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Category Archives: results
BMW Recalls 5-Series Cars for Defective Rear Lights
BMW said that it does not believe a safety defect exists but is recalling the cars anyway. While likely such language is lawyer dictated, the Bavarians have a precarious relationship with U.S. safety regulators. Previously BMW was fined by NHTSA for covering up safety defects. Continue reading
Posted in customer satisfaction, news analysis, quality, recalls, safety
Tagged autoinformed, autoinformed.com, bmw recalls, Ken Zino
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European Car Sales Down. Lowest Level Ever for Year
From January through August 2013, new car sales amounted to 7,841,596 units or 5.2% less than in the same period last year. This means that it was the lowest January to August level ever recorded since record keeping began in 1990, according to ACEA, the automakers trade association. Continue reading
Posted in sales
Tagged acea, autoinformed, autoinformed.com, european car sales, Ken Zino
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U.S. Trade Deficit Disaster Continues. Auto Industry Hit Hard
The United States’ international trade deficit in goods and services increased to $39.1 billion in July from $34.5 billion in June as exports decreased and imports increased. Imports increased to $228.6 billion in July from $225.1 billion in June. Goods were $191.3 billion in July, up from $187.9 billion in June. Services were $37.3 billion in July, up from $37.2 billion in June. Continue reading
Posted in auto news, financial results
Tagged autoinformed, autoinformed.com, Ken Zino, trade deficit
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U.S. New Car Transaction Prices Continue Slow Rise
The average transaction price for new light vehicles in the United States was $31,657 in August 2013, an increase of $221 or +0.7% year-over-year. Continue reading
Posted in financial results
Tagged autoinformed, autoinformed.com, Ken Zino, transaction prices
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Chrysler IPO Filing this Week
The UAW says the stock is worth $10.3 billion; Fiat says it is worth $4.2 billion. Fiat, of course, saved Chrysler from oblivion in 2009 as part of a controversial U.S. Treasury financed bankruptcy proceeding that essentially handed over Chrysler to Fiat for Fiat’s promise to save UAW jobs and reinvest in the company, but no cash. Continue reading
Posted in financial results
Tagged autoinformed, autoinformed.com, chrysler fiat, Ken Zino, uaw, veba
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China Auto Sales Continue Upward. GM Sets August Record
China’s entire light vehicle market posted a solid start in Q3, with locally‐made light vehicle sales according to the latest data available reaching 1.43 million units in July, up 9.3% from a year earlier. Continue reading
Posted in sales
Tagged autoinformed, autoinformed.com, china, gm china, Ken Zino, lmc
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2014 Toyota Corolla Ups Ante in Compact Car Game
Toyota Motor coming off two straight months knocking Ford Motor out of its traditional Number Two sales position in the U.S. market is introducing an all-new Corolla model. Not only will this present formidable competition for the Ford Focus, but it will also challenge Honda Civic, Nissan Altima, Mazda3 as well as the rest of compact cars in this high volume segment. Continue reading
August European Auto Sales Down Again
Auto sales in Western Europe fell by 5.3% in August dashing the hopes of auto executives that the market had finally bottomed out while continuing a five year negative trend as the results continue to confirm the bleak conditions facing the industry. Continue reading
Ford Motor Company Credit Ratings Raised by S&P
Standard & Poor’s Ratings Services today raised its credit ratings on Ford Motor Company and Ford Motor Credit to an investment grade of ‘BBB-‘ from ‘BB+’, and revised the outlook on both companies to stable from positive. Continue reading
Posted in financial results
Tagged autoinformed, autoinformed.com, Ken Zino, Standard & Poor's
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Asian Brands Dominate U.S. August Sales
While the pickup truck market dominated by the Detroit Three exploded during August, in the crucial and larger car market, Asian brands ruled. Continue reading
Posted in sales
Tagged aiada, autoinformed, autoinformed.com, Ken Zino, offshore brands
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Chrysler, Ford, GM Post Double Digit August Sales Gains
Chrysler, Ford and GM all recorded double digit gains in U.S. August sales as the market went back to the pre-Great Recession levels of 2007. Robust pickup truck sales, a relatively trouble free changeover to the production of 2014 models, cheap credit and strong retail demand, all were factors in an overall industry that is now running at more than 16 million units annually. Continue reading
Posted in economy, sales
Tagged autoinformed, autoinformed.com, chrysler, Ford, GM, Ken Zino, toyota, u.s. august sales
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Ford Motor Used Vehicle Sales Running at Record Levels
In general, automakers are setting record used car sales through their dealers as the U.S. economy slowly recovers – more than 80% of workers commute to work in vehicles – and interest rates remain at absurdly low rates as taxpayers continue to subsidize the bankers and Wall Street firms that caused the Great Recession. Record high new vehicle prices – more than $30,000 on average for a car, +$40,000 for a truck – are also forcing some buyers into used vehicles. Continue reading
Posted in aftermarket, auto news, sales
Tagged autoinformed, autoinformed.com, ford motor, Ken Zino, used vehicles
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2.95 Trillion Miles Travelled on Interstate Highways During 2011
Drivers tallied 2.95 trillion miles during 2011 on U.S. interstate highways, according to a new report from the Federal Highway Administration, or nearly double the number of highway miles traveled in 1980. Continue reading
Posted in milestones, transportation
Tagged autoinformed, autoinformed.com, fhwa, interstate highway travel, Ken Zino, traffic congestion
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August Auto Sales Forecast at a Robust 13.1 Million SAAR
U.S. new vehicle sales in August are projected at 1,270,400 units, a 12% increase from August 2012 and the highest monthly sales tally since 2006. Continue reading
Posted in sales
Tagged autoinformed, autoinformed.com, j.d power, Ken Zino, u.s. august sales
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Georgia Most Expensive State to Drive in, Oregon Cheapest
California ($3,966), Wyoming ($3,938), Rhode Island ($3,913) and Nevada ($3,886) round out the five most expensive states. Alaska ($2,227), South Dakota ($2,343), Montana ($2,660) and Indiana ($2,698) join Oregon among the five cheapest states. Continue reading
