Tag: January 2012
Growth at the world’s second largest automaker, the Volkswagen Group, took a breather in January. As indicated by its passenger vehicle division a few days ago, growth at the Volkswagen Group turned to a 1.3 percent trickle globally. This was caused by a calendar-induced decrease in China, combined with a soft European market. (Read More…)
Volkswagen’s double digit growth rates came to a grinding halt in January with the Volkswagen Passenger Cars brand reporting what Volkswagen euphemistically calls “robust delivery figures:” Worldwide, Volkswagen handed over a mere 600 cars more in January 2012 than the 418,600 units it had sold in January 2011, for a teensy rise of 0.1 percent. Basically, Volkswagen is treading water. Why? China. (Read More…)
Have a quick look at this screenshot. Scan it as quickly as you scan other news from China. Now picture scanning it under as much time pressure an average news editor is under. That’s what this is for, it is GM China’s site for journalists. Wouldn’t you think that GM China’s January sales were absolutely marvelous?
Well, it’s not true. (Read More…)
New car sales in China imploded in January. This will be the message when the official data by the CAAM are announced. Which should happen any minute.
The signs are ominous: Yesterday, GM China, TTAC’s in-house leading indicator, announced (in a way) that sales in January had been down by 8 percent. Then, China’s largest carmaker SAIC said that its January was down 8.5 percent. Today, the China Passenger Car Association told China Daily that the car market in China had nosedived16.5 percent from a year earlier to 1.17 million units in January. Late in the afternoon in Yokohama at Nissan’s quarterly earnings conference, Nissan’s Corporate Vice President, Joji Tagawa proudly pronounced that Nissan sales “declined only 16 percent” in China, while the Chinese car market as a whole registered “a negative 28 percent,” and isn’t that wonderful?
Whoa!!!! What’s going on?
Is the sky over China finally falling? It sure looks like it. (Read More…)
The year starts on a high note, at least when you are Chrysler. Chrysler reports a jaw-dropping 44-percent gain in domestic auto sales. Also up: Volkswagen, up 48 percent to 27,209 vehicles. Nissan sales in the U.S. are up 10.4 percent to 79,313. (Read More…)