April is Detroit month. Strong sales of pickups and crossovers bring double digit gains to Detroit while other brands lag. Final table, courtesy of Automotive New [sub]. (Read More…)
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April sales in Japan were up 1.5 percent in April, with sales of kei cars lagging behind resurging regular cars while imports surprise. (Read More…)
Detroit delivers on the double digit growth rates predicted by auto analysts for April.
- GM sales rose 11 percent in April
- Ford Motor is up 18 percent
- Chrysler Group sales rose 11 percent (Read More…)
Jac Nasser, the former head of Ford, is warning that Australia’s car industry has passed the point of no return, and expects to see it die within the next few years.
When automakers report U.S. April sales tomorrow, they will be up strongly for the sixth month in a row. The U.S. auto industry’s annual selling rate will be 15.25 million vehicles in April, according to economists polled by Thomson Reuters. Here is why: (Read More…)
The largest asset-backed securities deal since prior to the mortgage crisis, worth $1.6 billion, was announced last week. Meanwhile, one ratings agency is touting their low delinquencies as positive signs in the ABS market.
America’s top selling Suzuki dealer is switching it up with a much more popular brand. Wichita Suzuki has begun selling Subaru cars as it prepares for the end of the Suzuki era in America.
Ratings agencies and other players in the finance world are beginning to sound the alarm on auto backed securities. Among the most troubling factors for some investors is the growth of smaller issuers who rely on pools of deep subprime loans. And ratings agencies who are being more conservative with their ratings are missing out on the action.
Mazda, the favorite car brand of enthusiasts that few seem to actually buy, looks set to become profitable for the first time in five years.
Sub-prime finance has attracted a bit of interest (no pun intended) over at TTAC lately, and the segment itself has experienced phenomenal growth in the post-bailout era.
Auto lending site www.carfinance.com released a list of the top 10 most popular new and used vehicles as purchased by sub-prime buyers over the last six months. While it’s not the most complete list by any means, it does give us a glimpse into the choices of sub-prime buyers. As far as we know, no such list has ever been compiled prior to this.
The 2014 Cherokee could be the first Jeep produced in China in nearly 6 years. Jeep CEO Mike Manley said that the Cherokee was an “obvious choice” for local production, as Jeep looks to expand its customer base in China.
I admit that upon first viewing the Buick Encore, I was repulsed by its goofy proportions and the poor fit and finish on the interior of multiple examples (yes, they were production examples, not hastily slapped together pre-production cars). But the market is what makes the winners and losers in the end, and the baby Buick is putting up some solid numbers.
If anyone is hoping for a bottom in the European car market, then it’s nowhere to be seen. In the contrary, the decline appears to be accelerating. European passenger car registrations were down 10.2 percent in March, data published by the European manufacturers association ACEA show. That would be a decline for the 18th consecutive month. (Read More…)
The upcoming Shanghai auto show is expected to be similar to the Geneva Auto Salon in that crossovers, particularly those from premium brands, will be some of the most anticipated reveals at the show. Buyers in global markets can get enough of them, and that situation is no different at home, where the small premium SUV segment is growing much faster than the equivalent sedan segment.
Auto sales in China rose 10.88 percent in March to 2,035,100 units, data of the China Association of Automobile Manufacturers show. Analysts expected a more robust rise after sales grew 15 percent in the January-February period. (Read More…)
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