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Category Archives: news
June Global Light Vehicle Selling Rate Drops to 82.4 Million
The short-term trend is clear though. The recovery of the global auto industry is by no means assured given the flawed vaccination polices of nations comprising the world’s largest auto markets. Worse, the appearance of the aggressive and deadly Delta variant corona virus variant, as well as the ongoing semi-conductor shortage considerably cloud forecasting for the upcoming months. “The semiconductor shortage is clearly having an impact on selling rates in key markets. With no immediate remedy in sight, there is a risk of the situation worsening in coming months which could further disrupt the post-pandemic recovery in demand,” said LMC. Continue reading
CARB Warns of Toxic Metal Contaminants in Smoke from Fires
Smoke produced from the Camp Fire exposed Californians to dangerous levels of particulate matter and contained concerning levels of toxic metal contaminants, including lead, which spiked for about 24 hours. Continue reading
VW Group’s Supervisory Board Extends Chairman Herbert Diess’ Contract. Other Employees Face an Uncertain Future
This is just a German employment euphemism for stating the obvious – the old Works Council and Management dance supporting rigid categories of traditional jobs with guarantees of employment in old-style manufacturing, engineering and support areas will have to keep time to a different electronically generated score. Continue reading
2021 Q2 US Sales – Light-Trucks, Crossovers, SUVs Rule
Real GDP in Q2 of 2021 is expected to grow by 8.6% on an annualized basis. The U.S. economy is predicted to return to its pre-COVID Trump Administration disaster level of ~ $19.2 trillion by the time final data is collected. For all of 2021, real GDP is expected to increase by around 7%. Initial jobless claims continue to fall each week and are headed toward pre-pandemic levels. About 14.7 million Americans continue to receive at least some type of unemployment benefits, down 54% compared to the same period in 2020 when Trump ruled. Continue reading
Stellantis Ups Electrification Strategy by $35.54 Billion
“The strategy we laid out today focuses the right amount of investment on the right technology to reach the market at the right time, ensuring that Stellantis powers the freedom of movement in the most efficient, affordable and sustainable way,” claimed Carlos Tavares, Chief Executive Officer, Stellantis. Continue reading
California – Most Car Washes with $1.6 Billion Total Sales
The mostly small businesses had 163,178 workers – up from 153,970 in 2015 – who earned a meager average annual salary of $21,911 -up from $18,703 in 2015. California, the state with the largest population and a mania around car culture and the automobile ranked first in the number of car washes and car wash employees in 2019 (2,025 and 24,851, respectively). Continue reading
Revolving Door – Steven Croley Now Ford Chief Policy Officer
The new policy leadership role was initiated last October when Jim Farley became CEO and announced organizational changes. Croley will report to Farley and work closely with Jon Huntsman, a member of the Ford board of directors who in April was appointed vice chair, Policy, an internal senior advisory role to Farley and Executive Chair Bill Ford. Continue reading
Posted in news analysis, people
Tagged auto industry commentary, autoinformed.com, Ford General Counsel, Ken Zino, Steven Croley
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BMW Group Sales Up for First Half of 2021. EV Sales Surge
With 153,267 units sold in the first half of 2021, the BMW Group grew its sales of both fully-electric and plug-in hybrid vehicles by 148.5% year-on-year – making electric vehicles a major growth driver for the company in absolute terms. Sales of fully electric vehicles increased by 183.9% to a total of 36,089 and plug-in hybrid vehicles by 139.4% to 117,178 units. Continue reading
Posted in electric vehicles, results, sales
Tagged auto industry commentary, autoinformed.com, BMW Group sales, Ken Zino
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Inventory Deficit Hurts June US Vehicle Sales. Again
With too much demand chasing too little supply, it’s not surprising many vehicles sold at or above MSRP and automakers have slashed incentive spending. According to J.D. Power, in mid-June 75% of vehicles sold for MSRP or above, which is up from 67% in May 2021 and way higher from the pre-COVID average of 36%. AutoInformed thinks that an affordability crisis is starting to emerge, as the Biden Administration economic boom continues. Continue reading
Posted in economy, news analysis, sales
Tagged auto industry commentary, autoinformed.com, June US Vehicle Sales, Ken Zino, nada
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Moving the Metal Downtown – Detroit Institute of Arts New Location for 2022 Concours d’Elegance of America
We’re announcing two meaningful changes today–rescheduling from July to September and repositioning from the suburbs to downtown,” said McKeel Hagerty, CEO of Hagerty. “This move honors Detroit’s heritage as a hub of commerce, industry, design and culture. We couldn’t think of a better place to recognize the automobile than the Detroit Institute of Arts. Continue reading
Renault Group to Launch 10 Battery-Electric Vehicles by 2025
The Renault 5 electric will be made in Northern France, from battery to e-powertrain to assembly, on a new CMF-BEV platform, by Renault ElectriCity. The Group will also revive another star currently named ‘4ever’ signifying the hope to make it a timeless classic. Renault Group will also compete in the all-electric C-segment, first with the new MéganE next year. Continue reading
Sports Car Market Magazine Hooks Hagerty as Sponsor of The SCM Modern and Classic Touring Series. AMG Invitational First
The four-day, 1000-mile tour of Oregon back roads will be for AMG cars from 1967 to the present. It’s all-inclusive, offering six nights of accommodations, meals, custom swag, nightly “Conversations with Collectors,” and talks led by AMG experts. Entries for other modern specialty Mercedes will be considered. Continue reading
Ford Leads NA Production Cuts from Semiconductor Shortage
Six months into the semi-conductor shortage it is obvious that not all automakers are affected in the same way. The Renesas fire in Japan hit Ford Motor hard, making the problem much worse for the struggling automaker. The fact is some automakers have been hurt worse than others. Ford Motor looks to have been affected the most, as shortage-related plant shutdowns left its facilities running at just 55% of total capacity through May of 2021. Ford’s estimated volume loss in the first half of this year is more than 50% greater than that recorded by the next manufacturer in line – and the largest in North America – GM, according to consultancy LMC. Continue reading
Toyota to Reproduce Original Supra Spare Parts
“In support of customers who wish to continue driving older vehicles that are full of memories and that they truly love, the project reproduces spare parts that have been discontinued, and sells them as genuine parts. For the A70 and A80 Supra, this will be the first addition since spare parts were announced in 2020,” Toyota said in a release. Continue reading
GM Design Jettisons North Hollywood for Pasadena
GM claims it has a long-term commitment to maintain a physical presence in one of North America’s largest hubs for multi-disciplinary design and innovation. The new campus, which sits on 8 acres, will expand GM’s capacity to support emerging business opportunities in areas of advanced technology, software integration and future mobility solutions. Continue reading →