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Category Archives: sales
US Vehicle Sales to Rise in October?
However, complete U.S. new-vehicle sales including all transactions for October are projected to reach 1,321,400 units, a -4.5% decrease from October 2019 when adjusted for selling days. The seasonally adjusted annualized rate, aka SAAR, for total new vehicle sales is expected to be 15.9 million units, down 0.8 million units from 2019, the least year-over-year decline since the pandemic began. This is the annual output of two to four final assembly plants, without considering the component parts plants from internal or external sources. Continue reading
Groupe Renault Q3 Revenues -8% at €10,374m, Sales -6%
“This third quarter highlights the change in our commercial policy, which now focuses on profitability rather than volumes.” Our EV performance, our E-TECH hybrid models which have been very well received…” claimed Luca de Meo, CEO of Renault. Group revenues reached €10,374 million (-8.2%) in the quarter. Continue reading
Ford Pickup Truck Sales Best Q3 in 15 Years. Cars Dead
Ford’s overall pickup sales of combined F-Series and Ranger totaled 249,997 pickups. This was Ford’s best Q3 pickup sales since 2005, with combined sales up 4.0% over a year ago. F-Series Q3 retail sales were up 10.1% over a year ago and are back above pre-corona virus sales levels. Total F-Series sales of 221,647 for the quarter were up 3.5%. Continue reading
Posted in economy, sales
Tagged auto industry commentary, autoinformed, autoinformed.com, ford motor, Jim Farley, Ken Zino
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Covid Casualties – GM US Q3 Sales Drop Year over Year
GM tried to spin the weak Q3 as the Seasonally Adjusted Selling Rate – aka SAAR – was ~15.9 million vehicles for the quarter, up about 4 million units from the previous disastrous pandemic quarter. Mention was made of the pent-up demand effect that started at the end of Q1 continuing through Q2 as the economy was mimicking the Great Depression because of the Covid shutdown. Continue reading
Posted in economy, environment, sales
Tagged auto industry commentary, autoinformed, autoinformed.com, COVID-19, gm sales, Ken Zino
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August Vehicle Sales to Drop as Prices Hit Record High
Reporting the same numbers without controlling for the number of selling days translates to a decrease of -16.8% from a year ago. While the decline vs. August 2019 is substantial and reflects the ongoing do nothing about COVID-19 attitude of the hapless Trump reign, August 2020 contains two fewer selling days than August 2019. It also has no help from promotions during the Labor Day weekend, which is after the August sales close. Continue reading
Electric Vehicles Set Record 18% EU Market Share in July
The global pandemic’s negative effect on the economy has not influenced consumer’s interest in electrified vehicles. July 2020 was a record-breaking month for EV registrations with volume up 131% year on year to 230,700. Though still small in relative terms, this is the first time that EVs were bought by more than 200,00 consumers in a single month. Continue reading
Porsche Global Sales Drop -12% at 116,964 Through June
China remains the sports car manufacturer’s largest single market in terms of volume. In addition, Korea and Japan were strong markets in the region with sales of 4,242 and 3,675 units respectively, each showing double-digit growth rates over the prior year. 32,312 cars were supplied to European customers. In the US, Porsche supplied 24,186 cars between January and June – a -20% drop – under the fumbling Trump administration’s failure to address the COVID crisis. Continue reading
Posted in economy, results, sales
Tagged auto industry commentary, autoinformed, autoinformed.com, COVID-19, Ken Zino, porsche sales
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GM Reports Q2 US Sales at -34% Year-over-Year
“While the industry experienced significant declines due to the outbreak of COVID-19, full-size pickup truck sales performed exceptionally well, and overall sales showed signs of recovery, especially deliveries to retail customers,” GM claimed. Continue reading
Posted in economy, sales
Tagged auto industry commentary, autoinformed.com, GM sales Q2, Ken Zino
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Global Vehicle Sales Improve but COVID Wave 2 Lurks
This now looks like a long shot to AutoInformed with the US leading the way in spreading new infections and fatalities from the maskless and clueless Trump misadministration. In the US, a repetition of the ‘cash for clunkers’ scheme could potentially lift sales, “but this has yet to be fully debated or agreed,” says LMC. Continue reading
US June Retail Sales Down -6% from Pre-Virus Forecast
The sales came at a high price, though, Record levels of manufacturer incentives for the month of June are supporting the recovery. Incentive spending should reach $4,411 in June, the highest ever for the month and an increase of $445 from June 2019. Incentives on cars are expected to be up $459 to $4,031, with trucks/SUVs up $407 to $4,524. Continue reading
Posted in marketing, results, sales
Tagged auto industry commentary, autoinformed.com, j.d power, Ken Zino, Thomas King, US June vehicle forecast
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March EU Commercial Vehicle Registrations -47.3%
Every vehicle segment was deeply affected by the fallout of the COVID-19 outbreak. All 27 EU markets recorded substantial declines last month. The strongest drops were posted by Italy (-66.1%), Spain (-64.4%) and France (-63.1%). Continue reading
Posted in economy, sales
Tagged acea, auto industry commentary, autoinformed.com, COVID-19 denials, eu commercial vehicle sales, Kenneth Zino
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Ford Mustang Touts World’s Best-Selling Sports Car Tag
Mustang sold 102,090 units, according to the most recent new vehicle registration data from IHS Markit, making it the best-selling sports car in the world in 2019. During this period, Mustang sales in Germany increased 33%, in Poland sales rose by nearly 50%, and in France, they nearly doubled from laughably small bases. Continue reading
2020 Commercial Vehicle Production Forecast down -22%
Global commercial vehicle production (GVW 4-8) volumes in 2020 compared to 2019 are forecast to be down -22% or more than 650,000 units to 2.6 million units because of the COVID-19 pandemic, according to the most recent analysis from IHS Markit (NYSE: INFO). Continue reading
Whither US Vehicle Sales in 2021? Is 14 Million a Stretch?
AutoInformed puts it to you thus: This is the market price of failed ideologies grimly held by blind true-believers who ignore real data-backed consequences, scientists, epidemiologists, economists and political scientists to their own detriment – if not indeed their own self destruction. Continue reading →