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Category Archives: economy
NADA – Light Trucks Dominating Market
According to J.D. Power, the average transaction price for a new light vehicle in January 2022 is expected to reach $44,905. High transaction prices continue to be supported by strong demand and very low OEM discounting. Average incentive spending per unit in January 2022 should total just $1,319, down by $2,163 from January 2021, J.D. Power says. Continued high demand for used vehicles has increased consumers’ equity in their trades. J.D. Power expects the average consumer trade-in equity to be up by 88% year over year for January 2022. Continue reading
Posted in economy, news analysis, sales
Tagged auto industry commentary, autoinformed.com, Ken Zino, nada, Patrick Manzi
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January 2022 US Sales Off 9%. Chips, Supply Chain Issues Bite
Even with an average $45,000 transaction price squeezing people, retail demand remained the driving force of the market because the wealthy fared very well during the Covid crisis. The Biden Administration’s economic recovery, in AutoInformed’s view, also played a huge roll with its surging job creation and forward thinking Build Back Better strategy universally opposed by the Republicans who are largely responsible for the covid disaster that destroyed the US economy. Continue reading
Posted in economy, news analysis, sales
Tagged auto industry commentary, autoinformed.com, January 2022 US sales, Ken Zino, lmc automotive
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GM Posts Record $10.4B Earnings in 2021
Part of the record results came from execution by an all-star management team of a timely strategy, part from strong demand for what in AutoInformed’s view are the strongest product lines in GM’s history. However, vehicles it sold globally dropped to 6.3 million, -8% from 2020 and a drop of -18% from Covid-free 2019. Continue reading
January US New Vehicle Sales to Decline. Profits, Prices Up
The automotive economy is continuing to grow stronger under the Biden Administration recovery. Consumers will spend ~$37.2 billion on new vehicles this month, the highest on record for the month of January and 10% above January 2020. Continue reading
Posted in economy, sales
Tagged auto industry commentary, autoinformed.com, J.D. Power and LMC Automotive, Ken Zino
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SEMA – 2021 Strong Year for Specialty-Equipment Market
SEMA also reflects the ongoing Biden economic recovery as 2021 was a strong year for the U.S. economy amid record demand and consumer spending. Currently, the automotive industry has 2.91 million employees, only 4% below employment levels from before the pandemic in February 2020, making the automotive industry one of the best recoveries of any sector in the economy. Continue reading
Ford Motor and Stripe Sign E-Commerce Deal
For Ford and Lincoln dealers offering digital payment services today, Stripe’s service is expected to drive offer efficiency into processing of e-commerce payments, such as vehicle ordering, reservations and digital and charging services. Continue reading
Biden Proposes New Clean Energy Policies and Actions on Offshore Winds, Public Lands, Transmission Lines
Build Back Better will, no doubt, continue to be opposed by the Republican party comprised of nope-dopes heavily financed by fossil-fuel and related businesses. Continue reading
NADA Predicts 2022 New-Vehicle Sales of 15.4M, up 3.4%
Whether such long-term predictions are of any use is an open question at AutoInformed given the volatility of the ongoing COVID pandemic. Consider that 2021 closed with new-light vehicle sales of 14.93 million units, an increase of 3.1% compared to 2020’s sales volume of 14.47 million units. However, December 2021’s SAAR totaled just 12.44 million units, a decrease of -23.7% compared to December of 2020. Continue reading
First Place! Toyota Ousts GM as US Sales End 2021 at 14.9m
Overall, US Light Vehicle sales in December fall by 27% YoY, ending a chaotic 2021 at 14.9 million units. LMC noted that even December – traditionally one of the strongest months of the year – flopped and registered the steepest YoY decline of the calendar. AutoInformed notes the rate of change in the Covid infected world is increasingly making traditional long-term based indexes – such as calendar years irrelevant, or even downright harmful indicators for policy makers, businesses and anyone who uses them for planning. Continue reading
Posted in economy, news analysis, sales
Tagged auto industry commentary, autoinformed.com, Ken Zino, lmc automotive
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Significant 2021 Automotive Stories and Trends
With that in mind, here’s our perspective on the last annum, from autonomous vehicles to global warming, to driving high disasters, to trade and tariffs and to the rise of fascism. We do this with a humble awareness that AutoInformed conducts its education in public. We begin with our take on significant automotive stories as we enter another year of plagues – covid, political, social or otherwise. Continue reading
Posted in economy, energy, environment, global warming, manufacturing, news analysis, transportation
Tagged auto industry commentary, autoinformed.com, Ken Zino
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Washington Diddles. India Puts Billions into Securing EV Jobs
This is not an isolated occurrence. Electric vehicles, the so-called hydrogen economy and connected cars are the future of the planet and high paying employment. Virtually all major industrial nations are promoting policies and incentives to become major forces where no automaker dares to go alone. Except the dis-United States it seems. Even Senator Manchin’s next Maserati that he drives to his yacht will likely be an EV. Built where? The question facing Washington politicians of his ilk is simple: Do you care about the people in your district? Continue reading
Census – Who Aren’t Vaccinated Against COVID?
Most of the Household Pulse Survey response options are either about information (“Don’t know if it will protect me”) or trust (“Don’t trust the vaccine”). However, one involves access: “It’s hard for me to get a COVID-19 vaccine.” Continue reading
Census – US Population Growth Slowest Ever
Given our urgent need to be internationally competitive and the staunch Republican opposition to helping poor families and young children in favor of tax cuts for the super wealthy, the news comes at a particularly bad time for the Party of Nope , aka Republicans or the grand old white NOPe. When will they put country over ideological allegiance to what is now the party of insurrection and treason? Continue reading
Building Back – FAA First-Year Airport Funding $2.89B
Many of these enhancements are crucial for automakers, suppliers and millions of workers as just in time delivery practices have collided with the non-vaccinated covid resurgence and the semiconductor shortage. The money will come from the Airport Infrastructure Grant program, one of three new aviation programs created by the Infrastructure Investment and Jobs Act. The law provides $15 billion over five years. The FAA estimates the backlog of airport modernization and safety projects totals $43.6 billion. Continue reading
Ford Motor Posts Tepid Q4, FY 2021 Financial Results
However, vehicles sold and market share, cash flow (-$8.5B) for continuing operations declined during 2021. Ford lost money in Europe and, ahem, China, which is recovering faster than other economies from the Covid crisis. In North America, Bronco, Maverick, Mustang Mach-E contributed to a two-point U.S. share gain, to 15%. During Q4 Ford reinstated a regular dividend of 10 cents per share. Continue reading →