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Black Friday could power record November sales

Black Friday allows some shoppers to line up in the wee hours for doorbuster deals on laptops and TVs, but the day after Thanksgiving could mean huge profits for automakers this year, too. Multiple industry analysts predict record growth for the industry for November, and the upcoming incentives could help those numbers. TrueCar predicts that Black Friday incentives could provide a major boost, and it estimates a November sales jump of 3.9 percent from last year to a record for the month at over 1.35 million vehicles. As examples of potential deals, Chevrolet, Buick, and GMC plan to offer up to 20 percent off some models, and FCA US has no-interest financing for up to 75 months from its brands. "Consumers are excited about Black Friday promotions and these month-long events appear to be resonating with car buyers." Eric Lyman, TrueCar's vice president of industry insights, said in the report. Black Friday only recently became a big day for auto sales, according to an analysis from Edmunds. Last year, Thanksgiving weekend posted double the sales as any other weekend in the month. The company predicts a sales volume of over 1.33 million vehicles for November. If that happens, it would be the beat the previous record of 1.32 million sales for the same month in 2001. Some forecasts temper the gains for November but only slightly. Kelley Blue Book predicts flat year-over-year sales at 1.3 million vehicles, but that's largely because there are two fewer sales days in 2015 versus in 2014. "Black Friday deals on vehicles have grown in popularity in recent years, and should be a big contributor to this month's sales results," said analyst Tim Fleming in the study. The combined research from J.D. Power and LMC Automotive have the lowest November prediction among this group at just over 1.279 million sales for the month versus 1.299 million in 2014. However, once the researchers adjust the figures for the two fewer selling days, 2015 could actually be seven percent higher than last year. TrueCar Finds New Auto Sales in November to Reach Monthly Record Black Friday promotions bolster sales gains; industrywide incentives up 6% from last year November 24, 2015 12:11 PM Eastern Standard Time SANTA MONICA, Calif.--(BUSINESS WIRE)--TrueCar, Inc. (NASDAQ: TRUE) projects total new vehicle sales, including fleet deliveries, will reach 1,352,500 units in November, a 3.9 percent increase from a year ago and the highest ever for the month.

2024 GMC Acadia First Drive Review: Big on character

BLUFFTON, S.C. — The 2024 GMC Acadia is a revamped take on the brandÂ’s popular three-row SUV. ItÂ’s quite a bit bigger than the outgoing model, with 8.4 more inches of wheelbase and 10.6 extra inches of overall length. ThatÂ’s a huge boon to cargo space (up 80%), while also adding 27% to second-row legroom. Its new looks align more closely now with the GMC Sierra pickup, granting it a brawnier personality. While itÂ’s in many ways quite similar to the updated 2024 Chevrolet Traverse, (including in size, now) GMC did an admirable amount of design work to differentiate the Acadia from its close relative. The tall, truck-like grille gives the Acadia more presence than before, and the C-shaped LED headlights add character. Along the side, the chunky C-pillar is hidden from sight, while the D-pillar is expanded. This provides a better view for third-row passengers, and has the added benefit of obscuring the cargo area from onlookers. Around back, we see more LED lighting, as well as quad exhaust tips GMC said were inspired by the C8 Chevy Corvette, complete with their squarish shape. The overall look is more truckish, but it still has a sporty slant. Under the skin, much is shared with its Chevy platform-mate. It sports the same new 2.5-liter turbo four producing 328 horsepower and 326 pound-feet of torque and shifts via an eight-speed automatic transmission. The engine employs the same “ePhaser” to adjust the camshaft on the fly to advance and delay the spark according to power and efficiency needs. And just like the Traverse, the front-wheel-drive Acadia gets 20 miles per gallon city, 27 mpg highway and 23 mpg combined, or 19/24/21 mpg with all-wheel drive. In addition to the base Elevation trim ($43,995 including destination, with AWD costing another $2,000), the Acadia boasts the more luxurious Denali trim ($55,695 for FWD and $57,695 for AWD), as well as the off-road-ready AT4 trim ($51,395 with AWD standard). WeÂ’ll have to wait to evaluate the feature content in the Elevation, but the Denali and AT4 were on hand for us to evaluate in South Carolina. Our first stint in the Acadia was in the Denali. Getting inside, itÂ’s immediately noticeable that the AcadiaÂ’s interior is a big step up over that of the Traverse. Up front, the centerpiece is the tech interface standard on all Acadia trims: a portrait-oriented 15-inch infotainment screen running Google Built-In, as well as an 11-inch driver display.

GM might lose 90-year U.S. sales crown over chip shortage

Automotive News editor Nick Bunkley tweeted on October 1 that according to AutoNews data, General Motors "has been the largest seller of vehicles in the U.S. every year since passing Ford in 1931." With automakers having turned in light car and truck sales data for the first three quarters of 2021, GM's 90-year-run might not reach 91. According to AN figures, Toyota was 80,401 vehicles ahead when the October workday started. Worse, GM is so far behind its historic pace that it might only sell enough light vehicles in the U.S. to match its numbers from 1958.  Meanwhile, the New York Times put a few more salient numbers to the pain GM and Toyota are enduring alongside the the rest of the industry. GM sold 33% fewer cars in Q3 2021 than it did in Q3 2019 during the dark days of the pandemic, 446,997 units this year as opposed to 665,192 last year. GM's Q3 2020 was only down 13% on Q3 2019. Over at Toyota, the bottom line showed a 1% gain in Q3 2021 compared to 2020, with 566,005 units moved off dealer lots. The finer numbers show two steps forward and one step back, though; Toyota's September sales were down 22% compared to last year.  GM remains optimistic about what's ahead, GM's president of North American operations telling the NYT, "We look forward to a more stable operating environment through the fall." We'd like to see that happen, but we don't know how it happens. The chip shortage said to have been the inciting incident for the current woes isn't over, and not only can no one agree when it will be over, the automakers, chip producers, and U.S. government still can't get on the same page about who needs what and when. Looking away from that for a second shows articles about "No End In Sight" for supply chain disruptions in early September, before China had to start working through power supply constraints, global supply chain workers started warning of a "system collapse," and roughly 500,000 containers sat waiting to be unloaded at Southern California ports — a record number seemingly broken every week. And back to chips, we're told just a few days ago the chip shortage is "worse than we thought."   For now, the NYT wrote that GM dealer inventory is down 40% from June to roughly 129,000 vehicles, and down 84% from the days when dealers would cumulatively keep about 800,000 light vehicles in stock. However, GM just announced it would have almost all of its U.S. facilities back online next week, although some would run at partial capacity.