-
Toyota Posts February Sales Increases, GM, Ford, FCA Fall Short
Thursday, March 1, 2018 - 4:14pm | 918With just one automaker reporting an annual increase in February sales, 2018 is looking bleaker for the auto industry. But that’s not unexpected. “This year is going to be a bitter but necessary pill for the auto industry to swallow,” Jessica Caldwell, Edmunds' executive...
-
GM, Toyota, Honda Pull Ahead With January Sales
Thursday, February 1, 2018 - 5:53pm | 1048The last month could have been an acceptable loss in the automotive industry. “January is typically a ho-hum month for auto sales following the major holiday blowout sales we see at the end of the calendar year,” Jessica Caldwell, executive director of industry analysis at Edmunds, said...
-
Auto Sales Slow In October Despite Hurricane Boost
Wednesday, November 1, 2017 - 11:53am | 940After two fairly strong months, auto sales softened in October, courtesy trimming of incentives and one fewer selling day in the month. However, industry watchers believe sales will rebound in the final months of the year, as automakers strive to clear inventories. Incentive spending remained...
-
Auto Sales Ramp Up In September Buoyed By Labor Day Boost
Tuesday, October 3, 2017 - 11:09am | 1104Thanks to copious incentives, the Labor Day boost and the recovery following the recent hurricanes, auto sales were higher all around in September. Detroit's Big Three had a fairly strong month, with even Fiat Chrysler Automobiles NV (NYSE: FCAU) reporting a small increase in its retail sales...
-
August Auto Sales Recover Modestly As Industry Looks To Post-Hurricane Replacement Demand
Friday, September 1, 2017 - 1:43pm | 1009Some semblance of sanity returned to the auto market in August after an extended lean run that spanned seven months. That said, the performance remained lukewarm, as companies continued to work their way through inventories. August 2017 had one additional selling day compared to the same month in...
-
Detroit's Big 3 See Big Declines: July Auto Sales Roundup
Tuesday, August 1, 2017 - 11:41am | 898U.S. vehicle sales continued to be lackluster in July, with the weakness more pronounced among the U.S. automakers. Coupled with sales worries, the industry is also plagued by higher inventory levels and unusually higher incentives for this time of the year. The companies continued to chip away...
-
Mixed Auto Sales Results For May Despite Heavy Holiday Promotion
Thursday, June 1, 2017 - 1:30pm | 9412017's first-half auto trend continued into May, as automakers reported lukewarm sales results. Truck and SUV sales offered a reason to cheer, while car sales continued southward. Incentives continued to pad up sales results, although inventory levels saw some improvement. For the first time since...
-
April Auto Sales See Declines Across The Board: Gas Guzzlers In, Cars Out
Tuesday, May 2, 2017 - 1:24pm | 906Coming off a record year, automakers were pressured to keep the good show going in 2017. Tidings weren't good in the first three months of the year, as bloated inventory levels and heavy discounting took a toll on the automakers. The lackluster performance continued into April, and the shares of...
-
Automakers' March Numbers Deflate Share Prices
Monday, April 3, 2017 - 1:25pm | 902Shares of automakers and auto parts retailers took a hit on Monday amid the release of lackluster March sales data, as car sales took a hit amid consumer preference for SUVs and trucks in a low gas prices environment. The "double-I" concerns, namely incentives and inventories, did not bode well for...
-
U.S. Auto Sales Skid In January
Wednesday, February 1, 2017 - 2:35pm | 720January is typically a soft month for auto sales, as sales cool off following the frenzied activity in the previous month on the back of heavy promotions to tap the holiday fervor. Additionally, the month is seen as cool-off period before a summer build up. In line with the trend, most automakers...
-
SUV Sales To Women Growing At A Faster Rate Than Men
Tuesday, May 31, 2016 - 2:52pm | 296Women are buying SUV vehicles at a faster rate than men, according to a report by Bloomberg. From 2010 through 2015, sales of small SUV to women surged 34 percent, while sales to men rose just 22 percent, according to Bloomberg, citing data from MaritzCX, a customer-experience software and research...
-
Edmunds.com Analyst: Tesla Needs To Launch The Model X
Thursday, February 12, 2015 - 9:43am | 168Speaking to Benzinga, Edmunds.com Senior Analyst Jessica Caldwell says that Tesla Motors Inc (NASDAQ: TSLA) needs the Model X to complement its line up and “increase its exposure to a broader customer base.” The Model X, which the company said is still expected in Q3, was originally...
-
Edmunds.com Analyst Thinks There's Enough Space For Both Chevrolet Bolt And Tesla Model 3
Monday, January 12, 2015 - 5:46pm | 206Speaking to Benzinga, Edmunds.com Analyst Jessica Caldwell told Benzinga that both Tesla Motors Inc (NASDAQ: TSLA) and the General Motors Company (NYSE: GM) Chevrolet brand have the same type of mission: build a pure electric drive vehicle for the common man. Earlier Monday, Chevrolet...
-
Edmunds.com Analyst: Auto Sales Can't Continue To Grow In This Way
Tuesday, January 6, 2015 - 3:51pm | 537What sticks out to Edmunds.com analyst Jessica Caldwell about the auto sector is just how strong sales continue to be, she told Benzinga. But she knows that sales can’t continue to grow at this rate. Caldwell explained that sales are at pre-recession rates right now, so there isn’t...
-
Edmunds.com Senior Analyst On Tesla Sell-Off: 'There Is Definitely A Relationship Between Gas Prices And Electric Cars'
Wednesday, December 3, 2014 - 4:54pm | 109When asked about why shares of Tesla Motors Inc (NASDAQ: TSLA) might be trading down Wednesday, Senior Analyst for Edmunds.com Jessica Caldwell told Benzinga that gas prices “certainly” have an effect on electric-drive cars. “When gas prices go up, people are less likely to...