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Category Archives: economy
US Construction Spending For November 2022 Flat
Construction, aside from being an indicator of the overall health of the US economy, is particularly important to automakers with a substantial stake in the highly profitable pickup truck segments at the Detroit Three – General Motors with Chevrolet and GMC; FCA with Ram; and Ford Motor with F-series. While the Biden administration recovery is continuing, The Federal Reserve interest hikes appear likely to send the US economy into an unneeded and unwanted recession. Continue reading
Significant 2022 Automotive Stories and Trends
With that in mind, here’s our latest takes on the 2022 annum of automobility, from autonomous and electric vehicles needed to foil planet-killing global warming, to driving caused deaths, to trade, tariffs, allies and, alas, the still ongoing threats from American fascism and racism that are opposing our collective growth. We undertake this with an awareness that AutoInformed conducts its education in public with our deficiencies apparent. We begin our annual taking stock with comments on significant automotive stories of 2022 as we look to endure another year of plagues – covid variants, political insurrections, social unrest and others to come. Continue reading
US Recovering from Covid. Greenhouse Gasses a Problem
This is an important report for policy makers and the rest of us because Transportation accounted for 8.4% of the US gross domestic product in 2021, up from 7.7% in 2020, but down from 9.1% percent in 2019. During 2021, the wholesale and retail trade sector continued to require more transportation services than any other sector to produce one dollar of gross output. Continue reading
Japanese Global Sales Weak in November. China is a Disaster
The global sales results of major Japanese automakers just released for November of 2022 show weakness and an uncertain outlook for 2023. The world’s largest car market, China, as well Putin’s war against Ukraine are major culprits. This in our view significantly clouds the outlook for 2023. However, Toyota Motor is showing resilience to the sales flu thus far as winter sets in. Continue reading
More Fuel Cell Vehicles from CJPT
Since it was founded in April 2021 by Toyota, Hino and Isuzu Motors, CJPT’s goal was “to enable technology development for commercial vehicles by considering initiatives at logistics sites to contribute to achieving a carbon neutral society and reduce the burden on drivers and workers by accelerating the use of autonomous vehicles and systems.” Continue reading
December US Sales Up. Transaction Prices at Record Highs
Total new-vehicle sales for December 2022, including retail and non-retail transactions, are forecast to reach 1,254,700 units, a 5.3% increase from December 2021, according to a joint forecast from J.D. Power and LMC Automotive.* December 2022 has the same number of selling days as December 2021. The record transaction prices means that buyers are on track to spend nearly $48.2 billion on new vehicles this month, a slight -0.3% decrease from December 2021. Continue reading
EPA Final Heavy-Duty Truck Standards Released, Well, Finally
The new standards are long overdue. They are the first update to clean air standards for heavy duty trucks in more than 20 years. EPA says they are more than 80% stronger than current standards. Continue reading
US Wholesalers at $9671 Billion Post 20% Increase in 2021
The latest data along with plummeting fuel prices and decreasing inflation are evidence that the Biden Administration economic program is producing promised results in spite of ongoing Republican opposition. In fact, some maintain that the Democrats are now the party of business after the disastrous Trump years. Continue reading
EPA Automotive Trends – 2021 Fuel Economy at Record High. Emissions at Record Low.
Without question advancements in technology and government regulations are prodding industry to reach these carbon reduction achievements. In model year 2021, hybrid vehicles reached a new high of 9% of all production. These vehicles can use a larger battery to recapture braking energy and provide power when necessary, allowing for a smaller, more efficiently operated engine. Continue reading
November Global Light Vehicle Selling Rate Lessens
In crude registration terms, November rose 3.2% YoY (year-on-year) to 7 million units. The year-to-date (YTD) figure now stands at under 1% below the corresponding period in 2021, though this is a weak base for comparison., LMC noted. China’s market decelerated sharply in November. In YoY terms, sales fell by 7% in November, ending five straight months of strong rebound. North America and Europe are still struggling YTD as supply-side factors continue to hamper sales. Continue reading
US Airlines Add Jobs for 18th Consecutive Month of Growth
Scheduled US passenger airlines added 3398 full-time equivalents* in October for 18th consecutive month of job growth, the USDOT Bureau of Transportation Statistics said today as the Biden Administration economic recovery continued. Continue reading
Biden Admin Making American Manufacturing Great Again
It is the latest fulfillment of the Biden Administration’s pledge to protecting American jobs, as well as the Constitution, in stark contrast to the last mis-administration. In Michigan, the Department of Energy also launched next steps in the Battery Workforce Initiative (BWI), a program geared toward supporting workforce training for good clean energy manufacturing jobs and the development of strategies to bring supply chains back home from overseas. Continue reading
Posted in economy, environment, global warming, milestones, news analysis
Tagged Advanced Technology Vehicles Manufacturing, auto industry commentary, autoinformed.com, Battery Workforce Initiative, doe, DOE Loan Programs Office, General Motors’ Ultium Cells, Jennifer Granholm, Julie Su, Ken Zino
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November US Light Vehicle Sales Up. Uncertainty Remains
General Motors led the market, with a 17.6% share, 2.4 pp ahead of Toyota Group. Stellantis saw the largest YoY decline of the major automakers, down by 13.2% YoY. Honda Group continued to struggle with a -6.1% YoY drop. Continue reading
Posted in economy, news analysis, sales
Tagged auto industry commentary, autoinformed.com, David Oakley, Jeff Schuster, Ken Zino, lmc automotive
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General Motors Posts US Sales Leadership for 2022
General Motors (NYSE: GM) said today that GM and its dealers delivered 2.8 million vehicles in the U.S. in 2022 (+3%), leading the industry in total sales. GM also claimed that it extended its leadership in key market segments including full-size pickups and full-size SUVs.
Industry sales results will be forthcoming during the next couple of days, which will allow for a more nuanced analysis. Continue reading →