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Category Archives: sales
Fleet or Fire Sale? SIXT to Buy 250,000 Stellantis Vehicles
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
Posted in auto news, blog, car sharing, connected vehicles, electric vehicles, marketing, mobility company, news analysis, sales, transportation
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Ken Zino, Konstantin Sixt, Mobilisights, Sixt SE. Carlos Tavares
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Manheim – Used-Vehicle Values Fall -21% from All-Time High
“We ended 2023 with about half of the used-vehicle value decline we saw in 2022, but still more than we’d see in a typical year,” said Cox Automotive Chief Economist Jonathan Smoke. “For 2024, the key word for the wholesale market is ‘normalcy.’ Manheim expects constrained growth with a volume increase of less than 1%. As for price patterns, we anticipate a normalization trend, and we expect that 2024 will be the first year in five where we will experience fairly normal depreciation in the wholesale market.” Continue reading
Western EU Car Sales Down ~5% in 2023
The Western Europe PV selling rate rose to 13 million units/year in December 2023, with 951,000 car registrations in the month. Compared year-over-year (YoY ), sales were down almost 5%, though that compares to a strong December 2022, according to an analysis just released by European Light Vehicle Sales Forecasting Team at the GlobalData consultancy.The region finished 2023 overall with 11.6 million units, higher than the 10.1 million units recorded in 2022, but well behind the 14.3 million units registered in pre-covid 2019. Continue reading
Bidenomics – Sales Soaring as US Auto Market Ends 2023
“December has traditionally been a good time of year to buy a vehicle as automakers seek to hit year-end targets, but that had been less true in recent years amid tight inventory levels. However, with stocks now significantly replenished across the industry, discounting was back on the agenda last month. Consumers who have been sitting on the sidelines appear to have been willing to jump back into the new vehicle market again, although it also seems that fleet deliveries accounted for some of the December surge,” said David Oakley, Manager, Americas Sales Forecasts, GlobalData. Continue reading
Posted in auto news, economy, manufacturing, marketing, news analysis, sales
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Bidenomics, David Oakley, GlobalData, Jeff Schuster, Ken Zino, US light vehicle sales December and CY 2023, US post covid recovery
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China Vehicle Sales at Record High in November 2023
“The main driving force of this year’s exports was the improved competitiveness of Chinese products and the breakthrough into the European and American markets. Also, the international brands in the Russian market have now been fully replaced by Chinese vehicles because of the Russia-Ukraine crisis. In addition, a huge export increase has resulted from the improvement in China’s NEV competitiveness. As long as there is stable market demand in the world, there is still plenty of scope for developing China’s auto exports in the future,” GlobalData said. Continue reading
Posted in auto news, economy, manufacturing, milestones, news analysis, results, sales
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, GlobalData Asia-Pacific Light Vehicle Sales Forecasting Team, GlobalData consultancy, Ken Zino, oxford economics
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Ford Motor US Sales Up 7% in 2023
“In a year of challenges, from a labor strike to supply issues, our amazing lineup of gas, electric and hybrid vehicles and our fantastic dealers delivered solid growth and momentum. We have the products that customers want,” said Jim Farley, Ford president and CEO. Continue reading
American Honda 2023 Sales Up More than 30%
“We began 2023 optimistic for increased sales volumes, with our commitment to fun-to-drive cars, a refreshed light truck line-up and increasing hybrid-electric volumes. To have achieved a 33% increase over last year’s sales is an incredible testament to the strength of our products, dealer network and brands,” said Mamadou Diallo, senior vice president of Auto Sales at American Honda Motor Co. Continue reading
GM Delivers 2.6 Million Vehicles in US During 2023
General Motors (NYSE: GM) said today that it along with GM dealers delivered 2.6 million vehicles in the US during calendar year 2023. This was an increase of 14% year-over-year reflecting the ongoing Biden Administration economic recovery, in AutoInformed’s view. Continue reading
Toyota North America December 2023 Sales Up 7%
Toyota Motor North America (NYSE:TM) today reported year-end 2023 total US sales of 2,248,477 Toyota and Lexus brand vehicles, an increase of 6.6% on a volume basis or 7% on a daily selling rate (DSR) basis when compared to 2022. … Continue reading
Posted in auto news, economy, marketing, news analysis, results, sales
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Jack Hollis, Ken Zino, lexus sales, NYSE:TM, TMNA 2023 calendar year sales, Toyota Motor North America, toyota sales
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Nissan Motor Global Production up 27% in November
Nissan Motor said today in Yokohama that global production of passenger and commercial vehicles in November surpassed year-earlier results by 27.4% (317,233). Production in Japan also rose Year-over-Year (YoY) by 21.3 % (68,683). Furthermore production outside Japan rose YoY by 29.2% (248,550). In the US production during November at 48,056 was up +16.8%. Continue reading
Bidenomics – People Spend Record $578B on New Vehicles
“December results cap off the year with a strong performance, illustrated by double-digit year-over-year sales growth and the second-highest consumer expenditure on new vehicles ever recorded for the month. Total sales of just under 15.5 million for 2023, represent a significant increase of 12.8% from 2022, when just 13.7 million vehicles were sold. What’s even more noteworthy is that consumer expenditure on new vehicles in 2023 set a record of $578 billion. This is the third consecutive year in which U.S. consumers spent more than half a trillion dollars buying new vehicles,” said Thomas King, president of the data and analytics division at J.D. Power. Continue reading
Posted in auto news, economy, marketing, news analysis, people, results, sales
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Biden Administration economic recovery, December 2023 US vehicle sales forecast, GlobalData, j.d power, Ken Zino, Thomas King
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November 2023 EU Car Market Grows on Mixed Results
In November 2023, the EU’ car market grew by 6.7%, according to data just released by ACEA.* This was the sixteenth consecutive month of expansion. There were substantial double-digit gains in some markets, including two of the largest: Italy (+16.2%) and France (+14%).
However, the German car market retracted, recording a -5.7% decline compared to November 2022, which provided a small base line for comparison across the EU. Overall new car registrations were +6.7% in November; with a battery electric market share at 16.3%. Eleven months into 2023, new car registrations increased by 15.7%, reaching nearly ten million units. With the exception of Hungary, all EU markets grew during this eleven-month period. The four largest markets contributed to this trend: Italy (+20%), Spain (+17.3%), France (+16.2%), and Germany (+11.4%). Continue reading
Forecast is Finally Normal for 2024 US Auto Market
“Our research suggests that Americans are putting more emphasis on buying/owning personal transportation, in contrast to 2018 and 2019, when consumers put a higher value on “access to transportation,” said Jonathan Smoke Cox Automotive Chief Economist. “And after tumbling in 2021 and 2022, satisfaction with the car buying process is expected to improve in the year ahead, thanks in part to better inventory and the return of discounting, but also from improved processes at the dealership that save time and make car buying more efficient.” Continue reading
November Global Light Vehicle Sales at 94,000,000 Annually
“US sales were helped by agreements being settled between the Detroit 3 OEMs and the UAW, ending the strikes, along with increased incentives during Thanksgiving and Black Friday. China’s market in November also benefited from heavy incentives and discounts by OEMs and dealerships. Meanwhile, European regions continued their recovery. With supply constraints fading, adverse macroeconomic headwinds are a concern heading into 2024,” according to the GlobalData Light Vehicle Sales Forecasting Team. Continue reading
Stellantis NA COO Mark Stewart Out. Carlos Zarlenga In
“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 →