Volkswagen of America (VWoA) today reported Q2 2022 sales of 78,281 units, a decrease of 34.4% compered to the same period in 2021. ID.4 sales totaled 1,660 units in Q2. SUVs accounted for 79.3 % of total sales during Q2. The sales disaster went without comment from Volkswagen, which might mirror VW’s sentiments about the American market where it has been struggling for a long time. (Volkswagen Spending $20M on 50-State EV Dealer Fitness) Continue reading
During the second quarter of 2022, BMW brand sales in the U.S. totaled 78,905 vehicles, a decrease of -18.3% from the 94,144 vehicles sold in the record-setting Q2 of 2021. Based on preliminary data, it looks like industry sales will decline ~-20%. (US June Vehicle Sales Forecast is Down on Record Prices)
“We are pleased that demand remains strong, however this quarter was not without its challenges, as our sales were constricted only by the limitations of available inventory,” said Sebastian Mackensen, President and CEO, BMW of North America. Continue reading
Subaru of America, Inc. (SOA) today reported 43,175 vehicle sales for June 2022, a +0.7 % increase compared with June 2021 (42,877). Based on preliminary data, it looks like industry wide sales will decline ~-20%. (see: US June Vehicle Sales Forecast is Down on Record Prices)
Subaru also reported year-to-date sales of 263,795, a -17.9 % decrease compared with the same period in 2021. Subaru said it continues to face inventory challenges as the result of microchip and supply chain issues affecting automakers globally. Continue reading
Hyundai Motor America reported total June sales of 63,091 units, a -12.9% decrease compared with June 2021. June retail sales declined -5.5%. Based on preliminary data, it looks like industry wide sales will decline ~-20%. (US June Vehicle Sales Forecast is Down on Record Prices)
June was the highest sales month in 2022.Hyundai sold 184,191 units in Q2 and 343,867 units during the first half of 2022. Hyundai had no fleet sales in the first half of 2022.
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General Motors (NYSE: GM) said today it sold 582,401 vehicles in the United States in the second quarter of 2022 and the company increased its sales and market share sequentially for the third consecutive quarter. GM’s second quarter sales were down -15% year over year, but market share was up 1 point to an estimated 16.3% , according to J.D. Power PIN data. GM does not report monthly sales data. Based on preliminary data, it looks like industry wide sales will decline ~-20%. (US June Vehicle Sales Forecast is Down on Record Prices)
However, GM outsold Toyota year-to-date at 1,095,247 vehicles to Toyota’s 1,045,697. Toyota is struggling with production because of chip shortages and COVID shut downs, particularly in China. (Toyota Motor North America June US Sales Down -17.9%)
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Toyota Motor North America (TMNA) reported US. sales in June 2022 of 170,155 vehicles, down -17.9% on a volume basis and -21.1% daily selling rate (DSR) basis compared to June 2021. June 2022 sales of electrified vehicles totaled 39,965, or 23.5% of total monthly sales. Based on preliminary data, it looks like industry wide sales will decline ~-20%. ( US June Vehicle Sales Forecast is Down on Record Prices)
“Despite the ongoing inventory challenges, so far this year, we launched a number of highly anticipated new products, including the Toyota battery electric bZ4X, Tundra and hybrid Tundra, and the Lexus LX, while continuing to closely focus on taking care of our customers,” said Jack Hollis, executive vice president, Sales, TMNA. “Later this year, customers can expect even more electrified, refreshed and limited-edition Toyota and Lexus products.” Continue reading
Stellantis N.V. said today it will host the Stellantis Startup Awards on Wednesday 13 July 2022, at 2:30 pm CEST, 8:30 am EDT. The terse statement aimed at investors said, “The digital event will introduce seven key technology partners that will accelerate Stellantis’ transformation into a sustainable, mobility tech company and advance its Dare Forward 2030 ambitions.”
Stellantis, the mega-merger of FCA and PSA, claims it will be “the industry champion in the fight against climate change, reaching carbon net zero emissions by 2038.” The sweeping, difficult plan is aspirational – similar to other global automakers as the deadly effects of climate change worsen. Carlos Tavares, Chief Executive Officer, will share the Company’s latest strategic moves. (AutoInformed Dare Forward 2030 – Stellantis Survival Plan Unveiled. More below.) Continue reading
July 4th 2022: An Unhappy 246th Birthday for Our Democracy
Some of us still aspire to uphold these ideals in their most encompassing sense.
With AutoInformed still reeling from the revelations of the Select Committee to Investigate the January 6th Attack on the United States Capitol, our approach to this Fourth of July is one with a renewed sense of patriotism.
No more sunshine patriot or summer soldier behaviors in these times that try all our souls; Rather we have a renewed commitment to travel the road we set upon 246 years ago when the Continental Congress approved the final wording of the Declaration of Independence on July 4, 1776. Continue reading →