Last week Ford Motor Company admitted to more troubles with its emissions and fuel economy ratings. Though hardly the first automaker to admit emission testing problems, it’s not Ford’s first time in the bad-news barrel. In 2013 the company was forced to restate fuel economy ratings on a number of products and pay penalties to … Continued
Fiat Chrysler Automobiles N.V. (FCA) today confirmed a number of major manufacturing and product commitments for Michigan and the city of Detroit. The $4.5-billion investment package includes new factories and additional capacity to support products for the Dodge, Jeep and Ram brands. It also includes 6,500 new jobs in the state. A press release from … Continued
Feb. 20, 2019 — Charlie Chesbrough, senior economist for Cox Automotive, writes an opinion piece in The Hill. In the Federal Reserve Bank of New York’s latest report on household credit, we see that at the end of 2018, over 7 million Americans were 90 days or more delinquent on their monthly auto loan payments. Even … Continued
As widely rumored, Amazon announced a sizable investment in the EV-startup Rivian. General Motors had also been rumored to announce an investment but was not part of today’s announcement. Michigan-based Rivian has been in the spotlight since the 2018 Los Angeles Auto Show, where the company showcased two compelling, high-profile electric products, a full-size SUV … Continued
Last year marked the start of Truck Wars with the launch of new full-size pickup trucks from Ram and General Motors taking on the king-of-the-hill Ford F-150. This year, Truck Wars 2 shifts focus to smaller trucks. The 2019 Ford Ranger, a nameplate brought back after a long hiatus, is now on sale and selling … Continued
Warning global sales, including those in the United Sates, and profits will fall below expectations this year, Nissan Motor announced it would take actions to improve its financial results. Nissan CEO Hiroto Saikawa said, for one thing, Nissan would avoid meeting sales targets by using discounts, a strategy that admittedly has hurt its profitability in … Continued
We spent last week at press week for the Chicago Auto Show, which is billed as the largest auto show for consumers in the country. It is open to the public through Feb. 18. While there were no earth-shattering debuts of new vehicles, we did have some observations about the Chicago show. Relevancy of auto … Continued
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 1.62 percent month-over-month in January. This brought the Manheim Used Vehicle Value Index to 135.4, a 3.3 percent increase from a year ago. Looking at trends in weekly Manheim Market Report (MMR) prices, January saw a continued price depreciation trend similar to … Continued
Fiat Chrysler reports earnings Thursday for its fourth-quarter and full-year 2018. Here’s Cox Automotive data on how sales, market share, incentives and prices performed in the quarter. Brand Sales Q4-2017 Q4-2018 2018 Change Alfa Romeo 4,679 5,640 20.5% Chrysler 44,736 38,808 -13.3% Dodge 81,206 99,596 22.6% Fiat 5,240 3,437 -34.4% Jeep 206,280 227,033 10.1% … Continued
General Motors reports earnings Wednesday for its fourth-quarter and full-year 2018. Here’s Cox Automotive data on how sales, market share, incentives and prices performed in the quarter. Brand Sales Q4-2017 Q4-2018 2018 Change Buick 59,401 51,257 -13.7% Cadillac 42,594 41,462 -2.7% Chevrolet 549,691 531,045 -3.4% GMC 155,053 160,525 3.5% Total 806,739 784,289 -2.8% Market … Continued
