For most of the year, the German new car market could defy Europe’s eye-popping g-forces. No more. Germany is now officially going down with the rest of them. With 250,082 units sold in September, German new car sales dropped 10.9 percent as compared to September last year. (Read More…)
Bad European car sales are about to get worse. French September car registrations dropped 18 percent year-on-year, while Spain’s plunged 37 percent, Reuters reports. (Read More…)
September was the month when the torrid growth of Japanese car sales came to an end. Sales of all cars were down 3.4 percent in Japan. The market is down for two reasons, mathematical and governmental. (Read More…)
| Sales Forecast, August 2012 | |||||
| Sales Volume | Sept’12 | Sept’11 | Aug’12 | YoY | MoM |
| GM | 211,064 | 207,145 | 240,520 | 1.90% | -12.20% |
| Ford | 176,049 | 174,862 | 196,749 | 0.70% | -10.50% |
| Toyota | 160,560 | 121,451 | 188,520 | 32.20% | -14.80% |
| Chrysler | 138,030 | 127,334 | 148,472 | 8.40% | -7.00% |
| Honda | 114,606 | 89,532 | 131,321 | 28.00% | -12.70% |
| Nissan | 88,977 | 92,964 | 98,515 | -4.30% | -9.70% |
| Industry | 1,145,344 | 1,053,153 | 1,284,635 | 8.80% | -10.80% |
A day after TrueCar and Kelley handed in their sales forecasts for September, Edmunds followed. Edmunds is more on the cautious side and projects that 1,145,344 new cars and trucks will be sold in the U.S. this month for an estimated Seasonally Adjusted Annual Rate (SAAR) of 14.4 million light vehicles, and up 8.8 percent from a year before. (Read More…)
| Sales Projection For September 2012 | ||||
| TrueCar | Kelley | |||
| Manufacturer | Sept’12 | YoY | Sept’12 | YoY |
| Chrysler | 137,612 | 8.1% | 134,520 | 5.6% |
| Ford | 177,066 | 1.3% | 177,840 | 1.6% |
| GM | 212,284 | 2.5% | 215,460 | 4.0% |
| Honda | 113,439 | 26.7% | 109,440 | 22.2% |
| Hyundai/Kia | 102,283 | 16.7% | 93,480 | 6.6% |
| Nissan | 92,349 | -0.7% | 92,340 | -0.7% |
| Toyota | 161,201 | 32.7% | 163,020 | 34.2% |
| Volkswagen | 48,304 | 31.4% | 47,880 | 29.7% |
| Industry | 1,163,000 | 10.5% | 1,140,000 | 8.2% |
The month is coming to an end. A sure indicator: The forecasters are submitting their guesses. Again, September seems to be up solidly. More. Or less. (Read More…)
Chrysler dealers hoping to sell the SRT Viper will have to pony up $25,000 – about the price of a loaded Dodge Dart – to be able to sell the supercar.
This episode of Generation Why is brought to you by some numbers, not essays on product or marketing efforts. The chart above shows the mean earnings of college graduates with a Bachelor’s degree and full-time employment ages 25-34.
As the threat of a strike at Chrysler’s Windsor plant looms, it’s worth examining just how much of an iron grip the Pentastar minivans have on the market.
With Accord sales tanking in Europe, Honda says it has no plans to bring a next-generation model to Europe, despite introducing variants for North America, Asia and Russia.
The Dacia Sandero, so beloved by James May and other fans of cars with roll-up windows, is getting a face lift ahead of its UK debut, as Renault’s low-cost brand sets its sight on even greater dominance of the European car market.
The European car market accelerates its race to the bottom. Back from a long vacation, the European car manufacturers association ACEA reports that the EU car market was down 8.9 percent in August, after having dropped 7.8 percent in July. Eight months into the year, European car sales are down 7.1 percent as Europeans registered 8,268,642 new cars so far. (Read More…)
There’s been a lot of discussion following our “The Volt Loses GM $49K/Car” article. Lost in all that hubbub was a little factoid at the tail end of the Reuters piece offered by GM VP Dave Parks, who now heads global product programs and formerly headed the development of the Volt. That factoid is at least a glimmer of hope for the Volt’s ultimate success. Parks said that the most common non-GM car traded in on the Volt has been the Toyota Prius. (Read More…)
“China’s auto sales growth falls to 3.7 percent” if you read the Associated Press and Bloomberg. If you rather put your trust in Reuters, then “vehicle sales in China rose 8.3 percent in August from a year earlier.” Reuters is correct, AP and Bloomberg just received a new degree in spin doctoring.
(Read More…)
Germany hasn’t seen the double digit sales losses of other EU countries, but it isn’t walking on water either. August sales in Germany were down 4.7 percent on 226,455 units, says the KBA. For the first eight months of the year, sales in Germany now are 0.6 percent below the same period of the prior year. (Read More…)
Recent Comments