Category Archives: sales

GM, Ford Set China Sales Records in June and First Half

Nonetheless, stockholders at Ford Motor are so far not benefiting from the success in China. Rapid expansion and payments to partners are keeping money in China and not returning it to the U.S. as Ford lost $72 million in Asia-Pacific during 2012. General Motors shareholders in theory are doing better. GM’s International Operations full-year EBIT-adjusted was $2.2 billion in 2012 compared with $1.9 billion in 2011. However, GM pays no dividend on common stock. Continue reading

Posted in auto news, sales | Tagged , , , | Leave a comment

European Car Sales Down Again in June. EU Slump Continues

The drop was in stark contrast to the recovering U.S. auto market, which is within a year or two to obtaining pre-Great Depression levels and the booming Chinese market,which at 23 million or more units this year will once again be the world’s largest. Once again the specter stalking European politicians whose austerity policies induced the ongoing human tragedy, is the their leadership role in the unchecked decline, which much like the decline of European power after a generation was slaughtered during WW1 is looking to be structural and permanent. Continue reading

Posted in auto news, economy, sales | Tagged , , , , | Leave a comment

June U.S. Auto Sales Soar to Best Month in Six Years

The resulting seasonally adjusted annual rate or SAAR of 15.96 million vehicles caught the auto industry by surprise and is troublesome for Michigan-based automakers who cut hundreds of thousands of jobs and shut plants during 2008 and 2009. They are are now scrambling to increase capacity using forced overtime and the cancellation of vacations, which demeans workers and assuredly will cause recall and quality problems down the road. Continue reading

Posted in auto news, sales | Tagged , , , , | Leave a comment

Chrysler Group June 2013 U.S. Sales Increase 8%

With the best June sales since the onset of the Bush Administration induced depression, Chrysler Group today reported U.S. sales of 156,686 units, an 8% increase compared with sales in June 2012 (144,811 units), and the group’s best June sales since 2007. Continue reading

Posted in auto news, sales | Tagged , , , | Leave a comment

Western Europe Sales Slump Permanent?

“Flat is the new up in Western Europe,” claims John Hoffecker, co-president of AlixPartners. “Our models show Western European sales reaching a bottom of 12 million units in 2014, and largely remaining there for the foreseeable future – far from the historical peak of 2007, when 16.8 million units were sold. Continue reading

Posted in auto news, economy, sales | Tagged , , , , , | Leave a comment

U.S. June Vehicle Sales Forecast Up. Prices Highest in History

Unfortunately, for buyers, the strong selling rate is matched by strong transaction prices. Thus far, in June, the average transaction price of new vehicles is $28,900, the highest ever for the month, according to J.D. Power, the source of the data. Continue reading

Posted in auto news, sales | Tagged , , , , | Leave a comment

GM Maintains Number One Spot in China over VW Group

In the closely watched sales race in China, the world’s largest car market by far, the reigning champion GM held off its strongest contender, VW Group, for the Number One position, according to sales numbers through May. Continue reading

Posted in auto news, sales | Tagged , , , , , , | Leave a comment

2013 Global Light Vehicle Sales Tracking at 83 million

Global light vehicle sales held steady in May with a seasonally adjusted annualized rate of sales of 82.8 million units a year, according to the latest data from LMC Automotive. The consultancy predicts that full-year 2013 sales will be 83.4 million units. Continue reading

Posted in auto news, news analysis, sales | Tagged , , , | Leave a comment

General Motors, Ford Post Record May China Sales

General Motors and its joint ventures sold a May record of 252,942 vehicles in China, sales increasing 9.4% from the same month last year. Crosstown rival and slow starter in China, Ford Motor Company also posted a record from a year earlier to 70,540 passenger cars. Continue reading

Posted in results, sales | Tagged , , , , , , | Leave a comment

Ford Motor May U.S. Sales Up 14%

Ford Motor Company’s May U.S. sales rose 14% compared with one year ago. It was the best May sales since 2006 for the Number Two U.S. automaker. The U.S.’s best-selling pickup by far, F-Series, had its strongest May sales since 2005 at 71,604, which meant a 31% increase versus last year and its 22nd straight monthly sales increase. Continue reading

Posted in auto news, results, sales | Leave a comment

General Motors Sales up Slightly in May as Trucks Dominate

Executive summary: GM remains Number One in the U.S. by 100,000 in sales over quality challenged Ford Motor, which has just announced another massive recall on its best-selling 2013 models. In terms of retail sales though, Toyota Motor continues to be Number One. Continue reading

Posted in auto news, results, sales | Tagged , , , | Leave a comment

Chrysler Group May 2013 U.S. Sales Up 11%

Chrysler Group today reported U.S. sales of 166,596 units, an 11% increase compared with sales in May 2012. It was the Fiat controlled group’s best May sales since 2007. Jeep, Dodge, Ram Truck and Fiat brands each posted year-over-year sales gains in May compared with a year ago. Year-to-date, Group sales are up 9% at more than 752,000 vehicles. Continue reading

Posted in auto news, results, sales | Tagged , , , | Leave a comment

April EU Commercial Vehicle Sales Up Slightly. YTD off -7.6%

In a classic half empty or half-full interpretive dilemma, commercial vehicle sales in the EU increased 3.6% for the first time since December 2011. The uptick came mostly from demand for new vans (+5.8%). However, his year, the EU counted on average two more working days compared to the same month in 2012 because of how the Easter holiday fell. Continue reading

Posted in auto news, results, sales | Tagged , , , , | Leave a comment

May U.S. New Vehicle Sales Projected at 12.5 m SAAR

New vehicle sales in May are projected to be about 1 million retail units higher than one year ago, resulting in a seasonally adjusted annualized rate or SAAR of 12.5 million. This is the highest annual rate since January of 2013, and May, if the forecast is accurate, will be the third consecutive month with retail sales in excess of 1 million. Relatively affluent new vehicle buyers are taking advantage of cheap interest rates as the Federal Reserve continues to print money in a desperate attempt to revive a sluggish economy where 16 million people remain unemployed or under-employed because of the ongoing effects of the Great Recession. Continue reading

Posted in auto news, results, sales | Tagged , , , , , | Leave a comment

EU Car Sales Weak in April. Off -7% YTD

This was the third lowest level of new registrations for a month of April, with the historic low for April reached in 2012 at 1,021,358 units, according to ACEA, the auto trade group. Continue reading

Posted in auto news, economy, sales | Tagged , , , , | Leave a comment