Tag: reports

By on December 6, 2019

If you follow the automotive industry at all, you’re undoubtedly aware that the United States is a region that hasn’t quite embraced automotive electrification on the same level as the rest of the developed world. Americans travel longer distances and have particular tastes, making EVs more popular in places like Europe and China. It also hasn’t passed the same sweeping regulations to ensure their advancement.

Whatever the cause, a new survey from London-based OC&C Strategy Consultants attempted to tabulate the disparity — asking 2,000 consumers (apiece) in the U.S., China, Germany, France and United Kingdom between March and April of 2019.

Their findings? Only about half of the surveyed Americans felt EVs were worth their consideration as a potential successor to their current ride. In China, 90 percent said they would seriously consider buying electric. Between 64 and 77 percent of respondents in Europe said the same (depending on country).  (Read More…)

By on December 4, 2019

fairfax line assembly factory general motors, Image: General Motors

With environmentalism sweeping through the automotive industry of late, manufacturers are spending oodles of cash to fund the continued development of electric vehicles. Unfortunately, the are doing this during a period where the developed world’s taste for cars has already reached its zenith — or so it seems. Growth is slowing in markets across the globe and cuts have to be made somewhere if the industry players want to keep their bottom line positioned firmly in the black.

A recent report from Bloomberg, estimated that around 80,000 auto jobs will be eliminated in the coming years as a result of electrification — with the majority concentrated in the United States, Germany, and United Kingdom. Though the onslaught  of cuts will not be limited to the developed world, nor entirely the fault of EVs.  (Read More…)

By on November 26, 2019

The National Insurance Crime Bureau (NICB) released its annual Hot Wheels report this month. The good news is that auto thefts declined in 2018, according to the FBI.

The bad news? NICB is still doing a running tally of all the rides ripped away from their owners, putting the 2000 model-year Honda Civic on top. It was followed closely by the 1997 Honda Accord. Fortunately, the NICB also kept track of the 2018 model year specifically, proving that the nation’s most-stolen automobiles continue to be the ones that sell the best. (Read More…)

By on November 25, 2019

A new report indicates that BAIC Motor Corp, Daimler’s primary Chinese joint-venture partner, wants to increase its stake in the company. Currently, BAIC owns 5 percent of the German automaker (purchased in July) with rumors swirling in October that the firm wanted to increase its investment. There were also claims that Geely was attempting to stand in the way of the prospective deal.

While not Daimler’s main squeeze in Asia from a production perspective, Geely actually owns 9.7 percent of the company — giving it quite a bit of leverage. As such, there were murmurings that Geely put the kibosh on any ideas BAIC had on investing further. Geely has rebuffed the accusation. “We are a long-term investor in Daimler. We do not react spontaneously to any volatility and we support Daimler’s management and their strategy,” the firm explained.

Be that as it may, there appears to be a minor power struggle between the two Chinese companies. Both seem interested in strengthening their influence and happen to find themselves in each other’s way.  (Read More…)

By on November 14, 2019

Image: GM

A new report from Edmunds tries to make a case against Ford and General Motors placing their small- and medium-sized cars on an iceberg and setting it adrift. We don’t even need to see the metrics to agree. Ditching cars for higher-margin crossovers and SUVs always seemed a little short-sighted. Without entry-level models, you’re likely to get fewer entry-level (i.e. new) customers, and several of the models axed from North American lineups happened to be the most enjoyable to drive.

Selfishly, we like to see plenty of variety among mainstream brands.

Edmunds’ concern isn’t so much about Ford and GM losing money; rather, it’s more about the automakers setting themselves up for failure further down the line. The analysis revealed that 42 percent of Cruze and Focus owners are choosing to stay in the passenger car segment, rather than spending a little (or lot) more to purchase crossovers and SUVs. Meanwhile, 23 percent of Cruze owners and 31 percent of Focus owners who traded in their car in 2019 ended up buying something similar from a competing automaker(Read More…)

By on November 12, 2019

Fulfilling earlier promises that the company had hit a wall and might require several years to recover, Nissan reported a 70-percent decline in quarterly operating profit on Tuesday. It also pulled back its full-year operating profit forecast by 35 percent to 150 billion yen, representing the automaker’s worst annual performance in 11 years. The business now expects to see global retail volume somewhere around 5.2 million vehicles (down from estimates 5.5 million).

“We are revisiting all our assumptions, and as you can see that is why we revised down our forecast for sales volume for the full year,” incoming CFO Stephen Ma explained to Reuters after releasing its first-half results for 2019 (ending September 30th). That was swiftly followed by the announcement of an extraordinary shareholders meeting to decide on proposals for current directors leaving their positions (Hiroto Saikawa, Yasuhiro Yamauchi, Thierry Bolloré) and the new director nominees.  (Read More…)

By on November 6, 2019

With the realities of autonomous driving growing increasingly apparent, the Society of Automobile Engineers (SAE) decided to conduct a survey to gauge public sentiment surrounding the technology. We’ve seen these studies before, noticing a lack of consistency. While several high-profile accidents relating to autonomous (or semi-autonomous) systems have clearly shaken people’s confidence over the last two years, we’re still seeing conflicting reports — and we don’t mean minor discrepancies, either.

The SAE survey, published on Tuesday, stated that 76 percent of respondents “think a self-driving car experience is similar or superior to a human-driven experience.” However, the American Automobile Association (AAA) released a study in March claiming 71 percent of survey respondents still had serious concerns with the technology, with only 19 percent claiming they’d even consider putting a loved one in a self-driving vehicle.

That’s a complete turn-around in just over six months. Perhaps we should look at how these surveys are being conducted and the type of questions being asked, because taking the SAE Demo Days Survey at face value makes it seem as though automated driving has finally gained public acceptance.  (Read More…)

By on November 1, 2019

One of the issues underpinning the gas war has been an inability for either side to compromise. Initially, it was the current administration complaining about California wanting special treatment. But the coastal state was quick to return fire, claiming that the White House never offered a valid compromise.

Eventually California extended an olive branch by suggesting it would postpone existing fuel economy mandates by one year, while attempting to lock automakers in via written commitments. But federal regulators said a singular national standard was needed, suggesting California had overstepped its authority by trying to rope in manufacturers.

However, EPA Administrator Andrew Wheeler came back this fall with claims of a revised plan that could actually be more stringent than originally presumed. While still a rollback, the new draft was said to close several loopholes the industry could use to continue their polluting ways. “In some of the out years, we’re actually more restrictive on CO2 emissions than the Obama proposal was,” Wheeler said.

New reports now suggest the EPA’s words are more than just noise. (Read More…)

By on October 29, 2019

It hasn’t even been a full month since the American Automobile Association (AAA) released a study showcasing the shortcomings of advanced driving aids and another damning report has come in — this time from the Insurance Institute for Highway Safety (IIHS). While not nearly as bleak as the AAA study, the IIHS research put several models on blast for having lackluster equipment.

The gist appears to be that the quality of pedestrian detection systems varies wildly between models, with the IIHS picking a few winners and losers. That’s important information to have, especially considering automatic braking systems will be standard equipment on all cars by 2022.  (Read More…)

By on October 22, 2019

The National Highway Traffic Safety Administration announced Tuesday that American traffic deaths declined for a second year in a row in 2018. Data indicates a 2.4 percent decline in roadway fatalities last year, with bicyclists and pedestrians being the only groups to see risk moving in the wrong direction.

“This is encouraging news, but still far too many perished or were injured, and nearly all crashes are preventable, so much more work remains to be done to make America’s roads safer for everyone,” said U.S. Transportation Secretary Elaine Chao in a statement.

The DOT/NHTSA attributed improving automotive safety systems as the primary reason for the decline in deaths, though some of the metrics included in the report’s breakdown suggest other factors could be at play.  (Read More…)

By on October 7, 2019

Last week we reported on the headway electric vehicles are making in the Netherlands, framing the situation as idyllic for EVs. Less picturesque for plug-in sales is India — a nation that has similarly attempted to encourage the proliferation of electric cars, but with unimpressive results. As it turns out, India makes a stellar counterpoint for worldwide electrification.

Based on the success EVs have seen over the last few years, you’d think the government was asking everyone to start eating hamburgers. Despite having a population of 1.34 billion people, with more of them becoming drivers every day, just 8,000 EVs have been sold in the nation over the last six years.  (Read More…)

By on October 4, 2019

The paranoid luddites that write for this site have occasionally been accused of being hyper critical of modern-day driving aids. Be it a cursory mention of how a little snow totally flummoxed the systems of an otherwise agreeable review car, the direct addressing of an issue where road salt encouraged a vehicle to attempt to steer itself into a ditch, or one of this author’s many diatribes on how the bulk of this technology doesn’t seem anywhere near market ready, there’s always a couple of exceptional individuals ready to call us backward-looking morons.

While that’s often a correct assessment in other matters, it seems we’ve called this one correctly. The American Automobile Association (AAA) recently tested four sedans from competing manufacturers, running them through a handful of scenarios intended to replicate situations that place pedestrians at extreme risk. Taking into account the above smugness, you can probably imagine how poorly it went.  (Read More…)

By on September 24, 2019

The American Automobile Association (AAA) suggests that long-term loans are encouraging ownership costs of new vehicles to climb. In some instances, the group suggests customers could be on the hook for well over $10,000 per year. While this only applies to larger and more expensive automobiles, AAA says the trend is all-encompassing — spurred largely by changing finance conditions.

According to AAA’s latest research, finance costs on new vehicle purchases have jumped 24 percent in 2019, elevating the average annual cost of car ownership to $9,282 ($773.50 per month).

“Finance costs accounted for more than 40 [percent] of the total increase in average vehicle ownership costs,” elaborated John Nielsen, AAA’s managing director for Automotive Engineering & Repair. “AAA found finance charges rose more sharply in the last 12 months than any major expense associated with owning a vehicle.”  (Read More…)

By on August 21, 2019

China’s Geely Automobile Holdings Ltd said on Wednesday that its first-half net profit slipped 40 percent due to the extended economic downturn impacting in the region. According to Reuters, the manufacturer posted a net profit of 4.01 billion yuan ($568.5 million) during the most recent half vs the 6.67 billion yuan it made over the same period a year earlier.

Sales growth is also down. Between January and June, Geely sold 651,680 vehicles — roughly 15 percent less than in the same period in 2018. Finding something to attribute that to will be easy, however. China’s automotive market has been on a downhill slope for 13 consecutive months and we know of at least two reasons why.  (Read More…)

By on August 21, 2019

According to recent reports, there’s trouble with the White House’s fuel economy rollback. The Trump administration is said to have been meeting with automakers, asking them to stand behind its proposal to freeze economy standards at about 37 mpg until 2026. The New York Times indicates it was an act of desperation, spurred by claims that Mercedes-Benz was on the cusp of supporting the California compromise. Based on existing standards, which would raise the average fuel economy of new cars and trucks to 54.5 miles per gallon by 2025, the deal would delay its targets by one year.

Honda, Ford, Volkswagen, and BMW previously agreed to support California’s proposal in July. However, the deal is non-binding if the White House decides to push through a rollback, and most of the rhetoric being used by the industry seems more focused on a joint standard.

“A 50-state solution has always been our preferred path forward and we understand that any deal involves compromise,” read the automakers’ joint statement.”These terms will provide our companies much-needed regulatory certainty by allowing us to meet both federal and state requirements with a single national fleet, avoiding a patchwork of regulations while continuing to ensure meaningful greenhouse gas emissions reductions.”  (Read More…)

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