Past Peak Cars but Not Past Peak SUVS: Recession Scouting. Brian Benstock, @bbenstock @paragon_honda & @paragon

Nov 05, 2016, 03:18 AM

11-04-2016 (Photo: 2015 Honda CR-V front three quarters at the Paris Motor Show 2014) http://JohnBatchelorShow.com/contact http://JohnBatchelorShow.com/schedules http://johnbatchelorshow.com/blog Twitter: @BatchelorShow

Past Peak Cars but Not Past Peak SUVS: Recession Scouting. Brian Benstock, @bbenstock @paragon_honda & @paragon

“US. auto sales continued to level off in October, but that’s compared with record levels from a year ago in October. Car and especially truck sales remain strong, just not strong enough to surpass last year’s 17.5-million unit record in the U.S. What’s more, October 2016 had two fewer selling days than October 2015, so Toyota Motor Sales’ 8.7-percent drop becomes just 1.7 percent when measured by daily sales rate (DSR). American Honda’s 4.2 percent slide is a 3.2-percent gain measured by DSR. Consider the reduced number of selling days and declines of 1.7 percent at GM, 4.2 percent at Honda, 2.2 percent at Nissan, and 2.1 percent at Kia and Mercedes-Benz USA aren’t bad. Gains of 4.2 percent at Hyundai, which is ramping up production of its hot Santa Fe/Santa Fe Sport to meet demand, and 4.1 percent at Subaru, which maintained a sales lead over Kia for the second month in a row are impressive. Subaru is replacing BMW as the brand other automakers envy most. Audi, Jaguar Land Rover, Mitsubishi, and Porsche also posted gains. For Audi, the new A4 is picking up where the less-profitable A3 left off. The bigger, newer, pricier A4 and Q7 were up last month as A3 and Q5 sales fell. JLR is doing a cracking business with the addition of Jaguar’s first crossover, the F-Pace, and its BMW 3 Series competitor, the XE, both of which are on the low end of the brand’s price range. Mitsubishi saved its October mostly with the addition of the G4 to the Mirage line…

“…5. American Honda, 126,161, off 4.2 percent. Of that, 113,292 were Hondas, off 2 percent, and 12,869 were Acuras, off 20 percent. Honda says Civic is on-track to its best sales year, ever, at 26,359, off 5.1 percent, but up 12.6 percent to 310,142 for the first 10 months, 65,972 units ahead of traditional bestseller Accord. Accord sales fell 15.2 percent, to 25,551 while CR-V was up 4.4 percent to 30,306 just prior to a model changeover. Acura MDX was up 14.7 percent, to 5,052, with TLX off 53 percent to 2,714. RDX was up 1.4 percent, to 3,944. Acura sold 67 NSXes in October, for 150 so far this year…”

http://www.automobilemag.com/news/october-2016-u-s-auto-sales-not-bad-numbers-look/

http://www.paragonhonda.com