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Category Archives: sales
British Car Manufacturing Declines -19.6% In November
While home production fell by -1.9% in the month, exports experienced a steeper -22.8% drop – falling for the fifth month in a row. Just over 105,000 cars were exported to global markets in November, still representing some eight in every 10 cars leaving British factories. Continue reading
2018 Auto Retail Sales Down. Transaction Prices Set Record
“Despite retail sales falling for the sixth consecutive month, the continued growth in transaction prices is allowing manufacturers to offset lower sales with higher revenue,” claims Thomas King, Senior Vice President of the Data and Analytics Division at J.D. Power. “Consumers are on pace to spend nearly $45 billion on autos in December, up 1% from last year and the highest level ever recorded.” Continue reading
No Deal Brexit to Cost UK Auto Sector £9 Billion Per Year
It’s not only angry Trump voters who are self-destructive, the UK under the Brexit fiasco is about to lose £9 Billion a year due to a conservative Republican-like temper tantrum that will materially hurt middle class workers, as well as society as a whole. Continue reading
Posted in economy, financial results, news analysis, sales
Tagged auto industry commentary, autoinformed, autoinformed.com, automotive blog, Brexit, connected vehicles, honda, jaguar land rover, Ken Zino, lmc automotive, new vehicle reviews, nissan, psa group, toyota, UK light vehicle production, Vauxhall/Opel
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NADA 2019 Light Vehicle Sales Projected at 16.8 Million
Based on a strong November, new-vehicle sales are expected to reach 17 million units in 2018, which would mark the fourth straight year of U.S. auto sales above 17 million units. (see AutoInformed: Auto Loans – Payments Higher, Subprime Lending Lower. The Federal Reserve Board is likely to raise rates in December 2018. More rate increases are likely during the early half of 2019 and then rates are expected to hold.) Continue reading
Posted in economy, marketing, news analysis, results, sales
Tagged auto industry commentary, autoinformed, autoinformed.com, automotive blog, connected vehicles, Ken Zino, nada, NADA Chairman Wes Lutz, national automobile dealers association, new vehicle reviews, new-car dealers, Patrick Manzi, saar
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Global Light Vehicle Sales Fall Again in November
The Chinese LV market continues to slow down, “a major source of concern given the importance of this market to global sales.” Other regions are also struggling, with YoY losses in Europe and North America, though selling rates remain robust in North America. Continue reading
Toyota Motor November US Sales Flat
Reflecting prevailing U.S. market trends TMNA, Toyota and Lexus divisions posted best-ever November for light truck sales. Continue reading
Ford Motor November U.S. Sales Drop -7%
Only one Ford brand car increased its sales year-to-date, except for the new GT (125 total). Overall car sales were off -19.5% for the month (34088), -17.5% for the year at 425,508. Continue reading
U.S. Used Vehicle Prices Drop for Second Consecutive Month
While not a discernible trend yet, it’s another warning that the auto market could be headed for a downturn. Continue reading
November Auto Sales Forecast Down First Time Since 2009
Although sales remain healthy , factors such as increasing market saturation, rising transaction prices and elevated interest rates continue to create problems for all automakers. This probably will continue into 2019, perhaps for all of 2019 AutoInformed opines as the illusion of the Trump tax cuts fades with the reality of declining middle-class wealth emerges. Continue reading
Global Light Vehicle Sales Drop in October
Global Light Vehicle (LV) sales fell 3.8% in year-on-year (YoY) terms in October, while the selling rate rose to 92.2 million units/year, from September’s 90.2 million units/year, according to consultancy LMC. Continue reading
Ford F-Series and HISTORY Launch Six-Hours of ‘Truck Weekend in America.’ World’s Longest Commercial?
This first-of-its-kind collaboration appears to be a commercial – thus far unseen by AutoInformed – that highlights Ford’s truck legacy of “toughness, heritage and performance.”
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October Western European Passenger Car Sales Drop -7.3%
Given the persistence of falling sales in several key markets linked to WLTP-related disruptions, LMC now sees 2018 full-year growth of a mere 0.8%, a little lower than previously. In addition, with the prospects for economic growth now looking slightly weaker in some key markets, LMC have reduced the 2019 West European sales forecast in volume terms with YoY growth seen at, gulp. 0.9%. Continue reading
Toyota 6 Month Financial Results – $11.29 Billion Net Income
Once again Toyota proved its operating prowess, which consistently place it in the running for the largest and mot profitable automaker in the world as it transforms itself into a mobility company to be reckoned with. Continue reading
Used Vehicle Incentives Decrease for the First Time in Years
Whether this is a trend that will save consumers money, or just a blip is debatable and contingent on the U.S. economy and the stated – but not yet implemented – Federal Reserve desire to raise interest rates. Continue reading
Toyota N. America Sales Flat in 2018. Truck Sales Set Record
For the year, TMNA reported sales of 2,426,672 vehicles, a -0.3% decrease on a volume basis and down -0.6 percent on a DSR basis. Continue reading →