Tag: June 2010

By on August 10, 2010

Chinese Automakers are worried that the formerly insane growth rates suddenly has reached levels of relative normalcy, what with total vehicle sales in July up only 14.4 percent.

What to do? Quick! Nissan came up with a novel idea: (Read More…)

By on July 30, 2010

Motorvehicle production in Japan was up 25.9 percent from a year earlier in June, says the Japan Automobile Manufacturers Association via The Nikkei [sub] Domestic sales are a bit more sedate, up 17.4 percent in June. Where did all those cars go? (Read More…)

By on July 15, 2010

The ACEA has released their European new car statistics for the month of June. One look at the picture tells you what is happening: With the cash for clunkers effects slowly working their way out of the system, Europe is settling into a new normal. In June, the market was down 6.9 percent, but for the first six months, with 7,285,487 new cars registered, the market in the EU27 is pretty much what it was in the same period last year. Compared with the first six months of 2008, the market decreased by 10.3 percent, but those were the good old pre-carmageddon days. (Read More…)

By on July 9, 2010

The monthly Chinese car sales number confusion is finally over. The China Association of Automobile Manufacturers CAAM has spoken their official word on June 2010 motor vehicles sales in the Middle Kingdom. We nearly lost confidence, but again, our patent pending sales oracle has been proven right. A week ago, our oracle said “that the Chinese market will come in at a growth in the low 20 percentile range.“ And what says CAAM? (Read More…)

By on July 6, 2010

The BBC reports that new car registrations in the UK have inexplicably risen 10.8 percent in June 2010 compared with this time, last year. What makes this “inexplicable” is the fact that sales have risen, despite the fact that the “cash for clunkers” scheme had ended on March the 31st, 2010. “The new car market continued to perform above expectations in June,” said the Society of Motor Manufacturers and Traders (SMMT) chief executive Paul Everitt said, “The results indicate improved business confidence and a strengthening economic recovery.” However, a quick look at the SMMT report reveals a potential answer. The article shows that fleet sales grew 25.3 percent. Those pesky fleet sales! Let’s take a quick look at some of the brands and their performance, shall we…? (Read More…)

By on July 5, 2010

Now we know why Daimler’s Zetsche said that “2010 could become the best year in the history of the automobile.” Daimler is celebrating record numbers. Never in recorded history had Mercedes-Benz sold more cars in a June than in the last June, says DPA (via Ad Hoc News.) Due to high demand in China and the U.S., Daimler sold 122,900 passenger vehicles this June, that’s 10.6 percent more than in June 2009. (Read More…)

By on July 5, 2010

In June 2010, new car sales in Germany were down 28.7 percent from June 2009, reports the German Kraftfahrtbundesamt, the German government agency that is responsible for all things rolling on Germany’s roads. That may sound like a horrible number, but the graph tells a different story. June 2009 was the absolute peak of the Abwrackprämien-orgy (red line), and Germany seems to slowly get back to 2008 levels (blue line.) Once we are through the seasonally low July/August months, sales may actually exceed 2008 levels. It won’t be until next year before Germany will report real growth. (Read More…)

By on July 5, 2010

Last week, we reported some totally discombobulated June sales numbers from China. People’s Daily had reported that “China’s auto sales slumped by 17.4 percent in June from May, to less than 10 million vehicles.” Hooooo-kay. If you say so.

Now, state-run news agency Xinhua reports numbers that make a bit more sense. Still not the official CAAM data, but close enough. (Read More…)

By on July 2, 2010

And again, it’s time for a TTAC tradition. We ask the patent-pending TTAC market oracle: What were last month’s new car sales in China? TTAC was forced to develop this oracle, because China is always a bit late in reporting official numbers (it’s a big country.) So we devised our patent-pending China prediction system, call it the I-Ching of the automotive business: Take GM China, deduct a few points, and like a miracle, you have the performance of the Chinese market. Works all the time. Usually. Sometimes, it doesn’t.

Our oracle says that the Chinese market will come in at a growth in the low 20 percentile range.  Why? (Read More…)

By on July 2, 2010

In Brazil sales numbers are also coming in. See tables below.  The story is the opposite of last month. This time around: month to month, good; year to year, bad. Flip flop! (Read More…)

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