Category Archives: results

NADA – 2023 US Sales Forecast at 14.6 Million

Forecasting is a risky business in these times. Multiple factors are in play. The increasing number of new-vehicle incentives also contributed to the April sales gains. According to J.D. Power, average incentive spending per unit in April is expected to total $1599, an increase of, gulp,  58.9% compared with April 2022. While average incentive spending has risen from extreme lows, it has not increased at the same rate at all automakers. Some brands have been able to finally increase new-vehicle supply, but others are still struggling. To state the obvious, brands with more to sell are positioned to offer  incentives. Key here might be the return of Memorial Day sales later at the end of May. Continue reading

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Ford Motor Q1 Sales, Profits, Cash Flow Up. But…

Late yesterday Ford Motor posted Q1 2023 revenue of $41.5 billion, up 20% from the same period a year ago on shipments ~1.1 million vehicles, a 9% increase with $1.5B in net income. A year ago Ford posted a net … Continue reading

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Nel Announces Automated Hydrogen Fuel Factory in Michigan

“The short distance to General Motors, headquartered in Detroit, has played a decisive role in the choice of state. The two companies collaborate to develop further and improve Nel’s PEM electrolyzer technology,” said Nel’s CEO, Håkon Volldal. “The choice of Michigan is based on an overall assessment of what the state can offer in terms of financial incentives, access to a highly skilled workforce, and cooperation with universities, research institutions, and strategic partners. I will also highlight the personal engagement from Governor Whitmer and her competent and service-minded team,” Volldal said. Continue reading

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April US Light Vehicle Sales up 10%

Average transaction prices are high by historical standards and continued to be up (by 3.6%) YoY in March. However, prices have declined month-on-month (MoM) in each month of 2023, and this trend is expected to have continued in April, with incentives also beginning to creep up. In March, incentives were up by 56.2% YoY, from an extremely low base. Continue reading

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Subaru of America April Sales Up 11.5 %

Subaru also announced that it has won five categories in Kelley Blue Book’s 2023 5-Year Cost to Own Awards. The 2023 Subaru Ascent, BRZ, Forester, Impreza and Outback earned top spots in their respective segments. Continue reading

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Hyundai Motor America April Sales up 15%

Hyundai sold 64,895 retail units in April, a 5% year-over-year increase from April 2022. Hyundai set best-ever retail sales in April for Elantra HEV, Elantra N, Santa Fe HEV, Tucson PHEV, Tucson HEV and Santa Cruz. Hyundai eco-friendly vehicle sales of 11,571 represented 18% of retail and a 56% year-over-year increase. Continue reading

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NHTSA – Wheels Falling Off 2023 Ford Bronco, Ranger Trucks

In the required federal filing made public today by the National Highway Traffic Safety Administration, Ford said the lug nut tightening machine was out of service and that a manual – translation human – backup was in place. Continue reading

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CARB Mandates Zero-Emission Medium, Heavy-Duty Vehicles

Trucks represent only 6% of the vehicles on California’s roads. However, CARB noted that they account for more than 35% of the state’s transportation generated nitrogen oxide emissions, and 25% of the state’s on-road greenhouse gas emissions. Continue reading

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EPA Emergency Order Allows Summer Sale of E15 Gasoline

“This action will provide Americans with relief at the pump from ongoing market supply issues created by Russia’s unprovoked war in Ukraine by increasing fuel supply and offering consumers more choices at the pump. The waiver will help protect Americans from fuel supply crises by reducing our reliance on imported fossil fuels, building U.S. energy independence, and supporting American agriculture and manufacturing. Current estimates indicate that on average, E15 is about 25 cents a gallon cheaper than E10,” EPA said in a press release. Omitted was the fact that ethanol contains less energy by volume than gasoline so mileage decreases. Continue reading

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EV Battery Gold Rush – Stellantis and Alliance Nickel

NiWest is an advanced nickel-cobalt development project in Western Australia that hopes to produce ~90,000 tpa (tons per annum) of battery grade nickel and cobalt sulphate for the electric vehicle market. To date, more than AU$30 million has been invested into drilling, metallurgical test work and development studies. Stellantis today also agreed agreed to purchase €9.2 million (AU$15 million) in new equity in Alliance Nickel, giving it an 11.5% shareholding on completion and rights to nominate one director to the Alliance board. Money from the equity purchase will be applied to the completion of the NiWest Project Definitive Feasibility Study and engineering design works, expected in the last quarter of 2023. Continue reading

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Decarbonizing Shipping Fleets – a Complex, Uncertain Course

To learn how industry leaders are thinking about future fuels, the Global Centre for Maritime Decarbonisation, the Global Maritime Forum, and the Mærsk McKinney Møller Center for Zero Carbon Shipping conducted a survey (with analytical support provided by McKinsey) of shipping companies. Collectively, these companies own and operate fleets – including container ships, tankers, dry bulkers, gas carriers, car carriers, cruise ships, tugs, and offshore vessels – comprising ~20% of the world’s total capacity. Continue reading

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Tesoro Refining to Pay Penalty for Consent Decree Violations

“Tesoro did not meet the consent decree pollution limit because it did not install adequate pollution controls,” said Acting Assistant Administrator Larry Starfield for EPA’s Office of Enforcement and Compliance Assurance. “As this settlement shows, EPA will seek substantial penalties when companies delay installing appropriate pollution controls to meet environmental obligations.” Continue reading

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GM to Move to Unified Automotive Software Standards

GM will join the Eclipse Foundation’s Software Defined Vehicle (SDV) Working Group, which is focused on accelerating innovation of automotive-grade software stacks using open source and open specifications developed by and for a growing community of engineers and member companies. Collaborators on GM’s Ultifi software platform include Microsoft, Red Hat, and other automakers, participate in the group. Continue reading

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US New Vehicle Sales Soar in April 2023 at 1.3 Million

“The industry is poised for another favorable month in April, with projected retail sales expected to increase 5.9%, accompanied by a 2% increase in average transaction prices. Consequently, it’s expected that consumers will spend ~$47.5 billion on new vehicles this month, reflecting 2.9% growth compared with the same month a year ago,” said Thomas King, president of the data and analytics division at J.D. Power. Continue reading

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EPA – Children Especially Vulnerable to Climate Change

The peer-reviewed EPA report quantifies projected health effects associated with extreme heat, air quality, changing seasons, flooding, and infectious diseases. Where possible, the analyses consider the extent to which health effects disproportionately fall on children who are Black, Indigenous and people of color [BIPOC], low income, without health insurance, and/or have limited English proficiency. Continue reading

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