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Category Archives: results
Ford Mustang Touts World’s Best-Selling Sports Car Tag
Mustang sold 102,090 units, according to the most recent new vehicle registration data from IHS Markit, making it the best-selling sports car in the world in 2019. During this period, Mustang sales in Germany increased 33%, in Poland sales rose by nearly 50%, and in France, they nearly doubled from laughably small bases. Continue reading
March Global Light Vehicle Sales Plunge. Prelude to Rest of the 2020 Year or the Trend for Years After?
Almost all major vehicles markets suffered steep year-over-year declines in March. The beginning of a downward spiral of unknown duration, according to consultancy LMC with 2020 dropping to 71 million units compared to, gulp, 90 million in 2019 Continue reading
2020 Commercial Vehicle Production Forecast down -22%
Global commercial vehicle production (GVW 4-8) volumes in 2020 compared to 2019 are forecast to be down -22% or more than 650,000 units to 2.6 million units because of the COVID-19 pandemic, according to the most recent analysis from IHS Markit (NYSE: INFO). Continue reading
FCA Recalls RAM Pick-up Trucks for Bed Step Failures
“In certain side loading conditions, the bed step may unexpectedly fail while in use,” Chrysler said in the required NHTSA filing. Continue reading
Most Say Trump Too Slow in Coronavirus Response
With the Trump administration and many state governors actively considering ways to revive the stalled U.S. economy, the public strikes a decidedly cautious note on easing strict limits on public activity. About twice as many Americans say their greater concern is that state governments will lift restrictions on public activity too quickly (66%) as say it will not happen quickly enough (32%). Continue reading
Challenging Start in Q1 as Porsche Delivers ~53,000 Vehicles
During the first three months of 2020, Porsche sold 53,125 vehicles to customers worldwide. Compared to the year before, deliveries were down by 5% due to the effects of the coronavirus pandemic. Continue reading
Posted in results, sales
Tagged auto industry commentary, autoinformed.com, COVID-19, Detlev von Platen, Kenneth Zino, Porsche Q1 Sales
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EU Passenger Car Sales: -25.6% Q1 2020; -55.1% in March
With containment / lock-down measures taking hold in most markets from around the middle of the month, the vast majority of European dealerships were closed during the second half of March. Consequently, demand across the region fell by more than half last month, dropping from 1,264,569 units registered in March 2019 to 567,308 units. Continue reading
Posted in results, sales
Tagged auto industry commentary, autoinformed.com, COVID-19 Depression, Kenneth Zino, Q1 2020 EU Sales
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Groupe Renault Reveals A New Strategy for China
Renault will continue to provide aftersales service for its 300,000 customers through Renault dealers, and also through Alliance synergies. Further development for Renault brand passenger cars will be detailed later within a new mid-term-plan from Renault. Continue reading
Ferrari Official Channel via Motorsport Network
Race and sporting coverage include Competizioni GT, F1 Clienti, XX Programs and Ferrari Challenge (Europe, North America, Asia Pacific and UK) as well as video content on the road car range. There is also a focus on Ferrari’s participation in WEC, Le Mans 24 hours and Blancpain GT series. Continue reading
Ford Motor Q1 Prelim Results Hint at COVID-19 Illiquidity
Ford’s Q1 vehicle wholesales were down 21% from a year ago, largely as a result of lower production and demand related to the coronavirus. Ford currently expects to report revenue of about $34 billion and first-quarter adjusted losses before interest and taxes of about negative -$0.6 billion, which excludes about $0.3 billion of special-item charges. The company has not yet calculated its tax rate for the first quarter and is not able to provide its preliminary net loss or loss per share. As of 9 April, the company had about $30 billion in cash on its balance sheet, including $15.4 billion of proceeds from borrowings last month against two existing credit lines. Continue reading
Back-Up Camera Recall on More than 318,000 FCA Models
If the rear-view image is displayed after the backing event has ended, a driver may be distracted by repeatedly and/or continuously shifting attention in attempt(s) to cancel the image which can cause a vehicle crash without warning. Continue reading
Chinese Junk Watch: Continuum Recalls Lenox Tea Kettles
Continuum’s Lenox-branded 2.5 Quart Whistling Stainless Steel Tea Kettle with a three-layered bottom are expelling hot water through the top. Continue reading
Trade to Plunge as COVID-19 Upends Global Economy
The response of political leadership can also have a big impact in the outcome. But WTO economists believe the decline will likely exceed the trade slump brought on by the global financial crisis of 2008‑09. Estimates of the expected recovery in 2021 are equally uncertain, with outcomes depending largely on the duration of the outbreak and the effectiveness of the policy responses. Continue reading
Groupe PSA Q1 2020 Revenue -15% at €15.2 Billion
PSA says the outlook is currently difficult to assess and will depend on the scale, duration, and geographic extent of the Covid-19 crisis, as well as the measures taken by the countries concerned. Continue reading →