Porsche just announced something highly unusual: Record full-year revenues from selling Porsches. No more option plays with attached sheet metal bending operation. Revenues rose 17.9 percent to a record €7.79b ($10.5b), and Porsche said it expects to see the positive trend continue in the current business year, reports Reuters.
And where do all these sales come from? Definitely not from Porsche’s core markets, the U.S.A. and Germany. (Read More…)
Panther Appreciation Week rolls on with this look at the platforms sales since 1995 (sorry, our sales data doesn’t go back farther) compared to some key competition. As the last several years of the graph prove, large sedans were hit fairly hard by the “Carpocalypse,” but Panthers were in a terminal sales decline anyway. In the mid 90s, Ford was selling nearly 100k each of its Ford, Lincoln and Mercury-branded Panthers, but steady updates from large, cushy FWD competition like the Avalon slowly eroded sales.
Meanwhile, the 300/Charger combo from Chrysler looks to be the Panther of the 21st Century. Beloved by fleets and Donkophiles alike, the LX sedans beat the mass-market-branded large, RWD competition… such as it is. Heck, it even beat FWD rivals like the Avalon, the Genesis (21,889), the Lexus ES (48,485) and the Taurus (45,617) in 2009. And with the updated 2011 Charger in strong competition for police fleet business, Chrysler could just be building big, old-school, rear-drive sedans in the American style for some time to come. The Panther is dead… long live the LX?
As Sajeev points out, America’s police forces could well be the savior of large, rear-drive sedans in the American market. Which is hugely convenient for Chrysler, which recently spent big bucks updating its 300/Charger LX platform. Much to the chagrin of Fiat CEO Sergio Marchionne, in fact. A devotee of per-platform volume-based “industrial logic,” Marchionne has publicly stated that he would never have spent the money to update a platform with so few “applications,” had he been in charge during the Cerberus era. But winning police fleet business could change all that, and Chrysler is clearly going all out for it.
The 2011 Dodge Charger has not been shown anywhere in civilian guise, but several outlets including the Detroit Free Press have snapped shots of the new sedan testing for police buyers. Given Chrysler’s well–documented struggles with fleet sales addiction, giving police fleet buyers the first look at an “all new” car is an interesting move. Discuss the looks all you want, what I want to know is will consumers go crazy for a cop car? GM obviously doesn’t think so…
If you think that China’s car market (they are expecting to sell between 16 and 17m units this year) is a bubble about to burst big-time, then GM will disagree strongly with you. “The market is still quite solid. As you know this year is going to be a strong year. We will see continued growth next year, but growing at a range between 10 to 15 percent,” said Kevin Wale of GM China to Reuters. (Read More…)
Now we know why ACEA took a vacation last month: To spare Europe the drama involved in an 18.6 percent drop in the month of July. Compared to that, the 12.9 percent drop in August looks like an improvement. Back from vacation, Europe’s (Automobile Manufacturers’ Association ACEA reported numbers for both months today, and at first glance, they look horrible. (Read More…)
Scion brand manager Jack Hollis tells the WSJ [sub] that
The sales are nowhere where they should be and they will never be this low again
And with only 29,672 units sold through 2010, he ain’t kidding either (well, except for maybe the last part). Meanwhile, with the Yen headed up, profits on Scion’s small, Japanese-built offerings aren’t in great shape either. In short, it is with good reason that Scion is the subject of the most-recent TTAC Deathwatch. Meanwhile, Scion’s bid for renewed relevance hangs on the success of two cars: the neo-Corolla Coupe tC, and the A-Segment Scion iQ three-seater. TTAC will have an early review of the tC before the end of the week, but before we get into the specifics of that vehicle, let’s ponder the wider question of Scion’s viability. Will these two cars bring back Scion’s sales to their previous levels? Let’s take a look at Scion’s historical sales for answers…
Over the long haul of the Pony Car Wars, Ford’s Mustang has set the standard to which all others aspire. Having handily outsold the old F-Body Camaros (to say nothing of the nearest import-equivalent, the Nissan Z), Ford reigned alone over the declining muscle-coupe segment for much of the last decade. But the Pony Car cannot thrive alone, and the Mustang couldn’t keep its sales from sliding ever further… it needed some competition. Now, rather than fighting for pieces of a shrinking segment, the Camaro, Challenger and Mustang have been able to grow their sales together, revitalized by the renewed Pony Car Wars. Though our simple volume projection shows the Camaro on track to take the Pony Car crown from the Mustang, the short-term trends indicate a close battle to the finish this year. Hit the jump for summer sales comparisons…
Contrary to English, “azul” or blue has positive connotations in Portuguese (yes Brazilians speak Portuguese not Spanish – close, but no potatoes). “Tudo azul” means everything is fine, the road is clear. Maybe a close equivalent would be that line in that old song, nothing but blue sky. According to the giant Brazilian web providers UOL’s site, August has again recorded record car sales in Brazil. The market was up 3.99 percent on the month (good for a total of more than 296 thousand), but better yet, it was up 19.82 percent on August of 2009. Year-to-date, the market is up an even more impressive 27.68 percent!
As you’ve been reading my columns, you all know we’ve been watching closely the Gol versus Uno fight for first place. Can you guess who came out on top? (Read More…)
India’s population is right up there with neighboring China. Only a few hundred million less, nobody really knows. In car sales, India dwarfs against China. In 2009, Indians bought 1.43m units, compared to 13.6m units bought by the Chinese. Nevertheless, the market is growing, the potential is huge, and sales are at a record high. Monthly car sales in India surged to an all-time high in August, climbing 33 percent to 160,794 cars. That according to data issued by the Society of Indian Automobile Manufacturers (SIAM), and reported in The Nikkei [sub]. August sales outpaced July’s record of 158,674 cars. (Read More…)
Close your eyes and think of China. I bet many of you still see seas of people with straw hats riding bicycles. J.P. Morgan and J.D. Power see a sea of luxury cars. Millions of them. (Read More…)
Throwing caution of top government officials in the wind, the China Association of Automobile Manufacturers (CAAM) expects car production in China to reach 30 million by 2015, with 5 million units earmarked for exports, China’s Global Times reports.
The CAAM calls the estimate “conservative.” China’s 21st Century Business Herald cited sources that are betting on 34 million annually in five years. The surprising part is not the total. 25m sold domestically by 2015 is lowballed. At the rate the world’s second largest economy is growing, anywhere between 30 to 40m units annually is doable.
What is surprising is the export number they have in mind. (Read More…)
GOTD’s brief mental health break is over, with our breakdown of sales in the biggest car segment in America: Midsize family sedans. The big news is that no model (save the Chevy Malibu and Hyundai Sonata) outdid its August ’09 number, thanks to the Cash For Clunkers effect a year ago. The other big lesson: things are getting tight at the top of the D Segment food chain. Based on these numbers, the capacity-constrained Sonata seems to be separating from the pack, leaving a big clump of nameplates stuck near the 18k mark. Based on the last several months, Hyundai could be one Sonata volume bump away from having the best-selling midsize sedan in America… just when it was beginning to seem like the Camccords would never be challenged. More chart action after the jump.
I think there’s a decent business case if you take the long view
a showroom of 2,500 to 3,000 square feet would be sufficient to start… To get there, some dealers are going to have to take it slower. They’ll have to offer a separate showroom but go beyond that as more product becomes available.
healthy gross profits of up to $1,500 on each Fiat 500
After 13 months of rising car sales, Japan is looking into a deep, dark abyss. A government subsidy program will end any minute. Officially, the program runs through the end of September, but the funds have dried up. As of Monday, around 10.2 billion yen ($122m) were in the kitty. That’s about a day’s worth of subsidies. (Read More…)
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