Yes it is that time of the month, the time for our acclaimed monthly rendezvous: the World Roundup, now in its 6th instalment.
Last month all eyes were on Ukraine where the Geely CK notched the top spot in a world first for a Chinese manufacturer in a large export market. In August, Switzerland, Brazil and Denmark are the epicenters of world car sales.
You can check out previous world Roundups here for March 2012 (“Has the Hybrid era started for good?”), here for April 2012 (“Big change coming from India”), here for May 2012 (“GM and Toyota Etios make headlines”) and here for June 2012 (“Geely CK writes history in Ukraine“).
Enough of the world and you just want to know which cars sell best in your own backyard? Easy. You can visit 168 countries and territories in my blog, one by one, in the comfort of your own lounge. Yes sir.
Back to our Roundup.
Volkswagen announced global Group sales for August, and they are a whopping 18.9 percent over August 2011. For the first eight months of the year, Volkswagen Group deliveries are 10.2 percent ahead of what VW delivered in the same period last year. With all the bad news from Europe, how can a European car company deliver such good numbers, you ask?
“China’s auto sales growth falls to 3.7 percent ” if you read the Associated Press and Bloomberg. If you rather put your trust in Reuters, then “vehicle sales in China rose 8.3 percent in August from a year earlier.” Reuters is correct, AP and Bloomberg just received a new degree in spin doctoring.
Germany hasn’t seen the double digit sales losses of other EU countries, but it isn’t walking on water either. August sales in Germany were down 4.7 percent on 226,455 units, says the KBA. For the first eight months of the year, sales in Germany now are 0.6 percent below the same period of the prior year.
Now that we have the August numbers for the world’s second largest car market, attention turns to the world’s largest, China. The Chinese economy is cooling down. Has it hit car sales? Official numbers won’t be here until next week, but our patent=pending China sales oracle has spoken.
Sales Forecasts August 2012Forecast TrueCarForecast KelleyUnitsYoYShareUnitsYoYShareChrysler142,5939.60%11.4%142,6009.60%11.2%Ford191,4569.50%15.3%191,6009.60%15.1%GM227,0873.90%18.1%225,9503.40%17.7%Honda133,45862.10%10.6%129,45057.30%10.2%Hyundai/Kia117,21217.60%9.3%119,66220.00%9.4%Nissan97,0226.00%7.7%105,00014.70%8.2%Toyota182,89641.30%14.6%176,95036.70%13.9%Volkswagen47,06932.80%3.7%53,50050.50%4.2%Industry1,255,39217.20%100.0%1,273,00018.70%100.0%
When U.S. August sales numbers will be announced next week, TrueCar expects them to be up strongly. The Santa Monica forecaster predicts August new light vehicle sales to be in the neighborhood of 1,255,392 units, up 17.2 percent from August 2011. TrueCar’s forecast would translate into a Seasonally Adjusted Annualized Rate (“SAAR”) of 14.2 million new car sales, up from 12.1 million in August 2011.
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- JamesGarfield Re: Getting away from union plantsAbout a dozen years or so ago, Caterpillar built a huge new engine plant, just down the road here in Seguin TX. Story has it, Caterpillar came to Seguin City council in advance, and told them their plans. Then they asked for no advanced publicity from Seguin, until announcement day. This new plant was gonna be a non-union replacement for a couple of union plants in IL and SC, and Cat didn't want to stir up union problems until the plan was set. They told Seguin, If you about blab this in advance, we'll walk. Well, Seguin kept quiet as instructed, and the plan went through, with all the usual expected tax abatements given.Plant construction began, but the Caterpillar name was conspicuously absent from anywhere on the site. Instead, the plant was described as being a collective of various contractors and suppliers for Caterpillar. Which in fact, it was. Then comes the day, with the big new plant fully operationa!, that Caterpillar comes in and announces, Hey, Yeah it's our plant, and the Caterpillar name boldly goes up on the front. All you contractor folks, welcome aboard, you're now Caterpillar employees. Then, Cat turns and announces they are closing those two union plants immediately, and will be transporting all the heavy manufacturing equipment to Seguin. None of the union workers, just the equipment. And today, the Caterpillar plant sits out there, humming away happily, making engines for the industry and good paying jobs for us. I'd call that a winner.
- Stuki Moi What Subaru taketh away in costs, dealers will no doubt add right back in adjustments.... Fat chance Subaru will offer a sufficient supply of them.
- Dartdude Lorenzo, the reason for low manual transmission here is that most dealers won't stock them. I wanted a 2012 Kia Koup with manual tranny it was available, but no dealers ordered any from the factory hence there was none available. Go on any car manufacture's web site and price and build and build your model and you would be lucky if the model existed and was available.
- The Oracle Good news is that based on the model years many of these have already been junked or experienced terminal engine failure.
- Lou_BC I'm confused, isn't a Prologue a preview? This would be a preview of a preview.