Tag Archives: lmc automotive

August Global Light Vehicle Sales Weaken Again

The US Light Vehicle market continued to be hurt by low inventories during July. Sales grew by only 3.2% YoY, to 1.28 mn units. This is a slight advance compared to July 2020’s pandemic-affected result. The selling rate declined more to 14.6 mn units/year, from 15.4 mn units/year in June. This is the lowest rate since June 2020. Continue reading

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Chinese Covid Recovery Policies is Zero-Sum Game for Automakers Overall. Luxury, Compact Segments Benefit Most?

As with most statistics though, the devil is hiding in the details. Consultancy LMC Automotive says there is an enduring imbalance in the economy’s internal structure: the performance of the Purchasing Managers’ Index (PMI) among medium and large enterprises is significantly better than that among smaller enterprises. Continue reading

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July Global Sales Days Dogged by Delta, Semiconductors

“The semiconductor shortage held back the post-lockdown recovery of vehicle sales in Europe, while its impact on inventories in the US meant average transaction prices soared. Meanwhile, rising Delta variant cases threaten to worsen the outlook in parts of Asia.” Continue reading

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US Vehicle Sales Drop in July for Third Month Running

Toyota, General Motors and Hyundai were the three bestselling OEMs, while Ford had the weakest performance compared to last July. Ford remains mired in simi-conductor shortages and long-standing troubled relationships with suppliers. Hyundai re-introduced the Compact Pickup segment in July, with the first units of the Santa Cruz delivered. This segment of course was once dominated by GM and Ford before Toyota and Nissan moved in. Continue reading

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Ford Leads NA Production Cuts from Semiconductor Shortage

Ford Motor looks to have been affected the most, as shortage-related plant shutdowns left its facilities running at just 55% of total capacity through May of 2021. Ford’s estimated volume loss in the first half of this year is more than  50% greater than that recorded by the next manufacturer in line – and the largest in North America – GM, according to consultancy LMC. Continue reading

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Whither US Vehicle Sales in 2021? Is 14 Million a Stretch?

AutoInformed puts it to you thus: This is the market price of failed ideologies grimly held by blind true-believers who ignore real data-backed consequences, scientists, epidemiologists, economists and political scientists to their own detriment – if not indeed their own self destruction. Continue reading

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Global Auto Business Threatened by Covid Second Wave

While the past isn’t a 100% sure predictor of the future, “A second wave and stricter social controls pose a large risk to our central forecast” LMC notes in its latest analysis. LMC projects that 2020 global assembly plant use is expected to fall to the lowest level ever recorded – just 51%. The pandemic-caused shutdowns during March and April had a profound impact on both the volume and use of plants globally. Continue reading

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