May New-Car Sales To Remain Flat Year-Over-Year; Up 7 Percent From April 2017, According To Kelley Blue Book

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May New-Car Sales To Remain Flat Year-Over-Year; Up 7 Percent From April 2017, According To Kelley Blue Book

Sales Mix of Cars Reaches 38 Percent; Full-Size Pickups Gain Market Share

PR Newswire

IRVINE, Calif., May 24, 2017 /PRNewswire/ – New-vehicle sales are expected to remain flat year-over-year at a total of 1.53 million units in May 2017, resulting in an estimated 16.7 million seasonally adjusted annual rate (SAAR), according to Kelley Blue Book www.kbb.com.

Kelley Blue Book Logo. (PRNewsFoto/Kelley Blue Book)

“We could see a positive month for the industry for the first time this year in May, but Kelley Blue Book expects totals to finish about even year-over-year, despite one extra selling day in 2017,” said Tim Fleming, analyst for Kelley Blue Book.  “Retail numbers for May are expected to finish strong, however they continue to be supported by considerable incentives and lease subvention.  In recent months, leasing appears to be reaching its peak, which is expected, given declining residual values and which is contributing to this year’s slowing sales.”

After a record year of sales in 2016 and seven consecutive year-over-year sales increases, Kelley Blue Book’s forecast for 2017 calls for sales in the range of 16.8 million to 17.3 million units, which represents a 1 to 4 percent decrease from last year.

Key Highlights for Estimated May 2017 Sales Forecast:

  • In May, new light-vehicle sales, including fleet, are expected to hit 1,525,000 units, flat compared to May 2016 and up 7 percent from April 2017.
  • The seasonally adjusted annual rate (SAAR) for May 2017 is estimated to be 16.7 million, down from 17.1 million in May 2016 and down slightly from 16.8 million in April 2017.
  • Retail sales are expected to account for 80.5 percent of volume in May 2017, slightly up from 78.9 percent in May 2016.

General Motors Stands to Gain Share; Hyundai-Kia Expected to See One of Largest Declines in April 2017

General Motors is poised to gain market share in May 2017 with growth driven by its SUVs, specifically the new GMC Acadia and Buick Envision.  In fact, GM could see its SUV sales volume increase by more than 15 percent, which would offset any potential declines from its car and pickup truck models.

HyundaiKia could see one of the largest declines in May, with volume expected to drop more than 4 percent year-over-year.  The company still faces challenges regarding the shifting demand toward SUVs, and compared to the other major manufacturers, Hyundai-Kia has the highest sales mix of cars at 69 percent, while the industry average sits at 37 percent.


Sales Volume 1


Market Share 2


Manufacturer


May-17


May-16


YOY %


May-17


May-16


YOY %

General Motors (Buick, Cadillac, Chevrolet, GMC)

248,000

240,450

3.1%

16.3%

15.8%

0.5%

Ford Motor Company (Ford, Lincoln)

232,000

234,748

-1.2%

15.2%

15.4%

-0.2%

Toyota Motor Company (Lexus, Scion, Toyota)

220,000

219,339

0.3%

14.4%

14.4%

0.0%

Fiat Chrysler (Chrysler, Dodge, FIAT, Jeep, RAM)

187,000

194,720

-4.0%

12.3%

12.8%

-0.5%

American Honda (Acura, Honda)

148,000

147,108

0.6%

9.7%

9.7%

0.0%

Nissan North America (Infiniti, Nissan)

135,000

133,496

1.1%

8.9%

8.8%

0.1%

Hyundai-Kia

128,000

133,932

-4.4%

8.4%

8.8%

-0.4%

Volkswagen Group (Audi, Volkswagen, Porsche)

54,000

52,085

3.7%

3.5%

3.4%

0.1%

Subaru of America

56,000

50,083

11.8%

3.7%

3.3%

0.4%


Total 3

1,525,000

1,522,143

0.2%



1

Historical data from OEM sales announcements



2

Kelley Blue Book Automotive Insights



3

Includes brands not shown

Sales Mix of Cars Down 3 Percent Year-Over-Year; Compact SUVs Gain Nearly One Point of Share

Yet again, there is a clear divide in the market between cars and light trucks, and in May, Kelley Blue book anticipates the sales mix of cars to reach 38 percent, down 3 percent year-over-year.  While SUV segments continue to see the most significant gains, full-size trucks are expected to increase market share by 0.5 percent in May, though deeper discounts and incentives are partially responsible for the growth.

“Consumers are continuing to defect from the mid-size car segment at a rapid pace,” said Fleming.  “Most commonly, they are turning to the compact SUV/crossover segment.  As such, Kelley Blue Book expects mid-size cars to lose more than one point of share in May, while compact SUVs are expected to pick up nearly one point of share.”


Sales Volume 1


Market Share


Segment


May-17


May-16


YOY %


May-17


May-16


YOY %

Compact SUV/Crossover

275,000

264,543

4.0%

18.0%

17.4%

0.7%

Compact Car

206,000

216,046

-4.6%

13.5%

14.2%

-0.7%

Mid-Size SUV/Crossover

189,000

172,183

9.8%

12.4%

11.3%

1.1%

Full-Size Pickup Truck

187,000

179,319

4.3%

12.3%

11.8%

0.5%

Mid-Size Car

174,000

196,573

-11.5%

11.4%

12.9%

-1.5%


Total 2

1,525,000

1,522,143

0.2%



1

Kelley Blue Book Automotive Insights



2

Includes segments not shown

There are 25 sales days in May 2017, compared to 24 sales days in May 2016.  All percentages are based on raw volume, not daily selling rate.  

To discuss this topic, or any other automotive-related information, with a Kelley Blue Book analyst on-camera via the company’s on-site studio, please contact a member of the Public Relations team to schedule an interview.

For more information and news from Kelley Blue Book’s KBB.com, visit www.kbb.com/media/, follow us on Twitter at www.twitter.com/kelleybluebook (or @kelleybluebook), like our page on Facebook at www.facebook.com/kbb, and get updates on Google+ at https://plus.google.com/+kbb.

About Kelley Blue Book (https://www.kbb.com/)
Founded in 1926, Kelley Blue Book, The Trusted Resource®, is the vehicle valuation and information source trusted and relied upon by both consumers and the automotive industry.  Each week the company provides the most market-reflective values in the industry on its top-rated website KBB.com, including its famous Blue Book® Trade-In Values and Fair Purchase Price, which reports what others are paying for new and used cars this week.  The company also provides vehicle pricing and values through various products and services available to car dealers, auto manufacturers, finance and insurance companies, and governmental agencies.  Kelley Blue Book Co., Inc. is a Cox Automotive™ brand.

About Cox Automotive
Cox Automotive Inc. is transforming the way the world buys, sells and owns cars with industry-leading digital marketing, software, financial, wholesale and e-commerce solutions for consumers, dealers, manufacturers and the overall automotive ecosystem worldwide. Committed to open choice and dedicated to strong partnerships, the Cox Automotive family includes Autotrader®, Dealer.com®, Dealertrack®, Kelley Blue Book®, Manheim®, NextGear Capital®, vAuto®, Xtime® and a host of other brands. The global company has 33,000 team members in more than 200 locations and is partner to more than 40,000 auto dealers, as well as most major automobile manufacturers, while engaging U.S. consumer car buyers with the most recognized media brands in the industry. Cox Automotive is a subsidiary of Cox Enterprises Inc., an Atlanta-based company with revenues exceeding $20 billion and approximately 60,000 employees. Cox Enterprises’ other major operating subsidiaries include Cox Communications and Cox Media Group. For more information about Cox Automotive, visit www.coxautoinc.com.

 

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SOURCE Kelley Blue Book

Global Bicycle Carbon Frames Market – Analysis, Technologies & Forecasts to 2021 – Research and Markets

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Global Bicycle Carbon Frames Market – Analysis, Technologies & Forecasts to 2021 – Research and Markets

PR Newswire

DUBLIN, May 24, 2017 /PRNewswire/ —

Research and Markets has announced the addition of the “Global Bicycle Carbon Frames Market 2017-2021” report to their offering.

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The global bicycle carbon frames market to grow at a CAGR of 27.10% during the period 2017-2021.

The report, Global Bicycle Carbon Frames Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

One trend in market is emergence of handmade carbon frames. In small steps, the entire frame layup is done by a single person while in bigger units, a specific layup is set for a specific portion of the frame. It is then passed to the next person in the production line to layup the other parts and is then placed in the final mold for curing. The post-cure processes, such as cleaning and painting, also need manual supervision.

According to the report, one driver in market is declining price of production of carbon fibers. Earlier, the large-scale production of carbon fibers was challenging, which led to the high price of these materials. However, the advancements in technology have led to a prototype injection molding for continuous fiber. Continuous fiber-reinforced composite structures are saturated with a very low viscose plastics matrix. Monomers get polymerized as these have short molecular chain and low viscosity. This helps in increasing the viscosity of the reactive plastic matrix. The displacement of the structural form leads to the wetting down of the fiber structure. This process helps in making fiberglass-reinforced polyamide that is useful in making carbon frames. The innovative production methods and improved technologies lead to a decline in the price of carbon fibers. Carbon composites are increasingly becoming efficient and cost effective due to the improving technologies used to process such materials.

Key vendors

  • Battaglin Cicli
  • CKT
  • Giant Manufacturing (Giant)
  • Fuji Bikes
  • Ritchey Design

Other prominent vendors

  • Viner Settanta
  • Pinarello
  • nüd Bicycles
  • Specialized Bicycle Components
  • TI Cycles (TI)

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Geographical segmentation

PART 07: Decision Framework

PART 08: Drivers and challenges

PART 09: Market trends

PART 10: Vendor landscape

PART 11: Key vendor analysis

PART 12: Appendix

For more information about this report visit http://www.researchandmarkets.com/research/nqjg9q/global_bicycle

Media Contact:

Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-bicycle-carbon-frames-market—analysis-technologies–forecasts-to-2021—research-and-markets-300463339.html

SOURCE Research and Markets

Sherwood Ford provides local car shoppers with a variety of online research tools

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Sherwood Ford provides local car shoppers with a variety of online research tools

Drivers can research the latest 2018 and 2017 Ford models on Sherwood Park dealership website

PR Newswire

SHERWOOD PARK, Alberta, May 24, 2017 /PRNewswire-iReach/ — When shopping for a new vehicle, drivers can visit Sherwood Ford’s website for detailed information about the latest Ford model lineup. The dealership provides shoppers with a multitude of model information pages on each vehicle of the lineup as well as comparisons to top market competitors. 

Each month Sherwood Ford adds to its library of model information offering specific information on trim levels, new features and updated models. Throughout the month of May, the dealership has added research pages for the 2018 Ford Expedition, 2017 Ford Super Duty and even a page on the upcoming 2018 EcoSport. 

On its new research page for the Ford Expedition, Sherwood Ford highlights the 2018 model’s new design, enhanced safety features and added technologies for connectivity such as wireless charging and a Wi-Fi hotspot. The page also touches on the SUV’s strengthened engineering that provides more capabilities and flexibility. View the complete page here. 

Comparing the Super Duty to the Nissan Titan XD, Sherwood Ford provides car shoppers with a new perspective on each models’ capabilities. The powertrain and towing capacities of each model are presented to shoppers for review as well as the added features of each that complete a driving experience. View the complete page here.

Helping drivers research upcoming models as well as current releases, the dealership’s 2018 EcoSport page presents the connectivity, performance and design features fans will find on the model once it’s released. The compact’s SYNC 3 infotainment system, EcoBoost engine and over 30 storage compartments are all mentioned as is the model’s new safety features. View the complere page here.

For more details about the models featured in Sherwood Ford’s research pages, the dealership may be contacted at 780-417-2985. Car shoppers can also view the dealership’s research pages on its website and schedule a test drive with the vehicle that interests them most. 

Media Contact:Kurtis Hicks, Sherwood Ford, 780-449-3673, khicks@sherwoodford.ca

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SOURCE Sherwood Ford