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Category Archives: sales
Trump Tariffs – His Next Economic Catastrophe
Shoot from the lip President Trump, aka Calamity Donald, today imposed tariffs of 25% across North America disrupting the North American auto market that has thrived on 30 years of free trade. Any new tariffs in place for any significant length of time will be disruptive. The tariffs at 25% are significantly higher than the profits made by the automakers and their suppliers. It is widely – if not universally – held by economists that this is an economic disaster. Continue reading
Posted in auto news, AutoInformed Editorial, economy, fools 'n frauds, manufacturing, news analysis, prices, sales, transportation, Trump Truth Tests
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Calamity Donald, Jim Farley, Jonathan Smoke, Ken Zino, Stephanie Brinley, X @KenAutoinformed
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Society of Automotive Analysts – New Board of Directors
The Society of Automotive Analysts (SAA) today announced its Board of Directors for 2025. Adam Bernard, Founder and Principal of AutoPerspectives, will serve as SAA president, while Jeff Schuster, President of Forecasting, GlobalData, moves into the vice president role. The SAA’s stated goals are to provide automotive professionals exclusive access to industry leaders, early insights and outstanding networking opportunities. “SAA members include every automotive industry professional interested in timely and useful auto industry data, discussion and dissemination of ideas, concepts and solutions,” the SAA said. Continue reading
Posted in auto news, connected vehicles, economy, environment, financial results, fuel economy or emissions, news analysis, people, quality, sales, shows and events
Tagged Adam Bernard, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, AutoPerspectives, general motors, GlobalData, Jeff Schuster, Ken Zino, Magna International, Matt Grecki, Steve Hallman, X @KenAutoinformed
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Penske Automotive Group Posts Record Q4 Revenue of $7.7B
“I am pleased with our financial performance during the fourth quarter. Revenue increased 6% to $7.7 billion, a quarterly record. New and used automotive gross profit per unit retailed remained strong, including a $74 per unit sequential increase in new vehicle gross profit per unit retailed when compared to the third quarter of 2024, and same-store service and parts revenue and gross profit increased 7% and 9%, respectively,” said Chair Roger Penske.
The Company’s Board of Directors has approved a quarterly dividend of $1.22 per share, representing an increase of 2.5%, or $0.03 per share. This represents the Company’s 17th consecutive quarterly increase. The dividend is payable March 6, 2025, to shareholders of record as of February 24, 2025.
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Posted in auto news, economy, insurance, marketing, mobility company, news analysis, results, sales, shows and events, transportation
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Ken Zino, penske automotive group, Penske Transportation Solutions, Premier Truck Group, roger penske, X @KenAutoinformed
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Porsche Posts Preliminary 2024 Results
Porsche AG said late yesterday it expects these results (unaudited) for the 2024 financial year: The automotive net cash flow margin is over 10% (forecast 7 to 8.5%). The return on sales is at the lower end of the forecast range. Other performance indicators “do not show significant deviations from the forecast ranges.”
However, Porsche said it would incur an €800 million (~$831 million) charge against operating profit this year because of the cost of introducing new models with internal combustion engines, as well as plug-in hybrids. Continue reading
Volvo Cars Posts Record Sales, Revenue, Profits in 2024, but…
Volvo Cars (VOLCAR B:STO)* today posted a record-breaking year in 2024 with the highest full-year retail sales, revenues and core operating profit in its 98-year history. However, the Chinese owned company anticipates a turbulent 2025 “due to challenging market conditions,” aka Trump’s Trade and Tariff Wars.** “Full-year revenues exceeded SEK 400 billion for the first time in the company’s history, due to a new all-time sales record of 763,389 cars. Its full-year core operating profit of SEK 27 billion, excluding joint ventures and associates, was another record and up 6% compared to 2023. The core operating margin came in at 6.8%, up from 6.4% in 2023,” Volvo said. Continue reading
Posted in auto news, car sharing, connected vehicles, economy, environment, financial results, insurance, manufacturing, marketing, mobility company, news analysis, sales, shows and events
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Geely Holding, Jim Rowan, Ken Zino, Trump Trade and Tariff Wars, Volvo Cars, X @KenAutoinformed
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Volvo Car USA and Canada Posts January Sales Increase
Volvo Car USA and Canada (Nasdaq Stockholm VOLCAR B) today reported sales of 8755 cars for January, up 5.4% year-over-year. Electrified models, fully electric or plug-in hybrid powertrain, increased 43.8% year-over year (YoY). They accounted for 35.8 % of sales during the first month of the year.
“We are excited to see a strong start to the year and look forward to continued growth in the US and Canada with our new XC90, EX90 and EX30 SUVs complementing a full lineup of cars that make life easier, better and safer for everyone,” said Mike Cottone, President, Volvo Car USA and Canada. No mention whatsoever was made of President Trump’s ongoing and unpredictable trade and tariff wars.* Continue reading
Posted in auto news, electric vehicles, global warming, manufacturing, marketing, news analysis, results, sales
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Ken Zino, Mike Cottone, Nasdaq Stockholm VOLCAR B, VOLCAR B:STO, Volvo Car USA and Canada, X @KenAutoinformed
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Ford Motor Shuffles Leadership Amid Trump Chaos
Ford Motor Company (NYSE: F)* today announced key executive changes as the chaos of the Trump administration continues to cause as yet unknown damages to the economy and the auto industry. Two positions, John Lawler to vice chair to look after strategy, partnerships and alliances; and Sam Wu,President Ford China adding Ford’s International Markets Group, will require insight, and frankly lucky hunches given Trump’s random, variable and reversible assaults on trade, tariff’s and vital international organizations to return Ford Motor to a reliably profitable path. Continue reading
Posted in auto news, connected vehicles, economy, environment, global warming, mobility company, news analysis, people, sales
Tagged Andrew Frick, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Daniel Justo, Jim Farley, John Lawler, Kay Hart, Ken Zino, Marin Gjaja, Sam Wu, Sherry House, X @KenAutoinformed
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Cox Automotive Alters January Forecast Sales Down
New-vehicle sales in January increased compared to year-ago levels, but initial results indicate that market volume likely came in slightly below the forecast, Cox Automotive** said today. The original Cox Automotive forecast* called for year-over-year growth of 5.2%, but early estimates “suggest the increase was closer to 4%.” Some automakers posted record January volume and others saw declines from January 2024 levels.
“Our market continues to be one of diverging stories,” said Cox Automotive Chief Economist Jonathan Smoke. “While the macro view is one of growth, ‘actual experience may vary.’ January is typically a low-volume sales month, and there were no shortages of sales challenges last month – from extreme cold over much of the market to major fire disruptions in Southern California. Consumer confidence also declined more than expected in January and was lower than in January 2024, the first yearly decline since September. All factors considered, the positive sales performance in January was a good sign for the market,” Smoke said. Continue reading
Posted in auto news, car sharing, connected vehicles, economy, manufacturing, marketing, news analysis, sales, Trump Truth Tests
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Cox Automotive Forecast: January U.S. Auto Sales, Jonathan Smoke, Ken Zino, X @KenAutoinformed
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Toyota Motor Leads Global 2024 CY Sales at 10.8M
Toyota Motor Corporation (7203.T) today posted its sales, production, and export results for December 2024 , and significantly the total from January to December 2024, including those for subsidiaries Daihatsu Motor Co., Ltd. and Hino Motors. With 10.8 million sold – down ~3.7% because of regulatory compliance issues in Japan and the ongoing EV price war in China – TMC easily out sold the Volkswagen group, which reported a 2.3% drop in global sales for 2024 at ~9 million. This makes TMC the undisputed global sales leader for the fifth straight year. Continue reading
Posted in auto news, electric vehicles, manufacturing, marketing, mobility company, news analysis, results, sales
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Daihatsu Motor Co, Hino Motors, Ken Zino, Takashi Watanabe, toyota motor, X @KenAutoinformed
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Pre-Trump US Q3 EV Sales Set All Time Record
During Q3 of 2024, automakers sold 408,688 electric vehicles (EVs include battery, plug-in hybrid, and fuel cell electric vehicles) in the United States, meaning 10.6% of overall light-duty vehicle sales. This represents a 0.6 percentage point (pp) market share increase compared to the second quarter of 2024 amounting to an increase of ~22,000 vehicle sales. Simply put this makes EV Sales volume in Q3 the highest on record according to data released today by the Alliance for Automotive Innovation, a trade and lobbying group for automakers. Continue reading
Posted in electric vehicles, environment, global warming, milestones, news analysis, people, public health, sales
Tagged Alliance for Automotive Innovation, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, battery, electric vehicles, EV plug-in hybrid EVs, EVs, fuel cell EVs, Ken Zino, X @KenAutoinformed
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BMW Group Posts So-So Sales Results in 2024
With a total of 2,450,804 vehicles delivered to customers in 2024, the BMW Group said today that it achieved its new annual sales target that was adjusted downward during the second half of 2024. Electrified vehicles represented 24.2% of total BMW Group sales in 2024, with 593,215 units delivered to customers. Fully-electric vehicles accounted for 17.4% of total sales.
“The BMW brand delivered 2,200,177 vehicles to customers in the full year 2024 (-2.3%). With its attractive product portfolio across all technologies, the brand maintained its position as the global leader in its segment. In the Europe region, the BMW brand expanded its market share, registering double-digit sales growth in Italy, France and the UK. The BMW brand also posted sales growth in the U.S. In Germany, despite a declining market for fully-electric vehicles, BMW saw growth in new BEV registrations,” BMW said in a garbled release. Continue reading
Volkswagen Sales Flat in 2024
Volkswagen brand delivered ~4.8 million vehicles to customers worldwide last year – 1.4 % fewer than in the previous year. However, it was the market leader in Germany with a market share of 19.1% , according to the German Federal Motor Transport Authority (KBA). Continue reading
Porsche Posts €5.6B Profit in 2024
“We have renewed five out of six model lines and extensively refreshed our product portfolio. This has laid the foundation for our success in the coming years, with the clear goal of exciting our customers with our iconic sports cars,” said CEO Dr Oliver Blume. “In view of the changed circumstances, we have adjusted our product strategy in all segments. And we further developed our proven and successful Porsche strategy over the course of last year to make the company even more flexible, robust and high-performing,” said Blume. Continue reading →