By on April 9, 2014

Cadillac-Pre-owned

New-vehicle sales are on the rise due not only to demand originally held back by the Great Recession, but by consumers coming off of their leases for their next latest and greatest.

(Read More…)

By on June 17, 2011

Europeans are either tired of their old cars, or the effects of the cash for clunkers largesse are finally getting digested, or both. Whatever the reason, new passenger car registrations increased by 7.1 percent in the EU in May, as data released by the European Auto Manufacturers Association ACEA shows. (Read More…)

By on June 1, 2011

Sales of new cars, trucks and buses in Japan dropped 37.8 percent from a year earlier in May, data released by the Japan Automobile Dealers Association show. It could have been worse. (Read More…)

By on May 26, 2011

TrueCar released its May 2011 sales forecast. At this time in the calendar, these forecasts, based on real transactional data, usually come close to reality. For May 2011, TrueCar expects new light vehicle sales in the U.S. to be 1,060,392 units, down 3.7 percent from May 2010 and down 8.3 percent from April 2011(unadjusted basis for sales days). This would be a Seasonally Adjusted Annualized Rate (SAAR) of 11.85 million new car sales, down from 13.18 million in April 2011 and only slightly up from 11.63 million in May 2010. Why the sudden reluctance? (Read More…)

By on May 18, 2011

If you are looking for a growth market for cars, don’t look to Europe. In terms of car sales, the Old Country is going sideways with a negative bias. In April, sales of new cars in the EU was down 4.1 percent on the year. New registrations amounted to 1,089,118 units. For the first four months of 2011, registrations totaled 4,674,457 units, or 2.7 percent less than over the same period a year earlier. This according to data released by the European Auto Manufacturers Association ACEA. (Read More…)

By on May 10, 2011

 

Our patent pending GM China sales oracle saw it coming: GM China was down in April, therefore, the whole Chinese market had to be down in April. And so it was – by a hair: April new vehicle sales in China were down 0.25 percent, the China Association of Automobile Manufacturers announced at a press conference on Tuesday afternoon. This is the first decline in 27 months. (Read More…)

By on April 29, 2011

 

 

Forecasts for April U.S. new vehicle sales differ widely amongst the industry soothsayers this month. (Read More…)

By on April 10, 2011

Beijing’s war on the ICE notwithstanding, auto sales in China rose by 5.36 percent in March. That is the headline from a Sunday afternoon press conference held by the China Association of Automobile Manufacturers (CAAM). More than 60 journalists were poised to report that for the first time any of them could remember, the Chinese market did sink. But it went the other way. Still up. (Read More…)

By on April 2, 2011

In the (OMG) 7 years I have lived and worked in China by now, I have learned not to take the first two months of the year all too seriously. After all, according to the Chinese calendar, the first two months mostly belong to the old year. Chinese New Year  is some time in late January or early February, depending on the inscrutable lunar calendar. The nearly month long festivities mess up sales, and make comparisons pretty much useless. Confucius say: “Only the stupidest of men make predictions based on January sales.”

March is a different matter.  It’s the first “regular” month of the new year. Everybody is waiting for March sales results in China. We’ll have to wait at least a week or so until the CAAM is done tabulating the sales of the 60 to 120 automakers in China (even that number remains shrouded in mystery.) But there is our trusted indicator: GM China. (Read More…)

By on March 24, 2011

J.D. Power sees a strong March in its crystal ball, powered by real-time transaction data of 8,600 retail franchises throughout the United States. However growth is expected to be much more sedate than the 27 percent jump in February.

(Read More…)

By on March 9, 2011

In a press conference in the late Chinese afternoon, China’s CAAM announced its official February sales numbers. The Middle Kingdom kept face and avoided a loss. (Read More…)

By on March 7, 2011

The Chinese passenger car market did something highly unusual in February: It declined. If the data of the usually not highly reliable China Passenger Car Association is to be believed, that is. They e-mailed to Automotive News [sub] that February 2011 passenger car sales were a minuscule 0.4 percent below February 2010 levels. (Read More…)

By on March 3, 2011

Germany is busy digging itself out of a – mostly mathematical – hole.  According to data released by Germany’s Kraftfahrtbundesamt, registrations in February were up 15.2 percent compared to February 2010. The graph above tells a different story. (Read More…)

By on March 2, 2011

More and more journos wish China would become like America. As in America of 2008: Pop, crash, fizzle. The current meme is that the 18 plus million car sales can’t possibly go on and that the Chinese car market will ape America and will pop, crash and fizzle.

The problem is: The Chinese car market doesn’t seem to be able to read. It just doesn’t want to roll over. It had its big chance last month. China had been closed most of February in observance of the Chinese New Year. Most observers (including myself) had expected minus signs in front of the growth number for February.

First sales numbers are coming if for February, and there are good news and bad news. (Read More…)

By on March 1, 2011

“The consumer is back to the showrooms,” said Brian Johnson, an analyst with Barclays Capital to the Los Angeles Times. No kidding. The consumer is back with a vengeance. February new cars sales were up  27 percent on the year. The world’s two biggest automakers report sales increases we thought only possible in China. (Read More…)

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