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Category Archives: sales
March European Sales Plummet – Supply, Pandemic, War
“Our forecast has been trimmed since last month as registration statistics continue to languish in the face of supply bottlenecks, these exacerbated due to the war. We still anticipate selling rates to improve over the course of 2022 but now at a slower rate than forecast last month. The war will chip away at underlying demand as well, through higher-for-longer inflation and lower real incomes, though our view is that the initial impact on registrations will be felt through a worsening of supply constraints, as, at least for now, demand is still outstripping supply,” LMC said. Continue reading
Posted in results, sales
Tagged auto industry commentary, autoinformed.com, Ken Zino, lmc automotive
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Ford Motor Q1 and March Sales off -17% and -26%. Cars Dying
“While the global semiconductor chip shortage continues to create challenges, we saw improvement in March sales, as in-transit inventory improved 74% over February,” said Andrew Frick, vice president, Sales, Distribution & Trucks. “Our newest products continue to turn at a record pace, as Bronco (truck), Bronco Sport (truck), Mustang Mach-E (EV) and Maverick (truck) had their best combined sales performance yet, with 33,398 vehicles sold.” Doing the math, this doesn’t come close to the ~89,000 deficit in sales. No wonder here that Ford no longer does sales calls for media. Continue reading
Posted in sales
Tagged auto industry commentary, autoinformed.com, Ford US sales declines, Ken Zino
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NA Q1 Light Vehicle Sales Rate at 14.1M, -2.7M YoY
According to GM Chief Economist Elaine Buckberg, industry light vehicle volumes will grow this year and top 2021 levels, thanks to a strong labor market, higher vehicle production and pent-up demand. Continue reading
Posted in sales
Tagged auto industry commentary, autoinformed.com, Ken Zino, Q1 2022 US and North America Sales.
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February EU Commercial Vehicle Registrations Drop -15.7%
From January to February, demand for commercial vehicles in the EU decreased by 13.5% to 257,127 units registered in total. Spain (-21.9%), France (-19.3%), Germany (-5.8%) and Italy (-2.8%) all recorded declines. The negative effects of Putin’s war on Ukraine have yet to be experienced. Continue reading
Posted in sales
Tagged acea, auto industry commentary, autoinformed.com, February EU commercial vehicle sales, Ken Zino
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Global Light Vehicle Sales Rate Drops in February
Even with the disruption to the world’s largest auto market due to the Chinese New Year, sales for the rest of the globe were weaker compared with the month before. Year-on-year (YoY) sales were 1% down on a poor base performance last February. Continue reading
West European Car Sales Flat Before Russian War On Ukraine
Our 2022 PV forecast has become more cautious since last month as supply bottlenecks are expected to be exacerbated from Russia’s invasion of Ukraine and the resulting sanctions. The selling rate is still anticipated to improve over the course of 2022 but at a slower rate than we forecast last month. Aside from the supply disruption, downward pressure is building on underlying demand through inflation and confidence,” LMC warned. Continue reading
Posted in economy, sales
Tagged auto industry commentary, autoinformed.com, Ken Zino, Putin’s War, Ukraine, West European Car Sales
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US Vehicle Sales Weakest Since 2011 – Drop 12% in February
The annualized selling rate, aka SAAR, of 14.0 million units declined in both the monthly and annual comparisons. However, the February SAAR was still 1 million higher than the average rate during the second half of 2021. With the same number of selling days as in January, February’s daily average grew by ~2,000 units/day, to 43,600 units/day – it has floated above the 40,000-unit threshold since November 2021 after President Biden was elected and a recovery from the economic reverses and job losses from the Trump Administration began. Continue reading
Posted in sales
Tagged auto industry commentary, autoinformed.com, Biden Recovery, February vehicles sales, Ken Zino, lmc automotive, saar
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Global Light Vehicle Sales Improved in January 2022
Nonetheless, LMC noted that supply chain issues remain the “key headwind for demand, though last month also saw the rapid spread of Omicron deal a blow to some potential market activity. Reports of an improving supply environment in some markets, including China, means the worst of the crisis is likely over, it remains the key headwind to sales during 2022, overshadowing concerns over inflation and a more subdued economic outlook.” Continue reading
NADA – Light Trucks Dominating Market
According to J.D. Power, the average transaction price for a new light vehicle in January 2022 is expected to reach $44,905. High transaction prices continue to be supported by strong demand and very low OEM discounting. Average incentive spending per unit in January 2022 should total just $1,319, down by $2,163 from January 2021, J.D. Power says. Continued high demand for used vehicles has increased consumers’ equity in their trades. J.D. Power expects the average consumer trade-in equity to be up by 88% year over year for January 2022. Continue reading
Posted in economy, news analysis, sales
Tagged auto industry commentary, autoinformed.com, Ken Zino, nada, Patrick Manzi
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January 2022 US Sales Off 9%. Chips, Supply Chain Issues Bite
Even with an average $45,000 transaction price squeezing people, retail demand remained the driving force of the market because the wealthy fared very well during the Covid crisis. The Biden Administration’s economic recovery, in AutoInformed’s view, also played a huge roll with its surging job creation and forward thinking Build Back Better strategy universally opposed by the Republicans who are largely responsible for the covid disaster that destroyed the US economy. Continue reading
Posted in economy, news analysis, sales
Tagged auto industry commentary, autoinformed.com, January 2022 US sales, Ken Zino, lmc automotive
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Stellantis Doubles China Sales, Bolsters and Consolidates Aftermarket as Jeep Sales Plunge
In an announcement that foreshadows details on Stellantis’ plan for the Chinese market that will be announced as part of a global strategic plan on 1 March 2022, the French conglomerate said Dongfeng Motor* sold more than100,000 vehicles in 2021. This doubled the annual sales volume of 2020. Continue reading
January US New Vehicle Sales to Decline. Profits, Prices Up
The automotive economy is continuing to grow stronger under the Biden Administration recovery. Consumers will spend ~$37.2 billion on new vehicles this month, the highest on record for the month of January and 10% above January 2020. Continue reading
Posted in economy, sales
Tagged auto industry commentary, autoinformed.com, J.D. Power and LMC Automotive, Ken Zino
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Renault 2021 Global Sales at 1,751,089 or -6%
Markets outside of Europe now represent 44% of Renault’s sales (+2 pts vs 2020). The New Renault Duster launch registered sales: 41,000 units in Russia (+31% vs 2020), 22,000 units in Brazil (+15% vs 2020), 6,200 sales in Mexico (+55% vs 2020) and 9,100 sales in Colombia (+34% vs 2020). In India, the new Renault Kiger sold 29,000 units. This is 30% of Renault sales there. Renault claims this “upselling strategy” for this market is working. Continue reading
Posted in electric vehicles, results, sales
Tagged auto industry commentary, autoinformed.com, Ken Zino, Renault sales
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Automobili Lamborghini Posts Record 2021 Sales
Automobili Lamborghini ended 2021 with an all-time record: 8,405 cars delivered worldwide, making it the company’s best year ever, the Italy-based German-owned company said today. Yes, today, even though Italian bankers invented double entry book-keeping, these things take time. Global sales were up by 13% compared to 2020 came the release from Sant’Agata Bolognese of a company that is owned by Volkswagen Group under Audi. Continue reading
EU Registrations: Q1 -12.3%, March -20.5%
The ongoing supply chain interruptions, further exacerbated by Russia’s invasion of Ukraine, negatively affected car production. As a result, most countries in the region recorded double-digit drops in sales, including the four key markets: Spain (-30.2%), Italy (-29.7%), France (-19.5%) and Germany (-17.5%). This compares to Passenger car registrations: -6.4% first two months of 2022; -6.7% in February, which means the trend line is increasingly negative. Continue reading →