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Tag Archives: results
Toyota U.S. Sales Down 5.7% in March. Q1 Plus 12.5%. Nissan, Honda Post Double Digit Gains as Toyota’s Troubles Go On
Toyota Motor Sales (TMS) U.S.A. today reported March sales results of 176,222 units, down 5.7% from a year ago on a volume basis. The Toyota Division posted March sales of 155,540 units, a decrease of 6.7% from the year-ago month. The Lexus Division reported total sales of 20,682 units, up 2.3% March. Overall, based on preliminary numbers, it looks like the industry is up roughly 12%. Continue reading
Posted in auto news, marketing, news analysis, results, sales
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, hinda, Ken Zino, lexus sales, nissan, nna, results, scion sales, tms sales, toyota, toyota march sales, toyota sales, u.s. sales march, zino
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General Motors U.S. Sales Up 11% in March, Q1 Up 26%
Dealers for General Motors Company reported 206,621 total sales during March in the U.S., an increase of 11%, and a 17% increase in GM retail sales. Discounted fleet sales were 27% of the total.
For the first three months, total GM sales increased 26% to 592,545 units compared to a year earlier. As a result, each of GM’s remaining brands – Chevrolet, Buick, GMC and Cadillac – gained retail and total market share during the quarter, a welcome reversal of a declining trend that was underway for five decades and ultimately led it GM’s bankruptcy in 2009. Continue reading
March New Vehicle Retail Sales Running at 10.9 Million SAAR
March new-vehicle sales are showing stability through the first three weeks of the month, continuing a trend of monthly double-digit year-over-year increases, according to the latest data.
New vehicle retail sales are projected to come in at 991,900 units, which represent a seasonally adjusted annualized rate (SAAR) of 10.9 million units, according to J.D. Power and Associates, which gathers transaction data from more than 8,900 franchise dealers throughout the United States. Continue reading
BMW Says Record Sales and Earnings Coming in 2011
The BMW Group during 2011 will improve on record earnings set in 2010 and increase them again in 2012 claimed Norbert Reithofer, Chairman of the Board of Management of BMW AG on Tuesday in Munich.
It was the latest sign that the auto industry is coming back, especially in high margin luxury vehicle segments. The BMW prediction follows records the world’s larger luxury make set in 2010. Continue reading
BMW on Record 2010 Earnings Proposes Record Dividends
As a result of the strong comeback the BMW Board of Management and the Supervisory Board will propose that the dividend be increased to €1.30 (2009: 0.30) per share of common stock and €1.32 (2009 € 0.32) per share of preferred stock at the annual meeting in May.
Both proposed dividends are record highs. The odds that shareholders will vote down such increases are close to nil. Continue reading
U.S. Treasury to Sell $2.7 Billion of Ally Preferred Securities
As part of this corporate welfare program, Treasury invested a total of $17.2 billion in a failing Ally. This was the result of what critics called reckless lending practices in the home mortgage markets, which caused huge Ally losses when the housing bubble burst in 2009. Continue reading
Used Vehicle Sales Up 12% in February
It’s not only the new vehicle market that’s showing signs of revival in February – used vehicle sales are up as well, with more than 1.8 million units changing owners. This healthy sales trend comes during February, traditionally the slowest … Continue reading
China Rules as GM Sets February Sales Record
General Motors and its eleven government-mandated Chinese joint ventures sold 184,498 vehicles in February, setting a new record for the month, but not, repeat not, outperforming its amazing sales of 207,000 in its home U.S. market. Continue reading
Posted in auto news, new vehicle, news analysis, results, sales
Tagged auto news, autoinformed, autoinformed.com, automotive news, china auto market, china results, china sales results, Chinese auto, GM, gm china, Ken Zino, new vehicle, news analysis, results, sales and tagged auto informed, zino
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General Motors, Toyota Post Huge February Sales Gains as SAAR Soars to 13.4 Million. Ford and Chrysler Losing Ground?
U.S. vehicle sales in February jumped to a surprising 13.4 million units on a seasonally adjusted annual rate (SAAR) as easier credit, liberal incentives and rising truck sales boosted the market. The clear winners were a resurgent General Motors and … Continue reading
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Tagged auto informed, auto news, auto sales, autoinformed, autoinformed.com, automotive news, BMW, Ford, GM, Ken Zino, lexus, mercedes, results, toyota, us sales results. february results, zino
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General Motors Posts 2010 Net of $4.7B on $135.6B of Income
General Motors Company (NYSE: GM) today announced its calendar year 2010 results of $4.7 billion of net income per share of common stock for its first full year of operations after it emerged from bankruptcy as a U.S. and Canadian taxpayer owned automaker. Continue reading
Posted in auto news, economy, financial results, news analysis, results
Tagged 2010 results, auto informed, auto news, auto results, autoinformed, autoinformed.com, automotive news, gm results, Ken Zino, results, zino
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New Toyota Ads Debut on Monday Touting “Why It’s the Best-Selling Brand in America.” Sales Slowly Coming Back?
“#1 for a Reason.” includes rebates and 0% financing for 60 months across most of Toyota’s core vehicles. Continue reading
Posted in auto news, economy, marketing, news analysis, results, sales
Tagged #1 for a reason, auto informed, auto news, auto sales, autoinformed, autoinformed.com, automotive news, january sales, Ken Zino, lexus results, results, scion results, toyota, toyota ads, toyota sales results, us auto sales, zino
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U.S. Vehicle Sales Forecast to be Up in February from January
If sales continue to grow, what are now isolated shortages of some vehicles will become greater, and prices will rise. Suppliers, who drastically trimmed output during the past three years, are showing signs of not being able to keep up. Continue reading
Posted in auto news, results, sales
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, february sales, j.d power, Ken Zino, results, sales results, u.s. sales, zino
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European Car Sales Decline in January
For U.S. taxpayers with substantial stakes in Fiat-controlled Chrysler and GM there were uneven results. Chrysler sold a mere 2,353 vehicles in January, down 24%. However, CEO Sergio Marchionne maintains that Lancia can help Chrysler sales by distributing its cars, and Jeep has substantial room for growth.
The Opel/Vauxhall subsidiary of GM posted a rise of 6% to 72,553 vehicles helped by growth in Germany. Opel, with more than 40,000 employees in Europe, lost the owners of GM, including U.S. and Canadian taxpayers more than $1.1 billion in the first three quarters of 2010, with the final results not in yet. Continue reading
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Tagged acea, auto informed, auto news, autoinformed, autoinformed.com, automotive news, ec sales, europe auto sales, european sales, fiat Chrysler, gm opel, jeep, Ken Zino, lancia, marchionne, results, zino
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Ford Europe Sales Flat; Down Again in Western Europe
Ford now appears caught by two unforeseen macro-economic trends that are largely beyond its short term control – the collapse of Western European economies where Ford is a major player, and the growth of India and China, where Ford is a minor factor. Continue reading
Global Vehicle Sales to Top 72 Million in 2011 in Latest Forecast
The sale of new cars and light trucks in 2011 are projected to reach 76.5 million units, which would surpass the record of 72 million light vehicles sold 2010, according to J.D. Power and Associates Automotive Forecasting. If accurate, this … Continue reading
