Despite rising gas prices, this month's compact car sales are expected to be down 5.2% compared to April 2004, according to a news release from Edmunds.com, an online resource for automotive information.
Only five vehicle segments are expected to post year-over-year increases this month, and none is remarkably fuel efficient. Those categories are sport cars (up 48.0
, luxury SUVs (up 7.7
, compact SUVs (up 5.1
, luxury cars (up 4.0
and large trucks (up 3.6
.
In the same period, large SUV sales are expected to fall just 1.0%, representing 4.9% of the month's sales. Compact truck and midsize car segments are expected to post the biggest year-over-year declines, 5.2% and 4.8%, respectively.
"Without incentives we would be reporting a very different situation," observed Dr. Jane Liu, Vice President of Data Analysis for Edmunds.com. "In recent months, incentives for large SUVs have been approximately three times the incentives for compact cars, tempting buyers to take advantage of bargains."
SUV incentives rose from an average of $2,475 per vehicle sold in March 2004 to $2,841 per vehicle sold in March 2005. Thanks in large part to these incentives, SUVs sold at a 13.8% discount from MSRP in March 2004 and a 15.5% discount from MSRP in March 2005. Compact car incentives dropped from $1,832 per vehicle sold in March 2004 to $1,486 per vehicle sold in March 2005. The segment's discount fell from 15.7% of MSRP in March 2004 to just 12.3% of MSRP in March 2005.
During the same period, the average incentive for all vehicles rose from $2,379 to $2,556; SUVs make up nearly a quarter of the overall marketplace while compact cars constitute 15%.
Edmunds.com estimates the total sales for April 2005 to be 1.49 million units, up 1.6% over last April when adjusted for the number of selling days.
However, other recent measures indicate that the industry is feeling pressure. Industry average days-to-turn, which measures how many days on average it takes to sell vehicles after they arrive at dealerships, was 72 days in March 2005, up from 64 days in February 2005 and up from 69 in March 2004. And the industrywide average net price was 15.6% below MSRP in March 2005, compared to 14.8% in March 2004.
This data was released with the Edmunds Price Index for new vehicles (EPI-N) (January 2002 = 100), which decreased from 101.8 in February to 100.8 in March. Similar in purpose to the Consumer Price Index (CPI), the EPI-N measures the average changes in retail prices for new vehicles with fixed options over time in order to analyze trends. Edmunds.com also calculates and reports a wide range of data including transaction prices and net prices of vehicles by country of origin, manufacturer, make, model and vehicle segment.
>>>For Sale? Clicky!<<<
-----The orginal Mr.Goodwrench on the JBO since 11/99-----
No, people who buy increasingly larger vehicles with poor fuel economy suck.
Currently #4 in Ecotec Forced Induction horsepower ratings. 505.8 WHP 414WTQ!!!
Currently 3rd quickest Ecotec on the .org - 10.949 @ 131.50 MPH!!!
Quote:
No, people who buy increasingly larger vehicles with poor fuel economy suck.
Dark blue 2002 Z24, 2.4 Ltr.
Only in the states... Small cars are the ticket in Canada...
I'll be very happy with my new 2005 sunfire when it arrives... I'm helping out that small car segment again!
-----------
Words that you can't use in modding: Finished, Perfect, Cheap.
i really want a GTO....but i think gas is just gonna kill me, that v-8 will prob eat it....so im thinking an ion redline or cobalt ss s/c instead
however i do think its very odd that the sales of large SUV's are still that good.....i dont understand people, id never buy something that gets 12MPG
Roofy wrote:No, people who buy increasingly larger vehicles with poor fuel economy suck.
if buy large poor fuel economy cars u mean small cars, then yes.
-Borsty
Sizzy (Teh Sizzah!) wrote:Roofy wrote:No, people who buy increasingly larger vehicles with poor fuel economy suck.
^^^ yup
gas prices are part of why my elcamino sits , 24-34 mpg vs 10-15 mpg(if im lucky)
pppfffftttt watever.
-Borsty
i hope i get 5 mpg with my new engine.
-Borsty
97cavy22 wrote:i really want a GTO....but i think gas is just gonna kill me, that v-8 will prob eat it....so im thinking an ion redline or cobalt ss s/c instead
however i do think its very odd that the sales of large SUV's are still that good.....i dont understand people, id never buy something that gets 12MPG
Yea, my mom's GTO averages about 16.8 mpg not to to bad but just get a Redline or Cobalt SS...Go for the SS
!!!!!!!!
Borsty wrote:i hope i get 5 mpg with my new engine.
I hope you get 2 MPG. In fact I hope you lead foot it in Park all day long and waste all the gas you possibly can and make the world a polluted monstrosity so all the people with Hybrids can suffer the same suffocating death we will.
IF IT DOESNT GET LESS THAN 15 MPG, IT DOESN'T BELONG ON THE ROAD!!!!!!!
For every engine/transportation configuration, there is a purpose. A fully loaded down transport trailer will never see 10 MPG, but it is the most efficient way to transport bulk goods. On the other hand, simply building a monster engine that eats gas like crazy isn't too wise. Granted, I'll never say that these things should be outlawed, but in a world with declining oil reserves, it's greedy to build a resource-hogging vehicle, when you can go just as fast with hybrids/newer technology.
With today's technology, there's no reason why the Explorer/Trailblazer SUV's shouldn't be getting closer to 30MPG average.
Currently #4 in Ecotec Forced Induction horsepower ratings. 505.8 WHP 414WTQ!!!
Currently 3rd quickest Ecotec on the .org - 10.949 @ 131.50 MPH!!!
Roofy wrote:For every engine/transportation configuration, there is a purpose. A fully loaded down transport trailer will never see 10 MPG, but it is the most efficient way to transport bulk goods. On the other hand, simply building a monster engine that eats gas like crazy isn't too wise. Granted, I'll never say that these things should be outlawed, but in a world with declining oil reserves, it's greedy to build a resource-hogging vehicle, when you can go just as fast with hybrids/newer technology.
With today's technology, there's no reason why the Explorer/Trailblazer SUV's shouldn't be getting closer to 30MPG average.
i believe the hybrid escape will see high 30's in gas mileage
So wait a second........are you saying that GM's plan might actually have been the right way to go to get the company slightly out of the hole? You mean GM somehow played their cards right and betted on people buying larger trucks and SUV's and now GM will have plenty new models to quench their desire?
lol ^ I wouldn't be so quick to point that out just yet. I am willing to bet that consumers are expecting a drop in fuel prices which is big trucks are still selling.
Also I have a report that says the Aveo jumped 78% in 1st quarter 2005 compared to the same time in 2004.
While the GMC Yukon dropped -26% in 1st quarter 2005 compared to the same time in 2004. But this is GM not the (all) of small cars.
>>>For Sale? Clicky!<<<
-----The orginal Mr.Goodwrench on the JBO since 11/99-----
all i can say is i wish i had stock in exxon and texaco
cuz they are some rich mofos
