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Category Archives: results
US Retail New Vehicle Sales to Decline in July. Prices Up
Higher prices along with a rising interest rates are leading to monthly loan payments reaching new all-time highs. After breaking $700 for the first time ever in July, the average monthly finance payment in August is forecast to hit a record $716, up $78 from August 2021. That translates to a 12.2% increase in monthly payments from a year ago, which is above the 11.5% increase in transaction prices. Continue reading
Posted in economy, news analysis, sales
Tagged auto industry commentary, autoinformed.com, j.d power, Ken Zino, lmc automotive, Thomas King
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CJPT expels Hino over Emission Data Certification Fraud
In a move that appears to be an attempt to isolate Hino’s owner Toyota from the ongoing legal and other liabilities in the matter that started in 2003, Akio Toyoda, President of Toyota Motor Corporation “suggested that the misconduct committed by Hino is incompatible with CJPT’s * aspirations and goals and that the continued inclusion of Hino in activities will not gain the understanding of its customers and the public,” the Toyota statement said. Continue reading
Fires! Park 2020-22 Hyundai Palisades, Kia Tellurides Outside
Hyundai Motor America and Kia America are telling owners of some Model Year 2020-2022 Hyundai Palisade and Kia Telluride vehicles park their cars outside and away from homes and other structures until their vehicles have been repaired, due to new recalls for the risk of fire. More than 280,000 SUVs are potentially involved. Continue reading
GM Recalls 500,000 2021-22 SUVs for Bad Seat Belts
“The rivet that retains the buckle to the mounting bracket in the left- or right-side third-row seat belt buckle assembly may have been improperly formed,” was the defect cited in a mandatory NHTSA filing made public today. GM had reports of the problem going back to October of 2020. Workers at GM supplier ZF Occupant Safety Systems manufacturing plant in Mexico may have not properly followed processes and inadvertently missed the rivet forming operation. Continue reading
Toyota: More Today Trouble Over Hino Motors Emission Fraud
The additional “facts following were found in the emission performance deterioration endurance tests conducted by Hino on all of the company’s vehicle engine models subject to the 2016 emission regulations in Japan.” Thus the embarrassing anti-environmental aspects of the cheating are still expanding. Continue reading
First Look – 2023 Dodge Hornet and Hornet R/T PHEV
There are three versions of the Dodge brand’s new entry in the compact utility vehicles (CUV) segment. The line consists of Hornet R/T; the Hornet GT, claimed to be the quickest, most powerful CUV under $30,000; and the Hornet GT GLH Concept, which uses optional Direct Connection performance parts upgrades. Continue reading
Success Threatens EVs as Public Charging Lacks Juice
“Public charging continues to provide challenges to overall EV adoption and current EV owners alike,” said Brent Gruber, executive director of global automotive at J.D. Power. “Not only is the availability of public charging still an obstacle, but EV owners continue to be faced with charging station equipment that is inoperable. The National Electric Vehicle Infrastructure (NEVI) Formula Program promises to provide funds to states for building out their EV public charging infrastructure.” Continue reading
Ford Recalls 2022 Maverick Pickups for Bad Airbags
The National Highway Traffic Safety Administration discovered the problem in June of 2022 during a FMVSS 226 compliance audit on a 2022 model year Maverick. The displacement results for the front lower primary target were 111.9 mm, which exceeds the federal regulation of 100 mm. Side curtain air bags that may not meet the displacement requirements of FMVSS 226 S4.2.1 Ejection increase the risk of injury in a crash. No warning of the existence of potential deadly problem occurs before an accident. Continue reading
NHTSA: Bad Brakes on 1.7M Fords, Lincolns?
These vehicles were not part of the 11 August 2020, Ford Motor Company (NYSE: F) safety recall 20V-469 on Model Year (MY) 2015-2018 Ford Edge and 2016-2018 Lincoln MKX vehicles that addressed front brake hoses (jounce hoses) rupturing prematurely. The cause was due to consistent localized failures of the internal reinforcement braid due to cyclic fatigue during suspension and steering movement. The recall replaced both front brake jounce hoses with a new revised braid material and bled the brake system. Continue reading
First Look – All Electric Mercedes EQS SUV
First Look: All Electric Mercedes EQS SUV Continue reading
Toyota Motor FY Q1 Profit Drop Spooks Market
Aside from the well-known semiconductor problems, Covid lockdowns in Shanghai and other parts of Asia, as well as flooding in South Africa hurt the results. Toyota shares fell -3.45% after it released its earnings report, which showed a 42% year-over-year drop in operating profit, but recovered slightly to close down -2.99%. The Nikkei average share closed up 0.69% at ¥27,932.20 and even topped the ¥28,000 mark. Continue reading
Posted in economy, financial results
Tagged auto industry commentary, autoinformed.com, Ken Zino, tmc, Toyota Motor Corp.
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July US Light Vehicle Sales Still Stalled
“July sales were slightly behind the June volumes, but not all OEMs were that stable. GM lost more than 20,000 units, and it was outsold by Toyota for the first time since January. On the positive side, Ford, Mazda and Toyota gained the most volume from June. Toyota remained the bestselling brand, but its lead over Ford shrank considerably this month. Continue reading
Posted in economy, results, sales
Tagged auto industry commentary, autoinformed.com, Ken Zino, lmc automotive
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Renault Group: Sales Drop, Revenues Even, Margins, Profits Up
“These first half results are a proof of this: despite all the headwinds related to the stop of the activity in Russia, the semiconductor crisis and cost inflation, the Group continues to improve its operating performance and is beginning to benefit from the success of new launches,” Renault Group said. Continue reading
Pro Consumer Milestones: California Mandates 100% Zero Emissions Vehicles by 2035. More States Certain to Follow
The CARB regulation codifies the light-duty vehicle goals set out in Governor Newsom’s Executive Order N-79-20. Transportation is responsible for ~50% of greenhouse gas emissions (when accounting for fuel production emissions) and 80% of air pollutants in California. States that now follow California’s vehicle rules are expected to adopt these regulations through their rulemakings. These states constitute ~40% of the nation’s new car sales.* Continue reading →