Lost in the excitement surrounding yesterday’s presidential election was news that October 2008 was an absolutely dismal month in terms of new car sales in the United States. The Detroit Three, of course, were the loss-leaders, with GM posting a 45% decline in sales, followed by Chrysler at 35%, and Ford at 30.2% off of October 2007. Even foreign companies took big hits, with Nissan sales down 33%, Toyota sales down 25.9% and Honda sales down 28%. Following those somber announcements, the Detroit Three are hard at work again trying to convince the U.S. government to extend them an additional $25 billion to get them through these hard times — and the feds seem to be listening. While Congress already approved $25 billion in loans to automakers a few months ago, those loans were restricted to the retooling of plants to build more fuel-efficient and environmentally friendly cars. While they will most certainly help, Ford, GM, and Chrysler are still facing a multitude of other … [Read more...] about Following Dismal October Sales and Obama Victory, Detroit Renews Calls for Help
Detroit 2 auto
General Motors Co outsold Toyota Motor Corp globally in the first six months to become the world’s largest auto maker after the record March earthquake disrupted production in Japan.GM sales rose 8.9 per cent to 4.5 million units in the half-year ended June 30, the Detroit-based auto maker said yesterday. That compares with 4.1 million units at second ranked Volkswagen AG and 3.7 million units for Toyota, including its luxury Lexus marque and affiliates Daihatsu Motor Co and Hino Motors Ltd, according to statements by the companies. Output at the Toyota City, Japan-based auto maker slumped 23 per cent to 3.4 million units in the half-year after the company halted production following the magnitude 9 temblor and tsunami in March. Toyota expects to enter a production recovery phase in September, one month earlier than previously announced, it said on August 2.“Even if Toyota recovers production, it will take another few more months for sales to actually … [Read more...] about GM now world’s largest auto maker
People do the right thing, unless money and power is involved. From the highest paid executives to the lowest ranking newbie, money and power is a motivator. Those in positions of accountability are held to a higher standard, and post-bailout Detroit is not immune to criticism. But in an act of corporate cheerleading, Pete Mateja’s Internet flamebait at Automotive News [sub] titled “Detroit had lousy management — and other myths that need debunking” shows how the “experts” got it wrong. “For the past year, I have…seen commentaries by industry analysts and consultants giving their opinions on all the causes of the problems and wrongdoings in today’s auto world and, in particular, the Detroit 3. Everyone has become an expert.”Perhaps these experts prefer someone take responsibility for the systematic destruction of billions in stockholder’s equity? And maybe they’ve run about eleventy-billion tests on … [Read more...] about Between The Lines: Pete Mateja’s Auto Industry “Myths”
Despite being unified on the trading front, Mexico and the Southeastern United States are besting Canada and Detroit in the automotive industry game.Presently, Mexico’s contribution to overall North American annual production came to 18.8 percent in 2014, Detroit Free Press says, double the percentage of vehicles the country’s burgeoning industry made back in 2004. Conversely, Canada’s percentage fell from 16.9 percent a decade earlier, to 14.1 percent last year. The U.S. also lost production volume over the years, rebounding to 67.1 percent in 2014 after its seven-year-decline from a peak of 73.6 percent ended in 2011.While the U.S. still makes the most vehicles per year, more production is heading south of the Mason-Dixon when not crossing the border entirely. DesRosiers Automotive Consultants president Dennis DesRosiers says “over half the capacity and 80 percent to 90 percent of investment dollars are going to the U.S. South or Mexico,” leaving Detroit … [Read more...] about Mexico, Southeastern US Besting Canada, Detroit In Auto Manufacturing
The U.S. auto industry generated an overall sales increase in November 2015 despite notable decreases at American Honda and Volkswagen Group, and a shorter-than-normal November selling season.So strong were the numbers produced in the lead-up to and during November that analysts and forecasters are all but certain that 2015 will go down as the best year ever for auto sales volume in America. Just six years removed from the doldrums of 2009, auto sales in 2015 are expanding for a fifth consecutive year, rising 52 percent compared with 2010 and 5 percent compared with 2014.This is the theme of auto sales coverage as we approach the end of 2015, as bestseller lists highlighting the strength of pickup trucks and ever more popular crossovers are being prepped. But what about the small figures behind the big numbers; the less well-known stories which contribute to the overall theme?These are they.SW x2: 2015 has hosted Volkswagen of America’s transition from the Jetta … [Read more...] about November 2015 Fact Sheet: The U.S. Auto Sales Numbers You Need To Know That You Didn’t Know Already
A picture is worth a thousand words, or millions of dollars worth of cars not built by the United Auto Workers.That, and Buick is planning a surprise for Detroit, oil prices are ever-so-slightly up, a super mullet El Camino, and Manny, Moe and Jack … after the break! Chinese Buicks are on their way to the USAThe Chinese-built Buick Envision is on its way to the United States just over a month after the United Auto Workers ratified its contract with General Motors.The Envision, built by joint venture SAIC GM Dong Yue Motors, is seen here sitting at port before being loaded on a car carrier to set sail for the United States, reports CarNewsChina.Future owners of the Envision can expect a 2-liter turbocharged four-cylinder engine under the hood as GM will not offer the smaller 1.5-liter turbo engine in the U.S. It goes on sale in July.The GM-UAW contract was ratified even after 60 percent of skilled trades workers voted against it. What’s Buick … [Read more...] about TTAC News Round-up: How Low Can Oil Go, IROC an El Camino, and What’s Buick Bringing to Detroit?
TTAC reader David Obelcz is back with his rundown of the latest crop of Super Bowl ads.For some watchers of the Super Bowl the game being played is meaningless. For them the sport is not on the field and the debate is not that the Patriots are one of the most dominate teams in football history and Tom Brady is the greatest quarterback to play the game why Pete Carroll didn’t give the ball to Marshawn Lynch in a 2 and goal on the 1 yard line. It isn’t meaningless to them because their team didn’t make the big game either. For some, the Super Bowl is all about the advertisements that run.For the 2015 Super Bowl there were fewer car advertisements than previous years and from a marketing stand point, mostly duds. Thirty-eight national ad campaigns debuted that were required to turn 60 minutes of sport into four hours of television, 7 from auto makers. In addition, General Motors, Ford and Mini showed previously released advertisement in the 30 minutes prior to … [Read more...] about Super Bowl Auto Maker Ads – Not Quite As Bad As Pass Play on 2 and Goal on the 1, but Close
Started in New York City in 1967 as an offshoot of the Chicago Music Show, the Consumer Electronics Show has grown to capture the interest and intrigue of automakers. Las Vegas now has two auto shows.That, Volkswagen’s unending stream of German-accented apologies, why Ford might not be hitching itself to Google and how you can become an automotive journalist* … after the break! The Consumer Electronics Show is going to the carsCES in Las Vegas will be home to numerous vehicle reveals and an astronomical number of car technology demos.And I’m okay with this.Last night, Volkswagen took the sheet of its BUDD-e and e-Golf Touch concepts (the latter you saw here first!). Chevrolet will officially show its new Bolt EV on Wednesday after being leaked (by accident, we hear) by CNET.It seems all automakers needed to do in order to capture the hearts and minds of those darned Millennials was load the cars up with technology and give them first crack at … [Read more...] about TTAC News Round-up: CES Is an Auto Show Now, Volkswagen Apologizes (Again), and Do You Want to Be an Automotive Journalist?
No, you aren’t seeing things this morning. Chevrolet announced late Wednesday night a five-door version of their staple compact Cruze will be heading to Detroit for the 2016 North American International Auto Show — and they published some photos to prove it.The first-generation Cruze, while available as a hatchback in other markets, was never marketed as a five-door in North America. The addition of a the new hatchback looks to fix that for the Cruze’s second generation.As a current owner of the long-forgotten Saturn Astra, this intrigues me.It was thought that General Motors might fill the compact hatchback-sized hole in its lineup with a Buick rebadge of the Opel Astra. In China, the tri-shield is enticing; in America, not so much (unless there’s a $3,000 on-the-hood cash incentive). So, General Motors decided against bringing its Chinese-rebadge Buick Verano GS stateside and we’ll be seeing the Cruze hatchback on our shores … [Read more...] about Chevrolet Unwraps 2017 Cruze Hatchback Before Detroit, On Sale This Fall
Canadian auto sales increased 3% to the third-highest January in the country’s total in 2015 despite downgraded passenger car volume and limited SUV/crossover growth.The Ford brand began 2015 where it left off in 2014: as Canada’s best-selling auto brand. Blue Oval car sales plunged 26%, an extreme example of an overarching trend in the Canadian market, but a rising F-Series lifts all boats.F-Series volume jumped 15%. Overall, Ford sales were up 1%. Total Lincoln-included Ford Motor Company volume was up only slightly, rising 0.4%, as Lincoln sales plummeted 27%. • Elantra tops list of best-selling cars • RAV4 outsold all SUVs and crossovers • Pickup trucks generated 20.6% of auto industry volumeFCA, the automaker formerly known as the Chrysler Group, began 2015 where it began 2014: as Canada’s best-selling manufacturer overall. Outselling FoMoCo by nearly 3500 units and General Motors by nearly 6500 units, FCA generated 86% of their January … [Read more...] about January 2015 Canada Auto Sales Recap – Pickups Earn 21% Market Share