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Tag Archives: GlobalData
US Light Vehicle Sales Strong in November
Light Vehicle sales in the US grew by 11.8% year-on-year (YoY) in November, to 1.37 million units, according to data released by the respected GlobalData consultancy. November had one more selling day compared to November 2023. However, it was the strongest sales result since May of 2021 as the Biden Administration job-creating recovery continues. Continue reading
Posted in news analysis
Tagged Americas Sales Forecasts from GlobalData, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Biden Administration economic recovery, David Oakley, GlobalData, Ken Zino, November US Light Vehicle Sales, X @KenAutoinformed
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November Western European Car Sales Up
“Year-to-date (YTD) sales experienced a slight decline of 0.2% compared to the first eleven months of 2023. The recent collapse of both the German and French governments has heightened political uncertainty in the region. Despite support coming from rate cuts and new model introductions in2025, the combination of political headwinds, high pricing and challenges faced by domestic manufacturers will continue to challenge market activity in the short term,” the GlobalData European Light Vehicle Sales Forecasting Team said. Continue reading
Battery Electric Vehicle Sales In EU Slumping
Roughly half of all European markets saw a drop in battery electric vehicle sales through September 2024, compared to the same period in 2023. There was a slight improvement in Q3.
“This was contrary to consensus market projections. Battery electric vehicle sales in the EU experienced a year-on-year decline of 4% during the first nine months, prompting most OEMs to re-evaluate and rescale their investment plans and strategies towards electrification,” said Vivek Satheesh, a powertrain analyst at the respected GlobalData consultancy. Continue reading
Posted in auto news, economy, electric vehicles, environment, global warming, labor issues, manufacturing, news analysis, results, sales
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, BEV sales in Europe, Chinese trade war, GlobalData, Ken Zino, Vivek Satheesh, X @KenAutoinformed
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Fuel Cell Electric Vehicles – Japan vs Korea
“This rivalry is more than a market battle – it’s a bid for energy independence and environmental sustainability. FCEVs (fuel cell electric vehicles) offer several advantages over traditional fossil-fuel vehicles and even BEVs (battery electric vehicles), such as longer range and faster refueling, making them a potentially transformative solution, especially for long-haul and heavy-duty applications,” GlobalData said. Continue reading
Posted in alternative fuels, auto news, electric vehicles, environment, fuel economy or emissions, global warming, news analysis, public health, transportation
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, battery electric vehicles, FCEVs, fuel cell electric vehicles, GlobalData, hydrogen fuel, hydrogen infrastructure, Ken Zino, X @KenAutoinformed
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October Global Light Vehicle Sales Rate at 93 Million
The Global Light Vehicle (LV) selling rate for October stood at 93 million units/year, according to an analysis released today by the respected GlobalData consultancy.* Year-over-Year, market volumes rebounded from the previous months’ downward trend. YoY sales were up 6% versus October 2023. However, Year-to-Date sales have a modest increase of 1% compared to the same period last year.
“In October, sales experienced a resurgence across most regions. Sales in China grew 5% YoY, as the domestic market saw a modest recovery driven by subsidies and the ongoing price war. In the US, sales grew nearly 12% for the month, driven by additional selling days and new model releases. Finally, sales in Western Europe remained broadly flat, as the region continues to experience significant political and economic headwinds,” the GlobalData forecast team said. Continue reading
October 2024 US Light Vehicle Sales Up at 1.34 Million
Light Vehicle (LV) sales grew by 11.5% year-on-year (YoY) in October 2024, to 1.34 million units. Although the month had two additional selling days than it did in 2023, sales still exceeded expectations and provided a more cheerful perspective on the industry than has generally been the case in recent months, according to preliminary estimates released today by the respected GlobalData consultancy.
“Sales have generally disappointed for much of 2024, but October provided a pleasant change of pace. While the fundamentals of the market have probably not shifted to a great extent, some consumers appear to have been enticed by the gradual uptick in incentives, allied with greater vehicle availability and an easing in interest rates. A number of brands highlighted how Electric and Hybrid Vehicles performed better,” said David Oakley, Manager, Americas Sales Forecasts, GlobalData. Continue reading
Posted in auto news, economy, manufacturing, marketing, news analysis, sales
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Biden Administration economic recovery, David Oakley, GlobalData, Jeff Schuster, Ken Zino, X @KenAutoinformed
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Conflicting China September 2024 Light Vehicle Sales
As of 25 September, according to the China Passenger Car Association (CPCA), more than 1.1 million vehicles were registered for scrapping and trading-in on the National Auto Trade-in Platform. The actual number of those that have resulted in new vehicle sales remains unclear. If they all did, it would imply that approximately half of the 2.1 million PV sales in September were subsidized. Moreover, auto exports are increasing their importance and significance for the Chinese auto industry. Thus the trade wars will continue. The Chinese government has told giant EV makers BYD, SAIC and Geely to halt investment plans in Europe. This will likely play out globally in other trade blocs and countries. Continue reading
Posted in news analysis
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, China September2024 Light Vehicle Sales, Chinese EV trade war, GlobalData, GlobalData Asia-Pacific Light Vehicle Sales Forecasting Team, Ken Zino, X @KenAutoinformed
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September 2024 Global Light Vehicle Sales Down Slightly
The Global Light Vehicle (LV) selling rate for September stood at 90 million annually, in line with August’s results, according to an analysis just released by the respected GlobalData consultancy.* Looked at year-over-year (YoY), market volumes are continuing to trend downwards as sales volumes were down ~ 4% versus September 2023. Furthermore, YTD sales are now only up fractionally compared to the same period last year.
“In September, sales were down across most regions. Sales in China fell 5% YoY, as the economy faces headwinds and despite the ongoing scrappage incentive. In the US sales fell YoY for the month, with this September having fewer selling days. Finally, sales in Western Europe remained underwhelming, as a weak economy and high vehicle prices dragged on LV market activity,” said the Global Light Vehicle Sales Forecasting Team. Continue reading
U.S. Vehicles Sales Drop as Consumers Wait for Discounts
“September sales were in line with our forecast, although our expectations were modest for what was always penciled in to be a quieter month. Even though the Federal Reserve cut interest rates by 50 basis points – above the expectations of many analysts – it is likely to take some time for lower borrowing costs to feed through to the auto industry. Generally, high vehicle pricing is keeping monthly payments elevated, and therefore some consumers are still sitting on the sidelines,” said David Oakley, Manager, Americas Sales Forecasts at GlobalData. Continue reading
Solid-State Cell Technology – All Hype No Production Way?
“With a stream of major cell suppliers regularly announcing ‘major’ breakthroughs in solid-state cell technology, it is proving difficult to discern the reality of the state of play at present.” This from GlobalData’s dedicated research platform, the Automotive Intelligence Center, which was released today as an analyst’s comment.*
“The harsh reality is that 90% of news, plans and solid-state plant activity appears to be bogus, as start of production (SOP) dates slip or vanish, with this being particularly true of information coming from China,” said Oliver Petschenyk Powertrain Analyst at GlobalData. Continue reading
Posted in electric vehicles, electronics, engineering, global warming, manufacturing, news analysis
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, GlobalData, Ken Zino, mass production-capable solid-state batteries, Oliver Petschenyk, Polymer-based solid electrolyte technology, solid-state battery cells, SSBs, X @KenAutoinformed
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U.S. Light Vehicle Sales in August 2024 Disappoint
U.S. light vehicle sales totaled 1.42 million in August, the GlobalData* consultancy said today. The annualized selling rate for the month was 15.1 million a year, down from 16.0 million a year in July. The daily selling rate was estimated at 50,600 units per day in August, down from 51,400 in July. Expectations were high coming into the month, given the inclusion of Labor Day in August for the first time since 2019.** Continue reading
Chinese Auto Industry Steady in July?
The Chinese automotive industry’s economic operations remained fundamentally stable in July, with just a minor dip in monthly production and sales, according to an analysis of the world’s largest auto market just released by the respected GlobalData* consultancy. Domestic light vehicle (LV) sales, excluding exports, totaled 1.8 million units, reflecting a significant year-on-year (YoY) decrease of 10.4% and a month-on-month (MoM) decline of 12.5%, affected by the high comparative base of the same month last year. Continue reading
Posted in auto news, economy, electric vehicles, environment, manufacturing, marketing, news analysis, results, sales
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, GlobalData, July 2024 Chinese Light Vehicle Sales and Production, Ken Zino, X @KenAutoinformed
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Slight Labor Day Jump Forecast for August US Auto Sales
Absolute new-vehicle sales for August 2024, including retail and non-retail transactions, are set to reach 1,437,954, a 4.2% increase from August 2023 on a selling day adjusted basis, according to a joint forecast from J.D. Power and GlobalData.* August 2024 has 28 selling days, one more than August 2023. Comparing the same sales volume without adjusting for the number of selling days translates to an increase of 8.1% from 2023.
“New-vehicle sales in August are up from a year ago, as expected. A key element of the improvement is that this year, the Labor Day holiday weekend falls within the August** sales reporting period instead of September where it normally falls,” said Thomas King, president of the data and analytics division at J.D. Power. “While the sales results for August will be positive, the seasonally adjusted annualized rate (SAAR), which corrects for Labor Day timing, is relatively modest at just 15.3 million units.” Continue reading
West European July New Car Market Diesel Share at ~15%
In July, for the 12th month in a row, diesel* captured around 15% of the region’s new car market, according to an analysis released today by the respected GlobalData consultancy.**
“In fact, the preliminary July result was exactly that figure with June being confirmed at 14.2%. July historically is a robust month for diesel sales though the reason for this isn’t clear. So, while the MoM diesel share was positive, the YoY comparison was more negative than seen in June,” said the GlobalData European Light Vehicle Powertrain Forecasting Team. Continue reading
Posted in auto news, environment, fuel economy or emissions, global warming, manufacturing, marketing, news analysis, sales
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Death of the diesel, GlobalData, July W European New Car Diesel Market Share, Ken Zino, oxford economics, X @KenAutoinformed
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November Global Light Vehicle Sales Rate 93 Million
The Global Light Vehicle (LV) selling rate for November* stood at 95 million units/year, according to an analysis released today by the respected GlobalData consultancy.** a small improvement on the previous month, and the best result so far in 2024. Market volumes continued to grow in November as YoY sales were up 6% compared to November 2023. YTD sales stood at 80 million units.
“In November, sales saw sustained growth in key markets like the US and China. Chinese consumers are capitalizing on scrappage subsidies and a very competitive pricing environment. In the US, an extra selling day compared to the previous year contributed to increased sales YoY. Sales in Western Europe remain lackluster, mirroring previous trends, as political and economic challenges persist, exacerbated by recent government turmoil in Germany and France,” the Global Light Vehicle Sales Forecast Team said. Continue reading →