No Joy in May Global Light Vehicles Sales

Posted on 14 June 2022 by Ken Zino
Ken Zino of AutoInformed.com on No Joy in May Global Light Vehicles Sales

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The Global Light Vehicle selling rate improved to 76 mn units/year for May 2022, following “a very poor result in April, the respected automotive consultancy LMC Automotive said today.  (read AutoInformed.com on: US May Auto Sales – Record Prices as Sales Plunge -29%

Supply constrictions remain the major issue for the automotive industry, with makers unable to meet demand in most regions. In year-over-year comparison terms, sales were down 10%. In China, the reopening of manufacturing facilities in mid-April supported a rebound in sales for a moment. In the US, the industry is beset with problems, many of them self-inflected, including record high transaction prices, low inventory, and low incentives.
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Le Mans 2022 – Toyota, Porsche, Jota, Aston Martin Win

Posted on 13 June 2022 by Ken Zino
Ken Zino of AutoInformed.com on Le Mans 2022 - Toyota, Porsche, Jota, Aston Martin Win Classes

After heart-breaking loses from mechanical failures, human persistence pays off once again. That’s why it’s called endurance racing.

Toyota Gazoo Racing brought its winning record at LeMans to an extraordinary total of five this year in the top Hypercar class. The number of kilometers traversed by the winning #8 Toyota GR010 Hybrid was 5,177.17 at an average of 215.4 kph or 380 laps (nine more than in 2021).

The Japanese manufacturer’s victory was almost assured once the race started at 16:00 on Saturday. The n8 Hypercar started in pole position following Hartley’s late, late lap in Thursday evening’s Hyperpole session. The two Toyota GR010-Hybrids steadily traded the top two positions until Sunday morning when the n7 car pitted for an engine reset. The n8 car showed remarkable consistency throughout to claim the 24 Hours of Le Mans trophy. Continue reading →

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GM Defense Expands into Global Markets

Posted on 13 June 2022 by Ken Zino

Ken Zino of AutoInformed.com on GM Defense Expands into Global Markets - GM photoGM Defense said today that it will expand across the globe via a newly formed entity, GM Defense International.

This will extend GM Defense’s reach into global markets “in support of U.S. allies and partners’ transition to a more electric and connected future,” GM said in a release. GM Defense will continue to operate as a subsidiary of its parent company, General Motors, reporting into GM President Mark Reuss. Continue reading →

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Le Mans – Corvette 1-2 on Grid, Porsche 3-4

Posted on 10 June 2022 by Ken Zino
Ken Zino of AutoInformed.com on Le Mans - Corvette 1-2 on Grid, Porsche 3-4

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Nick Tandy led a 1-2 result for Corvette Racing in the Hyperpole session Thursday night ahead of the 24 Hours of Le Mans. Tandy* set a lap of 3:49.985 (132.538 mph) in the No. 64 Mobil 1/SiriusXM Chevrolet Corvette C8.R to give the team its first pole since 2010. (Read AutoInformed.com on: Le Mans Qualifying Practice – Rain, Red Flag and Racing)

That also was the last time Corvette Racing started Le Mans with two cars on the front row. Antonio Garcia sealed the effort in the No. 63 Mobil 1/SiriusXM Corvette C8.R with a time of 3:50.177 (132.414 mph). It continued a solid pre-race program for the mid-engine Corvettes, which are at Le Mans for the second time. Continue reading →

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Milestones – 20 years of Porsche Cayenne SUVs

Posted on 10 June 2022 by Ken Zino
Ken Zino of AutoInformed.com on 20 years of Porsche Cayenne SUVs

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Porsche in the 1990s found itself in economic crisis as global tastes in vehicles began a transition to trucks that goes on to this day. Porsche was in the red and delivered only 23,060 cars during the 1991/92 financial year. With the Boxster, launched in 1996, Porsche began to slowly drive itself away from its crash. However, the legendary 911 and the new mid-engine model alone would not secure its future. Plans for a ‘third Porsche’ began to take shape, albeit initially without a firm decision on the segment.

Ferry Porsche predicted in 1989: “If we build an off-road model according to our standards of quality, and it has a Porsche crest on the front, people will buy it.” He would eventually be right. Since 2002, the Cayenne has been one of the mainstays of the car manufacturer’s global success. Continue reading →

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Hyundai Motor Group to Test Autonomous Car-Hailing

Posted on 10 June 2022 by Ken Zino
Ken Zino of AutoInformed.com on Hyundai Motor Group to Test Autonomous Car-Hailing

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Hyundai Motor Group has announced that it will pilot a RoboRide car-hailing service in Gangnam in Seoul, South Korea, using IONIQ 5 battery electric vehicles (BEV) with in-house developed level 4 autonomous driving technology. RoboRide will be the first car-hailing service with autonomous driving vehicles to operate in Gangnam, one of the most congested areas in metropolitan Seoul. (See AutoInformed: SAE Autonomous Driving Levels)

For the ride-hailing experiment, the Group has obtained a temporary autonomous driving operation permit from the Ministry of Land, Infrastructure and Transport (MOLIT) of Korea. It will collaborate with Jin Mobility, a Korean startup operating the artificial intelligence (AI)-powered car-hailing mobility platform ‘i.M.’. Jin Mobility will be in charge of operating the two IONIQ 5 RoboRide units on its i.M application. Continue reading →

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Cadillac to Return to the 24 Hours of Le Mans After 22 Years

Posted on 9 June 2022 by Ken Zino
Ken Zino of AutoInformed.com on Cadillac to Return to the 24 Hours of Le Mans After 22 Years

Batmobile or bat out of hell?

Cadillac today revealed its Project GTP Hypercar that shows the third-generation prototype race car from the American luxury brand. During 2023, Cadillac will contest the IMSA WeatherTech SportsCar Championship and the FIA World Endurance Championship, including the 24 Hours of Le Mans. It was developed by Cadillac Design, Cadillac Racing and Dallara.

The announcement was clearly timed to coincide with this year’s race where Cadillac will watch from the sidelines as Corvettes thunder around the Circuit de La Sarthe. The prototype has a new Cadillac 5.5-liter DOHC engine package working in conjunction with the LMDh common hybrid system. (AutoInformed: Daytona This Weekend Starts 2022 IMSA Racing Season; Corvette Racing at Daytona – Same or Different?) Continue reading →

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IIHS Says Toyota Tacoma 2022 MY Marginal in Crash Test

Posted on 9 June 2022 by Ken Zino
Ken Zino of AutoInformed.com on - IIHS Says Toyota Tacoma 2022-MY Marginal in Crash Test

Better but not great…

The 2022 Toyota Tacoma extended cab pickup earned a marginal rating in the passenger-side small overlap front crash test due to heightened injury risks to the front seat passenger, the Insurance Institute for Highway Safety said today. The crash dummy’s position in relation to the door frame and dashboard after the crash test “indicates that the passenger’s survival space was not maintained well,” IIHS said.

Still, this was an improvement. The marginal rating applies to vehicles built after October 2021, when Toyota modified the rear leaf springs. Vehicles built prior to that date are rated poor. In an earlier test of a vehicle built before the changes, one of the rear leaf springs punctured the fuel tank, resulting in a fire risk and an automatic downgrade. Continue reading →

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Le Mans Qualifying Practice – Rain, Red Flag and Racing

Posted on 8 June 2022 by Ken Zino
Ken Zino of AutoInformed.com on LeMans Qualifying Practice - Rain, Red Flag and Racing

Record book running starts tomorrow. Click to Enlarge.

It’s not surprising here that weather played a factor in today’s qualifying practice session at LeMans. Nor is it surprising here that Kamui Kobayashi set the pace 3m27.247s in the hour-long session. However, real record-book racing starts tomorrow. The No.7 Toyota Gazoo Racing driver set his fastest lap in the dry first 30-minutes of the session before a red flag and then pouring rain nullified affected any improvements in Hypercar or any other class. Continue reading →

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Aftermarket Services Beat Dealers Again in Latest Survey

Posted on 8 June 2022 by Ken Zino
Ken Zino of AutoInformed.com on Aftermarket Services Beat Dealers Again in Latest Survey

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Confirming decades upon decades of surveys and consumer purchasing patterns, J.D. Power said today that the ease of doing business with aftermarket service providers key advantage over franchised new-vehicle dealers. Because of the nature of the survey smaller independent repair shops are not included. 

According to the  2022 U.S. Aftermarket Service Index (ASI) StudySM, dealer service facilities hold an advantage in consumer one exception: customers say aftermarket service providers are easy to do business with – outperforming dealer service facilities specific to general maintenance, tire replacement and oil change services. Continue reading →

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Digital Media Decimating Print Publishing Revenues

Posted on 7 June 2022 by Ken Zino
Ken Zino of AutoInformed.com on Digital Media Decimating Print Publishing Revenues

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The explosive growth of digital media and technology continues to have a ruinous impact on print publishing industry revenues, the US Census Bureau said today. The latest Census Bureau Service Annual Survey (SAS) enumerates the financial blows these industries experienced between 2002 and 2020. (Read AutoInformed.com: U.S. Newspapers Continue to Decline in Readership, Employment, Revenue; Newspapers Dying as Technology Companies Grow?)

Estimated Newspaper Publishing revenue dropped by -52% to $22.1 billion. Estimated revenue for Periodical Publishing, which includes magazines, medical and scientific journals, religious and scholastic magazines and other specialty publications fell by -40.5%. Video Tape and Disc Rental revenue decreased by -88.5%. Continue reading →

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US May Auto Sales – Record Prices as Sales Plunge -29%

Posted on 7 June 2022 by Ken Zino
Ken Zino of AutoInformed.com on US May Auto Sales - Record Prices as Sales Plunge -29%

Soft sales and getting softer…

Memorial Day weekend was a bust for US light vehicle auto sales. As a result the whole auto market sped in reverse back to levels seen during the pandemic un-merry month of May 2020. May 2022 volume totaled 1.11 million units, down by -29% YoY. The annualized rate dropped by nearly 2 million units to 12.7 million units from 14.5 million in April of 2022. (AutoInformed.com on: US April Sales Up 6.5%. SAAR Down -21.9% YoY)

May had two fewer selling days in 2022, and even adjusting for the difference, sales still fell by -14% YoY. The  number of vehicles sold by selling day fell to 51,900 units from 60,400 units a year ago. With prices remaining at record high levels and monthly payments increasing as interest rates go up, retail sales are looking soft. Retail sales fell to ~945,000 units, down by -32% YoY. Fleet sales were also down in the yearly comparison, but they represented for 14.9% of total sales, up from 11.6% a year ago. Continue reading →

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IndyCar – Chevy Beats Honda in Final Belle Isle Race

Posted on 6 June 2022 by Ken Zino
Ken Zino of AutoInformed.com on IndyCar - Chevy Beats Honda in Final Belle Isle Race

Belle Isle was a contest of strategies and speed. Tires and track position were key to an all green flag non-stop race.

Will Power driving a Chevy-powered Dallara for Team Penske won the final Chevrolet Detroit Grand Prix on Belle Isle on Sunday before the street festival moves downtown in 2023.

It was the first victory for Power in 2022, the 2018 Indianapolis 500 winner. Leading a non-stop, green-flag race for 55 laps, Power took the checkered flag just 1.0027 seconds ahead of second place Alexander Rossi in a Honda-powered Dallara who was charging hard on better rubber using a three-stop strategy, versus Power’s two-stop gamble. Taking the Third podium spot was Scott Dixon in a Honda Dallara, also on a two-stop strategy. Continue reading →

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Caution-Free IMSA Belle Isle – Cadillac Wins DPi, Lexus GT3

Posted on 5 June 2022 by Ken Zino
Ken Zino of AutoInformed.com on Caution-Free IMSA Belle Isle - Cadillac Wins DPi, Lexus GT3

“It seems like it’s been feast or famine for the 01,” said team owner Chip Ganassi, whose team runs the number 01 and 02 cars. It was the team’s 63rd IMSA win.

Sebastien Bourdais and Renger van der Zande in the No. 01 Cadillac DPi-V.R won the final* IMSA WeatherTech SportsCar race on Belle Isle yesterday, with only two of the five classes racing on the tight, walled and unforgiving street circuit.

It was the second consecutive victory for the No. 01 Cadillac on the 2.3-mile, 14-turn street circuit, and the fourth in five races in DPi competition for Cadillac. Continue reading →

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Stellantis Gets Lithium Supply for NA EVs

Posted on 5 June 2022 by Ken Zino
Ken Zino of AutoInformed.com on Stellantis Gets Lithium Supply for NA EVs

Republicans oppose the Biden Administration’s Build Back Better plan, which would hasten the EV transition and help stop life-threatening weather.

Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) and Controlled Thermal Resources Ltd. (CTR) have signed a binding offtake agreement for CTR to supply battery-grade lithium hydroxide for use in Stellantis’ North American electrified vehicle production.

The agreement increases Stellantis’ decarbonized supply of  an essential raw material for electrified vehicles. (AutoInformed.com: Stellantis, Samsung SDI JV for NA Battery Manufacturing; Stellantis, LG Energy JV for North American Battery Production) Continue reading →

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