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Category Archives: sales
April US New Vehicle Sales Flat as Trade-in Values Drop
Total new-vehicle sales for April 2024, including both retail and non-retail transactions, are estimated to reach 1,304,600 units, a 0.9% decrease from April 2023 on a selling day adjusted basis, according to a joint forecast from J.D. Power and GlobalData.* … Continue reading
Posted in auto news, economy, manufacturing, marketing, news analysis, sales
Tagged April 2024 vehicle sales forecasts, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Elizabeth Krear, GlobalData, j.d power, Jeff Schuster, Ken Zino, Thomas King
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Ford Motor Posts Q1 2024 Net Income of $1.3 Billion
Ford Motor (NYSE: F) late yesterday posted weak 2024 Q1 operating results of $42.8 billion in revenue (+1.3B YoY), net income of $1.3 billion (-1.1%), and adjusted EBIT of $2.8 billion (-6%) as global sales dropped 11,000 vehicles to 1,045,000. Ford nonetheless declared a second-quarter regular dividend of 15 cents per share, payable 3 June to shareholders of record at the close of business on 8 May 2024. Continue reading
March 2024 Global Light Vehicle Sales Effectively Flat
The Global Light Vehicle (LV) selling rate stood at 85 million units/year in March, roughly the same with February 2024, according to numbers and analysis released by the GlobalData* consultancy. Worldwide, 8.0 million vehicles were sold last month, a 2% … Continue reading
US Auto Sales Hitting Streak – 20 Months of Growth in March
US Light Vehicle (LV) sales grew 5.5% year-on-year (YoY) in March to 1.44 million units, according to an analysis just released by the respected GlobalData consultancy.* This means that under the Biden Administration the economy had another month of YoY … Continue reading
Posted in auto news, economy, marketing, news analysis, results, sales
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Biden Administration economy, Bidenomics, David Oakley, GlobalData, Jeff Schuster, Ken Zino, March 2024 US light vehicle sales
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March US Vehicle Sales Up. Record Q1 Consumer Spending!
Total US new-vehicle sales for March 2024, are projected to reach 1,525,700 units, a 12.1% increase from March 2023, according to a joint forecast today from J.D. Power and GlobalData.* The seasonally adjusted annualized rate (SAAR) for total new-vehicle sales is expected to be 16.4 million units, up 1.6 million units from March 2023. New-vehicle total sales for Q1 2024 are projected at 3,830,500 units, a 4.5% increase from Q1 2023 when adjusted for selling days as the Biden Administration recovery continues.
New-vehicle retail sales for March 2024 are also expected to increase when compared with March 2023. Retail sales of new vehicles are forecast at 1,225,000 units, a 10.7% increase from March 2023. New-vehicle retail sales for Q1 2024 are projected at 3,066,500 units, a 4.5% increase from Q1 2023 when adjusted for selling days. Continue reading
Posted in auto news, economy, marketing, milestones, news, news analysis, results, sales, transportation
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Bidenomics, David Oakley, Elizabeth Krear, GlobalData, j.d power, Ken Zino, March US new vehicle sales, Thomas King
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February Global Light Vehicle Sales at 85M Annual Rate
The Global Light Vehicle (LV) selling rate rose to 85 million units annually in February2024, according to an analysis just released by the respected consultancy GlobalData.* This is an increase from 82 million units/year in January, which is still anemic compared to the second half of 2023. More than 6 million vehicles were sold in February, although year-over year (YoY) it was down -2.8% YoY largely due to a withering in China.
“Many key markets saw moderate selling rate growth in February. In Europe, it was a mixed picture as Western Europe’s selling rate grew while Eastern Europe’s rate slowed. China’s selling rate improved moderately from January, though it remains somewhat weaker than at the end of 2023. In the US, prices continued to ease, and incentives ratcheted up, supporting market expansion,” the Global Light Vehicle Sales Forecasting Team said. Continue reading
Chinese Auto Market is Flying High – Exports a Threat
The Chinese auto market soared at the beginning of 2024, according to numbers and an analysis just released by the respected GlobalData* consultancy. Total Light Vehicle (LV) retail sales – wholesales excluding exports – reached 2 million units in January … Continue reading
February Western European Passenger Car Sales Up 8%
The Western European passenger car (PV) selling rate rose month-on-month to 12.8 million units on an annual basis according to an analysis just released by the respected consultancy GlobalData.* (see Ken Zino of AutoInformed.com on European Passenger Car Sales Soft … Continue reading
Stellantis Posts 2023 Pro One Commercial Vehicle Results
“Our performance in 2023 reaffirms that Stellantis Pro One is a keystone of Stellantis business around the world,” said Xavier Peugeot, Stellantis Senior Vice President, Commercial Vehicles Business. “Propelled by the renewal of our entire van lineup and the widest offering of electrified propulsion, Stellantis Pro One is determined to be the most customer-focused product of choice. It is our customers who will drive us to our goal of market leadership by 2027.” Continue reading
Posted in connected vehicles, electric vehicles, environment, manufacturing, marketing, mobility company, news analysis, sales, transportation
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Ken Zino, Stellantis N.V. NYSE: STLA, Stellantis Pro One commercial vehicle line, Xavier Peugeot
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Record Consumer Spending Forecast for US February Sales
Total new-vehicle sales for February 2024 in the US, including retail and non-retail transactions, are projected to reach 1,214,600 units, a 1.4% increase from February 2023, according to a joint forecast from J.D. Power and GlobalData* issued today. The seasonally adjusted annualized rate (SAAR) for total new-vehicle sales is expected to be 15.4 million units, up 0.4 million units from February 2023 as the Biden Administration economic recovery continues. Consumers are expected to spend ~$40.8 billion on new vehicles this month. This is the highest on record for the month of February, and 4.1% higher than February 2023. Continue reading
Posted in auto news, economy, marketing, news analysis, results, sales
Tagged auto industry commentary, auto news, autoinformed.com, automotive blog, Automotive news and analysis, Bidenomics, Elizabeth Krear, GlobalData, j.d power, January 2024 US vehicle sales, Jeff Schuster, Ken Zino, Thomas King, us economy
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January 2024 EU New Car Registrations Up 12%
In January 2024, the EU new car market rallied from the slowdown experienced in December 2023, with year-on-year car registrations increasing by 12.1% to 851,690 units. The trade bloc’s major markets all saw significant growth, with Germany (+19.1%), Italy(+10.6%), France (+9.2%), and Spain (+7.3%) posting either high single-digit or double-digit gains, according to ACEA.*
The EU diesel car market contracted by 4.9% in January. However new battery-electric car sales surged by 28.9% to 92,741 units, representing a total market share of 10.9%. The four largest markets in the region, together covering 66% of all battery electric car registrations, recorded double-digit gains: Belgium (+75.5%), the Netherlands (+72.2%), France (+36.8%), and Germany (+23.9%). Continue reading
US Vehicle Transaction Prices Down in January
The automobile market is not contributing to inflation. The extensively covered January Consumer Price Index (CPI), a key measure of inflation is widely misrepresented in AutoInformed’s opinion.
Cox Automotive* said today that it observed declines in retail vehicle prices last month, according to actual transaction data. Kelley Blue Book reported that average transaction prices for new vehicles were down by 3.5% year-over-year, Another Cox measure, Dealertrack data show average used retail prices down slightly less. “Both measures indicate the retail auto market is not pushing overall inflation higher,” Cox said. Continue reading
Posted in auto news, blog, economy, new vehicle, news analysis, prices, sales
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Biden Administration Recovery, Bidenomics, Cox Automotive, Jonathan Smoke, kelley blue book, Ken Zino, Manheim
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Germany Bucks Death of the Diesel Trend
GlobalData* said today that the 2023 full-year car diesel share in Western Europe is confirmed at 15.8% with 1,830,000 units sold for a 15.8% market share. January 2024 was another month of low Month-over-Month variation in the share of new … Continue reading
April 2024 US Vehicle Sales Drop Slightly
“Calendar effects meant that it was always going to be challenging to match last year’s sales in April. However, with replenished inventory levels helping the market to recover a year ago, the industry is now facing a higher bar in order to keep growing,” said David Oakley, Manager, Americas Sales Forecasts, GlobalData. Continue reading →