Tag Archives: lmc automotive

Global Light Vehicle Sales Fall Again in September

The selling rate drop in September seems partly the result of further changes to the WLTP** emissions testing in Europe, which may have pulled sales forward to August, at the expense of September. In China, LV sales dropped once again. Unfavorable calendar effects thwarted any chance of YoY growth in the US, even though the selling rate was good. Continue reading

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UAW Strike Cost at GM Builds Substantially with Duration

Previously, the 1998 UAW strike on GM lasted 54 days and cost the automaker $2 billion, which would equate to $3.1 billion in today’s dollars – or over a third of their 2018 net profit. A strike lasting this long has the potential to cost GM 500,000 units in lost production, which would quickly deplete their available inventory. In this situation, GM intenders would ultimately either delay purchases or move to competitor brands, which could result in 100,000 lost US sales in the remainder of this year. Continue reading

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The Asian Party is Over for Automakers

No doubt this hurts Asia-based automakers , but the  VW Group, Daimler Group, BMW Group and General Motors – are clearly endangered, because the region accounts for a significant share of their global volume. Continue reading

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Luxury Vehicles No Longer Have Panache?

“A closer look, however, reveals that Premium share actually suffered two consecutive years of decline recently,” Chan notes. The £1Billion questions are: will this drop continue and should Premium segment players be worried? Continue reading

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Cars for Cheese? EU Turning Point in Japanese Localization

In 2018, the three UK Japanese transplants of Nissan, Toyota and Honda collectively produced over 730,000 cars, which represent almost half of all Light Vehicles built in Britain. Continue reading

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2018 Auto Retail Sales Down. Transaction Prices Set Record

“Despite retail sales falling for the sixth consecutive month, the continued growth in transaction prices is allowing manufacturers to offset lower sales with higher revenue,” claims Thomas King, Senior Vice President of the Data and Analytics Division at J.D. Power. “Consumers are on pace to spend nearly $45 billion on autos in December, up 1% from last year and the highest level ever recorded.” Continue reading

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No Deal Brexit to Cost UK Auto Sector £9 Billion Per Year

It’s not only angry Trump voters who are self-destructive, the UK under the Brexit fiasco is about to lose £9 Billion a year due to a conservative Republican-like temper tantrum that will materially hurt middle class workers, as well as society as a whole. Continue reading

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Global Light Vehicle Sales Fall Again in November

The Chinese LV market continues to slow down, “a major source of concern given the importance of this market to global sales.” Other regions are also struggling, with YoY losses in Europe and North America, though selling rates remain robust in North America. Continue reading

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China Light Vehicle Sales Slow in January

Local brands have kept pace by adjusting their SUV product lines to meet this push up market. Examples within the Midsize SUV segment were seen with the Trumpchi GS8 and Changan CS95, both of which offer performance levels and visual appeal that have exceeded consumer expectations by industry observers. In terms of powertrain and comfort levels. Continue reading

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November Global Light Vehicle Sales Soar to 98.5 Million

Explosive sales in China were the primary factor, though there were solid results in the US and Western Europe. Continue reading

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Global Light Vehicle Sales Up in August

The global light vehicle market moved upwards in August after being flat recently, according to consultancy LMC Automotive. The seasonally adjusted annualized rate (SAAR) of light vehicle sales rose to 94.5 million units a year. Continue reading

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European Diesel Car Sales Continue to Decline

It’s not just Volkswagen Group with diesel woes, during August in the EU diesel car sales showed the lowest monthly market share since diesel penetration peaked in 2011. However, with a market share of 48.3% diesel car sales remain substantial. Continue reading

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U.S. Auto Sales to Drop During 2016-2023?

“Our latest forecast now reflects the reality that the growth track that the US market has been on since 2009 has stalled and appears to be leveling off, but it does not necessarily signal that further contractions or an automotive recession is imminent.” Continue reading

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China Light Vehicle Sales Drop Again in May

China Light Vehicle sales continued to decline in May, with year‐on‐year (YoY) growth in sales of locally‐made models dropping to 1.4%, marking the lowest level since September 2012 when the Sino‐Japan islands disputes disrupted the market. This is big trouble for The Volkswagen Group and General Motors both of whom rely on China for healthy profits. Continue reading

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Global Light Vehicle Sales Steady in March at 81.3 Million Rate

Global light vehicles sales stabilized in March with an annualized selling rate of 81.3 million units. China, the United States and Japan continued posting strong, growing results, moving the overall global auto market to near record levels. A slowing in some emerging markets, including India and Russia, is thought to be temporary according to LMC Automotive economists. Continue reading

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