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Category Archives: sales
GM Q2 US Sales Down -15%
“GM’s sales and market share have grown each of the last three quarters, even with lingering supply chain disruptions,” said Steve Carlisle, GM executive vice president and president, North America. “Our long-term momentum will continue to build thanks to the launches of groundbreaking new EVs like the GMC HUMMER EV and Cadillac LYRIQ, and the tremendous customer response to the Chevrolet Silverado and GMC Sierra,” claimed Carlisle. Continue reading
Posted in economy, sales
Tagged auto industry commentary, autoinformed.com, Ken Zino, Steve Carlisle
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Toyota Motor North America June US Sales Down -17.9%
“Despite the ongoing inventory challenges, so far this year, we launched a number of highly anticipated new products, including the Toyota battery electric bZ4X, Tundra and hybrid Tundra, and the Lexus LX, while continuing to closely focus on taking care of our customers,” said Jack Hollis, executive vice president, Sales, TMNA. Continue reading
Posted in economy, sales
Tagged auto industry commentary, autoinformed.com, Jack Hollis, Ken Zino, TMNA
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US June Vehicle Sales Forecast is Down on Record Prices
New-vehicle retail sales in Q2 2022 are projected to reach 2,977,300 units, a 23.3% decrease from Q2 2021 when adjusted for selling days. New-vehicle retail sales for the first six months 2022 are projected to reach 5,827,300 units, a 19.1% decrease from the first six months of 2021 when adjusted for selling days. The first half of 2021 was an all-time record for retail sales. Power/LMC make no note of the Federal Reserve Board, which appears to be dedicated to sending and keeping the economy in a recession. Continue reading
Posted in economy, sales
Tagged auto industry commentary, autoinformed.com, J.D. Power and LMC Automotive, Ken Zino, Thomas King
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Europe’s Diesel Addiction Continues Starting with Germany
This was “in a depressed market that is suffering not only from supply issues, but perhaps starting to feel the beginnings of a consumer slowdown, although that is thought to be a relatively minor part of the problem as the order backlog remains significant,” the respected LMC Automotive* consultancy said today. Continue reading
Posted in economy, environment, news analysis, sales
Tagged auto industry commentary, autoinformed.com, Death of the diesel, Ken Zino, lmc automotive
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No Joy in May Global Light Vehicles Sales
In year-over-year comparison terms, sales were down 10%. In China, the reopening of manufacturing facilities in mid-April supported a rebound in sales for a moment. In the US, the industry is beset with problems, many of them self-inflected, including record high transaction prices, low inventory, and low incentives. Continue reading
Posted in economy, sales
Tagged auto industry commentary, autoinformed.com, Ken Zino, lmc automotive
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US May Auto Sales – Record Prices as Sales Plunge -29%
“Headwinds continue to stack against a sustained market recovery and stability in vehicle supply. We expect the economy and auto market to remain plagued by volatility for the foreseeable future. Given the elevated risk, it is plausible for 2022 to turn to negative from the 2021 level, with volume down to 14.7 million units. Continue reading
Posted in economy, sales
Tagged auto industry commentary, autoinformed.com, GlobalData, j.d power, Jeff Schuster, Ken Zino, lmc automotive, May 2022 US Auto Sales, nada
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Ford Motor US Sales Drop Again in May. Shakeout Coming?
Ford Motor no longer bothers to hold press conferences covering monthly sales. Yesterday Jim Farley, President and Chief Executive Officer when asked at the Alliance Bernstein Strategic Decisions Conference about Tesla and five other EV companies with a market cap above $20 billion – meaning the market is saying there’re at least six credible new entrants – said, “We’re going to see very large consolidation and big changes. I would say new EV companies probably will get simpler and Chinese will become more important… Continue reading
Posted in electric vehicles, mobility company, news analysis, sales
Tagged auto industry commentary, autoinformed.com, Jim Farley, Ken Zino
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BREXIT Curse – UK Car Production Falls -11.3% in April
UK car production fell -11.3% in April year-on-year with 60,554 units rolling off factory lines, according to the latest figures released today by the Society of Motor Manufacturers and Traders (SMMT). The ongoing global shortage of semi-conductors, the impact of … Continue reading
Pure EV Sales at All-Time Record in US
Pure EV Sales at All-Time Record in US, whose transaction prices are close to a $70,000 making them a new category – Luxury Clean – in AutoInformed’s view. Republicans, with a history of backing from Big Oil, continue to block the Biden Administration’s Build Back Better bill that addresses drastic climate change and prepares the way for a cleaner future. Continue reading
Posted in economy, environment, global warming, news analysis, sales
Tagged auto industry commentary, autoinformed.com, BEV, fuel cell, Ken Zino, PHEV
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EU Passenger Car Sales Drop 21% in April
With the exception of the pandemic year in 2020, this was the weakest April result in terms of volumes sold since records began. Put another way, Russian roulette is a bad game. All major markets contributed to the region’s negative performance: Italy (-33.0%), France (-22.6%), Germany (-21.5%) and Spain (-12.1%), according to ACEA Continue reading
ASEAN Light Vehicle Sales Still Soaring in March
ASEAN LV sales continued to increase in March (+17% YoY and +32% MoM), improving Q1 2021 sales by 23% YoY, according to the LMC Automotive consultancy. LMC attributed this to falling COVID-19 cases leading to normalizing economic activity and mobility in the region. “As a result, overall ASEAN LV sales are now increased to 3.10 mn units, or a 13% YoY increase, this year,” said LMC. Continue reading
Posted in sales
Tagged ASEAN Light Vehicle, auto industry commentary, autoinformed.com, Ken Zino, lmc automotive
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West European Car Sales Decline in April to 8.8 Million
“Supply chain bottlenecks still the key reason for the depressed level of registration statistics. The war in Ukraine, as well as lock-downs in China, will likely exacerbate supply issues, meaning vehicle sales will continue to suffer from a lack of adequate supply,” LMC said today. Continue reading
Posted in sales
Tagged acea, auto industry commentary, autoinformed.com, China lockdowns, Ken Zino, lmc automotive, Ukraine, West European sales
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US April Sales Up 6.5%. SAAR Down -21.9% YoY
“However, April 2022’s SAAR was down by 21.9% compared to the stellar sales pace seen in April of 2021 which was driven by strong consumer demand and enough inventory available to meet that demand. April 2021 was one of the last sales months before inventory began to decline significantly and limit the sales pace. We don’t expect that April’s month-end inventory level will change much from March’s level of 1.23 million units as the industry is still unable to produce enough vehicles to meet current demand, let alone restock dealer lots,” said Patrick Manzi, NADA’s Chief Economist. Continue reading
Posted in sales
Tagged auto industry commentary, autoinformed.com, Ken Zino, lmc automotive, nada, Patrick Manzi
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Auto Loan, Lease Total at Record $1.3 Trillion during 2021
“Auto finance growth in 2021 was largely driven by strong – and expensive – used cars, which bolstered originations,” said Marcie Belles, author of the report… “many financiers recorded lower ratios of new cars in their portfolios. Still, origination volume has been nearly restored to pre-COVID levels, and it continues to climb.” Continue reading
Posted in economy, news analysis, prices, sales
Tagged auto industry commentary, autoinformed.com, Big Wheels Auto Finance, Ken Zino, Marcie Belles
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Hyundai Motor America June Sales Down -12.9%
June was the highest sales month in 2022.Hyundai sold 184,191 units in Q2 and 343,867 units during the first half of 2022. Hyundai had no fleet sales in the first half of 2022. Continue reading →