Category Archives: results

November U.S. Sales Forecast at 1.2 Million

Through the first half of November, the average transaction price of new vehicles is $30,079, an increase of $461 from November 2012. Sales and transaction price increases mean that consumers will spend 10% more on new vehicles during the month than they did in November 2012, and nearly double the level of November 2008 during the Bush Administration’s Great Recession. Continue reading

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EU Posts Second Straight Month of Gains in Car Sales

Nonetheless from January to October, new car registrations amounted to 10,006,807 units, or -3.1% fewer than in the same period last year as the austerity policies of European politicians continue to wreak havoc on a weak economy that is experiencing five straight years of light vehicle sales declines. The October results were the second lowest level to date for a month of October. Continue reading

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Volkswagen Group on Track for 9.5 Million in 2013 Sales

Volkswagen Group is now saying it will sell 9.5 million vehicles for the full year, which, if true, could unseat the existing Number One Global sales leader Toyota Motor and Number Two General Motors, both of whom currently have more conservative sales forecasts. Continue reading

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Treasury Recoups another $1.2 Billion from GM

The U.S. Treasury during October continued its sale of GM common stock receiving net proceeds of ~$1.2 billion without saying how much it received per share. Continue reading

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Automotive Waste Heat Recovery Closer to Production

Not surprisingly, given increasingly stringent fuel economy and CO2 regulations, much advanced research is being done to see how this wasted exhaust heat can be used. Two areas show promise – generating electricity from the heat, and/or using the exhaust heat for a vehicle’s heating and ventilation system. Continue reading

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China Pulls October Global Vehicle Sales to All-Time Record

The global auto market during October is running at a record rate of close to 85 million light vehicles a year. China as usual is at the forefront of the increase with a historically strong selling rate of 22.4 million annually. Sales are also increasing in other markets, with West European demand slowly moving upwards while Brazilian and Japanese sales were astrong. Continue reading

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Eight States Want 3.3 Million EVs on U.S. Roads by 2025. Here come More Subsidies for the Rich

Eight states, representing 27% of the total U.S. new vehicle market, have announced a joint plan to put 3.3 million allegedly zero-emission electric vehicles on America’s roads by 2025. “Alleged” because EVs are elsewhere emissions vehicles when you take into account how the electricity is generated. Continue reading

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Toyota Motor Posts Huge Gains in Income and Profits

Toyota Motor Corporation today said it had net income of ¥1 trillion for the six-month period ending 30 September 2013. The huge increase from ¥548.2 billion in the same period the year earlier came with flat sales but TMC, the largest automaker in Japan and the world, benefited enormously from the manipulation of the yen by the Japanese government to keep it artificially weak. Continue reading

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Trucks Dominate U.S. October Sales as Offshore Brands Dip

The government shut down. The SAAR slipped to a seasonally adjusted annual rate of 15.23 million units. Offshore brands were outpaced by soaring Detroit Three truck and SUV sales, according to the final October U.S. sales results from AutoData. Continue reading

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Ford Motor October Sales Increase 14%

Ford Motor Company’s October U.S. total sales of 191,985 vehicles increased 14% compared to October 2012 that was severely depressed because of Hurricane Sandy. In an overall market that rose 8%, with extremely weak results for the first two weeks of the Republican-led government shutdown. Continue reading

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Chrysler Group October U.S. Sales Up 11%

“After a choppy start to the beginning of the month [caused by the Republican Tea Party extremists government shut down that appears thus far to be responsible for $24 billion in losses to the U.S. economy – editor], Chrysler Group sales accelerated in the second half of the month with renewed consumer confidence and the launch of our all-new Jeep Cherokee,” said Reid Bigland, Head of U.S. Sales. Continue reading

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Toyota World’s Largest Automaker trailed by GM, VW

Toyota Motor has retained its lead as the world’s largest automaker, according to nine- month sales figures the Japanese automaker released on Monday. Toyota said it sold 7.41 million vehicles globally through the end of the western Q3, a flat performance when compared year-over-year. Continue reading

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Infotainment Defects Grow in Latest Auto Reliability Data

The 2013 Annual Auto Reliability rankings revealed today before the Automotive Press Association in Detroit shows that General Motors and the Chrysler Group have barely average reliability, while Ford Motor continues to do poorly. Continue reading

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Peugeot Q3 Sales, Revenues Down. GM JV Scaled Back

The Peugeot Group this morning in Paris posted Q3 revenues of €12.1 billion, down -3.7%. Automotive revenues were €8 billion, down -5.8%. Continue reading

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Ford Motor Posts Q3 Profits of $2.6 Billion but Income Off

Ford Motor Company [NYSE: F] reported a Q3 profit of $2.6 billion based largely on sales and financing in North America with some contributions from other regions. Continue reading

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