Hyundai hires former Infiniti exec for dealer relations

Hyundai hires former Infiniti exec for dealer relations https://ift.tt/2nCupKv

The appointment of Robert Grafton comes five months after Hyundai named former Nissan executive Jose Munoz as global COO and North American CEO.

SUBARU: Streak ends at 93 months

SUBARU: Streak ends at 93 months https://ift.tt/2nzU46K of America's U.S. sales dropped 9.4 percent in September, ending a streak of year-over-year gains at 93 months, even with a big spike in incentives.

HONDA-ACURA: A cool-down after a hot August

HONDA-ACURA: A cool-down after a hot August https://ift.tt/2mMQ6r6 drop comes after an all-time sales record in August that soaked up significant consumer demand.

TOYOTA-LEXUS: 17% drop as cars, trucks take hit

TOYOTA-LEXUS: 17% drop as cars, trucks take hit https://ift.tt/2mJjGh9

Toyota and Lexus sales plummeted in September, collectively dropping 17 percent to 169,656 vehicles, with the Toyota Division dropping 16 percent to 150,796 and Lexus sales falling 23 percent to 18,860. Light-truck sales, down 17 percent, fell at a slightly faster rate than car sales, which declined 16 percent.

Brands: Toyota down 16%; Lexus down 23%

Notable nameplates: Toyota RAV4, down 6.8%; Camry, down 16%; Corolla, down 2.1%; Tacoma, down 18%; Tundra down, 30%; Highlander, down 17%; Lexus RX, down 19%; NX, down 20%; ES, down 36%

Incentives: $2,743 per vehicle, up 3.7% from a year earlier, ALG says.

Average transaction price: $32,261, down 0.3% from a year earlier, according to ALG.

Fleet mix: 3%

Quote: "The pace of swapping [cars for light trucks] has continued to slow down. But there's too many people bringing out too many products in that SUV arena" to have reached the bottom, said Jack Hollis, group vice president and general manager of the Toyota Division at Toyota Motor North America. "But with a lot of our competitors abandoning our car buyers, I'm gonna continue to take as much of that share as possible."

Did you know? Only four models — the low-volume Lexus RC coupe, the still-new Lexus UX, the recently reintroduced Toyota Supra and the discontinued Toyota Venza — showed year-over-year sales gains in September.

Japan 3, even Subaru tumble in a rough month

Japan 3, even Subaru tumble in a rough month https://ift.tt/2nCctzR

Toyota and Honda posted their steepest sales declines in years last month while Nissan continued to struggle and Subaru ended its 93-month winning streak. It was all part of a September that was thrown off course by quirks in the sales-reporting calendar. 

Japan 3, even Subaru tumble in a rough September for U.S. sales

Japan 3, even Subaru tumble in a rough September for U.S. sales https://ift.tt/2nxa8pP

Toyota and Honda posted their steepest sales declines in years last month while Nissan continued to struggle and Subaru ended its 93-month winning streak. It was all part of a September that was thrown off course by quirks in the sales-reporting calendar.