If there’s a maxim the auto industry can take to the bank, it’s this: focus wins. Knowing a brand’s advantages and maintaining a laser-like focus on them is the way to win in the car game, and it’s a lesson Hyundai has clearly learned. Over the last several years, Hyundai has caught the media’s attention by moving into the luxury and coupe segments with its Genesis, but the real offensive is still coming. The redesigned Sonata was the tip of the spear, giving Hyundai a top-notch competitor in the all-important D-Segment, and next up are similarly improved versions of the Elantra and Accent. These three models have been some of Hyundai’s most enduringly successful nameplates, and as this graph proves, they’ve been responsible for much of the brand’s recent sales growth. They’ve even maintained decent momentum towards the end of their model lifes. With the new Tucson replacing the Santa Fe as Hyundai’s top-selling crossover, Hyundai has been able to maintain a competitive crossover nameplate for several years now, but even the hot CUV segment likely won’t provide as much juice to Hyundai sales as the redesigned Elantra and Accent. Meanwhile, Hyundai’s entries into the luxury and sporty space seem to have amounted to little more than a distraction… the lurking danger for every automaker.
Nick Taylor’s layman’s observations of American cars in China are a great first impression view. But first impressions can be deceiving. It is true that the Chinese auto market is very much similar to the U.S. market. They love 3 box “real cars” (trend recently shifting a bit), they love SUVs, they love big cars if they can afford them. “American” cars, mostly Buicks, Chevys and a smattering of Fords on Chinese roads are mostly made in China. Just like the “German” or “Japanese” cars that are made mostly in China.
China as an export market for U.S. cars is a whole other matter. China has a 25 percent tariff on imported cars. That pretty much limits car imports to segments where price doesn’t matter, or where a high price acts as a differentiator from the riff-raff: Luxury cars. And this is where Europe reigns supreme. (Read More…)
Say what you want against Volkswagen, but they are moving the metal. In the first 10 months of 2010, Volkswagen delivered just shy of 6m cars to customers. 5.98m to be exact. In the same period of 2009, they had sold 5.32m, so that’s a plus of 12.4 percent. According to a message from Volkswagen HQ, the world market only rose 4.5 percent in October, the Volkswagen Group increased sales by 9.8 percent in the same month. That’s market share, baby! (Read More…)
By gobbling up EVs, GE certainly helps to jump-start the industry, but they also gobble up future tax credits that consumers would have gotten, unless GE opts to forego the EV tax credit. Which would be bad business.
Yup, GE’s huge EV buy will be good for GE… but it won’t be so great for the 25,000 Americans whose tax credit will slurped up in the process. After all, the credit expires after a manufacturer sells 200k qualifying vehicles, so every credit GE uses brings GM and Nissan that much closer to the day they have to ask consumers to pay full price for their pricey EVs. No wonder GM is already pushing for an extension of the credit past 200k units.
This will disappoint those who were hoping for a cooling-off of the Chinese auto market. Chinese automakers in China shipped 1.2m passenger cars to dealers in October, up 27.1 percent from a year earlier, the official China Association of Automobile Manufacturers (CAAM) told Reuters today. Overall vehicle sales, which also include buses and trucks, were 1.54 million units, up 25.5 percent from a year ago. (Read More…)
The worldwide auto industry is officially on the mend. Carmageddon is behind us. The future is bright and shiny. How do I know this? If Rolls Royce can have higher annual sales than in any of the 30 years before, life must be good again. And there still are 2 months to go, with some possible Rollers under some possible Christmas trees. (Read More…)
Yes, our recent acquisition of complete 2009 fleet sales data came a little late in the game, but we’re still finding all kinds of fun facts buried in it. For fans of limited government, perhaps the most interesting revelation is that the government fleet sales data shows that American governments (it’s unclear whether these are state, local or federal agencies) bought some sweet cars last year. Some sweet, expensive cars. Let’s take a look at some of the most surprising government fleet purchases of 2009, accompanied by our guesses for how each purchase was used.
Fleet sales data can be some of the toughest numbers to find, but thanks to a post from commenter GarbageMotorsCo, we’ve got some pretty comprehensive numbers for last year’s fleet performance [courtesy: automotive-fleet.com, PDF list here]. Overall fleet levels have been higher this year, but by identifying the most popular vehicles with fleet buyers (in terms of fleet sales as a percentage of overall sales), we’ll at least have some hints about this year’s performance. To help give a more accurate picture, we’ve left out obvious commercial vehicles (mainly large vans, and the queen of all fleet queens, the Ford Crown Vic (95% fleet)), as well as discontinued models like Chevy Uplander (57%) and Pontiac G6 (44.7%). We also left out hybrid or CNG versions of nameplates. Two vehicles with limited sales last year (GMC Terrain and Kia Forte) are on the list, even though they may not be on a similar list for 2010 (the Honda Insight is not on the list, despite selling all 193 of its 2009 sales to fleets). Hit the jump for our full list.
Chrysler lost $84m last quarter on an operating profit of $239m, showing slow but consistent progress from last quarter’s $172m loss [Press release here, slides here, both in PDF]. Chrysler has lost $453m since the beginning of this year. Overall deliveries and sales were down slightly compared to Q2 2010, but thanks to a strong launch for the profit-generating Grand Cherokee, revenues were up just over 5 percent to $11b. As the slide above proves, “Mix and Net Price” accounts for one of the biggest contributions to operating profit, and that’s largely thanks to the new Grand Cherokee which (at 12,721 units last month) is the second-best selling vehicle in Chrysler’s lineup after Ram pickups. That’s a good sign for the future of a company that needed a hero, but there are some troubling signs under the surface.
A few days ago, I wrote about car sales all over Europe falling faster than a…..erm……really fast thing. I also wrote how this didn’t bode well for the UK car market. Well, the figures are in and, unfortunately, I wasn’t wrong – this time. It’s pretty bad. New car registrations fell 22.2 percent in October. The Society of Motor Manufacturers and Traders (SMMT) also said that further declines are likely for the rest for the year. Oh goody(!) Looks like I’m going to have to find more words for “dropped”.
Shall we take a look at the carnage? It’s not for the faint of heart. (Read More…)
Australia is pretty much a stronghold for Toyota. Looking at the figures, it seems that Aussies like well-made, cheap reliable cars. And to be honest, who doesn’t like those kinds of cars? But what happens when someone else comes to your market, and does well what you do well? Well, you get worried. (Read More…)
When gas peaked in 2008, and carmageddon ensued thereafter, many predicted the end of the world, and if that won’t come to pass, the total extinction of the pickup and SUV genre. Along with that, the demise of the U.S. auto industry was prognosticated, because it supposedly was more dependent on trucks than Robert Downey Jr, on uppers and downers. Conventional wisdom had it that we’d be driving bicycles, midgetmobiles, solar powered EVs, or use public transportation. Pickups? Only at Match.com.
Well guess what, as with all the crises before, it didn’t happen. Actually, the dinosaurs reign supreme. (Read More…)
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