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Category Archives: prices
June US New-Vehicle Sales Forecast Up Again
“The 2023 theme of strong sales growth, enabled by increased vehicle production and pent-up demand, is continuing in June. On a volume basis, June year-to-date total sales will be just more than 7.6 million units – an increase of 13.6% – but still below pre-pandemic sales levels which were north of 8 million, said Thomas King, president of the data and analytics division at J.D. Power, which is part of GlobalData. Continue reading
April US Light Vehicle Sales up 10%
Average transaction prices are high by historical standards and continued to be up (by 3.6%) YoY in March. However, prices have declined month-on-month (MoM) in each month of 2023, and this trend is expected to have continued in April, with incentives also beginning to creep up. In March, incentives were up by 56.2% YoY, from an extremely low base. Continue reading
Posted in economy, prices, sales
Tagged auto industry commentary, autoinformed.com, Global data, JATO Dynamics, Ken Zino, lmc automotive, oxford economics
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EPA Emergency Order Allows Summer Sale of E15 Gasoline
“This action will provide Americans with relief at the pump from ongoing market supply issues created by Russia’s unprovoked war in Ukraine by increasing fuel supply and offering consumers more choices at the pump. The waiver will help protect Americans from fuel supply crises by reducing our reliance on imported fossil fuels, building U.S. energy independence, and supporting American agriculture and manufacturing. Current estimates indicate that on average, E15 is about 25 cents a gallon cheaper than E10,” EPA said in a press release. Omitted was the fact that ethanol contains less energy by volume than gasoline so mileage decreases. Continue reading
Posted in customer satisfaction, energy, environment, prices, transportation
Tagged auto industry commentary, autoinformed.com, doe, ethanol, Ken Zino, Michael S. Regan, putin, Ukraine
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Mercedes-Benz EQE Priced from +$79,000 in the US
For the first time, the fully variable 4MATIC all-wheel drive system with torque shift in the EQE 350 4MATIC SUV is offered at the same starting price as the EQE 350+ SUV. Mercedes-Benz claimed that this , enhances value for customers for the highest volume model. Each trim has EQ-specific innovative technologies and luxurious features, along with an array of additional options for further personalization. All are built in Tuscaloosa, Alabama.* Continue reading
January US Vehicle Sales Up as Transaction Prices Hit Record
The record transaction prices means that buyers are on track to spend nearly $39.9 billion on new vehicles this month, the highest level ever for the month of January, an increase of 2.4% from January 2022 despite the Federal Reserve’s efforts to send the US into a recession. The looming Republican creation of a depression over the deficit, aka Congressional contract hit on America II, remains ominous. Continue reading
Auto Loan, Lease Total at Record $1.3 Trillion during 2021
“Auto finance growth in 2021 was largely driven by strong – and expensive – used cars, which bolstered originations,” said Marcie Belles, author of the report… “many financiers recorded lower ratios of new cars in their portfolios. Still, origination volume has been nearly restored to pre-COVID levels, and it continues to climb.” Continue reading
Posted in economy, news analysis, prices, sales
Tagged auto industry commentary, autoinformed.com, Big Wheels Auto Finance, Ken Zino, Marcie Belles
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Kia America – EV6 Starts at $33,400 with Taxpayer Funding
The first dedicated Kia battery-electric vehicle comes to the US in a few weeks after a global reveal last March. EV6 goes on sale in all 50 states, but the performance GT version won’t be available until late 2022. So much for Kia’s original positioning as the sporty brand within the Hyundai Korean auto conglomerate. Continue reading
Posted in electric vehicles, marketing, prices
Tagged auto industry commentary, autoinformed.com, Ken Zino, Kia EV6
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US November Light Vehicle Sales Forecast Down Again
“Retail inventory on dealer lots is expected to end below one million vehicles for a fourth consecutive month, with sales in each month being dictated by the number of vehicles delivered to dealerships rather than reflecting actual demand,” said Thomas King, president of the data and analytics division at J.D. Power Continue reading
Posted in economy, news analysis, prices, sales
Tagged auto industry commentary, autoinformed.com, J.D. Power and LMC Automotive, Ken Zino
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Honda, Lexus at Top of ALG Residual Value Awards
Numerous variables, of course, affect the actual residual value of a vehicle over a multi-year lease term, including the former Trump administrations’ inexplicable failure to address the corona virus pandemic, which resulted unnecessary deaths and as well as factory shut downs. Other instances include mileage, quality/reliability, options and feature sets, weather and the macro-economic environment. Continue reading
GMC Shows Sierra Denali Ultimate and AT4X – $$$$$
Just bring money. Base pricing for each trim will be available at reservation. MSRP15, including destination charge, for Denali Ultimate is $80,395, AT4X is $74,995, Denali is $61,295, AT4 is $60,995, SLT is $50,895, Elevation is $45,495, SLE $43,895 and Sierra Pro is $32,495. Full pricing will be announced closer to the start of production. Continue reading
European Light Vehicle Production Tanking
The most recent setback has been the forced closure of semiconductor facilities in Malaysia to contain the latest COVID-19 outbreak, the LMC Automotive consultancy notes. This disaster comes from raw material price increases, semiconductor shortages and bottlenecks in the production of intermediate products. Continue reading
Global Village – Record UK Used Car Prices. Demand High
“It not only marks 66 weeks of consecutive price growth, but a huge acceleration on what is now a comparatively conservative 5.7% increase recorded during the week of 12th April when physical forecourts (dealerships) reopened, ” Auto Trader said. Continue reading
Equivalent Gas Tax or Fee on EVs to Offset Lost Revenue?
CBO said that if Congress were to levy an annual fee on EVs in an amount that is approximately proportionate with the amount paid in gasoline tax? Taking as a starting point an average driver of a light duty passenger vehicle with a gasoline engine, how much revenue could be raised during the next five years? Moreover what percent of the anticipated shortfall in the Highway Trust Fund would that be? Continue reading
New Car Prices Up 34% in last Four Years. UAW Pay 6%
The video also shows that Big Three price gouging, not UAW pay, has been responsible for rising car prices in recent years. Average new car prices went up 34% over the last four years while pay for UAW members rose just 6%. The cost of labor for the Big Three is ~4-5% of total operations. The video notes that Ford, General Motors and Stellantis could double UAW wages, not raise car prices and still make billions of dollars. Continue reading →