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Category Archives: economy
May US Light Vehicle Sales – Start of an Affordability Slump?
But there is more going on here, AutoInformed opines, given current market conditions. While automakers and the business press have been chasing the semi-conductor shortage, many claim May’s drop in sales are the effects of a supply and demand imbalance. However, the vehicle mix of highly-equipped vehicles, plentiful low-interest-rate money, and the headlong rush into electric vehicles – priced above an average working person’s ability to carry the loan – are starting to make light vehicles unaffordable to the working and middle classes. Continue reading
Posted in economy, news analysis, sales
Tagged auto industry commentary, autoinformed, autoinformed.com, Ken Zino, lmc, nada
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Manufacturing – Not Online Shopping – Leads E-Commerce
Any way you look at it, this is another strong argument for the Biden Administration infrastructure initiative that is opposed by the insurrection party that once upon a time was considered friendly to business. Want to make America great again? Well, invest in people, education and infrastructure. 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
April Global Sales – North America Up, Elsewhere Unsettled
Helped by President Biden’s economic stimulus in the face of Republican obstructionism, and states re-opening, the record setting rate of US Light Vehicle sales continued in April. Sales of 1.54 million units were the highest-ever volume for that month. Continue reading
Nissan Reports Weak Q4, Full Year 2020 Financial Results
Free cash flow for the automotive business was a negative 391.0 billion yen. Nissan claims it has sufficient liquidity to steer through a challenging business environment. At year-end, cash and cash equivalents for the automotive business totaled 1.9 trillion yen. Automotive net cash was 636.0 billion yen. In addition, the company continues to have access to approximately 2.2 trillion yen in unused committed credit facilities. (Nissan Establishes Carbon Neutral Goal for 2050) Continue reading
Census Bureau – 26% of Adults Struggle on Expenses
Of pressing concern – adults living in households not current on rent or mortgage, 30.6% report eviction or foreclosure in the next two months is somewhat or very likely. Continue reading
Posted in economy, people
Tagged auto industry commentary, autoinformed, autoinformed.com, COVID-19, Ken Zino, U.S. Census Bureau
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April Sales Shower US Market More than 18 Million Times
This refreshing rejuvenation is partly the results of improved social, health and economic conditions under the successful Biden Administration that acted urgently to quell the largest public health crisis in US history that the previous Administration either ignored or promoted. Enjoy the flowers that are coming your way. Continue reading
Record year for California Climate Investments
Despite Republican opposition, Californians have gained from these CARB investments through improved public health, fire prevention, affordable housing and energy efficiency, as well as significant reductions in emissions of greenhouse gases. To date, California Climate Investments projects have helped plant more than 133,000 urban trees, reduced smog-forming and other air pollutants by more than 60,000 tons, added more than 7,200 new affordable housing units, and saved Californians almost $93 million through water energy‑efficiency projects. Continue reading
2021 Chicago Auto Show Set for July 15-19
The move comes as a growing body of evidence shows that because of vaccine-resistance the US will never have enough people with vaccinations to reach so-called herd immunity whereby the virus has no easy means to spread. Continue reading
Posted in economy, environment, marketing
Tagged 2021 Chicago Auto Show, auto industry commentary, autoinformed, autoinformed.com, Ken Zino
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Q1 US Real Gross Domestic Product at 6.4% Annual Rate
Commerce says that real gross domestic product increased at a 6.4% annual rate. Personal consumption expenditures increased by a vigorous 10.7% annual rate, while business investment in equipment and intellectual property products continued to grow steadily. Continue reading
US Household Pulse – 32% Face Eviction or Foreclosure
Roughly 20% of adults expect someone in their household to experience a loss in employment income in the next 4 weeks, based on responses collected March 3 to March 15. Crueler, 31.5% report eviction or foreclosure in the next two months is “somewhat or very likely.” Continue reading
Posted in economy, people
Tagged auto industry commentary, autoinformed, autoinformed.com, Census Household pulse survey, Covid, Ken Zino
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Census Survey – Stimulus Payments Eased Financial Suffering
Data from the US Census Bureau clearly support the need and positive effects of stimulus payments, unlike the failed Republican tax cuts for the rich that did not result in increased investments in the US economy because the off-shore holdings were largely fictional tax dodges not real investments in overseas businesses. Continue reading
Covid Curse – EU Sales Drop 19% in February, -22% YTD
With 771,486 units registered across the EU region, according to ACEA, this marked the lowest February total on record since 2013. All four major EU markets recorded losses last month. Italy posted the smallest drop (-12.3%), while the other markets faced stronger deterioration: Germany (-19.0%), France (-20.9%) and Spain (-38.4%). Continue reading
Posted in economy, sales
Tagged acea, auto industry commentary, autoinformed, autoinformed.com, Covid, Ken Zino
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Winter Storms Clobber Texas Small Businesses Unduly
There were, however, no questions about their impact on Cancun Ted Cruz’s taxpayer funded vacation that was widely documented in the media. Consider that it’s while designed to measure changing business conditions during the coronavirus pandemic, the SBPS also captures the impact of natural disasters on small business. The picture above documents the damage Texas Governments did to their own small businesses. Continue reading
State, Local Governments Increase Green Spending
Some specific preservation programs include protection of soil and water resources, including controlling beach erosion, managing dams to prevent floods, educating the public about conservation and generating hydroelectric energy. While expenditures rose, a five-year comparison (from 2016 to 2020) showed a 5.7% decline in part-time employment and a 0.3% decrease in full-time employment. Continue reading →