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Category Archives: marketing
BMW Group – Good Q1 Earnings on Slight Sales Increase
The BMW Group said today in Munich that during Q1 of 2024 it delivered 594,533 automobiles. This means, the company posted a tiny increase of 1.1% compared to the previous year. Throughout the three-month period, the major automotive markets largely showed an upward trend based on pent up demand and increased sales in the mid-price volume segment. Continue reading
Annals of Marketing – Audi Electric Mountain Bike
Audi of America said this morning that it will increase its range of e-mobility products with the launch of a limited-edition enduro-style electric pedal assist mountain bike – dubbed eMTB – powered by Fantic. It becomes available through Audi Genuine Accessories by the summer of 2024. The Audi eMTB has livery said to be inspired by the design of Audi’s electrified Dakar Rally-winning RS Q e-tron race car. Audi eMTB at ~$9795 comes from a deal with Italian motorcycle and e-bike manufacturer Fantic based upon its XEF 1.9 Factory enduro e-bike. Continue reading
Posted in alternative fuels, electronics, environment, marketing, milestones, mobility company, transportation
Tagged Audi Electric Mountain Bike, Audi eMTB, Audi Genuine Accessories, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Fantic XEF 1.9 Factory enduro e-bike, Ken Zino
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The 2025 Genesis SUV – $57,700 to $79,300
“The 2025 GV80 brings a new level of elevated cabin experience to the Genesis SUV lineup, making all occupants feel like honored guests,” said Claudia Marquez, chief operating officer of Genesis Motor North America. “Its new 27-inch widescreen display and array of new interior colors, materials, and finishes introduce an even greater sense of elegance to GV80.” Continue reading
April 2024 US Vehicle Sales Drop Slightly
“Calendar effects meant that it was always going to be challenging to match last year’s sales in April. However, with replenished inventory levels helping the market to recover a year ago, the industry is now facing a higher bar in order to keep growing,” said David Oakley, Manager, Americas Sales Forecasts, GlobalData. Continue reading
Mercedes-Benz Q1 2024 Profit Drops 25% as Sales Slump
Mercedes-Benz Group AG (MBG.DE) has reported Group Earnings Before Interest and Taxes (EBIT) of €3.9 billion (Q1 2023: €5.5 billion) a surprising drop of -25% but in line with struggles at European-based Volkswagen Group and Stellantis. Continue reading
Posted in auto news, economy, electric vehicles, financial results, marketing, news analysis, results, transportation
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Daimler Truck, EV transition issues, G-Class, Ken Zino, Mercedes-Benz Cars, Mercedes-Benz Q1 2024 financial results
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April US New Vehicle Sales Flat as Trade-in Values Drop
Total new-vehicle sales for April 2024, including both retail and non-retail transactions, are estimated to reach 1,304,600 units, a 0.9% decrease from April 2023 on a selling day adjusted basis, according to a joint forecast from J.D. Power and GlobalData.* … Continue reading
Posted in auto news, economy, manufacturing, marketing, news analysis, sales
Tagged April 2024 vehicle sales forecasts, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Elizabeth Krear, GlobalData, j.d power, Jeff Schuster, Ken Zino, Thomas King
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Ford Motor Posts Q1 2024 Net Income of $1.3 Billion
Ford Motor (NYSE: F) late yesterday posted weak 2024 Q1 operating results of $42.8 billion in revenue (+1.3B YoY), net income of $1.3 billion (-1.1%), and adjusted EBIT of $2.8 billion (-6%) as global sales dropped 11,000 vehicles to 1,045,000. Ford nonetheless declared a second-quarter regular dividend of 15 cents per share, payable 3 June to shareholders of record at the close of business on 8 May 2024. Continue reading
Toyota Tacoma Pickup Adds First Hybrid Powertrain in 2024
The all-new 2024 Tacoma with i-FORCE MAX models are expected to arrive at Toyota dealerships later this Spring. The Manufacturer’s Suggested Retail Price (MSRP) starts at $46,300 for the TRD Sport grade, excluding delivery processing and handling. Continue reading
Posted in auto news, electric vehicles, marketing, milestones, new vehicle, performance
Tagged 2024 Toyota Tacoma mid-size pickup, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, i-FORCE MAX hybrid powertrain, i-FORCE Max TRD Off-Road, Ken Zino
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EV Grumblings – 2025 Toyota Camry Will Be Hybrid Only
The 2025 Toyota Camry sedans are expected to arrive at Toyota dealerships in late spring 2024 with a starting Manufacturer’s Suggested Retail Price (MSRP) of $28,400* – more than $400 less than the outgoing Camry Hybrid base grade and includes more standard features. It is a formidable entry in AutoInformed’s view. Continue reading
March 2024 Global Light Vehicle Sales Effectively Flat
The Global Light Vehicle (LV) selling rate stood at 85 million units/year in March, roughly the same with February 2024, according to numbers and analysis released by the GlobalData* consultancy. Worldwide, 8.0 million vehicles were sold last month, a 2% … Continue reading
EV Grumblings – Ford Cuts 2024 F-150 Lightning Prices
Ford Motors (NYSE: F) said today that online orders are open for the 2024 Ford F-150 Lightning trucks, now shipping from the Rouge Electric Vehicle Center. In January Ford dropped a shift at Rouge because of weak demand for the Lightning, the top-selling electric pickup in the US. Competition is reducing demand and trimming margins. The previously announced MSRP of the 2024 F-150 Lightning is being reduced. The so-called F-150 Lightning Flash™, is now available with a starting MSRP under $70,000, and comes with an extended-range battery. Continue reading
New Grille and Battery for 2025 Mercedes-Benz EQS
Mercedes‑Benz said today that the EQS Sedan for 2025 model year has numerous upgrades with a new larger 118-kWh battery for increased electric range, a front fascia with a new grille and the Mercedes-Benz standing star on the hood, as well as new standard and optional equipment. The 2025 Mercedes-Benz EQS Sedan arrives at U.S. dealerships later in 2024. The EQ brand is all electric, of course. The EQS SUV is a two- or three-row large vehicle produced at the Mercedes-Benz plant in Tuscaloosa, which is currently, so to speak, experiencing labor issues. Continue reading
March Western European Passenger Vehicle Sales Up. But…
The Western Europe passenger vehicle (PV) selling rate slipped backwards in March, to 11.3 million units/year, with 1.3 million vehicle registrations, according to the respected GlobalData* consultancy. This is 2.5% below March of 2023. However, year-to-date (YTD) sales increased by … Continue reading
Posted in auto news, economy, manufacturing, marketing, new vehicle, news analysis, results
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, GlobalData, Ken Zino, March EU passenger vehicle sales, March Western European Passenger Vehicle Sales
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Toyota Motor Posts Record FY24 Net Income of $39.1B
“We faced many challenges, including those posed by COVID-19 and production restrictions due to tight semiconductor supplies, but the results showed the efforts of each front-line employee, including those of our suppliers and dealers, each recognized what they needed to do and acted accordingly, and a management structure and profit structure that was built to be resilient to crises,” said Koji Sato, president. Continue reading →