Automobile Sales News

The primary objective in auto recycling of junk cars is to profitable serve the industry while benefiting the environment in the towns of Warrensville Heights, Richmond Heights, and Pepper Pike. Those in need of cash for cars in Euclid, Garfield Heights, and Eastlake, should know that we are boasting over a 90% rate of recycling for vehicles. Our damaged car removal program is increasing in popularity in Twinsburg, Lakewood, and Linndale Village, as a result of fast pickup in the majority of cases. Our salvage car buyer is awaiting your call for a price in the Newburgh Heights and Collinwood areas. Complimentary junk vehicle removal and hauling is always included in our program.

A recent Yahoo Finance article by Mayank Marwah informed us as follows: “The U.S. auto industry showed a slight decline for the month of August, ending the month on a gloomy note. This was long expected as consumer demand has begun to drop. General Motors (GM), Ford (NYSE:F) and Toyota (TM) – the top (3) automakers – posted declines of at least 5%. This additionally reduces the prospects of corresponding this year’s auto sales with the record from last year’s sales. Almost all automakers missed budgetary estimates as the lengthy six years’ growth for the business appeared to have slowed in August. According to Autodata Corp., overall industry sales plunged 4.2% to 1.51M cars.

While automakers like GM, Ford and their Japanese rivals struggled to post gains, Chrysler did to register some gains though it missed their estimates as well. The seasonally modified annual sales for August came in at 16.98M. This remains less than in July when it was 17.88M vehicles. GM registered a decline of 5% year over year to over 250,000 vehicles. Sales of the company’s best seller Chevrolet Silverado fell 5% versus August 2015. Brands like Buick, Chevrolet and GMC failed to impress also; rental fleet numbers also dropped 34% year over year. On the contrary, Cadillac has a spike of sales around 4%. Ford also exhibited a decline in its August sales, down 8% to 214,482 units sold from the same timeframe last year. Lincoln has sales up 7% on the back of the all new MKX SUV. Ford brand sales, unfortunately, fell 9%, as their fleet sales dropped 10%. Deliveries of both F-Series pickup trucks and the Explorer SUV were down. Nevertheless, retail sales for these trucks sustained for the most part.

Chrysler was the only one of the U.S. automakers to post much activity, up 3% year over year; despite the company’s bad analyst estimates of a 5% gain. Chrysler brand sales sunk 22% while Fiat sales were down 21%. Ram, Jeep and Dodge sales were strong again. Retail sales amounted to 150,153 units in the month whereas fleet sales were 46,603 units.

Nissan (NSANY) was another manufacturer that struggled to reach any gains in August as sales dropped 6.5%. Deliveries for both Nissan and Infiniti line brands were shaky. However, crossovers, SUVs and pickups showed record sales for August, up 19% compared with a year ago. Honda (HMC) sales dipped 3.8%, taking analysts by surprise; who thought a drop of 1%. Honda’s brands sustained a drop of 10%, and Acura sales are down 7%. August sales repeat the shifting momentum from sedans and hatchbacks to SUVs & trucks. The major needs for these automakers include how to figure out a way to overcome these challenges. Declining sales may trigger automakers to cut production or offer greater incentives to jump-start volumes, but this will limit their top and bottom lines. It will be concerning to see how sales chart continues over the next few months. The full article is available at this link.

Receive cash for cars in Cuyahoga County

Proper auto recycling of junk cars is important to protect the environment in Middleburg Heights, Glenwillow, and Parma. Damaged car removal is the perfect solution for the backyard mechanic in Beachwood, Bedford Heights, or Tremont, who never seems to do any work. Those acting as a salvage car buyer are responsible for protecting the environment amid their recycling and disposal process in Bratenahl, Mantua, and Moreland Hills. Residents of Chagrin Falls, Mayfield Heights, and Lake County are encouraged to contact us for junk car pricing today, with the junk vehicle removal service included.