-
Recent Posts
- Annals of Marketing – Mercedes-Benz Studio Los Angeles
- GM Posts H1 2026 Earnings of $1.3B. Raises Guidance Again
- IndyCar – Palou Wins at Nashville Superspeedway
- Ford Recalls ~288,000 Explorers for Flying Roof Rail Covers
- First Look – The 2027 Trendsetting Toyota Prius Hybrid
- Volvo Cars Posts Grim Q2 2026 Operating Results
- WEC – Ford Hypercar V8 moves from Dyno to Race Car
- Stellantis Increases EU Registrations during H1 2026
- Gasoline National Average Moves Higher Near $4 Gallon!
- Transportation Costs Rising for Producers. You’ll Pay More Too
- Cut Energy Waste. Save $4.8 Trillion or $31,000 a Household!
- Trump-conomics – Consumer Cost For Transportation up 6.5%
- First look – 2027 Toyota Corolla Hatchback. Unequaled Value?
- Jeep Grand Wagoneer, Grand Wagoneer L Brake Recalls
- Ford Mustang Recalls – Sudden Power Loss, Washer/Wipers
Recent Comments
- Magna International on Magna International Posts Q1 2026 EPS Loss of $0.04
- Council on Foreign Relations on Iran and Strait of Hormuz on AAA – Pump Gasoline Prices Still Soaring
- Autocrat on Stellantis Subordinated Perpetual Hybrid Bonds on Stellantis Posts Full Year 2025 Loss of €22.3B
- Michigan Governor Whitmer on Pew – Confidence in Trump Dips, Fewer Support His Policies
- Porsche Motorsport Daytona Victory on Daytona 24 Hours – Old and New Stars Getting Ready to Run
Archives
Meta
Category Archives: economy
July Manheim Index Show Wholesale Used-Vehicle Prices Up
“In late June, wholesale value declines slowed, and that trend continued throughout July as we saw values appreciate over the course of the month,” said Jeremy Robb, senior director of Economic and Industry Insights at Cox Automotive. “The sales conversion rate has been higher for each week in July, and that translated to higher prices overall at the wholesale level for the month. We are just beginning to see lower lease maturities for the key 3-year-old segment, and that impact will be felt over the rest of this year and into 2025 and 2026. As supply tightens for this key segment for the used vehicle market, we expect to see variances from historical average depreciation rates.” Continue reading
Western European Passenger Car Sales Down in July
The Western Europe passenger vehicle (PV) selling rate dropped in July, at 11.2 million units/year, returning to the levels seen pre-June. PV registrations fell 0.2% YoY to 916,000 units.* “Following an improvement in the selling rate in June, Western Europe … Continue reading
Soothsayer Shortfall – US Light Vehicle Sales Flat in July
US Light Vehicle (LV) sales fell by 0.4% YoY in July, to 1.30 million. When sales contracted in June largely as the result of the CDK cyberattack,* it was expected by industry soothsayers that the market would experience a significant rebound in July. It didn’t happen. According to preliminary estimates released today by the respected GlobalData** consultancy, Light Vehicle (LV) sales fell by 0.4% YoY. Continue reading
Posted in economy, news, news analysis, results, sales
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, CDK, GlobalData, Jeff Schuster, July US Light Vehicle Sales Flat, Ken Zino, national automobile dealers association, Patrick Manzi, X @KenAutoinformed
Leave a comment
EPA – State Fuel Waivers for ExxonMobil Refinery Shutdown
The action comes after progressive Michigan Governor Gretchen Whitmer sent a letter to the EPA, “requesting an emergency fuel waiver that will increase the supply of fuel and help mitigate price fluctuations amidst the refinery outage, the ongoing hurricane season, and as Michiganders continue to enjoy summer travel plans.” Continue reading
Posted in alternative fuels, auto news, economy, environment, news analysis, people
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Ken Zino, Michigan Governor Gretchen Whitmer, reformulated gasoline, reid vapor pressure, X @KenAutoinformed
Leave a comment
Penske Automotive Group Posts Lukewarm Q2 Results
“I am pleased to see that our service and parts business remains strong and contributed to our record total quarterly revenue of $7.7 billion. In addition, our focus on efficiency and controlling costs drove a sequential decline in selling, general, and administrative expenses as a percentage of gross profit by 50 basis points to 70.2%,” said Chair and CEO Roger Penske, which is more or less what he said about Q1 results. Continue reading
Commercial Vehicle Sales Up in EU H1 2024
During the first half of 2024, new EU van sales increased by 15%, at 840,409 units, driven by double-digit growth in key markets, according to data just released by The European Automobile Manufacturers’ Association (ACEA).* “Germany led with a remarkable 19.3% rise, followed by Spain at 18.5%, Italy at 17.8%, and France at 10.5%. New EU truck registrations saw a more modest increase of 3%, at 183,295 units from January to June. This growth was primarily driven by an 18.2% increase in medium-truck sales, while heavy trucks remained stable with a 0.3% increase. Spain and Italy led with double-digit gains of 21.7% and 10.5%, respectively, while Germany (+8.1%) and France (+5.5%) also posted growth,” ACEA said. Continue reading
U.S. FHA – $5B More in Large Bridge Project Awards
“For too long America let bridges fall into disrepair, which left people less safe, disrupted our supply chains, and cost people time and money – but now the Biden-Harris Administration is changing that with the biggest investment in our bridges since the Eisenhower era,” said U.S. Transportation Secretary Pete Buttigieg. “There are currently about 3,000 fewer bridges in poor condition than when our administration began, and today we are proud to announce funding to repair or replace 13 of America’s largest and economically significant bridges.” Continue reading
Posted in auto news, economy, milestones, news analysis, transportation
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Bridge Investment Program, federal highway administration, Ken Zino, Pete Buttigieg, President Biden’s Investing in America agenda, Shailen Bhatt
Leave a comment
Global Light Vehicle June Sales Rate at 89 Million Best in 2024
“Sales accelerated in China last month with the price war continuing, while in the US sales staggered as a result of a cyberattack affecting dealerships. Europe saw a rise in selling rates, thanks to improvements in both East and West Europe. Meanwhile, Japan recorded lagging sales in the face of supply issues and a subdued macroeconomic climate,” said the GlobalData Light Vehicle Sales Forecasting Team. Continue reading
EPA Grant to Holcim U.S. for Clean Cement
In the U.S., Holcim is the largest cement manufacturer and a top five producer of aggregates and ready-mix concrete, with approximately 7000 employees. Holcim’s so-called Environmental Product Declaration (EPD) Accelerator Project will increase the transparency of data on environmental emissions associated with the production of construction materials; generate robust EPDs with a diversity of manufacturers from across the U.S.; and drive market demand for lower carbon construction materials. These projects represent the three construction materials in Holcim’s portfolio: cement, asphalt, and ultra-high-performance concrete. Continue reading
Posted in economy, environment, global warming, manufacturing, milestones, news analysis, public health
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Biden Administration, Clean Cement, ENERGY STAR Industrial program, epa, Federal Buy Clean Initiative, high-quality environmental product declarations EPDs, Holcim U.S., Inflation Reduction Act of 2022, Janet McCabe, Ken Zino, Meg McCollister
Leave a comment
Biden Administration – $1.6B in Semiconductor Manufacturing
The US Department of Commerce today published a Notice of Intent (NOI) to open a competition for new research and development (R&D) activities that it said will establish and accelerate domestic capacity for semiconductor advanced packaging. The CHIPS for America program predicts that up to $1.6 billion in funding will go to five R&D areas. These were first outlined in the vision for the National Advanced Packaging Manufacturing Program (NAPMP). Through potential cooperative agreements, CHIPS for America would make several awards of ~$150 million federal funding per award in each research area. Continue reading
Posted in economy, electronics, manufacturing, milestones, news, news analysis, shows and events, software defined vehicles
Tagged advanced node chips, Arati Prabhakar, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, CHIPS for America, Ken Zino, National Advanced Packaging Manufacturing Program, US Department of Commerce, US Secretary of Commerce Gina Raimondo
Leave a comment
June 2024 U.S. Transportation Sector Unemployment at 4.8%
Unemployment in the transportation sector was higher than overall unemployment. BLS said that the U.S. unemployment rate, not seasonally adjusted, in June 2024 was 4.3% or 0.5 percentage points below the transportation sector rate. Seasonally adjusted, the U.S. unemployment rate in June 2024 was 4.1%. Continue reading
Biden Administration Sets Job Creation Record at 15.7 million
“Too many Americans are still feeling squeezed by the cost of the living. I’m fighting to lower costs by taking on corporate price gouging, capping the cost of insulin and prescription drugs, and calling on Congress to lower rent by building 2 million new homes. Congressional Republicans have a different vision that sides with billionaires and special interests and will supercharge inflation. They’ll impose high consumer tariffs that will cost middle class families thousands of dollars each year, give a giant tax cut to the wealthy, repeal the Affordable Care Act, and allow big corporations to keep ripping off Americans. While they fight for Park Avenue, I’ll keep fighting for working families like the ones I grew up with in Scranton,” said President Biden in a White House statement. Continue reading
Posted in economy, labor issues, news, news analysis, people
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Biden-nomics, Bureau of Labor Statistics, Joseph Biden, Julie Su, June 2024 Unemployment rates, Ken Zino, US June employment report
Leave a comment
CDK Cyberattacks Wound June US Light Vehicle Sales
“Although the industry has become accustomed to dealing with adversity in recent years, the CDK cyberattack was another curve ball that disrupted activity on a number of levels during June. Many dealers that use CDK’s software found it difficult to conduct normal business operations, although reports suggest that workarounds were found in many cases,” said David Oakley, Manager, Americas Sales Forecasts, GlobalData. Continue reading
July 2024 Global Light Vehicle Sales at 91 Million Year’s Best
“Sales in China maintained a solid pace as NEVs sales continue to gain traction. In the US, YoY sales declined as high vehicle pricing and concerns over the economy weighed on vehicle consumers. The same can be said for Western Europe, which saw its selling rate struggle in July. Meanwhile, the Japanese market surged as supply has begun to catch up from the losses created by the previous vehicle certification issues,” the Global Data forecast team said. Continue reading →