Report: U.S. Automotive Market in Rough Shape

The U.S. light-vehicle market doesn’t appear to be in the best health. While many automakers now opt against issuing monthly sales reports, those that still do are posting some pretty brutal numbers.

This does not bode well for an industry that seemed pretty certain that 2022 would be its recovery year. However, it is on-brand with the slew of announcements made by manufacturers warning about supply constraints and an inability to manufacture at scale. There has also been a growing sense that some consumers may be shunning vehicles that have spent the last several months trading well above what seems rational. Wholesale pricing actually declined by roughly 6 percent since the January record. Though you may not see that represented on dealer lots or even have noticed if it was because last month still saw transactions averaging 14 percent higher than they were last year.

Read more
For Ford Bronco Reservation Holders, the Waiting May Be the Hardest Part

The ongoing Tom Petty kick occurring inside the walls of Casa Steph continues bearing literary fruit.

Yes, after enduring years of pins and needles after rumors of a Bronco rebirth first arose, Ford fans who recently plunked down a reservation charge could still be quite a ways away from their actual vehicle.

Read more
Tesla Shuts 'er Down in Fremont, Buffalo

After a days-long jousting match between Tesla and county officials, the electric automaker has apparently come to terms with the fact it is not an essential service. Tesla will idle its assembly plant in Fremont, California on March 23rd, with its Buffalo, New York solar facility also going dark.

Controversy sprung up after Tesla continued operations in Fremont after the county, one of several in the Bay area to do so, issued a shelter-in-place order to aid in the battle against coronavirus.

Read more
Tesla's Balloon Bursts in Q1; Deliveries Impress No One

Following a rocky first quarter of 2019, Tesla’s decidedly lackluster production and delivery report sent the automaker’s stock tumbling in pre-market trading.

Not only were analyst estimates missed, in some cases by a mile, production actually fell at Tesla’s Fremont, California assembly plant, sparking concern that demand is drying up for the company’s EV offerings. A dip back into the red — something CEO Elon Musk warned of, not long after predicting the opposite — seems unavoidable.

Read more
Tracking Tesla: As Model 3s Hit the Streets, There's a New Way to Check Musk's Pace of Production

Since beginning production of the Model 3 last summer, Tesla has dialed back production targets like a thermostat in the springtime. The electric automaker’s first goal of 5,000 units per week by the end of the year passed as the champagne corks flew on New Year’s Eve, but by that time Tesla had already pushed it back to the end of Q1 2018.

Amid troubles on the assembly line, that target eventually moved to the end of the second quarter of this year, a goal that still stands.

Just how many Model 3s is Tesla cranking out these days? The company only reports deliveries on a quarterly basis, making it hard to get a firm read on the company’s exact output. One publication hopes to change that.

Read more
So Far, 2018 Auto Sales Are Better Than Expected; Thank Dangerously Heavy Incentives

With the automotive market continuing to cool off, the industry went into 2018 with a less than optimistic view. Volume for the year is anticipated to continue its downward trend but, incredibly, January appears to be on par with the same period last year — if not slightly better.

Did the analysts get it wrong? Probably not. Incentive spending was up across the board and that’ll likely be the case throughout the rest of the year. The real trick will be for automakers to keep their lineups appealing without going wild with discounts. That’s because the annual forecast still calls for lower volume than in 2017.

Read more
It's Raining Fiats … on Dealers That Already Can't Move Them: Report

Say you’re a dealer with a backlog of slow-selling models. What’s the last thing you would want?

The correct answer would be a springtime deluge of more of the same, whether you asked for it or not. That’s what some angry retailers across the Atlantic are facing after Fiat Chrysler Automobiles dumped 6,000 anemic sellers into Italian dealer management systems at the end of February.

Read more
Missed It By That Much: Tesla Falls Short of Its 2016 Goal

2016 wasn’t just a disappointing year for celebrities.

After stating that it would place between 80,000 and 90,000 vehicles in the hands of adoring customers before year’s end, Tesla failed to clear the delivery bar it had set for itself. While production numbers crossed the threshold, 2016 deliveries fell short, numbering only 76,230.

Still, the electric automaker — which has set much loftier production goals for the near future — doesn’t seem too concerned.

Read more
Tesla's Production Push Pays Off, But Stock Remains Stagnant

After a second quarter that was anything but hot, Tesla Motors surprised analysts by delivering 24,500 vehicles in the third quarter — a 10,000-unit jump over the previous tally.

The healthy delivery numbers allow CEO Elon Musk to stick to his promise of 50,000 deliveries in the second half of this year, reports Bloomberg. Still, the production boost failed to buoy the company’s stock, meaning Musk’s fundraising plans won’t be easy.

Read more
  • Mcs You're right. I'd add to that right now, demand is higher than supply, so basic business rules say to raise the price. The battery tech is rapidly changing too. A battery tech in production today probably won't be what you're using in 2 years. In 4 years, something different. Lithium, cobalt, and nickel. Now cobalt and in some cases nickel isn't needed. New materials like prussian blue might need to be sourced. New sources might mean investing in mines. LMFP batteries from CATL are entering production this year and are a 15% to 20% improvement in density over current LFP closing the density gap with NCA and NCM batteries. So, more cars should be able to use LMFP than were able to use LFP. That will lower costs to automakers, but I doubt they'll pass it on. I think when the order backlogs are gone we'll stop seeing the increases. Especially once Tesla's backlog goes away. They have room to cut prices on the Model Y and once they start accumulating unsold vehicles at the factory lot, that price will come tumbling down.
  • Acd Fifteen hundred bucks for OnStar makes some of the crap Southeast Toyota Distributors and Gulf States Toyota forces their customers to buy seem like a deal.
  • EBFlex Remember when Ford was all self pleasuring about the fake lightning starting under $40k? We all knew it was BS then and that Ford was taking a massive loss just to make that happen. This solidifies that.
  • SCE to AUX Matt, I think you've answered the question well.
  • Cprescott There really isn't a point to purchase an EV. The cost to buy is far more than what an average person can afford and those who are living in apartments will pay through the nose to charge externally (price and wasted time to charge). I would be willing to bite the bullet but there is no way I'm spending $50k to replace my ICE car that gets 45mpgs and which will be paid for next December. There is no economic case that would have me pay more to own an EV than my current ride and I sure am not paying nearly three times for an EV than I spent for my ICE car.