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Tag Archives: auto news
DOT’s LaHood Praises BMW as it Enables Distracted Driving?
BMW, the luxury brand that is in the process of becoming the first automobile manufacturer in the world to have voice-read e-mail messages inside its vehicles, has been singled out for praise by the U.S. Secretary of Transportation for claiming it is against texting and driving? Continue reading
Ford Europe to Build Three-Cylinder. U.S. Sales Promised
The new Ford three-cylinder engine arises in part from the success of the award-winning Fiat Twinair two-cylinder engine already on sale Europe. A large factor is also impending European emission standards that are forcing automakers to produce radical engine designs with low CO2 emissions. The newest Ford Ecoboost three-cylinder is projected to have CO2 emissions under 100 g/km. Continue reading
Korean Automakers Post Huge U.S. Sales Gains as Disputed Free Trade Agreement Heads for Congressional Approval
Some of the biggest sales gains in May were posted by Korean automakers Hyundai (up 20.7% versus a year ago) and Kia (up 53.4%). Combined, the two Korean automakers sold more than 100,000 vehicles for the month. Korea is the fifth largest producer and fourth largest exporter of motor vehicles in the world.
However, Korea ranks at the very bottom — 30 out of 30 among the largest automotive markets — for auto market access. The average among major developed economies is 40% market penetration by imported automobiles, but in Korea, the total of import vehicles from all global manufacturers in all countries entering the Korean market is around 3.6%. This is about 40,000 vehicles in a market that buys roughly one million vehicles annually. Continue reading
AutoNation May Sales Down 15% Due to Japanese Shortages
AutoNation, Inc. today announced that its retail new vehicle unit sales in May 2011 totaled 16,347, a decrease of 15% as compared to May 2010. Toward the end of May, AutoNation delivered its eight millionth vehicle, an automotive retail industry first, at the grand opening of Honda of Dulles. Continue reading
Posted in auto news, new vehicle, results, sales
Tagged auto informed, auto news, auto sales, autoinformed, autoinformed.com, automotive news, autonation, honda fit, honda of dulles, Ken Zino, may sales
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Japanese U.S. May Sales Plunge as Inventories Evaporate. Toyota, Nissan and Honda Decline in Earthquake Aftershocks
Toyota, Nissan and Honda – the Japanese Big Three – all saw U.S. sales plummet in May as a combination of their limited inventories because of the production disruptions from the Japan earthquake and the decreased marketing activities that followed took a huge bite out of sales. Continue reading
Chrysler May U.S. Sales Up 10% as Retail Sales Soar 27%
Chrysler Group, the weakest of the Detroit Three, today reported U.S. sales of 115,363, a 10% increase compared with sales in May 2010 and the best May sales since 2008. The strong results came as larger Ford and General Motors posted flat sales year-on-year. Continue reading
Ford May Sales Flat in U.S. as Retail Sales Rise 5%
Ford Motor Company sales in May were 192,102, the same as one year ago as the economy stalled. Retail sales were up 5% and fleet sales were down 8%. Year-to-date, total Ford Motor sales were 878,600, up 12%. Continue reading
Posted in auto news, economy, news analysis, results, sales
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, ford may results, ford results, Ken Zino, results, sales results, u.s. sales
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General Motors May Sales Flat in U.S. as Retail Sales Rise 9%
General Motors dealers in the United States reported 221,192 total sales in May, including a 9% increase in retail sales compared to May 2010. A sharp -16% decline in fleet sales decreased results so that total sales declined 1% compared to last year. Continue reading
Posted in auto news, results, sales
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, Ken Zino, may gm results, may results, results, sales results, u.s. sales
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Toyota Recalls Prius for Bad Electric Steering Again
Toyota Motor Sales today announced that it will conduct a voluntary safety recall involving approximately 52,000 2001 through 2003 Prius vehicles sold in the U.S. to replace the electric power steering pinion shaft attachment nuts. This announcement is for U.S. vehicles included in Toyota Motor Corporation’s global recall of 106,000 vehicles. Continue reading
Automakers Cut Incentives on Small Cars as Fuel Prices Rise
U.S. consumers already embattled by a weak economy and record high fuel prices for the month of May can add another worry to the list – automakers have drastically cut incentives on small, fuel efficient cars. Continue reading
U.S. Oil Imports Declining Since 2005 Peak. It’s Not All Good
There are several problems with the imported oil numbers since oil is mostly imported as crude, an unrefined product, but is consumed as a refined product. In between there is refinery gain – yes, gain – whereby more comes out of the process of splitting heavier oils into lighter ones. Continue reading
Consumer Confidence Declines as Economic Woes Continue
The Conference Board Consumer Confidence Index decreased in May and now stands at 60.8 (1985=100), down from 66.0 in April. The bad news follows last week’s U.S. unemployment report that says that first time jobless claims soared to 425,000, which means that there is virtually no hiring occurring in the economy as unemployment officially hovers at 9%. The real rate of unemployment is much higher. The latest survey does not bode well for the U.S. auto industry, which is expected to report steep May sales declines tomorrow. Continue reading
Japan Auto Production, Exports off More than 60% in April
The economic destruction is mounting. The total value of automobiles exported for April 2011 was $5,913.446 million – $2,696.405 million for vehicles and $3,217.041 million for parts. This is a decrease of $5,523.561 million or 48 % as compared with $11,437.007 million recorded for the same month of the previous year. Continue reading
