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Tag Archives: COVID-19 Pandemic
NASCAR Finish Line Tweaked with E-Racing as COVID Thrives
In February when NASCAR was still in deep denial about the gravity of the Corona crisis, it and Penn Interactive announced a new multi-year partnership that led to the creation of a brand new, free-to-play, mobile game dubbed NASCAR Finish Line. Continue reading
US Trade Deficit $39.9 Billion in February
March, given an economy in free-fall, will see a bigger decrease in the deficit, but that’s not good news. Roughly two-thirds of the US economy comes from consumer spending. Yesterday, the Labor Department reported that a record number of 6.6 million people applied for unemployment last week. During the last two weeks more than 10 million people in the US were out of work. That should take your breathe away – sadly like Corona virus. Continue reading
Posted in economy, milestones, people
Tagged auto industry commentary, autoinformed.com, COVID-19 denials, COVID-19 Pandemic, Kenneth Zino
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Recapturing Lease Customers Critical J.D. Power Finds
According to the J.D. Power 2020 U.S. End of Lease Satisfaction Study, released today, effective communication and marketing efforts that factor in key decision-making timeframes can play a significant role in improving lease retention rates. Continue reading
Volkswagen of America’s Q1 Sales Drop -13%. March Off -42%
In fact, SUV share of sales -Atlas and Tiguan – in Q1 2020 were 50% of the 75,075 deliveries reported. Continue reading
UAW Pressure: Ford Further Postpones NA Production Restart
In a duh statement Ford said: “Ford and autoworkers’ unions – especially the UAW – are working closely on initiatives to keep the workforce safe, including upgrading social distancing guidelines, requiring the workers to self-certify daily that they are not experiencing any COVID-19 symptoms – and more.” Continue reading
FCA US Reports Q1 Sales Drop -10%
FCA US reported a 10% decline in its first-quarter sales as the positive momentum in January and February was more than offset by the country’s unpreparedness for the ongoing coronavirus that is still running rampant. For the quarter, U.S. sales were 446,768 vehicles compared with 498,425 for the same period a year earlier. Retail sales were 306,898 vehicles for the quarter. Fleet accounted for 31% of total sales. Continue reading
Posted in economy, environment, sales
Tagged auto industry commentary, autoinformed.com, COVID-19 Pandemic, FCA ORE, FCA Q1 US Sales, Kenneth Zino
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GM First-Quarter U.S. Sales Drop -7% to 618,335
President Trump admitted yesterday that the US is looking at a painful two weeks of deaths from the COVID-19 virus. Public health experts have been less optimistic. The GM announcement comes as all of the Detroit Three have postponed resumption of vehicle production due in part to the UAW demanding safe work spaces. Unbelievable that there are still states without shelter-in-place orders. Continue reading
Posted in economy, environment, manufacturing, safety, sales
Tagged auto industry commentary, autoinformed.com, COVID-19 Pandemic, gm sales, Kenneth Zino
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Data Point: 2020 Census Paid Temporary Workers Released
Data will help sorting out the mess created by the US’s unpreparedness for what is now a Global Pandemic with the US a leader in cases, illnesses and deaths. Continue reading
COVID-19 Disrupts the Mobility Industry
“Many cities around the world are currently experiencing lockdowns and ‘shelter at home’ executive orders that have slowed the pace of urban life. Mobility is one of the industries that is being hit directly by the new pandemic in multiple aspects,” Bahrani Fard says. Continue reading
Jeep Renegade and Compass 4xe Ready for Euro Orders
Marketing has been shifted during the COVID-19 pandemic as is made clear by FCA’s challenges of introducing new Jeep Renegade and Compass models in Europe. Continue reading
RumbleOn Posts 2019 Loss. Cancels Guidance
Executive summary from AutoInformed: RumbleOn has ambitious plans with more than $840 million in revenue in 2019, but what is arguably a national brand is facing the ongoing contraction (collapse?) of the U.S. economy. Continue reading
2020 NAIAS Canceled. TCF Center to be Field Hospital. Michigan’s COVID Crisis had Little Federal Help
“With the more than 100 convention centers and facilities around the country being considered to potentially serve as hospitals, it became clear to us that TCF Center would be an inevitable option to serve as a care facility to satisfy our community’s urgent health needs,” said NAIAS Executive Director Rod Alberts. Continue reading
Italian Metalworkers Strike to Halt Non-Essential Production
It is AutoInformed’s view a clear demonstration of strong support for union appeals both in Lombardy and at the national level, demanding the closing of all non-essential production activities. Continue reading
German Tax Payer Funded Driverless Vehicle Testing Shows Need for Complex, Expensive Redundant Systems.
With the auto industry in full collapse given the worldwide COVID-19 pandemic and the resulting and still emerging Global Depression, it is unknown if automakers will continue to rush into developing and producing autonomous vehicles – always a dubious business proposition, which is now likely at some makers a survival issue. Invest in the unknown future, or use resources to keep the existing business alive? Continue reading →