Most of the smaller makers reported October sales yesterday as the nation went to go vote. The big ones decided to wait until today: The Detroit 3, Toyota, Honda, and Nissan. Read More >
Category: Sales
After the Abwrackprämien-high in 2009 (which saved the auto industry from damnation and got rid of a lot of old cars), and the short hangover that followed, Germany is definitely back to normal. For the second month in a row, German new car sales are at 2008 levels. According to the official data of the German Kraftfahrtbundesamt, October sales were 20 percent below October 2009, but only 0.8 percent below October 2008. The graph above tells a better story. Read More >
The Vancouver Sun reports that pretty much, across the board and across the border, Canadian sales rose. GM’s sale rose 11 percent year on year, Ford’s sales rose 8 percent and is now within a whisker of taking the number one slot from General Motors. Honda’s sales grew 14 percent. As did Nissan’s at 4.5 percent. And Hyundai-Kia who reports rises of 8.6 percent and 17 percent, respectively. Even the smaller players had reasons to celebrate. VW went up 21.5 percent. Mitsubishi has a stonkingly good month with sales rising, YOY, by 27.2 percent. Even Volvo’s sales grew 13.9 percent. Yep. Life is good, north of the border. Except for one. Read More >
As U.S. car sales are forecast to be growing once again, spare a thought for those less fortunate than you. Namely, those poor people in Europe. While you’re the U.S. market is expanding, sales in the Old Country are a big NSFW mess. Read More >
Numbers are not in yet, and many makers won’t report until tomorrow, but it already looks like October was the best in 14 months, if Bloomberg has it right. What’s more, buyers are willing to cough up more for 2011 model-year vehicles. Read More >
Germany’s new car market continues to be anemic. In September, sales for the first nine months were down 27.5 percent. Official October data are expected later in the day, or tomorrow. Nobody expects sudden growth. (The whisper number is -20 percent.) Nevertheless, the German car industry runs extra shifts and out of cars.
Why? Read More >
As Herr Schmitt reported yesterday, it looked like it was going to be a bumper month for the Indian car market. In his article he mentioned that market leader, Maruti Suzuki posted a 39 percent gain, which is impressive considering production constraints is preventing them from selling any more. But let’s have a look at the other players in the Indian motor market. Read More >
Tomorrow, you have two choices:
1.) Go vote.
2.) Watch the real time reporting of October new car sales on TTAC.
What should you do? Read More >
Dodge’s re-boot of its product lineup is largely complete, and with new and refreshed vehicles heading to dealerships soon, it’s released pricing on its new lineup. Dodge’s new pricing list can be found here, or hit the jump for highlights.
Given that European luxury brands have generally had their way with Detroit-based competitors in the US market, it should come as no surprise that Cadillac has failed to make any appreciable headway in the European market. The brand has been launched and re-launched in Europe four times in the last twelve years, according to Autocar, and its latest relaunch was supposed to boost sales to 20,000 per year by 2010. Despite that ambitious goal, Cadillac has fallen flat with European buyers, having moved about 1,300 units this year. As a result, the latest re-launch of Cadillac has been accompanied by dramatically scaled-back expectations: 2,500 units per year within the next “several” years (Cadillac expects the new ATS to make up about 1,500 units of this volume). Only limited numbers of CTS sedans and wagons will be converted to right-hand drive for the UK, and diesel engines for the CTS range are on hold. But even with a more modest approach to Europe, Cadillac is widely expected to keep struggling in Europe. After all, Lexus spent some $2.8b attacking the European luxury market, but sales which peaked at 60k in 2007 have retreated to a mere 30k units. As Cadillac gets stuck into its fourth re-launch, analyst Ferdinand Dudenhoeffer is not optimistic
The brand Cadillac has no fascination for Europeans and no customer base. Why should I go from Audi, BMW, Volvo or Mercedes to Cadillac? Lexus has shown us how much investment is needed to do that… My forecast is, they (Cadillac) will not be in the market in Europe by 2020. Some people might buy one in the U.S. and export it to Europe. That’s it
As expected and predicted, October new car sales in Japan were a disaster. Japan’s domestic sales of new cars, trucks and buses declined 26.7 percent from a year earlier, down for the second straight month. Japan is going through a big withdrawal after the Japanese government withdrew incentives. Read More >
Since we’ve already irritated Saabistas by posting a comparison of the Nissan Juke to the 96, we might as well just come out and say it: Saab is one sick puppy. Third quarter results are out for the Dutch-Swedish automaker, and they’re not good: the firm has lost $70m on an operating basis last quarter, and has burnt through $160m in the the first nine months of 2010 [full results in PDF here]. Wholesale and retail sales in the first three quarters were down by 10 percent and 45 percent respectively compared to the first nine months of 2009, and Saab has cut its 2010 sales projections from 45,000 units to 30,000 units, or half of the 60k projection Saab started 2010 with. Improbably, the company still believes it will sell 80,000 Saabs next year, and 120,000 in 2012. And though Saab-Spyker has a negative equity of about $234m, the company says it does not need to recapitalize. In other words, comparisons to the Nissan Juke are the very least of Saab’s worries.
GE plans on having half of its 45,000 employees driving electric vehicles as part of a $10b investment in clean technology over the next five years, and it’s kicking off the effort with an order of “tens of thousands” of EVs according to Bloomberg. Making the announcement at an event sponsored by the University of Cambridge’s Programme for Sustainability Leadership, GE CEO Jeffery Immelt told attendees
Now is exactly the time, because it’s less popular, where we have to invest more. We have to do it more courageously. And we’re going to have to go forward for a while without government at our backs
Experts call the buy the largest EV purchase in history, and say they expect the order to be filled by several companies. But, as a partner of Nissan-Renault ally Project Better Place, we expect the majority of GE’s order to be filled with the first mass-market pure EV, the Nissan Leaf. Much ink has been spilled over the long-term viability of electric vehicles on the consumer market, but little attention has been paid to corporations as a driver of EV sales. It’s possible that GE could be the first of a PR-driven corporate push to bring EVs into wider acceptance.
We’ve hosted our fair share of diesel skepticism over the years here at TTAC, but the latest data on diesel take rates indicate that oil-burners are more popular than you might think. Dieseldriver.com broke down sales of every passenger vehicle with a diesel option, and found an overall take rate of 32 percent over the first three quarters of 2010, and trending upwards. In the third quarter, over half of the two Audis with diesel drivetrains optional were ordered as oil burners, and the vast majority of Jetta Sportwagons sold are diesel-powered. And no wonder. Modern diesel engines can be glorious things, offering gobs of torque, shocking levels of refinement and great fuel economy. Diesel prices may have climbed somewhat in the last year or so (it’s no longer cheaper than gas), but they’re close enough to make diesel a real option. Well, at least for buyers of German cars.
As the über-ridiculous Aston Martin One-77 approaches final production-readiness, watching the thing run hot laps is finally becoming as much fun as wrapping your head around its €1.4m ($1.9m) pricetag. Especially because we’re extremely unlikely to ever see one of these things on the street. According to Auto Motor und Sport, Aston has already received a $14m offer for ten of the One-77’s 77-unit production run, apparently from a single Gulf State collector. So unless you live in one of the tonier neighborhoods of Dubai, you’re unlikely to get any closer to the One-77’s 760 horsepower V-12 than this. Enjoy the taste, peasants.











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