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Category Archives: economy
Significant 2023 Automotive Stories and Trends
Our aspirations of becoming a more useful part of our society comprised of “We the People” is under daily news-cycle assault with an insurrection of can’t do characters and their apologists and power-hungry enablers who are our enemies within. They are the greatest threat to our upwardly mobile, inclusive democratic society. These illiterate book banners and burners are threatening our genuine American optimism and can-do past that still propels the best of us to keep moving forward with or without drums and fifes. Continue reading
Posted in auto news, AutoInformed Editorial, connected vehicles, economy, electric vehicles, energy, environment, fuel economy or emissions, global warming, people, public health, transportation
Tagged 1776, American optimism and can-do spirit, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Declaration of Independence, Ken Zino, significant automotive stores and trends of 2023, the American dream, The US Constitution
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Nissan Motor Global Production up 27% in November
Nissan Motor said today in Yokohama that global production of passenger and commercial vehicles in November surpassed year-earlier results by 27.4% (317,233). Production in Japan also rose Year-over-Year (YoY) by 21.3 % (68,683). Furthermore production outside Japan rose YoY by 29.2% (248,550). In the US production during November at 48,056 was up +16.8%. Continue reading
Honda Motor November 2023 Global Production up 27%
Honda Motor said today in Japan that global production in November rose more than 27% at 414,429 vehicles when compared year-over-year (YoY). It was the third straight month of global increases. Continue reading
Honda, Mitsubishi, Tokuyama Studying Fuel Cell Recycling
Honda Motor, Tokuyama Corp., and Mitsubishi Corp. will run a joint demonstration to operate a data center using by-product hydrogen and a stationary fuel cell (FC) power station. It will reuse FC systems from fuel cell electric vehicles (FCEVs). Project Members will explore the potential of reusing automotive FC systems in a stationary application. The objective of the Demonstration Project is to reduce the economic liability on customers installing and operating stationary FC systems, which will contribute to the decarbonization of electric power. Continue reading
Posted in alternative fuels, auto news, autonomous vehicles, economy, electric vehicles, engineering, environment, fuel economy or emissions, global warming, milestones, news analysis, public health, transportation
Tagged auto industry commentary, autoinformed.com, automated driving, automotive blog, Automotive news and analysis, FCEVs, Generative AI, honda, Ken Zino, large-volume data processing, NEDO, New Energy and Industrial Technology Development Organization, recycling fuel cell systems, Tokuyama Mitsubishi
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Bidenomics – People Spend Record $578B on New Vehicles
“December results cap off the year with a strong performance, illustrated by double-digit year-over-year sales growth and the second-highest consumer expenditure on new vehicles ever recorded for the month. Total sales of just under 15.5 million for 2023, represent a significant increase of 12.8% from 2022, when just 13.7 million vehicles were sold. What’s even more noteworthy is that consumer expenditure on new vehicles in 2023 set a record of $578 billion. This is the third consecutive year in which U.S. consumers spent more than half a trillion dollars buying new vehicles,” said Thomas King, president of the data and analytics division at J.D. Power. Continue reading
Posted in auto news, economy, marketing, news analysis, people, results, sales
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Biden Administration economic recovery, December 2023 US vehicle sales forecast, GlobalData, j.d power, Ken Zino, Thomas King
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November 2023 EU Car Market Grows on Mixed Results
In November 2023, the EU’ car market grew by 6.7%, according to data just released by ACEA.* This was the sixteenth consecutive month of expansion. There were substantial double-digit gains in some markets, including two of the largest: Italy (+16.2%) and France (+14%).
However, the German car market retracted, recording a -5.7% decline compared to November 2022, which provided a small base line for comparison across the EU. Overall new car registrations were +6.7% in November; with a battery electric market share at 16.3%. Eleven months into 2023, new car registrations increased by 15.7%, reaching nearly ten million units. With the exception of Hungary, all EU markets grew during this eleven-month period. The four largest markets contributed to this trend: Italy (+20%), Spain (+17.3%), France (+16.2%), and Germany (+11.4%). Continue reading
Forecast is Finally Normal for 2024 US Auto Market
“Our research suggests that Americans are putting more emphasis on buying/owning personal transportation, in contrast to 2018 and 2019, when consumers put a higher value on “access to transportation,” said Jonathan Smoke Cox Automotive Chief Economist. “And after tumbling in 2021 and 2022, satisfaction with the car buying process is expected to improve in the year ahead, thanks in part to better inventory and the return of discounting, but also from improved processes at the dealership that save time and make car buying more efficient.” Continue reading
November Global Light Vehicle Sales at 94,000,000 Annually
“US sales were helped by agreements being settled between the Detroit 3 OEMs and the UAW, ending the strikes, along with increased incentives during Thanksgiving and Black Friday. China’s market in November also benefited from heavy incentives and discounts by OEMs and dealerships. Meanwhile, European regions continued their recovery. With supply constraints fading, adverse macroeconomic headwinds are a concern heading into 2024,” according to the GlobalData Light Vehicle Sales Forecasting Team. Continue reading
CHIPS and Science Act Phase 2 – Growth and Defense
The project will replace aging tools and quadruple the production of chips necessary for critical defense programs, including the F-35 fighter jet program. This begins of the next phase of implementation of the CHIPS and Science Act, a critical part of President Biden’s Investing in America agenda that supports a strong national defense and a growing American economy. Continue reading
Posted in aviation, economy, electronics, engineering, manufacturing, news analysis, people
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, BAE Systems, Biden-Harris Administration, CHIPS and Science Act, CHIPS Incentives, Ken Zino, Secretary of Commerce Gina Raimondo, semiconductors
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Michigan State Fleet – All to be Zero-Emission Vehicles
“Michigan automakers are on the cutting-edge of the world’s switch to zero emission vehicles, and with today’s executive directive to transition our state-owned fleet by 2040, the State of Michigan is leading by example,” said Governor Whitmer. “Getting this done will help drive demand of Michigan-made electric vehicles, lower gas and maintenance costs for the state since ZEVs cost far less to fuel and maintain and reduce air and noise pollution in our communities.” Continue reading
Posted in economy, electric vehicles, energy, environment, fuel economy or emissions, global warming, milestones, news analysis, people, public health
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Governor Gretchen Whitmer UAW, Ken Zino, noise and air pollution, Shawn fain, Zero-emission vehicles
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US Light Vehicle Sales up Again in November 2023
US Light Vehicle (LV) sales grew by 8.5% year-on-year (YoY) in November, to 1.22 million units, according to preliminary estimates from the respected consultancy GlobalData.* The daily selling rate was estimated at 48,900 units/day in November, compared to 48,200 units/day … Continue reading
Volkswagen Raises Pay of US Plant Workers to Resist UAW
Volkswagen of America said today it will increase the pay of its non-union Chattanooga assembly plant workers by 11%. In what is clearly a defensive move against the reformed and increasingly successful United Auto Workers union in the US, which … Continue reading
Toyota North America December 2023 Sales Up 7%
Toyota Motor North America (NYSE:TM) today reported year-end 2023 total US sales of 2,248,477 Toyota and Lexus brand vehicles, an increase of 6.6% on a volume basis or 7% on a daily selling rate (DSR) basis when compared to 2022. … Continue reading →