Consumers lose interest. Even reporters do.!
A few days ago, we wrote that “EVs run out of juice.” When we did that, we referred to collapsing sales in January only. Now Reuters says: “Are electric cars running out of juice again?” Reuters means it in a bigger way. Like forever.
Farago on guard
TTAC founder Robert Farago receives fame and notoriety at the tip of a gun. Not just a gun, Farago owns 18 of them – at least that’s what he disclosed to the Washington Post. The liberal paper has a big feature on the former car blogger who turned into the eye of the storm that surrounds the gun debate.
(Read More…)
Looking at Renault’s European sales, one sees red. Looking at Renault’s stock chart, one sees the best valuations in the last two years, and a trend that is going up. What does the market know we don’t?
(Read More…)
More bad news from Europe: The new car market in Germany, last year an island of stability in a sea of red, was down 8.6 percent in January. On the back of worse news from other European volume markets, this does not bode well for when ACEA will publish its European data next week. (Read More…)
As we all know, TTAC has an occasional thing for pink cars. So has Fiat. Right where I live. Fiat delights Japan with the 500 Fiore Rosa (i.e. “Pink Flower”) limited edition of its Cinquecento. (Read More…)
Today, ad agencies all over the country crunch numbers to prove to their clients that the outrageous amounts of money spent for production and media buys of Sunday’s Super Bowl ads were well spent. Too bad their clients already saw on TTAC which ads were shooting stars, and which were duds. Oh, and Mercedes did not run the car wash ad. They had something more devilish in store.
No doubt each agency will find the most fitting metric to prove that their ad was great. Edmunds has a handy and free metric that shows how well an ad resonates. They call it the “lift.” Edmunds watches your clicks as they are driven to the respective cars on the Edmunds website. It’s a seismograph for the impact an ad has. If the clicks signal a lot of lift, the ad works, as far as Edmunds is concerned. If the needle stays flat, that ad is a dud. Here is the play-by-play. (Read More…)
The rightful winner
The year 2013 starts with a scandal in the usually buttoned-up circle of auto analysts at America’s brokerage and research houses. For more than a year, TTAC has graded the predictions of analysts, as published by Bloomberg, against (hopefully real) data published by OEMs a few days later. In all that time, we haven’t seen a drama like yesterday: For the second time, Bloomberg ruined the chances of an analyst. Now, the analysts fight back. (Read More…)
EV sales had shown minor signs of life in the last quarter of 2012, only to collapse sharply in January. “Sales of the Chevrolet Volt, the Toyota Prius Plug-In and Nissan Leaf each had deep dropoffs in January from December,” Reuters says. (Read More…)
Toyota, along with its Japanese peers, has wallowed in double digit minus territory in China, ever since cars were upturned and dealerships torched in September over a few uninhabited rocks in the East China Sea. In January, China sales of Toyota shot up 23.5 percent compared to the same month a year earlier. Are Japanese fortunes in China finally turning to the better?
(Read More…)
The U.S. new car market was up strongly in January. GM and Ford surprised analysts with double digit sales rates. Toyota, up 26.6 percent also surprised. (Read More…)
If anyone is hoping for a turn-around of the European car market, be it Opel, PSA, or Pch101, January definitely was not the month it happened. Some people, who get paid a lot of money for a very long-term vision, believe we have to wait years for the turn-around. The French car market dropped 15 percent in January, with “Volkswagen and U.S. carmakers leading the drop,” Reuters reports. Massive sales subsidies of 2,000 euros ($2,700) per car, reintroduced in October in Spain, could not reverse the Spanish market. It dropped 9.6 percent. (Read More…)
A new year started in Japanese auto sales, and the easy double digit up times while comparing with a disaster 2011 are over. It’s getting worse: This year, Japan’s new car sales compare to 2012 sales on government-speed: Japanese could collect hefty subsidies in most of 2012, no such largesse this year. In January, new car sales are not down 12.9 percent, as the Dow Jones News Wire make you believe. They are down 7.8 percent, as correctly reported by Reuters. But down is down. Please come to the tables. (Read More…)
It was one of the worst-kept secrets: Two weeks ago, Reuters reporters had picked up the scent of Daimler planning a big investment into China’s BAIC. This week, rumors started flying around in Beijing that it is true. Today, Daimler announces, as expected, that “Daimler AG is going to invest in BAIC Motor, the passenger car unit of BAIC Group, one of the leading automotive companies in China.” (Read More…)
Andrew Lok, a.k.a. contestant #28, won the Thursday round of the TTAC Future Writers Week by a wide margin. His epos on stolen GPS machines, and his pilgrimage to the Valhalla of Speed, the Nürburgring der Niebelongen, received 45 percent of all votes on Thursday. In the following week, when the full results of TTAC’s Future Writers Week were published, Lok was gone.
Audi follows a trend set by other OEMs, notably GM, and opens an R&D Center in China. Located in Beijing’s fashionable 751 D-Park , the center will be busy doing product customization for the Asian market, especially when it comes to electronics and connectivity, along with components for new-energy vehicles and efficient powertrains. (Read More…)
Recent Comments