Luca di Montezemolo, who has headed up Ferrari for over two decades and presided over record profits, has stepped down amid in-fighting with Fiat head Sergio Marchionne.
A shock that may come to no one among the B&B, California leads the way in sales of plug-ins with just over 100,000 units sold in the past four years.
From The Machine That Changed The World and the Financial Times: a companion to our article showing a breakdown of the most popular brands in Europe today.
As U.S. auto sales grew 5.5% to more than 1.58 million in August 2014, GM’s market share fell from 18.4% in August 2013 to 17.2% last month. Ford Motor Company’s share fell by seven-tenths of a percentage point, year-over-year. American Honda’s share of the total sales pie fell from 11.1% to 10.5% even as the Accord became America’s best-selling car with more than 50,000 sales.
Toyota’s share improved slightly to 15.5%, while the Chrysler Group/FCA shot up from 11% in August 2013 to 12.5% in August 2014. Nissan USA’s market share grew by one half of a percentage point.
Compared with July 2014, GM, FoMoCo, and Hyundai-Kia, all lost significant portions. Toyota USA moved up from 15%, American Honda jumped a full percentage point, and the Chrysler Group climbed from 11.7%.
Jack Baruth has a very thoughtful post on selling his green stick, apparently an Audi. (See No Fixed Above: Stick it to ‘em.) Here I delve into his logic as a devil’s advocate.
A key observation throughout his post is that most (newish) used cars move through dealerships, and for many there is an auction through a Mannheim or Adesa in between the trade-in and the used car lot. The same is true in Japan: the graphic above is of a car auction in Osaka, though on-site buyers sit at computers with a huge display of the two virtual “lanes” with no audible action. (For more see my post on a June 2014 visit at Auto Auctions, Japanese Style.)
Against less lofty expectations, the U.S. auto industry generated more than 1.58 million new vehicle sales in August 2014, a 5.4% improvement compared with the same period last year. The biggest gains came from Nissan and FCA/Chrysler Group, which jointly raised their August sales total from 286,050 to 332,767 units. Jeep and Ram were the only two brands to top 30% in terms of year-over-year growth. (Read More…)
From the Twitter account of Bob Flavin comes this map of Europe, overlayed with each country’s best-selling auto brand.
Though General Motors is finding big success in China among its brands, the automaker is still a bit player in Japan, and not because of so-called nontariff hurdles.
In this year’s red hot new car market, the Honda Accord and CR-V have apparently captured the top spot in both new car and SUV retail sales through the first half of 2014, according to Polk registration data. But John Mendel, Honda’s head of sales, had some pointed words for the industry as a whole, and the state of the American auto market.
Nikon cameras, condoms and the Mitsubishi Mirage are the only three products that come to mind when I think of “Made in Thailand”, but starting in 2017, we’ll have another to add to that list: the Ford Fiesta.