-
Recent Posts
- 2025 Corvette ZR1 – 2.3 Seconds 0-60 MPH
- EU Car Sales Weak Again in November
- Supply Chain Resilience – U.S. DOT Four-Year Review
- CarMax FY Q3 Net Profit Up 1.2%
- Toyota to Get $4.5M in Fed Funding for EV Batteries
- California Advanced Clean Cars II Regs – EPA Grants Waivers!
- Clean Air Act – Power Performance Enterprises Fined
- Milestones – Sculptor Charles Sykes – Spirit of Ecstasy Creator
- US Auto Sales Forecast Trump Bump or Bumpy 25?
- Toyota Slashes 2025 Electric Vehicle Prices $6000
- Kenworth, Peterbuilt ABS Software Recall
- November Global Light Vehicle Sales Rate 93 Million
- Airports – More Safety, Capacity Improvements On Way
- Florida Man Pleads Guilty to Odometer Tampering
- December U.S. Auto Sales Start Strong
Recent Comments
- US Auto Sales Forecast Trump Bump or Bumpy 25? | AutoInformed on Trump Presidency Effects on Auto Industry – All Bad?
- Lisa Jacobson on Fossil Fuel Phase Out or Cop Out at COP28?
- Stellantis on Carlos Tavares Out as Stellantis CEO
- NHTSA Fines Ford $165M for Flouting Recall Law | AutoInformed on Ford Recalls Defective Rear-view Cameras on 620,246 Vehicles
- Alfa Romeo Returns to Formula 1 in 2018 via Sauber on Alfa Romeo Returns to Formula 1 in 2018 via Sauber
Archives
Meta
Tag Archives: j.d power
US New Vehicle Sales in May Forecast as Record Setting. Global Sales are Another Matter Entirely
Total new-vehicle sales for May 2021, including retail and non-retail transactions, are projected to reach 1,555,600, a 39.6% increase from May 2020 and a 1.9% decrease from May 2019. The seasonally adjusted annualized rate (SAAR) for total new-vehicle sales is expected to be 16.7 million units, up 4.7 million units from 2020 but down 0.7 million units from 2019. The overall sales results for manufacturers will be mixed. Some are experiencing greater production problems because of semiconductor shortage. This will hurt, perhaps materially in the financial sense, various manufacturers monthly sales and profit performance for May and the months to come. Continue reading
April US Auto Sales About to be Highest Ever. Blip or Trend?
Total new-vehicle sales for April 2021, including retail and non-retail transactions, are forecast to reach 1,479,800 units, a 107.1% increase from April 2020 and a 7.8% increase from April 2019 when adjusted for selling days. Reporting the same numbers without controlling for the number of selling days translates to a 107.1% increase from April 2020 and a 12.1% increase from April 2019. The seasonally adjusted annualized rate (SAAR) for total new-vehicle sales is expected to be 18.1 million units, up 9.4 million units from 2020 and up 1.7 million units from 2019. Continue reading
US March Vehicle Sales Rebound. Beating the COVID Reaper?
March 2021 sales were likely increased by delayed sales caused by harsh February winter weather. Then there’s the increase from stimulus checks following the passage of the Biden administration’s COVID-19 relief bill, which no Republican voted for. Continue reading
Posted in news analysis, sales
Tagged auto industry commentary, autoinformed, autoinformed.com, j.d power, Ken Zino, nada
1 Comment
COVID Changes – Digital Auto Lending Infected
“The pandemic has severely disrupted dealer-lender communication, with many dealers reporting that lenders were delayed or not available when they needed them, or not able to assist in a timely manner,” said Patrick Roosenberg, director of automotive finance intelligence at J.D. Power. This of course begs the question of there’s another solution – such as borrowers dealing directly digitally with lenders, which will eliminate a lucrative profit center at dealerships. Continue reading
J.D. Power Completes ALG Acquisition
The money involved right now is breathtaking. Determining an accurate residual value – the value of a vehicle at the end of a lease term is the underpinning of auto leasing because it allows dealers and manufacturers to set the most competitive lease terms today, while protecting their profits tomorrow. About one-third of new vehicles sold each year are leased, typically for a three-year term. At any point in time, the value of vehicles in outstanding lease portfolios is estimated at $500 billion by Power. Continue reading
Covid – Drastic Changes to Commuting Have Slight Effect on Feelings about EVs and Self-Driving Technologies?
While the ongoing Covid plague has drastically changed American lives, what’s not new is that Inexperience and Lack of Knowledge Remain Barriers for Acceptance of EVs and Self-Driving Technologies. Nonetheless, automakers are investing heavily in electrification and self-driving technology despite an absence of substantive consumer interest in either. Continue reading
Auto Shoppers Dumping Dealers for Online Buying
During the COVID-19 pandemic, 65% of automotive shoppers’ decision to purchase a vehicle was affected and 40% of shoppers delayed making a new vehicle purchase. As a result, more buyers are now willing to purchase their vehicles online instead of at a dealership. Continue reading
August Vehicle Sales to Drop as Prices Hit Record High
Reporting the same numbers without controlling for the number of selling days translates to a decrease of -16.8% from a year ago. While the decline vs. August 2019 is substantial and reflects the ongoing do nothing about COVID-19 attitude of the hapless Trump reign, August 2020 contains two fewer selling days than August 2019. It also has no help from promotions during the Labor Day weekend, which is after the August sales close. Continue reading
J.D. Power to Buy ALG from TrueCar
The acquisition is predicted to augment offerings from the data & analytics division of J.D. Power. It is subject to the necessary regulatory approvals. Upon approval and close, all 40 ALG employees will join J.D. Power. Continue reading
Posted in economy, marketing, news analysis
Tagged alg, auto industry commentary, autoinformed, autoinformed.com, j.d power, Ken Zino, leasing
Leave a comment
US June Retail Sales Down -6% from Pre-Virus Forecast
The sales came at a high price, though, Record levels of manufacturer incentives for the month of June are supporting the recovery. Incentive spending should reach $4,411 in June, the highest ever for the month and an increase of $445 from June 2019. Incentives on cars are expected to be up $459 to $4,031, with trucks/SUVs up $407 to $4,524. Continue reading
Posted in marketing, results, sales
Tagged auto industry commentary, autoinformed.com, j.d power, Ken Zino, Thomas King, US June vehicle forecast
Leave a comment
Duh – New Vehicle Quality Determined by Working Technology J.D. Power Says
In a victory of sorts, most domestic brands are above average. Seven domestic brands perform better than the overall industry average of 166 PP100. Continue reading
Consumer Feelings on Future Mobility Technologies Declines
The quarterly study claims to be “the pulse of market readiness and acceptance for self-driving and battery-electric vehicles, as seen through the eyes of consumers and industry experts.” Continue reading
US February Retail Vehicle Sales to Surpass a Million
“Last year it took until September for the industry to reach the current spend levels,” King noted. “While the coronavirus has had no meaningful effect on production yet, it does have the potential to reduce overall inventory levels and lower the need for continued elevated incentives. If unhealthy inventory levels persist throughout the year, however, manufacturers may be faced with spend levels that are pacing towards $5,000 by next year.” Continue reading
Posted in economy, sales
Tagged auto industry commentary, autoinformed.com, automotive blog, j.d power, Kenneth Zino, lmc automotive
Leave a comment
Electronic Sales Process – Power Acquires Trilogy Automotive
This in theory expands the capabilities and reach of its existing offering so manufacturers and dealers to improve retail lead management programs. Trilogy Automotive’s patented technology ranges from custom and client driven to turnkey configuration, design and lead management systems. Trilogy has powered automotive companies such as Ford, GM, Nissan, Chrysler, Toyota, Hyundai, Kia, Volvo, Jaguar and AutoNation. Continue reading
US September Auto Sales Projected Down -25%
“The mismatch between strong consumer demand and constrained inventory is leading to higher vehicle prices. In September 2021, average transaction prices are expected reach an all-time high of $42,802, the fourth consecutive month over $40,000,” said Thomas King, president of the data and analytics division at J.D. Power. This begs the question, AutoInformed opines, are automakers about to face another revenue threatening affordability crisis? Continue reading →