Tag Archives: COVID-19

Covid Casualties – GM US Q3 Sales Drop Year over Year

GM tried to spin the weak Q3 as the Seasonally Adjusted Selling Rate – aka SAAR – was ~15.9 million vehicles for the quarter, up about 4 million units from the previous disastrous pandemic quarter. Mention was made of the pent-up demand effect that started at the end of Q1 continuing through Q2 as the economy was mimicking the Great Depression because of the Covid shutdown. Continue reading

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Global Auto Business Threatened by Covid Second Wave

While the past isn’t a 100% sure predictor of the future, “A second wave and stricter social controls pose a large risk to our central forecast” LMC notes in its latest analysis. LMC projects that 2020 global assembly plant use is expected to fall to the lowest level ever recorded – just 51%. The pandemic-caused shutdowns during March and April had a profound impact on both the volume and use of plants globally. Continue reading

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Making America Late Again – NAIAS to September 2021

NAIAS will remain a fall show going forward after the inaugural event in September 2021. Show dates have been secured with TCF Center for the next three years. NAIAS organizers choose dates towards the end of the month because of the new IAA in Munich, which is scheduled for the first full week in September. NAIAS has had a troubled relationship with German automakers. The NAIAS move in our view is defensive with a yet unknown outcome. Continue reading

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2020 Muscle Car and Corvette Nationals Cancelled

“We know that we have all been hoping for the best, but with the uncertainty and the current State of Illinois limitations regarding spectators at indoor events, it is not feasible to continue with the show this year,” said MCACN Managing Member, Bob Ashton. Continue reading

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This Grim Picture is Not Worth a 1000 Corona Deaths

The United States accounts for 22% of the Global Corona Virus Deaths with a mere 4% of the world’s population. Fear the Trump Administration if you care for your own o ranyone else’s health and safety. Continue reading

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Most Say COVID Restrictions Nixed Too Quickly

As a growing number of states struggle with a drastic rise in corona virus cases, 69% of Americans say their greater concern is that state governments have been lifting restrictions on public activity too quickly. Continue reading

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Federal Deficit for FY 2020 To Date – $2.8 Trillion or +$1.9 Trillion Year-over-Year

The cumulative federal budget deficit for the first 10 months of fiscal year 2020 reached $2.8 trillion, +$1.9 trillion more than the deficit recorded during the same period last year. Revenues were 1% lower and outlays were 51% higher through July 2020 than during the same 10-month period in fiscal year 2019. Continue reading

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GM Loses $800 Million in Covid Q2. NA Sales Drop -62%

However, GM post-bankruptcy is in a stronger position  – financially and with a wiser, faster acting management team – than it was when Wall Street speculation sent global markets plummeting in 2008-2009. The deep recession that ensued was turned around by the Obama Administration, but the non-protected classes in lower income and racially harassed populations never recovered. Continue reading

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Daimler Reports Ugly Q2 2020 Results as Sales Drop -34%

The Group’s total sales decreased by -34% to 541,800 passenger cars and commercial vehicles (Q2 2019: 821,700). Revenue slipped significantly by -29% to €30.2 billion (Q2 2019: €42.7 billion). EBIT was minus -€1,682 million (Q2 2019: minus -€1,558 million). Adjusted EBIT, reflecting the underlying business, was minus -€708 million (Q2 2019: plus €2,447 million). Continue reading

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Census Bureau: Millions of Americans Who Get Health Coverage from Employers Could Lose It During COVID-19

The occupations among those affected during the pandemic and therefore most at risk of losing health coverage: food preparation and serving; building and grounds cleaning and maintenance; personal care and service; and retail sales. Collectively, 39.6 million people worked in these jobs in 2018, representing 23.6% of all workers. Continue reading

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Porsche Global Sales Drop -12% at 116,964 Through June

China remains the sports car manufacturer’s largest single market in terms of volume. In addition, Korea and Japan were strong markets in the region with sales of 4,242 and 3,675 units respectively, each showing double-digit growth rates over the prior year. 32,312 cars were supplied to European customers. In the US, Porsche supplied 24,186 cars between January and June – a -20% drop – under the fumbling Trump administration’s failure to address the COVID crisis. Continue reading

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4 July 2020 – We Hold These Truths to be Self-Evident

Jefferson, rightly regarded as the clearest, most eloquent writer, created what remains one of our core documents. It simply states that all of us equals could work at Life, Liberty and the Pursuit of Happiness. This of course led from our Articles of Confederation, to our Declaration and thence to one of the finest organizing documents of the 18th or any other century – our Constitution Continue reading

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Ford, Wayne State University and ACCESS Coalition Expand Mobile COVID-19 Testing

Since launching in April, the mobile testing operation has added four Ford Transits – each fully equipped for mobile COVID-19 testing – as clinical test vehicles to conduct and support testing for symptomatic and asymptomatic individuals. Continue reading

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RumbleOn Posts Q1 Net Loss of -$22 Million

“Looking ahead, we are focused on the successful launch of the third generation of RumbleOn.com in Q3, which will improve powersport dealers’ ability to compete in a meaningful manner in online-only transactions… Continue reading

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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

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