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Category Archives: sales
EU Car Sales off 7% in January, Fifth Year of Declines?
EU car sales dropped yet again in January by 7.1% compared to a year ago, a troubling trend since car sales have declined for four straight years in the moribund European Union. The latest sales data from ACEA, the trade group of EU automakers, confirm what individual car company financial results have been indicating – the European economy continues to contract, and at rates greater than automakers anticipated as recently as last quarter or the quarter before that.
In total, 968,769 new registrations were recorded in the 26-nation EU region during January, which had on average one more working day than January 2011. Particularly hard hit were France (-20.7% for the second largest market) and Italy (-16.9% for the third largest market), with large negative consequences at PSA Group (-14.9%), Renault Group (-25.2%) and Fiat Group (-16.2 %.)
Germany (-0.4% for the largest EU market) and the United Kingdom (0% or flat for the fourth largest market) remained stable, with beneficial results for the biggest automaker in Europe, VW Group with its commanding 24% market share. Continue reading
Ford China Sales Plummet 42% in January? GM off 8%
Ford China reported January sales of 30,976 vehicles – a – 42% freefall compared with 53,340 vehicles in the same period last year, and just under 50,000 vehicles in December of 2011. General Motors also posted a drop of 8% in January to 246,654 vehicles – GM’s second-best January ever in China where it is well established. The open question is whether this is the beginning of a prolonged downturn in the Chinese economy that some western economists are predicting as a result of Chinese government policies to slow down growth. If so, it will be an unwelcome development for both GM and Ford with their weak balance sheets, and loss making operations in Europe. Things will become clearer when other automakers report China sales. Continue reading
Posted in auto news, economy, news, results, sales
Tagged auto informed, autoinformed.com, automotive news, buick china, chevrolet china, china sales, ford china, gm china, Ken Zino, results
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Toyota, Honda, and Nissan Post Strong January Auto Sales
Toyota was Number Three overall in U.S. sales, and a mere 12,000 vehicles behind Number Two Ford Motor. Toyota truck production in the U.S. – the last to recover from last year’s natural disasters – still has not caught up with demand. When it does – and Toyota’s pickup truck plant in Texas has been working overtime since late last year – Toyota could easily surpass Ford in U.S. sales. Toyota’s luxury division, Lexus, at 12,274 vehicles easily outsold Ford’s moribund Lincoln at 5,221 sales. Lexus production too is still recovering from the Japan earthquake so Ford is facing challenges on two fronts. Continue reading
Ford Motor U.S. Sales Increase 7% in January. Industry up 11%
The Ford F-Series, America’s top-selling vehicle for the past 30 years, posted January sales of 38,493 vehicles, representing an 8% gain amid signs that the full size pickup truck market in the U.S. is declining. Here preliminary numbers show that full size trucks now account for only 11% of the total industry. Continue reading
Posted in auto news, news analysis, results, sales
Tagged auto informed, autoinformed.com, automotive news, f-series, ford results, january sales, Ken Zino, lincoln, results
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GM January 2012 U.S. Sales Down 6%. Revival Stalled?
General Motors (NYSE: GM) today reported total sales of 167,962 vehicles in the United States in January, down 6% compared with January 2011. All four GM brands posted sales declines year-over-year led by Cadillac which was down 29%. Buick was off 23% and GMC declined 10%. Overall the auto industry was up 11.4% for the month, so GM is not keeping pace with the slow recovery of the auto business, a potentially worrisome development if it becomes a trend for U.S. taxpayers who still hold more than 27% of the company. Continue reading
Posted in auto news, marketing, news, results, sales
Tagged auto informed, autoinformed.com, automotive news, gm results. gm sales results, Ken Zino, results
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Chrysler Group January 2012 U.S. Sales Rise 44%
Because of its revived U.S. sales in 2011 Chrysler Group is now earning a greater return in profits at 4% of turnover when compared to owner Fiat’s return of 2.8%, which was down from 2010 given the ongoing Eurozone crisis. Continue reading
Posted in auto news, news analysis, results, sales
Tagged auto informed, autoinformed.com, automotive news, chrysler, chrysler sales, Fiat, january results, Ken Zino, sales results
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Honda at 800,000 Hybrids as Toyota Reaches 400,000 in Europe
In the U.S. alone Toyota has 1,000,000 Prius owners. Moreover Toyota has built a substantial environmental reputation as the global leader in hybrid vehicles with sales of Toyota and Lexus hybrids now well over 3,000,000 vehicles.
In spite of clear fuel economy benefits and high U.S. fuel prices, hybrids remain a tiny portion of the U.S. auto market – a little over 2% of sales because mainstream buyers refuse to pay a premium amounting to several thousand dollars over a comparable gasoline-fueled car. Plug in hybrids with expensive lithium ion battery packs will compound the problem. The Prius plug-in coming this year adds another $4,000 to the cost of the standard Prius hybrid. Continue reading
U.S. New Auto Sales to Drop in January for Third Month
Retail transactions are thought to be the most accurate measurement of underlying consumer demand for new vehicles, so the New Year starts for automakers with mixed results. A weak recovery of some sorts is underway, but auto sales are nowhere near their pre Great Recession levels where the retail SAAR was routinely above 14 million units. Continue reading
Posted in auto news, economy, news analysis, results, sales
Tagged 2012 auto sales, auto informed, auto sales, autoinformed.com, automotive news, j.d power, january results, Ken Zino, results
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GM is World’s Largest Automaker Led by Chevrolet Sales
This makes GM the global sales leader once again. In 2011, the Volkswagen Group sold more than eight million vehicles for the first time in a twelve-month period, a total of 8.16 million vehicles (2010: 7.14; +14.3%). Natural disaster impeded Toyota has not reported final numbers yet but will move from first where it has been since 2008 to third. Continue reading
Posted in auto news, news analysis, results, sales
Tagged auto informed, autoinformed.com, automotive news, GM, gm global sales results, Ken Zino, results
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Pickups, Compacts and Crossovers Lead Top Ten U.S. Sales
Three of the models, including the Ford F-Series – the top-volume model in the U.S. for the 30th straight year – were Ford products, while General Motors and Toyota Group each produced two of the 10 models with the highest sales volumes in the US market last year. Renault-Nissan Group and Fiat-Chrysler’s Ram each built one of the best-sellers. Continue reading
European Auto Sales down in 2011 for Fourth Straight Year
For the year American automakers General Motors finished fourth with a flat 8.7% share. Fifth place Ford Motor (8%, a slight decline) made no sales progress either, even though both companies have introduced a series of new models. Sixth place Fiat – the owner of Chrysler courtesy of American taxpayers – continues to struggle along with Italy, off almost a full percentage point in share to 7.1%. One bright spot – Jeep sales are up 63% from an admittedly small base to more than 22,000 units. Continue reading
Posted in auto news, marketing, news, news analysis, results, sales
Tagged 2011 results, acea, auto informed, autoinformed.com, automotive news, eu, european auto sales, eurozone sales, hyundai, Ken Zino, Korean fta, marchionne, results eu results
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Honda Accord Coupe Concept – Its 2013 Comeback Car?
Given the competitiveness of the segment – accounting for ~20% of the cars sold in the U.S., Honda is currently behind in technology. This is an unexpected lag for what normally is a company that resides at the top of the innovation column of the scorecard is puzzling. Continue reading
Lincoln MKZ Concept Derived off Ford Fusion Debuts at NAIAS
Lincoln needs some sales successes and in the U.S – virtually its only outlet for this fading regional brand – where luxury car sales range from ~10-13% of the market annually. There’s an enormous opportunity now posed by Generation Y types, 80% of whom say they would consider a luxury car in the $30,000 range, which hasn’t escaped impending product actions at Lexus, Acura, BMW and Mercedes-Benz, among others. Continue reading
Posted in auto news, concept, design and styling, news, news analysis, sales
Tagged auto informed, autoinformed.com, automotive news, Ken Zino, lincoln, luxury cars, mks, mkz, naias, u.s. luxury cars
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General Motors Sets Sales Record in China. Ford Up too
Both General Motors and Ford Motor finished 2011 with strong performances in China, the world’s largest automarket for the past three years. GM and its joint ventures sold a record 2,547,171 vehicles up 8.3% from the previous high of 2,351,610 … Continue reading
Posted in auto news, news, news analysis, results, sales
Tagged auto informed, autoinformed.com, automotive news, china, china auto sales, currency value, ford china, gm china, Ken Zino, results, rmb, wto
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Ford Motor December Sales Up 10% Tracking Market Growth
How Ford’s sales performance is interpreted depends on whether the Number 2 U.S. automaker in sales should have picked up more than the 3.7% increase in passenger car sales (industry +9%) with all the major Japanese automakers virtually out of the market for months – May to September or later – because of natural disasters. Ford car sales were actually down 16% in December. Lavishly publicized Fiesta sub-compact and Focus compact launches were not strong successes as sticker price resistance appeared to overcome their relatively good fuel efficiency in a year when U.S. gasoline prices stayed well above $3 a gallon. Continue reading
Posted in auto news, marketing, news, news analysis, results, sales
Tagged auto informed, autoinformed.com, automotive news, camry sales, ford motor sales, ford results, Ken Zino
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