Displaying items by tag: Greater Cleveland Auto Dealers Association

Thursday, 12 April 2012 09:41

NEO Auto Sales Down

Auto sales in northeast Ohio seeing a bit of a hangover after the big Auto Show, down four percent for March of '12 compared to March '11. Local dealers say the new vehicle market continues to be strong nationwide and April's already off to a strong start.

(Greater Cleveland Automobile Dealers Association) Sales of new cars and trucks dipped slightly in March of 2012, when comparing the month against the same time period a year prior. Franchised new car and light truck dealers sold 19,625 vehicles in March of 2012 versus 20,449 in 2011, a decrease of four percent, according to figures released today by the Greater Cleveland Automobile Dealers’ Association (GCADA).

“Any time you go up against figures like we generated last year, you are bound to have some numbers that don’t meet last season’s monthly numbers,” said Louis A. Vitantonio, president of the GCADA. “The new vehicle market across the nation remains strong. And with the strong start we have had with April sales locally, we’re confident that the market will continue to grow this year.”

In March of 2011, franchised new vehicle dealers sold 33.33 percent more vehicles than they sold in March of 2010, when sales amounted to 15,351 units. March of 2012 is still an improvement over 2010 by more than 27 percent.

There were some bright spots in the numbers released today by the GCADA. Truck sales in March continued to grow, registering an almost seven percent gain over March of 2011. For the year-to-date, sales of light cars and trucks are up 1.81 percent.

A total of 13 brands posted sales increases for the month when comparing figures to the same period last year. Ford led the way with 3,520 vehicles sold, a decrease of 1.7 percent over March of 2011, but still 989 vehicles more than were sold in February of this year. Chevrolet came in second with 2,994 vehicles sold. Toyota edged out Honda for third with 1,669 vehicles sold in March of this year versus 1,662 for Honda during the same time frame.

Chrysler, Dodge and Jeep continued their strong double-digit growth; Chrysler growing by 58 percent, Dodge growing by 23 percent, and Jeep growing by almost 24 percent for the month.

13 Brands Up in March (‘12 v. ‘11)
The following 13 brands posted sales increases in March 2012 versus March 2011: Chrysler, Dodge, Fiat, Jaguar, Jeep, Kia, Land Rover, Lotus, Mercedes-Benz, Nissan, Smart, Subaru and Volkswagen.

16 Brands Up Year for the Date
The following 16 brand posted sales increases for the year to date versus the same period in 2011: Chrysler, Dodge, Fiat, Ford, Jeep, Kia, Land Rover, Lincoln, Lotus, Mercedes-Benz, Mini, Mitsubishi, Nissan, Smart, Subaru, and Volkswagen.

Published in Local

Northern Ohio Auto Sales Up 15% For November

If automotive drives the local economy...then northeast Ohio is doing a lot better.

The trade group representing auto dealers in northern Ohio report a boost of nearly 15% for November and an increase of over 19% year-to-date. The Greater Cleveland Auto Dealers Association credits pent-up demand for the increases in 2011 retail sales.

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(Greater Cleveland Auto Dealers Association) The retail automotive industry in Northern Ohio sold 15,576 new vehicles in November, an increase of more than 2,000 vehicles over the same month a year prior, according to statistics released today by the Greater Cleveland Automobile Dealers Association. When comparing November 2011 with November 2010, sales increased 14.93 percent. For the year-to-date through the end of November, sales of new cars and light trucks are up 19.12 percent, when adjusting for discontinued brands.

Many local dealers attribute strong sales in 2011 to continued pent-up demand in the market.

“Individuals who have been deferring purchases for some time have returned to the dealerships in the past few months,” said Louis A. Vitantonio Jr., president of the Greater Cleveland Automobile Dealers’ Association. “Consumer confidence and attractive deals have led buyers back to the dealership.”

In addition, many brands are now in the middle of year-end sales events, which could help keep December sales strong. The week between Christmas and New Years is one of the most active for automobile dealers.

For the year to date, franchised new car dealers have sold 185,757 vehicles through November of this year compared to 156,248 vehicles during the same time a year prior. A total of 20 brands posted sales increases for the month, when comparing sales from November 2011 to the same month a year prior. For the year to date, 28 brands have posted sales increases over 2010.

Ford continued to lead the industry with 3,180 vehicles sold in November, an increase of more than 32 percent over November of 2010. Chevrolet came in second at 2,073 units, while Toyota overtook Honda for third place with 1,334 units beating its offshore rival by a scant ten units for the upward move.

Chrysler, Dodge and Jeep continued to have an excellent year, with combined sales of the three brands reaching 1,561 units in November of 2011 versus a combined total of 1,059 units during the same period last year.

20 Brands Up in November (‘11 v. ‘10)

The following 20 brands posted sales increases in November 2011 versus November 2010: Audi, Chevrolet, Chrysler, Dodge, Fiat, Ford, GMC, Hyundai, Jaguar, Jeep, Kia, Land Rover, Mercedes-Benz, Mitsubishi, Nissan, Porsche, Smart, Subaru, Toyota and Volkswagen.

28 Brands Up Year to Date through November (‘11 v. ‘10)

The following 28 brand posted sales increases for the year to date through November of this year versus the same period in 2010: Acura, Audi, BMW, Buick, Cadillac, Chevrolet, Chrysler, Dodge, Fiat, Ford, GMC, Honda, Hyundai, Infiniti, Jeep, Kia, Land Rover, Lincoln, Mercedes-Benz, Mini, Mitsubishi, Nissan, Porsche, Saab, Subaru, Suzuki, Volkswagen and Volvo.

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