Category Archives: sales

GM Reports Q2 US Sales at -34% Year-over-Year

“While the industry experienced significant declines due to the outbreak of COVID-19, full-size pickup truck sales performed exceptionally well, and overall sales showed signs of recovery, especially deliveries to retail customers,” GM claimed. Continue reading

Posted in economy, sales | Tagged , , , | Leave a comment

Global Vehicle Sales Improve but COVID Wave 2 Lurks

This now looks like a long shot to AutoInformed with the US leading the way in spreading new infections and fatalities from the maskless and clueless Trump misadministration.  In the US, a repetition of the ‘cash for clunkers’ scheme could potentially lift sales, “but this has yet to be fully debated or agreed,” says LMC. Continue reading

Posted in economy, environment, news analysis, sales | Tagged , , , , | 1 Comment

US June Retail Sales Down -6% from Pre-Virus Forecast

The sales came at a high price, though, Record levels of manufacturer incentives for the month of June are supporting the recovery. Incentive spending should reach $4,411 in June, the highest ever for the month and an increase of $445 from June 2019. Incentives on cars are expected to be up $459 to $4,031, with trucks/SUVs up $407 to $4,524. Continue reading

Posted in marketing, results, sales | Tagged , , , , , | Leave a comment

March EU Commercial Vehicle Registrations -47.3%

Every vehicle segment was deeply affected by the fallout of the COVID-19 outbreak. All 27 EU markets recorded substantial declines last month. The strongest drops were posted by Italy (-66.1%), Spain (-64.4%) and France (-63.1%). Continue reading

Posted in economy, sales | Tagged , , , , , | 1 Comment

Ford Mustang Touts World’s Best-Selling Sports Car Tag

Mustang sold 102,090 units, according to the most recent new vehicle registration data from IHS Markit, making it the best-selling sports car in the world in 2019. During this period, Mustang sales in Germany increased 33%, in Poland sales rose by nearly 50%, and in France, they nearly doubled from laughably small bases. Continue reading

Posted in marketing, milestones, sales | Tagged , , , , , | Leave a comment

COVID Innovations – Barrett-Jackson Online Only Auction

Online Only will include a collector car auction with a 1969 Ford Mustang Boss 429 (preview) in Candy Apple Red that was one of the first 150 examples built, as well as a custom 1963 Chevrolet Corvette Split-Window Coupe (preview) built by Jeff Hayes Customs and powered by a GM LS3 540hp with a Hot Cam engine. Continue reading

Posted in marketing, milestones, sales | Tagged , , , , , | Leave a comment

2020 Commercial Vehicle Production Forecast down -22%

Global commercial vehicle production (GVW 4-8) volumes in 2020 compared to 2019 are forecast to be down -22% or more than 650,000 units to 2.6 million units because of the COVID-19 pandemic, according to the most recent analysis from IHS Markit (NYSE: INFO). Continue reading

Posted in economy, manufacturing, sales | Tagged , , , , , | Leave a comment

Challenging Start in Q1 as Porsche Delivers ~53,000 Vehicles

During the first three months of 2020, Porsche sold 53,125 vehicles to customers worldwide. Compared to the year before, deliveries were down by 5% due to the effects of the coronavirus pandemic. Continue reading

Posted in results, sales | Tagged , , , , , | Leave a comment

EU Passenger Car Sales: -25.6% Q1 2020; -55.1% in March

With containment / lock-down measures taking hold in most markets from around the middle of the month, the vast majority of European dealerships were closed during the second half of March. Consequently, demand across the region fell by more than half last month, dropping from 1,264,569 units registered in March 2019 to 567,308 units. Continue reading

Posted in results, sales | Tagged , , , , | Leave a comment

Corona Crisis – March UK New Car Registrations Fall -44.4% 

The performance represented a steeper fall than during the 2009 financial crisis and the worst March since the late nineties when the market changed to the bi-annual plate change system. With lock-downs taking place in many European countries earlier than the UK, even more dramatic falls have been reported elsewhere, with Italy down -85%, France -72% and Spain down -69% in March. Continue reading

Posted in economy, manufacturing, news analysis, sales | Tagged , , , , | Leave a comment

Volkswagen of America’s Q1 Sales Drop -13%. March Off -42%

In fact, SUV share of sales -Atlas and Tiguan – in Q1 2020 were 50% of the 75,075 deliveries reported. Continue reading

Posted in economy, environment, sales | Tagged , , , , | Leave a comment

FCA US Reports Q1 Sales Drop -10%

FCA US reported a 10% decline in its first-quarter sales as the positive momentum in January and February was more than offset by the country’s unpreparedness for the ongoing  coronavirus that is still running rampant. For the quarter, U.S. sales were 446,768 vehicles compared with 498,425 for the same period a year earlier. Retail sales were 306,898 vehicles for the quarter. Fleet accounted for 31% of total sales. Continue reading

Posted in economy, environment, sales | Tagged , , , , , | Leave a comment

GM First-Quarter U.S. Sales Drop -7% to 618,335

President Trump admitted yesterday that the US is looking at a painful two weeks of deaths from the COVID-19 virus. Public health experts have been less optimistic. The GM announcement comes as all of the Detroit Three have postponed resumption of vehicle production due in part to the UAW demanding safe work spaces. Unbelievable that there are still states without shelter-in-place orders. Continue reading

Posted in economy, environment, manufacturing, safety, sales | Tagged , , , , | Leave a comment

LMC Automotive Now Projects Double the Decline of the Great Recession in Light Vehicle Sales During 2020

LMC currently is forecasting 2020 global Light Vehicle sales to fall below 77 million units, a decline of nearly 14 million units or -15% from the 2019 level. For comparison, global Light Vehicle sales fell 6 million units from 2007-2009 to 64 million units, a two-year decline of 8.7%, or 4.5% CAGR. Continue reading

Posted in economy, environment, financial results, manufacturing, news analysis, sales | Tagged , , , , , | Leave a comment

Volkswagen Group Closes 2019 Books

The spread of coronavirus is currently impacting the global economy. It is uncertain how severely or for how long this will also affect the Volkswagen Group. Currently, it is almost impossible to make a reliable forecast. Continue reading

Posted in financial results, sales | Tagged , , , , , , , | Leave a comment