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Category Archives: results
May U.S. New Vehicle Sales Projected at 12.5 m SAAR
New vehicle sales in May are projected to be about 1 million retail units higher than one year ago, resulting in a seasonally adjusted annualized rate or SAAR of 12.5 million. This is the highest annual rate since January of 2013, and May, if the forecast is accurate, will be the third consecutive month with retail sales in excess of 1 million. Relatively affluent new vehicle buyers are taking advantage of cheap interest rates as the Federal Reserve continues to print money in a desperate attempt to revive a sluggish economy where 16 million people remain unemployed or under-employed because of the ongoing effects of the Great Recession. Continue reading
Posted in auto news, results, sales
Tagged autoinformed, autoinformed.com, j.d power, Ken Zino, new vehcile sales, u.s auot sales
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Auto Insurance Websites Only Rated Fair for Policy Shopping
Auto insurance customers say that using insurance company websites to service an existing policy is generally easier than using them to shop for a policy, according to a new study. Continue reading
Posted in auto news, customer satisfaction
Tagged autoinformed, autoinformed.com, car insurance websites, j.d power, Ken Zino
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EU Car Sales Weak in April. Off -7% YTD
This was the third lowest level of new registrations for a month of April, with the historic low for April reached in 2012 at 1,021,358 units, according to ACEA, the auto trade group. Continue reading
Posted in auto news, economy, sales
Tagged autoinformed, autoinformed.com, eu, eurozone, Ken Zino
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Milestones – One Million Jeep Wranglers Made at Toledo
The sprawling Toledo complex, famous in its own right, became the center of a Romney Presidential campaign controversy last fall, when a desperate Romney trailing in virtually all industrial states used attack ads proclaiming that Chrysler was going to move the jobs in Toledo to China. It was a complete falsification and came as Chrysler was expanding and retooling the North Plant, where the all-new 2014 Jeep Cherokee will be built. Continue reading
Posted in auto news, milestones, news analysis
Tagged autoinformed, autoinformed.com, Cherokee, Ken Zino, romney, Toledo assembly, wrangler
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Milestones – Volvo Produces New Engine Family
Volvo Car Group is now manufacturing the first versions of a new, high-efficiency four-cylinder engine family after two years of preparation. The engine plant in Skövde, Sweden is making new smaller engines that are claimed to deliver higher performance than today’s six-cylinder units, while offering lower fuel consumption than the current generation of four-cylinder units. Continue reading
Posted in auto news, fuel economy or emissions, manufacturing, milestones
Tagged autoinformed, autoinformed.com, geely, Ken Zino, Volvo
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Ford Family Defeats One Share, One Vote at Annual Meeting
Once again, the Ford family with its 16 votes for every share of class B beat back a dissident shareholder proposal that would recapitalize the company at one vote per share. All told, a total of 5,734,531,807 votes were vote at the meeting. Continue reading
Posted in auto news, news analysis, results
Tagged autoinformed, autoinformed.com, ford annual meeting, ford class b, ford proxy, Ken Zino
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Toyota Motor Posts $9.7 Billion Profit for Year
This was the largest annual return in five years for the world’s largest automaker, and a clear indication that the recalls of ten million vehicles during 2009-2010 and the product shortages from natural disasters in 2011 are now behind it. Continue reading
Posted in auto news, financial results
Tagged autoinformed, autoinformed.com, corolla, Ken Zino, lexus is, toyota motor
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Global Sales of Toyota Motor Hybrid Vehicles Pass 5 Million
“We had to develop a hybrid system from scratch, making our task extremely difficult,” said TMC Vice Chairman Takeshi Uchiyamada, who was responsible for development of the first-generation Prius, the world’s first mass-produced hybrid passenger vehicle. Toyota had been excluded from participating in a multi-billion dollar U.S. Government program that subsidized the national labs and GM, Ford and Chrysler to develop 80 mpg cars. The so-called partnerships for a New Generation of Vehicles ended in failure with no cars other than a few prototypes produced. Continue reading
GM China Sales Set April Record
Last month, Buick debuted a concept version of its upcoming Riviera revival at the Shanghai Motor Show. Continue reading
Posted in auto news, sales
Tagged autoinformed, autoinformed.com, china, Ken Zino, saic-gm-wuling, shanghai gm
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Treasury to Sell 242 Million Shares of General Motors Common
To recover the full loan Treasury would have to sell the remaining GM shares at more than $77. GM is currently trading at ~$32 per share. This means that taxpayers will take a loss on the bailout of GM. Continue reading
Posted in auto news, financial results
Tagged autoinformed, autoinformed.com, gm bailout, Ken Zino, tarp
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Cadillac Matches New Car Warranty on Used Cars
In a move that reflects a growing industry trend of expanding warranty and maintenance plans, Cadillac today matched its new vehicle warranty on certified used cars. Continue reading
Posted in aftermarket, auto news, customer satisfaction
Tagged autoinformed, autoinformed.com, cadillac, certified used cars, Ken Zino
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Detroit Three Truck Sales Hurt Offshore Brands in April
The Detroit Three automakers posted impressive April sales gains, hurting foreign brands, the result of a revived truck market, as well as stumbling by giants Toyota, Hyundai, Kia and Volkswagen. In a market that was up 8.5% overall year-over-year to 1.285 million vehicles, according to AutoData, light truck sales rose 15%. The winners were located in Auburn Hills, Dearborn and Detroit because of their commanding share of the traditional pickup truck and SUV markets. With 634,000 light trucks sold, only 252,000 were from offshore brands. Continue reading
Posted in auto news, sales
Tagged autoinformed, autoinformed.com, Ken Zino, u.s. market share
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GM Q1 Earnings Drop 14% to $0.9 Billion. North America Weak. Europe Weaker. Cash Flow -$1.3 Billion
General Motors Company (NYSE: GM) today announced first quarter net income of $0.9 billion, or $0.58 per fully diluted GM share, down from $1 billion in the prior year quarter. The results include a net loss from special items that reduced net income by $0.2 billion, or $0.09 per fully diluted share. Continue reading
Posted in auto news, financial results
Tagged autoinformed, autoinformed.com, gm q1, Ken Zino
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Chrysler, Ford, GM Post Double Digit April Sales Gains
The Detroit Three all had strong U.S. sales during April, recording levels not seen since the housing market collapse and the Bush Great Depression took hold during the last decade. Continue reading
Posted in auto news, sales
Tagged april sales, autoinformed, autoinformed.com, Ken Zino
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Volkswagen Group Q1 Profit Drops as Europe Mars Results
Volkswagen Group profits decreased to €2.3 billion in Q1, down from a record €3.2 billion a year earlier. Global deliveries increased by 4.8% to 2.3 million vehicles worldwide as the Group’s share of the passenger car market rose year-on-year to 12.6% from 12.2%. Continue reading
Posted in auto news, financial results
Tagged autoinformed, autoinformed.com, eurozone crisis, Ken Zino, volkswagen group
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