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December US Sales Up. Transaction Prices at Record Highs
Total new-vehicle sales for December 2022, including retail and non-retail transactions, are forecast to reach 1,254,700 units, a 5.3% increase from December 2021, according to a joint forecast from J.D. Power and LMC Automotive.* December 2022 has the same number of selling days as December 2021. The record transaction prices means that buyers are on track to spend nearly $48.2 billion on new vehicles this month, a slight -0.3% decrease from December 2021. Continue reading
EPA Final Heavy-Duty Truck Standards Released, Well, Finally
The new standards are long overdue. They are the first update to clean air standards for heavy duty trucks in more than 20 years. EPA says they are more than 80% stronger than current standards. Continue reading
Min Kyu Song is New Global Head of Genesis
“He will be responsible for accelerating Genesis’ global presence with his proven strategic and operational skills,” Hyundai said. Yesterday Genesis further expanded its customer-focused retail experience with the grand opening of Genesis of Greer, the brand’s second standalone retail facility in the United States, and first in South Carolina. Continue reading
Posted in auto news, marketing, people
Tagged auto industry commentary, autoinformed.com, Genesis, Genesis of Greer, Hyundai Motor, Ken Zino, Mike Song, Min Kyu Song
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NHTSA Verifies Additional Chrysler Takata Fatality
The National Highway Traffic Safety Administration (NHTSA) this morning verified another Takata rupture fatality, bringing the total of number of Takata fatalities confirmed this year to five. One person died in a recent crash in a 2010 Chrysler 300 where the Takata driver’s side air bag inflator ruptured sending shrapnel into the interior.
This brings the total of Takata fatalities to 24, and the third confirmed this year in a Fiat Chrysler sedan. Continue reading
Encore Performance – 2023 Toyota Prius
Development goals appear to be based on styling and marketing and not breakthrough jumps in technology at conservative Toyota. This approach has generally served Toyota and its customers well when it comes to quality and durability. It is however getting pushed by other makers in the technology race. Continue reading
Safety First – NASCAR and RealResponse to Provide Participants with Anonymous Squawk Tool
This appears to be a response to the critics of the Next Gen car introduced for the 2022 season, which injured some during rear impacts – either being hit from behind or spinning off backwards into a wall. It clearly poses image problems for NASCAR, if drivers or fans or media think safety is not being, well, emphasized. The next Gen Car did in our view result in some positives. There were 19 different race winners, 20 adding the All-Star Race Ryan Blaney won, five first-time winners, and a strong championship fight. Continue reading
Posted in customer satisfaction, news analysis, people, racing
Tagged auto industry commentary, autoinformed.com, Ken Zino, Meghan Miley, NASCAR next
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Honda Alabama Begins Making Largest Pilot SUV Ever
The largest Honda SUV ever, the new Pilot is longer and wider than its predecessor. It’s available in five trim levels: Sport, EX-L, Touring, Elite and TrailSport**. The mid-sized, three-row SUV has a new, stronger and more capable platform that also provides more passenger and cargo space. With a new optional opening panoramic sunroof, the new Pilot is the only vehicle in its class to combine 8-passenger seating and this type of roof. Continue reading
More Horsepower for All 2024 Mustang Engines Next Summer
In a release today, Ford Motor said that all seventh-generation 2024 Mustang engines will have more horsepower, starting with the Dark Horse rated at 500. It has a fourth-generation Coyote V8 engine with 500 horsepower and 418 ft.-lb. of torque* … Continue reading
US Wholesalers at $9671 Billion Post 20% Increase in 2021
The latest data along with plummeting fuel prices and decreasing inflation are evidence that the Biden Administration economic program is producing promised results in spite of ongoing Republican opposition. In fact, some maintain that the Democrats are now the party of business after the disastrous Trump years. Continue reading
Mercedes-Benz Outlines EV Drive Systems Production Sites
The new Mercedes-Benz powertrain production network was achieved following what were likely dicey discussions with German employee representatives. Mercedes says this resulted in agreements to further increase flexibility and efficiency at the various locations, paving the way for securing the future of the plants. In line with the implementation of the Mercedes-Benz Business Plan, the company is investing a mid-single-digit billion-euro amount in its European powertrain production locations. Thus far worker protest or strikes are apparently non-existent. Continue reading
Ram Recalls 1.3 Million Pickups for Sudden Tailgate Openings
Chrysler (FCA US, part of the Stellantis mega-merger) is recalling more than 1.3 million 2019-2022 model year Ram 1500, 2500, and 3500 pickup trucks. The tailgate may not latch properly due to misaligned tailgate strikers, which could result in the tailgate opening while driving. Misaligned tailgate strikers may cause a failure to properly latch the tailgate. An improperly latched tailgate may result in an unintended tailgate opening while driving or stationary.
Customers, however, will not be notified until January 2023. Stellantis advises owners to secure cargo in the beds. Vehicles equipped with Ram’s multi-function tailgate and Ram 1500 Classic pickups are unaffected. Also excluded are vehicles equipped with sensors that alert drivers to insecure tailgates. Continue reading
Posted in customer satisfaction, manufacturing, quality, recalls, safety
Tagged auto industry commentary, autoinformed.com, Ken Zino, nhtsa, ram pickup recalls
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EPA Automotive Trends – 2021 Fuel Economy at Record High. Emissions at Record Low.
Without question advancements in technology and government regulations are prodding industry to reach these carbon reduction achievements. In model year 2021, hybrid vehicles reached a new high of 9% of all production. These vehicles can use a larger battery to recapture braking energy and provide power when necessary, allowing for a smaller, more efficiently operated engine. Continue reading
November Global Light Vehicle Selling Rate Lessens
In crude registration terms, November rose 3.2% YoY (year-on-year) to 7 million units. The year-to-date (YTD) figure now stands at under 1% below the corresponding period in 2021, though this is a weak base for comparison., LMC noted. China’s market decelerated sharply in November. In YoY terms, sales fell by 7% in November, ending five straight months of strong rebound. North America and Europe are still struggling YTD as supply-side factors continue to hamper sales. Continue reading
US Airlines Add Jobs for 18th Consecutive Month of Growth
Scheduled US passenger airlines added 3398 full-time equivalents* in October for 18th consecutive month of job growth, the USDOT Bureau of Transportation Statistics said today as the Biden Administration economic recovery continued. Continue reading
Covid Pandemic Recovery Shows US Population Growing
Eventually the shifts in population will have effects on the automobile and transportation businesses as the economy evolves toward a sustainable future and the adoption of EVs, construction equipment, railroads and airplanes with non-fossil fuels, which local politicians will either support or sabotage. As the nation ages, there are also other mobility questions. Continue reading →