The Strategist

Tesla Celebrates Triumph in Sales

04/04/2016 - 15:50

Car sales in the US in March 2016 fell to their lowest since February 2015, that is, 16.57 million, based on the annual rate, according to Autodata Corp. Experts interviewed by Bloomberg had average forecast for sales at the level of 17.3 million in annual terms. At the same time, Tesla received 276 thousand pre-orders for electric car Model 3 just in three days.

Jeff Cooper (jecoopr) via flickr
Jeff Cooper (jecoopr) via flickr
Three major US automakers - Ford, General Motors and Fiat Chrysler - did not meet forecasts for auto sales. At that, Toyota Corp. unexpectedly recorded a decline.

Ford and General Motors Company sales increased respectively by 7.8% and 0.9% in annual terms against the expected 9.4% and 6%.

Ford sold 253.1 thousand cars. F-series pickups set a historical sales record in March, and Ford’s offroadsters last month brought best results since 2001.

General Motors sales totaled 252.1 thousand cars. GM retail sales were up 5.9%, which offset the 33%-drop in sales to companies engaged in cars hiring.

Fiat Chrysler Automobiles, the third US automaker by market share, recorded a sales growth of 8.1% to 213.2 thousand in March. Recall that analysts had expected growth of 13.9%. Jeep SUV sales rose 15%, and the brand in general has been capturing the annual increase in sales during 30 months in a row.

Toyota sales fell unexpectedly by 2.7% to 219.8 thousand. Experts forecasted an increase of 5.6%.

Against the background of the scandal with diesel engines, Volkswagen sales declined in March by 3.9%, while the supply of own-brand VW cars fell by 10%. 

Sales of the Japanese Nissan, on the other hand, exceeded forecasts. Last month, the company sold 163.6 thousand cars, having registered an increase of 12.7% instead of the expected 10.6%.

The company Tesla received 276 thousand. Pre-orders for electric car Model 3, presented on April 1, reported on his Twitter page head of Tesla Motors Elon Musk. For the first 24 hours after Tesla started taking pre-orders, customers ordered 180 thousand copies of Model 3. An average price of each ordered car, taking into account the options, is about $ 42 thousand. Cost of the model’s basic version is $ 35 thousand. The top modifications will cost about $ 60 thousand. The model’s production will begin at the end of 2017.

An estimated by Kelley Blue Book, the average selling price of cars rose in March at 2% compared with March a year earlier to $ 33.666 thousand.