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Category Archives: sales
EU Car Market Drops in December after 16 Months of Growth
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
Posted in auto news, connected vehicles, economy, electric vehicles, marketing, news analysis, results, sales
Tagged acea, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Death of the diesel, EU car markets sales, GlobalData, Ken Zino, The European Automobile Manufacturers’ Association
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American Honda 2024 Sales Forecast – Acura and Honda Up
“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
Posted in auto news, connected vehicles, economy, electric vehicles, environment, marketing, news analysis, results, sales
Tagged american honda, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, CR-V Fuel Cell Vehicle, Ken Zino, Mamadou Diallo, Prologue SUV, ZDX SUV
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Honda Tops US 2023 HEV Sales with Accord and CR-V
“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
December Global Light Vehicle Sales at 92,000,000 Annual Rate
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
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
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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Western European Market Diesel Car Sales Down in 2023
“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 →