Anyone concern with the Genesis Low Sales Figures

[YEH]

Here's another way to look at it.

In January of this year, of the roughly 364,400 new cars sold (not including trucks, SUVs, crossovers, etc.) about 62,200 were in the luxury and large (sedan) segments or 17% of the total cars purchased.

The vast majority of new cars sold were in the small and mid-size segments.

http://online.wsj.com/mdc/public/page/2_3022-autosales.html

Also, the avg. age of an auto still in use is approaching 9 yrs - more and more people are holding on to their autos longer or are buying used vehicles.

 

[Mark_888]

It isn't right to just summarily dismiss the numbers as BS.

Sure it is. For example the Comerica survey only includes vehicles (cars, trucks, SUV's) financed through Comerica Bank. That is not a random statistically valid survey. Adding in the finance costs, or only including MSRP is not accurate (as done in some of the other surveys).

 

[wallymn]

Here's another way to look at it.

In January of this year, of the roughly 364,400 new cars sold (not including trucks, SUVs, crossovers, etc.) about 62,200 were in the luxury and large (sedan) segments or 17% of the total cars purchased.

The vast majority of new cars sold were in the small and mid-size segments.

http://online.wsj.com/mdc/public/page/2_3022-autosales.html

Also, the avg. age of an auto still in use is approaching 9 yrs - more and more people are holding on to their autos longer or are buying used vehicles.

I think fleet age has more to do with fleet quality than anything else. A lot of consumers look at a car as a utility, until it costs more to run than it is worth they don't replace it.

This is the downside to higher quality, less turnover.