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Category Archives: sales
Parked: August US Light Vehicle Sales Still at 1.1M
Thanks to an accounting quirk, US Light Vehicle sales were up by 4% YoY compared to August 2021. This positive number comes from a weak 2021 base and an extra selling day, instead of a real recovery of the market, according to an analysis by LMC Automotive* just released. However, actual volumes in the last three months have been flat at ~1.13 million units. Continue reading
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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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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US July Sales Forecast Down. Prices, Profits Still Records
Total new-vehicle sales for July 2022, including retail and non-retail transactions, are projected to reach 1,159,700 units, a 5.7% decrease from July 2021. Comparing the sales volume without adjusting for the number of selling days translates to a decrease of 9.2% from 2021. The seasonally adjusted annualized rate (SAAR) for total new-vehicle sales is expected to be 13.7 million units, down 0.9 million units from 2021. Continue reading
NHTSA: Investigation on Sudden Bronco Engine Failures
It the latest example of ongoing Ford Motor quality problems and safety defects. Ford said during the Bronco introduction: “The all-new Bronco® two- and four-door traditional midsize SUVs represent the flagship models for the Built Wild™ Bronco brand and are ready to deliver thrilling off-road experiences with their heritage-inspired style, rugged engineering and smart off-road technology.” Continue reading
Porsche Sales Drop -5% at 146K Through Q2 of 2022
“We and our dealers have successfully navigated a first half-year shaped by external factors and uncertainties,” said Detlev von Platen, Board Member for Sales and Marketing at Porsche AG. “In addition to the difficulties posed by the resurgence of the COVID pandemic in China and other markets, ongoing supply-chain- and logistics-related challenges have accompanied us. At the same time, the desirability of our brand and popularity of our products remains strong. We expect the second half-year to be dynamic.” Continue reading
Posted in sales
Tagged auto industry commentary, autoinformed.com, cayenne, Detlev von Platen, Ken Zino, Taycan
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June Global Light Vehicle Sales Still Lag 2021
The Global Light Vehicle (LV) selling rate rose to 85 mn units/year in June 2022, making it the best result in 2022 to date. However, in year-to-date (YTD) terms, sales are -8.5% below the same period in 2021, according to … Continue reading
Alpine Sales up 70% at 1710 for Q1 and Q2
“Alpine turned in a remarkable sales performance in the first semester despite the challenging economic context. Over the last 18 months, the brand has set in motion a vigorous dynamic by restructuring, commercial development and the introduction of new models.” Continue reading
West European Car Sales Remain Weak at 9.8M Annual Rate
“With June usually a relatively strong month for new vehicle registrations, last month disappointed due to ongoing supply problems. However, in raw data terms last month’s figure did improve by over 100k units, which within the context of a supply- constrained market does indicate some progress for the region,” said LMC. Continue reading
Posted in economy, sales
Tagged auto industry commentary, autoinformed.com, Ken Zino, lmc automotive
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Demand Greater than Supply during June in US
“The shortage of microchips continues to limit vehicle production, but it’s not the only hurdle. Numerous other supply chain disruptions have limited OEM production, and many OEMs continue to nearly complete their vehicles and park them while they await chips. Unfortunately, these supply chain issues will continue to limit new-vehicle production, inventory and sales levels for the rest of the year,” said Patrick Manzi, chief economist of the National Automobile Dealers Association. Continue reading
Posted in economy, news analysis, sales
Tagged auto industry commentary, autoinformed.com, j.d power, Ken Zino, nada, Patrick Manzi
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Ford June US Sales Up 31%, YTD -8%
The year-over year comparison did not mention that Ford Motor looked to have been affected the most, as shortage-related plant shutdowns left its facilities running at just 55% of total capacity through May of calendar year 2021. Continue reading
Posted in sales
Tagged auto industry commentary, autoinformed.com, Ford June 20220 US sales, Ken Zino
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Volkswagen of America Q2 Sales Down -34% at 78,281
The sales disaster went without comment from Volkswagen, which might mirror VW’s sentiments about the American market where it has been struggling for a long time. Continue reading
Posted in economy, sales
Tagged auto industry commentary, autoinformed.com, Ken Zino, VWoA
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BMW North America Q2 US Sales: BMW -18.3%, Mini -45%
We are pleased that demand remains strong, however this quarter was not without its challenges, as our sales were constricted only by the limitations of available inventory,” said Sebastian Mackensen, President and CEO, BMW of North America. Continue reading
Posted in economy, sales
Tagged auto industry commentary, autoinformed.com, Ken Zino, Sebastian Mackensen
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Subaru of America June Sales Flat, Q2 -18%
Subaru also reported year-to-date sales of 263,795, a -17.9 % decrease compared with the same period in 2021. Subaru said it continues to face inventory challenges as the result of microchip and supply chain issues affecting automakers globally. Continue reading
Posted in economy, sales
Tagged auto industry commentary, autoinformed.com, Ken Zino, Thomas J. Doll
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August EU Car Sales Increased after 13 Months of Decline
During August, the European new car market returned to growth (+4.4%), bringing an end to thirteen months of consecutive decline. Nonetheless, with 650,305 units registered this remains far below pre-pandemic levels. All the key EU markets positively contributed to the region’s growth, with gains seen in Italy (+9.9%), Spain (+9.1%), France (+3.8%) and Germany (+3.0%). Continue reading →