HyreCar Inc, the carsharing marketplace for ridesharing, announced preliminary results for the fourth quarter ended Dec. 31. Fourth quarter revenues are expected to be between $4.6 million to $4.8 million, and the number of rental days, that grew each month throughout the quarter, should be approximately 190,000 for the quarter.

“We exceeded all of our expectations in the fourth quarter even as we continued to improve and expand every aspect of our partnerships and platform,” said Joe Furnari, CEO. “In addition to higher revenues, as our commercial initiatives accelerated car supply in key markets, utilization of these cars continues to grow and retention of cars, drivers and vehicle owners has increased during the quarter.”

Hyundai Motor America reported total December sales of 64,720 units, a slight 1 percent decrease in comparison with December 2018. The month was highlighted by strong demand for Palisade, a significant increase in Elantra sales and building sales volume for the all-new marquee 2020 Sonata. Hyundai again achieved sales growth while reducing its dependency on fleet sales, which were down 27 percent on the month.

For the year, Hyundai sold 688,771 vehicles, the best calendar year total sales since 2016. The total year sales results were a 3 percent volume increase, while retail sales were up 5 percent. Hyundai SUVs set an all-time annual record with 368,160 units sold, a 20 percent increase compared with 2018. SUV sales represented 53 percent of total sales, the highest SUV mix in Hyundai history, up from 46 percent last year. Santa Fe (up 9 percent), Ioniq (up 30 percent) and Kona (up 56 percent) all established new annual sales records.

Hyundai’s retail sales increased 9 percent in December.

 

ACERTUS, a tech-enabled automotive logistics and services company, announced that 2019 was a record year for vehicles delivered via their Last-Mile Delivery service, resulting in a 53 percent increase over the prior year.

“The increased demand for our home delivery service is evidence that automotive retailing is in the midst of a paradigm shift,” says William Billiter, ACERTUS co-founder and CEO. “Digitization is revolutionizing car sales and service: consumers have unparalleled access to inventory, more transactions are happening online, and there is an expectation for faster fulfillment. Dealers are then left with the challenge of how to move more product faster and upshift customer experience. ACERUTS helps meet this demand of speed and service through our last mile offering.”

This announcement comes at the start of a year when online car sales are anticipated to surpass one million and grow to more than six million by 2025 according to research conducted by Frost & Sullivan. Consequently, last mile logistics will continue to be a core focus of change for the automotive industry in the coming year and decade.

Porsche Sales Rise

January 08, 2020

Porsche Cars North America, Inc. announced December retail sales rose 15.8 percent from a year ago to 4,733 vehicles. For the full year, the total was 61,568 or a gain of 7.6 percent from 2018 – marking 10 consecutive years of annual growth.

The record goes hand-in-hand with new highs in customer experience. For the first time, Porsche ranked No.1 in two key J.D. Power Studies in the same year: the 2019 Customer Service Index and 2019 Sales Satisfaction Index.

December retail sales were led by the Cayenne, up 7.2 percent from a year ago, and the Macan, which gained 24.5 percent in the same period. The Panamera also enjoyed year-end demand, gaining 78.3 percent in December from the same month last year.

Porsche Approved Certified Pre-Owned sales in the U.S. totaled 2,681 vehicles in December, up 17.7 percent year-over-year. For 2019, CPO sales were up 8.9 percent with 25,102 deliveries.

Mitsubishi Motors North America, Inc. announced it closed the 2019 calendar year with its best annual sales performance since 2007.

With 121,046 vehicles sold, total calendar year 2019 sales represented an increase of 2.5 percent over 2018. This performance marks the seventh consecutive year of annual sales increases for the brand, and the third-straight year of sales over 100,000 vehicles.

In December, MMNA recorded sales of 9,915 units, up 10.3 percent over December 2018.

During 2019, MMNA completed the relocation of its U.S. corporate headquarters from Cypress, Calif., to Franklin, Tenn.

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