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Category Archives: sales
EU Passenger Car Sales: -25.6% Q1 2020; -55.1% in March
With containment / lock-down measures taking hold in most markets from around the middle of the month, the vast majority of European dealerships were closed during the second half of March. Consequently, demand across the region fell by more than half last month, dropping from 1,264,569 units registered in March 2019 to 567,308 units. Continue reading
Posted in results, sales
Tagged auto industry commentary, autoinformed.com, COVID-19 Depression, Kenneth Zino, Q1 2020 EU Sales
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Corona Crisis – March UK New Car Registrations Fall -44.4%
The performance represented a steeper fall than during the 2009 financial crisis and the worst March since the late nineties when the market changed to the bi-annual plate change system. With lock-downs taking place in many European countries earlier than the UK, even more dramatic falls have been reported elsewhere, with Italy down -85%, France -72% and Spain down -69% in March. Continue reading
Volkswagen of America’s Q1 Sales Drop -13%. March Off -42%
In fact, SUV share of sales -Atlas and Tiguan – in Q1 2020 were 50% of the 75,075 deliveries reported. Continue reading
FCA US Reports Q1 Sales Drop -10%
FCA US reported a 10% decline in its first-quarter sales as the positive momentum in January and February was more than offset by the country’s unpreparedness for the ongoing coronavirus that is still running rampant. For the quarter, U.S. sales were 446,768 vehicles compared with 498,425 for the same period a year earlier. Retail sales were 306,898 vehicles for the quarter. Fleet accounted for 31% of total sales. Continue reading
Posted in economy, environment, sales
Tagged auto industry commentary, autoinformed.com, COVID-19 Pandemic, FCA ORE, FCA Q1 US Sales, Kenneth Zino
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GM First-Quarter U.S. Sales Drop -7% to 618,335
President Trump admitted yesterday that the US is looking at a painful two weeks of deaths from the COVID-19 virus. Public health experts have been less optimistic. The GM announcement comes as all of the Detroit Three have postponed resumption of vehicle production due in part to the UAW demanding safe work spaces. Unbelievable that there are still states without shelter-in-place orders. Continue reading
Posted in economy, environment, manufacturing, safety, sales
Tagged auto industry commentary, autoinformed.com, COVID-19 Pandemic, gm sales, Kenneth Zino
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LMC Automotive Now Projects Double the Decline of the Great Recession in Light Vehicle Sales During 2020
LMC currently is forecasting 2020 global Light Vehicle sales to fall below 77 million units, a decline of nearly 14 million units or -15% from the 2019 level. For comparison, global Light Vehicle sales fell 6 million units from 2007-2009 to 64 million units, a two-year decline of 8.7%, or 4.5% CAGR. Continue reading
Volkswagen Group Closes 2019 Books
The spread of coronavirus is currently impacting the global economy. It is uncertain how severely or for how long this will also affect the Volkswagen Group. Currently, it is almost impossible to make a reliable forecast. Continue reading
Posted in financial results, sales
Tagged auto industry commentary, autoinformed.com, Kenneth Zino, porsche, Scania, seat, skoda, volkswagen group
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COVID-19 Chaos as LMC Automotive Cuts Global Light Vehicle Sales Forecast by 3.7 Million Units
Whether you believe there is a public overreaction or that COVID-19 is actually a public health crisis headed for pandemic status, there is no denying the expected negative impact it will have on the economy and auto industry. Continue reading
Online Car Buying Trends
“We’ve amassed a wealth of data from the 177,549 cars we sold online in 2019, providing valuable insights for our industry-first report of online car buying,” said Ernie Garcia, Carvana founder and CEO. Continue reading
Posted in marketing, sales
Tagged auto industry commentary, autoinformed.com, automotive blog, Carvana, Kenneth Zino
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US February Retail Vehicle Sales to Surpass a Million
“Last year it took until September for the industry to reach the current spend levels,” King noted. “While the coronavirus has had no meaningful effect on production yet, it does have the potential to reduce overall inventory levels and lower the need for continued elevated incentives. If unhealthy inventory levels persist throughout the year, however, manufacturers may be faced with spend levels that are pacing towards $5,000 by next year.” Continue reading
Posted in economy, sales
Tagged auto industry commentary, autoinformed.com, automotive blog, j.d power, Kenneth Zino, lmc automotive
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Aston Martin Valkyrie: Formula One Drivers Get First Laps
Each verification prototype – there will be eight built – is exposed to a variety of tests to develop and validate specific attributes that contribute to achieving the performance of what Aston boasts will be the world’s fastest ever road-going hypercar, with a price to match. Continue reading
EU Passenger Car Registrations Decline in January 2020
ACEA claims that major taxation changes announced by some EU member states for 2020 pulled registrations forward into December 2019, explaining the January drop. Continue reading
Posted in economy, sales
Tagged 2020 Geneva Motor Show, auto industry commentary, autoinformed.com, Czinger 21C, eu sales, Kenneth Zino
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U.S. Sales in 2020 – SUVs Will Govern a Down Market?
Compact SUVs during 2019 were the largest segment in the US and declined with the slowing market with a 19.2% share. For 2020, LMC forecasts 20%, thanks to the first full year of sales of the new Ford Escape as well as the ongoing popularity of the Toyota RAV4 and Honda CR-V. Continue reading
Global Light Vehicle Sales Slump. The Party’s Over?
LMC posits we must look at why the market has dropped 5 million units below the 2017 record. A recent blog entry entitled 2019 Review highlights some of the challenges faced by the auto industry. Chief among them are developments in China, with a protracted hangover from the temporary tax cuts of a few years ago, disruption coming from the launch of State VI-compliant vehicles (which varies region by region), along with a slowing economy. Continue reading
Posted in news analysis, sales
Tagged auto industry commentary, autoinformed.com, coronavirus, global vehicle sales, Kenneth Zino, lmc automotive
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Challenging Start in Q1 as Porsche Delivers ~53,000 Vehicles
During the first three months of 2020, Porsche sold 53,125 vehicles to customers worldwide. Compared to the year before, deliveries were down by 5% due to the effects of the coronavirus pandemic. Continue reading →