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Tag Archives: lmc
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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China Light Vehicle Sales Highest Ever in August
“PV wholesales and production numbers for August were in line with our expectation for the month. After the reopening of Shanghai, sales rebounded strongly for the second consecutive month in July, continuing to be boosted by pent-up demand and the temporary purchase tax cut on PVs (from 1 June to 31 December 2022). The local governments’ and automakers’ sales promotions also played a role in the brisk demand. In the recently three months, some of the premium brands have been promoted by the purchase tax preferential policy, and the recovery of the market is obvious,” said LMC. Continue reading
Global Light Vehicle Sales Rate Drops in February
Even with the disruption to the world’s largest auto market due to the Chinese New Year, sales for the rest of the globe were weaker compared with the month before. Year-on-year (YoY) sales were 1% down on a poor base performance last February. Continue reading
Ukraine – EU Truck Sectors at Immediate Risk. Others to Unfold
Putin’s war against Ukraine continues to present uncertain, but no doubt negative impacts on the global auto industry. The Medium and Heavy Truck segments throughout the European region are now clearly under extreme risk. Other collateral risks – such as the shutdown of Toyota in Japan this morning because of a cyber-attack – will only become apparent after they happen in AutoInformed’s view. Continue reading
US Battery Electric Vehicle Market – Progress or Proliferation? Tesla has a 75% Share. Is the Nissan LEAF a Best Buy?
The Nissan LEAF was the first modern pure EV when it launched in 2010. Since then the US battery electric vehicle market has added roughly 20 different models with prices ranging from ~$21,000 to more than $160,000. The question for consumers is this progress or just proliferation? Well, as always, it depends on what you consider. Continue reading
May US Light Vehicle Sales – Start of an Affordability Slump?
But there is more going on here, AutoInformed opines, given current market conditions. While automakers and the business press have been chasing the semi-conductor shortage, many claim May’s drop in sales are the effects of a supply and demand imbalance. However, the vehicle mix of highly-equipped vehicles, plentiful low-interest-rate money, and the headlong rush into electric vehicles – priced above an average working person’s ability to carry the loan – are starting to make light vehicles unaffordable to the working and middle classes. Continue reading
Posted in economy, news analysis, sales
Tagged auto industry commentary, autoinformed, autoinformed.com, Ken Zino, lmc, nada
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Ugh – US Light Vehicle Sales Drop during February 2021
Blame the weather since US light vehicle sales dropped to 1.18 million in February, according LMC Automotive, an automotive global forecasting consultancy. Continue reading
Posted in results, sales
Tagged auto industry commentary, autoinformed, autoinformed.com, Ken Zino, lmc
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Good and Bad? January US Light Vehicle Sales Down -3%
Projections for 2020 Global Light Vehicle sales ended at 77.7 million units, down -14% from 2019 and with a stronger recovery than expected initially. LMC maintains that 2021 is poised to continue the recovery, with volume projected at 86.5 million units, up 11% from 2020. AI thinks while the past isn’t a 100% sure predictor of the future, the new – perhaps more virulent strains of the Covid virus, the nationalistic fights over vaccines, the emergence of fascism and sedition in the US, and stricter and ongoing social controls in most major market are huge risks. Continue reading
Posted in news analysis, results, sales
Tagged auto industry commentary, autoinformed, autoinformed.com, Jeff Schuster, Ken Zino, lmc, semiconductor shortage
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Auto Plant Downtime Looming as COVID-19 Thrives?
LMC notes that projected regional and export demand, along with inventory replenishment, has it forecast that US automakers will produce nearly 40,000 vehicles daily in the second half of 2020. Continue reading
LMC Automotive Now Projects Double the Decline of the Great Recession in Light Vehicle Sales During 2020
LMC currently is forecasting 2020 global Light Vehicle sales to fall below 77 million units, a decline of nearly 14 million units or -15% from the 2019 level. For comparison, global Light Vehicle sales fell 6 million units from 2007-2009 to 64 million units, a two-year decline of 8.7%, or 4.5% CAGR. Continue reading
Western European Passenger Car Sales Weak
The introduction of WLTP in September 2018 distorted the market in August and September last year, with a high base effect in August and a low base effect for September as it became clear that diesels were dirty and not meeting emission standards. Continue reading
Posted in economy, sales
Tagged auto industry commentary, autoinformed.com, automotive blog, Kenneth Zino, lmc
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Weak Chinese Retail Sales in August Delay Recovery
Chinese passenger production improved in August, with a drop of -0.7% to 1.66 mn units, recovering from the double-digit declines seen in recent months. LCV output fell by – 0.9% to 0.24 mn units. LV output was down by 0.8% YoY, on total build of 1.90 mn units. Now that vehicle stocks have been unwound, OEMs no longer are carrying bloated inventories and are preparing to resume normal production rhythms, says LMC. However, LMC decided to make a further cut to the passenger vehicle growth forecast for 2019, from -5.5% to -7.4%. This is bad news for the global economy in general and the Detroit Three. Continue reading
Posted in economy, sales
Tagged auto industry commentary, autoinformed.com, Chinese Vehicle Sales, Kenneth Zino, lmc
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August Global Light Vehicle Sales Drop -3.9%
Global Light Vehicle (LV) sales fell 3.9% in year-on-year (YoY) terms in August, but the selling rate accelerated to 94.9 mn units/year, from 90.9 mn units/year in July, according to the LMC* consultancy. However, in a whistling past the graveyard … Continue reading
Posted in auto news
Tagged auto industry commentary, autoinformed.com, automotive blog, Ken Zino, lmc
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Western European Car Registrations Fall by -8.5%
“We suspect that last month’s strong sales may have been the result of an increased use of self-registrations by dealers and OEMs, ahead of further changes to WLTP regulations which came into effect on 1 September, and we may therefore see some payback in selling rates in the coming months,” says LMC. Continue reading
Posted in economy, news analysis, sales
Tagged auto industry commentary, autoinformed.com, automotive blog, eu, Ken Zino, lmc
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December Global Light Vehicle Sales at 82M Down Again
China’s market was a major culprit with its sluggish end to 2022 . In China December raw sales were down almost 12% year-over-year (YoY), which LMC attributed to increased disruption and uncertainty with the abrupt ending to the zero-Covid policy. North America and Europe showed positive YoY growth for December, although both remained below their 2021 sales, -7% and -11% respectively. Continue reading →