#June2011

Our patent-pending China sales oracle is in top form. As predicted, the Chinese market awoke from the doldrums in June and rose 6.2 percent from a year earlier to 1.11 million units. This according to a data released today by the China Association of Automobile Manufacturers (CAAM).

Our patent-pending China sales oracle has spoken, and it says. The only bubbles in China are in the heads of some self-styled experts.

Looking at the June and half year results of GM China, one can only conclude that all is well in the Middle Kingdom. What’s good for GM China is good for America: China is GM’s largest market. GM’s sales in China are up 9.9 percent in June and 5.3 percent for the half year. But there is a much more important lesson:

Germans bought 288,382 new cars in June, that’s pretty much the same (-0.3 percent) as in June 2010. A month does not a year make: In the first half of 2011, 1.62 million cars changed hands in Deutschland, that’s 10.5 percent more than 2010, say data released today by the Kraftfahrtbundesamt.

Carmakers the world over are looking towards Korea where Hyundai reported sales results for June today. Hyundai’s global sales rose 12.3 percent to post a monthly record in June. Kia has not released official results yet, but Reuters says that “Kia’s June sales surged 22 percent.”

To bridge the time until Kia reports hard numbers for June, we did some spreadsheet acrobatics and arrived at the attached. The black numbers are hard reported numbers, the grey numbers are calculated. If Reuters’ 22 percent are correct, then the June table for Hyundai-Kia should look something like this:

New car sales in Japan dropped in June, but the drop was not as steep as it was in May.

Domestic sales of new cars and trucks, excluding minivehicles, fell 23.3percent on the year to 225,024 vehicles the Japan Automobile Dealers Association said today.