CHICAGO, Jan. 27, 2014
/PRNewswire/-- Cars.com, the leading online resource
for buying and selling new and used cars, announced today that
new-vehicle sales are expected to improve 0.3 percent
year-over-year in January to a total of 1.045 million units and an
estimated 15.74 million at a seasonally adjusted annual rate
(SAAR).
Key Highlights for January 2014
Sales Forecast:
- For January 2014, new light vehicle sales in the U.S.
(including fleet) are expected to be 1,045,628 units, up 0.3
percent from January 2013 and down 22.9 percent
from December 2013.
- The January 2014 forecast
translates into a Seasonally Adjusted Annualized Rate ("SAAR") of
15.7 million new car sales, up 2.1 percent from December 2013 and up 3.3 percent over
January 2013.
- Retail sales are expected to account for 83% of all sales in
January 2014, virtually unchanged
year-over-year from January
2013.
"Industry sales started the year out on a relatively positive
note and would have been even better if it wasn't for the inclement
weather negatively impacting car shopping in several major markets"
said Jesse Toprak, Chief Analyst for
Cars.com. "We expect the total sales to grow by nearly 900,000
units (5.7%) in 2014, fueled by new products, an improved
macro-economic landscape, and attractive lease and finance
specials."
Forecasts for the top eight manufacturers for January 2014:
Unit Sales
Manufacturer
|
January
2014
Sales
Forecast
|
YoY
|
MoM
|
Chrysler
Group
|
125,412
|
6.5%
|
-22.1%
|
Ford
|
158,768
|
-4.3%
|
-26.7%
|
GM
|
191,172
|
-1.8%
|
-16.9%
|
Honda
|
97,878
|
4.5%
|
-27.6%
|
Hyundai/Kia
|
82,986
|
3.7%
|
-14.1%
|
Nissan
|
84,611
|
4.6%
|
-22.9%
|
Toyota
|
152,604
|
-3.2%
|
-20.0%
|
Volkswagen
|
39,765
|
1.8%
|
-22.1%
|
Industry
Total
|
1,045,628
|
0.3%
|
-22.9%
|
Market Share
Manufacturer
|
Jan-14
Forecast
|
Dec-13
|
Jan-13
|
Chrysler
Group
|
12.0%
|
11.9%
|
11.3%
|
Ford
|
15.2%
|
16.0%
|
15.9%
|
GM
|
18.3%
|
17.0%
|
18.7%
|
Honda
|
9.4%
|
10.0%
|
9.0%
|
Hyundai/Kia
|
7.9%
|
7.1%
|
7.7%
|
Nissan
|
8.1%
|
8.1%
|
7.8%
|
Toyota
|
14.6%
|
14.1%
|
15.1%
|
Volkswagen
|
3.8%
|
3.8%
|
3.7%
|
Cars.com shares industry news, insights and dealership best
practices to help dealers and manufacturers better understand the
automotive landscape, automotive shopping trends and new consumer
behavior. For more information, visit
http://dealeradvantage.cars.com/.
ABOUT CARS.COM
Cars.com is an award-winning online
destination for car shoppers that offers information from consumers
and experts to help buyers formulate opinions on what to buy, where
to buy and how much to pay for a car. Cars.com offers thousands of
new and used vehicle listings, consumer reviews, side-by-side
comparison tools, photo galleries, videos, unbiased editorial
content and many other tools. Cars.com puts millions of car buyers
in control of their shopping process with the information they need
to make confident buying decisions. Launched in June 1998, Cars.com is a division of Classified
Ventures LLC, which is owned by leading media companies, including
A.H. Belo (NYSE: AHC), Gannett Co.,
Inc. (NYSE: GCI), The McClatchy Company (NYSE: MNI), Tribune
Company and The Washington Post Company (NYSE: WPO).
SOURCE Cars.com