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Tag Archives: GlobalData
US Auto Sales Soar in May
“After a particularly robust result in April, it would not have been surprising if May sales were a little disappointing, but instead, we interpret May’s outcome as another encouraging one for the industry,” said David Oakley, Manager, Americas Sales Forecasts, GlobalData. Continue reading
May US Light Vehicles Sales Forecast Up 20%
“The industry is positioned for another strong month in May as retail sales are estimated to surge 9.6% from a year ago. This positive performance is complemented by a projected 0.7% increase in average transaction prices. As a result, it is anticipated that consumers will spend nearly $47 billion on the purchase of new vehicles in May, showcasing a significant 13% growth from a year ago,” said Thomas King, president of the data and analytics division at J.D. Power. Continue reading
Posted in economy, results, sales
Tagged auto industry commentary, autoinformed.com, GlobalData, j.d power, Jeff Schuster, Ken Zino, lmc automotive, Thomas King
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February Global Light Vehicle Sales Up 11% at 6.5 Million
The drop in SAAR – seasonally adjusted annual rate – is from a deceleration in the Chinese market in February, affected by the Chinese New Year and the termination of tax incentives in 2022. Both the North America and Western Europe markets saw YoY improvements in performance when compared against a weak 2022, while Eastern Europe continues to suffer YoY negative growth. Continue reading
US Light Vehicles Sales in January 2023 Weak at 1 Million
The usual problems remain – record high transaction prices, economic uncertainty, the Federal Reserve’s determination to send the economy into a recession via its ongoing interest rate increases, skimpy inventory caused by supply chain disruptions for some major automakers, notably Ford and Toyota – all make for a rerun of the flop show Pandemic Blues. So good luck reopening that show in 2023 with the same cast and plot. Continue reading
Posted in economy, news analysis, sales
Tagged auto industry commentary, autoinformed.com, David Oakley, GlobalData, Jeff Schuster, Ken Zino, lmc automotive, nada, Patrick Manzi
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2022 US Light Vehicles Sales Worst Since 2011
However, December posted the highest volumes of 2022, ahead of March by ~26,000 units. The daily selling rate was estimated by LMC as 47,500 units/selling day, compared to 44,900 units/selling day in November. LMC thinks that shows how the annualized selling rate was affected by the historical seasonality rather than the pace of sales necessarily slowing down. According to preliminary estimates, retail sales totaled around 1,057,000 units, unchanged from December 2021, while fleet accounted for approximately 225,000 units, representing 17.6% of the total market. Continue reading
Posted in economy, news analysis, sales
Tagged auto industry commentary, autoinformed.com, David Oakley, GlobalData, Jeff Schuster, Ken Zino, lmc
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US October Light Vehicle Sales Grow 11.4% to 1.2 Million
The market viewed by automaker shows that Mercedes-Benz enjoyed the strongest YoY growth in October, with a 53.0% YoY gain. Among higher-volume manufacturers, General Motors showed the strongest growth, up by 51.2% YoY. GM also led the market, with a 17.2% share, 0.9 percentage points (pp) ahead of Toyota Group. Honda Group’s struggles continue with sales down by 16.0% YoY. Stellantis and Ford Motor also saw YoY declines, of 14.0% and 10.2%, respectively. Continue reading
Posted in economy, news analysis, sales
Tagged auto industry commentary, autoinformed.com, David Oakley, GlobalData, Jeff Schuster, Ken Zino, lmc automotive
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US May Auto Sales – Record Prices as Sales Plunge -29%
“Headwinds continue to stack against a sustained market recovery and stability in vehicle supply. We expect the economy and auto market to remain plagued by volatility for the foreseeable future. Given the elevated risk, it is plausible for 2022 to turn to negative from the 2021 level, with volume down to 14.7 million units. Continue reading
Posted in economy, sales
Tagged auto industry commentary, autoinformed.com, GlobalData, j.d power, Jeff Schuster, Ken Zino, lmc automotive, May 2022 US Auto Sales, nada
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Global Light Vehicle Sales at ~89 Million Rose Again in May
“US LV sales grew 23.5% YoY to 1.4 million units as OEMs raised vehicle production on the back of fewer supply issues. China performed stronger than the first four months of the year with a selling rate of 29.6 million units/year. All major West European countries reported positive YoY growth as their markets continue to recover with the easing of supply issues,” LMC said in copyrighted report for clients. Continue reading →