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Category Archives: sales
US New Vehicle Sales in May Forecast as Record Setting. Global Sales are Another Matter Entirely
Total new-vehicle sales for May 2021, including retail and non-retail transactions, are projected to reach 1,555,600, a 39.6% increase from May 2020 and a 1.9% decrease from May 2019. The seasonally adjusted annualized rate (SAAR) for total new-vehicle sales is expected to be 16.7 million units, up 4.7 million units from 2020 but down 0.7 million units from 2019. The overall sales results for manufacturers will be mixed. Some are experiencing greater production problems because of semiconductor shortage. This will hurt, perhaps materially in the financial sense, various manufacturers monthly sales and profit performance for May and the months to come. Continue reading
Honda Motor Posts FY 2021 Operating Profit of ¥660.2 Billion
Consolidated profit for the year attributable to owners of the parent company faced a year-on-year increase that amounted to 657.4 billion yen, due also to an increase in the share of profit of investments accounted for using the equity method. Continue reading
Mazda FY 2021 Financial Results – Net Income -81%
Mazda’s global sales volume from April 2020 through March 2021 decreased 9.3% year-on-year because of decreased sales in Europe and other regions. China and the US posted ~7% gains. Continue reading
April Global Sales – North America Up, Elsewhere Unsettled
Helped by President Biden’s economic stimulus in the face of Republican obstructionism, and states re-opening, the record setting rate of US Light Vehicle sales continued in April. Sales of 1.54 million units were the highest-ever volume for that month. Continue reading
GM Posts Formidable First-Quarter 2021 Results
During a call to media and investors GM said it confident in its full-year 2021 guidance outlined earlier this year as it works to manage through the semiconductor shortage, which is impacting all automakers globally. Based on information available today, the company expects to be at the higher-end of the EBIT-adjusted range of the forecast. Continue reading
Ford Rides Biden Administration’s Economic Recovery Surge and a Record April SAAR to a Good Sales Result
Ford’s gross inventory at the end of April remains favorable relative to competitors, according to Ford – a debatable assertion since it also signals a lack of flexibility and response in trimming what are non-performing assets. Continue reading
Posted in news analysis, sales
Tagged auto industry commentary, autoinformed, autoinformed.com, Ford April US Sales, Ken Zino
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Kia April Global Sales Recovery from Covid Contraction
Sales recovered in the U.S. led by Telluride and Seltos SUV models, which also helped this year’s strong global results. Kia recorded its second best-ever monthly sales in the U.S., with five Kia models setting sales records this April helped by a competent Federal Government taking demonstrably successful steps to address the Covid pandemic. Continue reading
Posted in sales
Tagged auto industry commentary, autoinformed, autoinformed.com, Ken Zino, Kia April Global Sales
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Hyundai Motor America Posts Record April 2021 Sales
Hyundai Motor America reported total April sales of 77,523 units, a 128% increase compared with April 2020. This is consistent with other makers’ results since last April a Fool was in the White House promoting bleach as a Covid cure as the pandemic increased in severity with disastrous social, employment and economic consequences. Continue reading
Posted in sales
Tagged auto industry commentary, autoinformed, autoinformed.com, Ken Zino
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Mazda Reports North American April Sales Results of 31,000
Mazda North American Operations (MNAO) today reported total April sales of 31,117 vehicles, an increase of 184.4% compared to the Covid disaster month of April 2020 – one of many under the previous “drink bleach” federal administration. Continue reading
FY2021 Toyota Sales, Production Drop Less than 10%
Toyota’s global sales and production have both been up year-on-year since September 2020, enabling Toyota to limit the year-on-year decline in sales and production to less than -10% in FY2021 ending 31 March 2021. Additionally, Toyota has maintained domestic production at the 3-million-unit level. Continue reading
Posted in manufacturing, sales
Tagged auto industry commentary, autoinformed.com, Ken Zino, Toyota FY2021 Results
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Mustang – World’s Best-Selling Sports Car, Sports Coupe Titles
The United States remains the strongest global market for Mustang, representing ~75% of total sales. Texas (8,600 vehicles), California (6,200 vehicles) and Florida (5,864 vehicles) remain the top markets. Supporting “bit roles” in Mustang retaining its title were increased sales in various European markets. Continue reading
Posted in sales
Tagged auto industry commentary, autoinformed, autoinformed.com, ford mustang, Ken Zino
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US March Vehicle Sales Rebound. Beating the COVID Reaper?
March 2021 sales were likely increased by delayed sales caused by harsh February winter weather. Then there’s the increase from stimulus checks following the passage of the Biden administration’s COVID-19 relief bill, which no Republican voted for. Continue reading
Posted in news analysis, sales
Tagged auto industry commentary, autoinformed, autoinformed.com, j.d power, Ken Zino, nada
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Covid Curse – EU Sales Drop 19% in February, -22% YTD
With 771,486 units registered across the EU region, according to ACEA, this marked the lowest February total on record since 2013. All four major EU markets recorded losses last month. Italy posted the smallest drop (-12.3%), while the other markets faced stronger deterioration: Germany (-19.0%), France (-20.9%) and Spain (-38.4%). Continue reading
Posted in economy, sales
Tagged acea, auto industry commentary, autoinformed, autoinformed.com, Covid, Ken Zino
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Volvo Cars Posts a +29% Global Sales Increase in 2021
In China, Volvo Cars sold 29,243 cars in the first two months of the year, up 160.6% year-on-year, as the company managed to more than recover lost sales due to Covid-19 shutdowns last year. For the month of February, Volvo Cars sold a total of 50,795 cars, up 27.8% compared with the same month last year, and the company’s best February sales performance ever. Continue reading
Posted in results, sales
Tagged auto industry commentary, autoinformed, autoinformed.com, Ken Zino
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May US Light Vehicle Sales – Start of an Affordability Slump?
But there is more going on here, AutoInformed opines, given current market conditions. While automakers and the business press have been chasing the semi-conductor shortage, many claim May’s drop in sales are the effects of a supply and demand imbalance. However, the vehicle mix of highly-equipped vehicles, plentiful low-interest-rate money, and the headlong rush into electric vehicles – priced above an average working person’s ability to carry the loan – are starting to make light vehicles unaffordable to the working and middle classes. Continue reading →