China’s auto market keeps puttering along. In July, total automobile sales in China rose 8.2 percent to 1.38 million, says the China Association of Automobile Manufacturers (CAAM). For the year, the market has gone basically sideways with a slight 3.6 percent upward bias. The Chinese bubble refuses to burst, likewise, the market does not want to go back to its red-hot former glory. (Read More…)
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Hybrids and minivehicles are still on top of Japan’s list of best-selling cars in July, only more. The Prius is ichi ban with 33,398 units sold. Last time we looked in May, it was 20,789. It is followed by its compact sister, the Aqua (better known in the U.S. as Prius C) with 26,274.
Honda’s Fit is back in #3. (Read More…)
GM’s U.S. sales get the headlines, GM’s volume is a Chinese import: In the first seven months of the year, GM sold 1.6 million cars in China, versus 1.5 million back home. GM’s Chinese sales data deserve more than a cursory look. Let’s look. (Read More…)
German new car sales are no longer Teflon-coated. New car sales in Deutschland were down 5 percent in July, Germany’s Kraftfahrtbundesamt reports. (Read More…)
What’s up this month at GM? Inventories of full-size trucks. What’s not? Sales of full-size trucks.
And now, the hangover: July brings disappointing sales numbers for GM and Ford after June had surprised. GM is down 6 percent in July. Ford is down 4 percent. Even Chrysler Group reports down to earth results with July up only 13 percent after a truly ballistic series of months. In June, Edmunds Senior Analyst Jessica Caldwell politely voiced suspicions that the beautiful June numbers were the product of cosmetics: (Read More…)
While we are waiting for the U.S. July sales table to populate, let me entertain or bore you with all the numbers from Japan. This was made possible by the , the Japan Mini Vehicles Association finally publishing its outstanding table. Domo arigatou. (Read More…)
Yes, we at TTAC may be heralding the imminent departure of Suzuki in the United States, but figures compiled by industry stalwart Just-Auto show that Suzuki isn’t doing too badly in their home market of Japan – in fact, they may even eclipse Nissan.
And now, back to the usual blood and tears from Europe: July new cars sales dropped 7 percent in France and thudded 17 percent in Spain “as consumers cut back on costly goods in the face of economic uncertainty,” says Reuters. (Read More…)
Japanese new car sales jumped in July while the business is getting ready to enter negative territory during the rest of the year. (Read More…)
I saw the future as clearly as day.
The Honda CR-Z. A beautiful machine that would finally marry that elusive dream couple, sport and fuel economy, for less than $20,000.
It had to be a hit. Just had to…
Countering talk of an impending end to the new car party, augurs predict that July will be seasonally hot. TrueCar says that this July could be the best since the heydays of 2007. TrueCar, which bases its projections on real time transactions from its associated dealers, thinks that July sales could reach 1.17 million, up 10.6 percent from July 2011. Edmunds also sees 1.17 million new cars in its crystal ball. Kelley Blue Book basically agrees with 1.16 million on its tip sheet. (Read More…)
Chevrolet is slowly launching the Spark subcompact in select markets across the United States, with more MTV/Viacom-derived “millenial focused” ad campaigns. But Chevrolet is being cagey, if not evasive, regarding projected sales.
Today’s Chart comes from finance blog Zero Hedge, which has taken a periodic interest in General Motors channel stuffing endeavors. While we don’t normally report on stock prices here at TTAC, this one is worth mentioning.
The big winner for Renault in the first half of 2012 was their low-cost Dacia brand, while the losers were…everyone else.
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