Category Archives: results

Manheim – Used-Vehicle Prices Drop in January

Posted on 23 January 2024 by Ken Zino

Wholesale used-vehicle prices decreased 1.0% from December during the first 15 days of January, according to data just released by industry expert Manheim.* The Manheim mid-month Used Vehicle Value Index dropped to 201.9, which was down 10.2% from the full … Continue reading →

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Like the Weather, Grey is Top Car Color in Old Blighty

Posted on 22 January 2024 by Ken Zino

“2023 was a bumper year for the British new car market, as buyers continued to gravitate towards familiar monochrome hues for another year – even as ever more motorists embrace new technologies. Car manufacturers have diligently expanded their offerings, with a huge selection of color options available across hundreds of models and thousands of specification options. The extensive variety allows drivers flexibility in choosing a tint that embodies their individuality and style,” said Mike Hawes, SMMT Chief Executive.
Continue reading →

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Stellantis Reveals STLA Large EV Platform

Posted on 19 January 2024 by Ken Zino

“Our goals for our STLA platforms are ambitious but this is what our customers need from us today,” said Stellantis CEO Carlos Tavares. “Creating a family of vehicles from a well-engineered set of components that is flexible enough to cover multiple vehicle types and propulsions, over-performing any of our current products, will address each of our iconic brands’ customers. The flexibility and agility of this platform is its hallmark and will be a driving force for our success in the shift to electrification in North America.” Continue reading →

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GMC to Add New Markets – Australia, New Zealand, China

Posted on 19 January 2024 by Ken Zino

GMC (NYSE: GM) said today that it is adding three new international markets. The premium truck brand at General Motors said customers in Australia, New Zealand and China will have the choice of the Yukon full-size SUV in these high-growth markets. China sales are expected to begin in 2024, with Australia and New Zealand following in 2025. This announcement follows the launch of GMC in South Korea in 2023 with the GMC Sierra LD pickup truck, pioneering the premium pickup market in the country. These new markets add to GMC sales in the US, Mexico, Canada and Middle East. Continue reading →

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Ford Cuts F-150 Lightning Production. Ups Bronco and Ranger

Posted on 19 January 2024 by Ken Zino

“We are taking advantage of our manufacturing flexibility to offer customers choices while balancing our growth and profitability. Customers love the F-150 Lightning, America’s best-selling EV pickup,” said Ford President and CEO Jim Farley, who last year was boasting about his ability to increase prices on the Lightning. “We see a bright future for electric vehicles for specific consumers, especially with our upcoming digitally advanced EVs and access to Tesla’s charging network beginning this quarter,” Farley claimed.

Ford of course is hemorrhaging red ink in it’s EV business as Tesla (Cybertruck), GM (Chevy, Cadillac Lyric SUV, GMC, Hummer) and Stellantis – (electrified Jeeps) increase theirs. Ford’s EV business – Model e – lost $1.3 billion on electric vehicles even though it reported 44% higher shipments of electric vehicles, and 26% revenue growth during Q3 of 2023. Continue reading →

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BMW Motorrad in 100th Year Posts Highest Sales Ever

Posted on 18 January 2024 by Ken Zino

“I would like to thank our customers all over the world for the great trust they have placed in us again in 2023. With a record result in our anniversary year, BMW Motorrad remains the world’s number one in the premium motorcycle and scooter segment and once again demonstrates the brand’s successful strategic orientation. Our market leadership in numerous segments is based on innovation leadership, our highly attractive product range and our strong brand. Based on these three main success factors, BMW Motorrad is ideally positioned and I am very confident about the year 2024,” said Markus Flasch, Head of BMW Motorrad. Continue reading →

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Western European Market Diesel Car Sales Down in 2023

Posted on 18 January 2024 by Ken Zino

“The slowdown in BEV growth will no doubt have boosted the internal combustion engine (ICE) sector to some degree and perhaps fed into the relatively buoyant end to the year as far as diesel is concerned,” said GlobalData. “All markets ended 2023 with a smaller diesel share than seen in 2022 except one. Our figures indicate that Germany, with a diesel share of 24.4% for 2023 saw a rise from the 2022 value of 23.6%. Diesel demand has held up well in the country, supported by plenty of product from the dominant domestic brands and driving patterns that highlight the value available from diesel versus alternatives very well.” Continue reading →

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EU Car Market Drops in December after 16 Months of Growth

Posted on 18 January 2024 by Ken Zino

During 2023, the EU car market concluded with a 13.9% expansion compared to 2022, reaching a full-year volume of 10.5 million units. All EU markets grew in the past year except for Hungary (-3.4%). Double-digit gains were recorded in most markets, including three of the largest: Italy (+18.9%), Spain (+16.7%), and France (+16.1%). Conversely, Germany recorded a more modest 7.3% year-on-year increase, influenced by its weaker December performance. Continue reading →

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American Honda 2024 Sales Forecast – Acura and Honda Up

Posted on 18 January 2024 by Ken Zino

“In 2023, we were finally able to meet the pent-up demand for our products with both brands rebounding and American Honda finishing the year up over 30%. We projected a strong recovery, and we achieved that,” said Mamadou Diallo, Senior Vice President of Sales. “This year we will continue to capitalize on hybrid models and light trucks as we begin sales of our first high volume BEV models. Along with a continued investment in our ICE products, we are anticipating increased annual sales for both Honda and Acura in 2024.” Continue reading →

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Milestones – Volkswagen 75th Anniversary in the United States

Posted on 17 January 2024 by Ken Zino

“Over the past 75 years, Volkswagen has grown from a tale of two Beetles into a part of America’s cultural fabric,” said Rachael Zaluzec, Senior Vice President of Customer Experience & Brand Marketing, Volkswagen of America. “We carry people in our name and our heart. As we look forward to the next 75, we will celebrate the real people and real-life moments that have made Volkswagen brand the people’s love story it is today.” Continue reading →

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Honda Tops US 2023 HEV Sales with Accord and CR-V

Posted on 17 January 2024 by Ken Zino

“The success of our hybrid-electric sales in 2023 is an important building block toward our vision of 100% electrified vehicle sales by 2040,” said Lance Woelfer, assistant vice president of Honda National Auto Sales, American Honda Motor Co., Inc. “With the all-electric Honda Prologue and a new Civic hybrid coming this year, Honda will continue to increase our electrified sales in 2024 and beyond.” Continue reading →

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December Global Light Vehicle Sales at 92,000,000 Annual Rate

Posted on 16 January 2024 by Ken Zino

The Global Light Vehicle (LV) selling rate for December 2023 was 94 million units annually, according to an analysis just released by the respected GlobalData* consultancy. This continues rising results since the middle of the year. The LV market grew … Continue reading →

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Stellantis NA COO Mark Stewart Out. Carlos Zarlenga In

Posted on 16 January 2024 by Ken Zino

“In the very demanding North American market with many obstacles to overcome in order to foster the performance of the Company, Carlos Zarlenga is the best leader among our talent pool to replace Mark Stewart and to drive the change in our business model towards electrification in the region. Carlos Zarlenga has demonstrated his ability to bring together and unite diverse teams and to deliver the expected results,” said Carlos Tavares, CEO of Stellantis. “I would like to thank Mark Stewart for his contribution to this role after a three-year cycle, corresponding to the date of creation of Stellantis and I wish him the best in his new position.” Continue reading →

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Fleet or Fire Sale? SIXT to Buy 250,000 Stellantis Vehicles

Posted on 16 January 2024 by Ken Zino

SIXT rental customers will have choices of vehicles of Stellantis including Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep®, Lancia, Opel, Peugeot, Ram, Vauxhall and Maserati. The deliveries to SIXT will include a variety of classes from city cars to SUVs to vans and trucks, including 7- and 9-seaters, as well as a full range of propulsion types, including battery electric vehicles, with the latest software and infotainment tech features. Continue reading →

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Volvo Cars Recalls 2024 XC40 Hybrids for Bad Software

Posted on 15 January 2024 by Ken Zino

Volvo Car USA is recalling ~17,409 2024 XC40 hybrid SUVs. A diagnostic error in the Central Electronic Module (CEM) software may cause the left rear turn signal indicator to not function, according to the National Highway Traffic Safety Administration in a filing made public today. What is characterized as “a diagnostic mis-detection of short to ground of the left-hand rear turn indicator will result in no function of the left-hand rear turn indicator.” Continue reading →

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