Canadians registered just under 172,000 new vehicles in April, more than in any April since 2008. Through the first quarter of 2013, auto sales in Canada were down 1.9%. Imports, by which we mean non-Detroit brands, were suffering the most. Including Toyota, Hyundai, Honda, and Kia, nine Asian brands had posted year-over-year declines at the end of March.
One of the bigger stories of 2013 has so far managed to escape the news cycle. I’m not exactly sure why Nissan’s announcement of significant reductions on the MSRP of new cars hasn’t gotten more coverage, but I’m also not 100 percent sure of Nissan’s motives either.
Germany’s new car sales were up 3.8 percent in April, says Germany’s Kraftfahrtbundesamt. This is the first time in nearly a year that German car sales were in plus territory. In France, an April loss of 5.2 percent already was feted as the turn-around. Has the European bottom been reached? I don’t think so. Read More >
Soon after TTAC’s article on General Motors’ new model make over, the naysayers were out in force. Commenter jpolicke for example suggested selling GM stock if its future relied on engineering coming from South Korea. However, signs abound that this time around GM is finding its way. Let’s examine some of the pros and cons:
We already thought Bloomberg might have abandoned its monthly analyst poll. We could not find one for March, and finally found one for April – after a lot of looking. It would have been a shame if the table would have gone AWOL. This month, the race was extremely tight, and most analysts – at least the ones who had the guts to make forecasts for the D3 and not just for the SAAR – came very close to the actuals. Read More >
In April of 2013, however, the American consumer chose the MKFusion LOLZ Edition over the Autobahn-bred Cadillac CTS. And the American consumer chose the Steer-The-Script-Disaster-Chunky-Butt-Mobile over the even more sporty and awesome cancer-curing ATS.
Luckily, the two Cadillacs together managed to outsell the MKZ. By a little bit.
What’s this mean?
April sales in Japan were up 1.5 percent in April, with sales of kei cars lagging behind resurging regular cars while imports surprise. Read More >
TTAC has learned that the Ford has delayed the new full-size Transit van until Model Year 2015. This leaves Ford without a next generation full-size van to compete against the updated Sprinter and the Fiat-based Ram Promaster.
Jac Nasser, the former head of Ford, is warning that Australia’s car industry has passed the point of no return, and expects to see it die within the next few years.