Guangzhou Autos is reporting that 2012 profits are down as much as 80 percent, thanks to the dispute with Japan over a few islands in some godforsaken corner of the world.
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Tag: Sales
North American insufferable Volkswagen d-bags fans who proudly reject Mexican made Jettas in favor of German-assembled Golfs will be crying in their beers over news that North American made versions of the MK7 Golf will be built south of the border.
Congratulations to the Big H; Honda managed to capture the top spot in Canadian passenger car sales for the 15th year running, while also earning the dubious honor-or, honour, as it would be spelled in Canada – of offering the slowest-selling vehicle in Canada.
Last week, a Massachusetts judge sided with Tesla regarding factory-owned stores, in a suit brought by Massachusetts State Automobile Dealers Association and an assortment of dealers. Barring an appeal, the ruling essentially clears the way for Tesla to operate their own outlets – some of which are in non-traditional venues like shopping malls – and offer an online reservation system for vehicles.
New car registrations dropped a painful 16.3 percent in Europe in an acceleration of a long, and initially slow a downward trend. The European carmaker association ACEA calls the decline ”the steepest recorded in a month of December since 2008.” For the year the EU market was down 8.2 percent to 12,053,904 units, which is the “lowest level recorded since 1995,” says the ACEA. (Read More…)
Continental Europe’s car sales may be in the toilet, but the UK’s new car market was up 5.3 percent in 2012, with the Ford Fiesta leading the sales charts.
The Japanese new car market ended the year 2012 up 27.5 percent to 5,369,721 units. You may read other numbers elsewhere, but that’s because it is often overlooked that regular vehicles and mini vehicles are reported separately in Japan. At TTAC, we consolidate them as a service to our readers. (Read More…)
If your life, career, wealth, or all of the above depend on forecasting the auto market with precision and reliability, then you can do no better than securing the services of Edmunds’ chief analyst Jessica Caldwell. Last year’s winner of the coveted “TTAC 11” (a.k.a. “The Top Analyst Crown 2011”) does it again: Jessica Caldwell wins the TTAC 12, closely followed by her perennial antagonists, Jesse Toprak of TrueCar and Peter Nesvold of Jefferies.
TTAC congratulates Jessica Caldwell and her team to her second coronation in a row. (Read More…)
Remember when Volkswagen’s goal of 800,000 units in America seemed utterly implausible? TTAC does. But Volkswagen, which was in the dumps not too long ago, is now more than half-way to their goal, selling 438,000 units in the United States, a 35 percent jump over last year. But that kind of growth isn’t likely to carry over for 2013.
“Detroit’s automakers showed December U.S. sales gains of 5 percent, slightly better than analysts’ expectations,” says Reuters, “but likely not enough to stave off market-share gains by Japanese rivals.”
And here December and full year 2012 sales results in an easy to read table, data courtesy of Automotive News [sub ].
The German car market ended the year with a bang – to the chin. Germany had shrugged-off the European contagion for most of the year, but in December, sales sagged by an unfestive 16.4 percent. (Read More…)
Auto sales are expected to have ended the year up by around 5 percent. This according to analysts at Scotiabank and elsewhere. China, where a quarter of the world’s automobiles are sold, is probably up 4 percent, Europe is expected to be down some 8 percent. Auto sales in the U.S. on the other hand are seen to have risen some 14 percent for the year. More precise data are expected within hours or days, so let’s have a look forward. (Read More…)
General Motors had idled its Fairfax, Kansas plant where the Chevrolet Malibu is built, as slow sales hamper the brand’s mid-size sedan.
Volkswagen’s highly unpopular Routan may be at the end of its life, as months of stalled production has left its future in doubt.
Car sales accelerate their decline in Europe. The market for new cars was down fourteen months in a row in November, dropping by 10.3 percent compared with November 2011, says the European manufacturers association ACEA. From January to November, 11.25 million new cars changed hands in the EU, 7.6 percent less than in the same period a year ago. Sales in Europe have not been that bad since 1993. (Read More…)
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