Tag Archives: lmc

China Pulls October Global Vehicle Sales to All-Time Record

The global auto market during October is running at a record rate of close to 85 million light vehicles a year. China as usual is at the forefront of the increase with a historically strong selling rate of 22.4 million annually. Sales are also increasing in other markets, with West European demand slowly moving upwards while Brazilian and Japanese sales were astrong. Continue reading

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Global Vehicle Sales to Stall?

Global light vehicle sales could be slowing down, and if the recent trend continues, tens of millions of car sales would disappear from five-year global forecasts. Continue reading

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China Light Vehicle Sales Remain Strong in August

LMC notes that widespread industry predictions of only single digit growth rates for auto sales this year and for the next couple are increasingly looking erroneous and is sticking to a more than 13% increase during 2013 as a forecast. Continue reading

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September U.S. Auto Sales Slowing in Latest Forecast

While a total September sales forecast of 1,132,800, if accurate, represents a mere 2% increase from September 2012, a calendar issue with Labor Day has negatively biased the month. The auto industry reports sales on a sales month basis rather than a calendar month basis. Historically, Labor Day falls in the September sales month. Not in 2013 though, it fell in the August sales month. Continue reading

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China Auto Sales Continue Upward. GM Sets August Record

China’s entire light vehicle market posted a solid start in Q3, with locally‐made light vehicle sales according to the latest data available reaching 1.43 million units in July, up 9.3% from a year earlier. Continue reading

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August European Auto Sales Down Again

Auto sales in Western Europe fell by 5.3% in August dashing the hopes of auto executives that the market had finally bottomed out while continuing a five year negative trend as the results continue to confirm the bleak conditions facing the industry. Continue reading

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Global Light Vehicle Sales up 14% in July 2013

While global light vehicle sales slowed during July, the selling rate is still ahead of year-ago levels with a Seasonally Adjusted Annualized Rate or SAAR at 82.2 million. In the U.S. during July, sales were once again strong, with a SAAR of nearly 15.8 million, an increase of 14% versus July 2012. Continue reading

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Alternative Powertrains to Remain Technical Curiosities

The market share of battery electric vehicles’ (BEVs) of U.S. light vehicle sales is expected to remain below 1% through 2020. If plug-in hybrids (PHEVs), such as the Chevrolet Volt and the Ford Fusion Energi are included, share will only increase to 3% by 2020. Continue reading

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July U.S. Sales Projected as Hot – up 12%

Not all this is good news for automakers in general, and specifically the Detroit Three. Drastic capacity cuts during the Great Recession have caught them out with the market recovery volumes approaching 16 million now running at least a year ahead of earlier forecasts. Mandatory overtime and cancelled vacations are the rule of the day, which ultimately will wear down UAW and workers at Japanese companies and inevitably lead to quality declines. Continue reading

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Light Vehicle Sales Slow in February to 79.7M SAAR

Global light vehicles sales slowed in February for a seasonally adjusted annualized rate or SAAR of 79.7 million units. Some of the decrease was due to the timing of the Chinese New Year during the month instead of January. The consultancy LMC Automotive claimed that the first two months taken together are running as 82.7 million units per year, and is likely a more stable measure of recent demand levels. Continue reading

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December Car Sales in Western Europe Drop 16%. Off -8% in 2012

The last month of 2012 saw car sales in Western Europe decline by 16% to a SAAR – or Seasonally Adjusted Annualized Rate – of just 11.7 million vehicles as the Eurozone crisis deepens. The market dropped more than -8% for the year taking it back to levels not seen since 1993. Sales in 2012 are more than 3 million units lower or -21%, compared to the size of the 2007 market. Continue reading

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U.S. Auto Sales to Increase in 2013 to 15.3 Million as Recovery Slows

Prognostications are now well underway among consulting firms to predict 2013 U.S. auto sales. On the eve of the final results for 2012 U.S. auto sales, one firm has new light vehicle registrations in the U.S. in 2013 increasing 6.6% from 2012 levels to 15.3 million vehicles. Continue reading

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Global Light Vehicle Sales Flat in October at 80.6 Million SAAR

Global sales of light vehicles were flat in October as declines in the EU offset modest gains elsewhere. Nonetheless, on a seasonally adjusted annual basis or SAAR, 2012 is tracking at a rate of 80.6 million units a year, with 68 million vehicles sold year-to-date. This means that the trend line of ever increasing global sales is now restored to a pre-2008 slope, before the global collapse of the financial and real estate markets created a Grand Canyon-sized dip from more than 70 million units in 2007 to a trough of ~55 million in 2008 and 2009. Continue reading

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