The analysts polled by Bloomberg should wear a bullet-proof vest and avoid dark alleys for a while. To a woman and a man, the analysts were too exuberant, guessing way too high for May. Despite a respectable 13 percent gain, the market came in below the expectations created by analyst predictions, which sent car stocks broadly lower yesterday.
Today, the wayward soothsayers receive their just punishment. Read More >
The Toyota Camry and Honda Accord were once bitter rivals for the title of “America’s Best-Selling Car”. The Camry is still top dog year-to-date, but the number two spot has changed. Meanwhile, Honda’s two core products rank third and fourth.
GM has just gotten back to us about the Oshawa Consolidated plant closing down next year, and despite the carefully worded, PR-approved statements, there are some good nuggets of information, and perhaps a couple conclusions to draw from here.
GM up 11 percent. Ford up 13 percent. Chrysler up 30 percent. Nissan up 21 percent. Volkswagen up 28 percent. Toyota up a whopping 87 percent. A few months ago, these numbers would have set champagne corks and fireworks flying. Today, these numbers were greeted by a communal meh and by stocks of automakers going south. Read More >
Domestic sales of new cars, trucks and buses in Japan rose 66.4% from a year earlier in May, data provided by Japanese industry groups show. Read More >
I agree with Dyson. Brand is an utterly obnoxious word. Brand really just means “reputation”. As we’ve seen before, “building your brand” without any substance behind it will be immediately exposed as fraudulent. But brands still matter.
For someone who prides himself on slaughtering the sacred cows of automotive journalism, such as the irrational infatuation with the CTS-V Wagon, it was about time that I got a taste of my own medicine. The Ford Mustang V6 ended up being the bitter pill that finally bitch slapped by bloated, post-adolescent head back down to normal proportions. But just as I had swallowed the last bit of humble pie, there came another vehicle that led me to question the received wisdom propagated by enthusiast publications.
Following the product-centric interview Marchionne gave toAutomobile (which is still not available online), Sergio Marchionne revealed even more Chrysler/Fiat product plans at a media event last week.
Japanese carmakers published worldwide sales and production numbers for April and the first four months of the year today. As expected, they look pretty wild, with triple digit percentage gains. Hidden in the numbers: Toyota stands good chances to regain the title World’s Largest Carmaker, which it lost last year. Read More >
Nissan now has a zero emissions van that you’ll be able to buy in a couple years -if that’s what you’re into. We won’t judge. Either way, the company seems to be creating a brand identity for its electric vehicles.
Reports of a next-generation Cadillac Escalade, due in 2014 after a brush with the Grim Reaper, have us asking the all-important question; what was GM thinking in trying to kill the car off in the first place?
An interview in July’s Automobile magazine has Sergio Marchionne putting to rest a number of future product plans for Chrysler, among them, the definitive fate of the minivan.
When new car sales will be announced on June 1, sales could be up by 30 percent, thinks Kelley Blue Book. When sales approach 1.4 million units, or 14.2 million seasonally adjusted annual sales rate (SAAR) in May, Kelley expects GM and Ford to underperform the market, while Toyota could nearly double its sales and surpass Ford in market share. Read More >
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