontiac sales are up, but GM looks to be in a world of hurt. When their best performance comes from the division they are closing, you know they have problems. They look as bad and Ford looks good.

Edited by jpvbs
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