With the computer chip shortage easing since last year, American Honda Motor saw improved production and higher inventory. Better product availability has led to substantially higher U.S. sales of late and should help boost Honda Motor’s overall revenue when quarterly results are reported Nov. 9. Inventory on core models, in particular, improved significantly, prompting a … Continued
To echo remarks by Nissan’s U.S. sales chief regarding recent quarterly vehicle sales, what a difference inventory makes. Indeed, having much-improved inventory after last year’s computer chip shortage resulted in substantial sales increases for Nissan and Infiniti in the U.S. and should benefit Nissan Motor globally when quarterly financial results are posted on Nov. 9. … Continued
Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) decreased 2.3% in October from September. The Manheim Used Vehicle Value Index (MUVVI) dropped to 209.4, down 4.0% from a year ago. “October revealed some not-so-spooky price moves, namely a reversal of the gains that were seen during the prior two months,” said Chris … Continued
In October, sales into large rental, commercial, and government fleets declined compared to the previous year. An analysis of Bobit’s data by Cox Automotive revealed that there was a 10.4% drop in sales to large fleets (excluding dealer and manufacturer fleets) in October, with 162,590 units sold. In addition, sales to commercial fleets decreased by … Continued
Toyota reported improved U.S. sales in the latest quarter, with most models showing gains despite having among the lowest inventory levels in the industry. In Japan, Toyota Motor Corp. posts financial results Oct. 31 for the July-to-September quarter, the automaker’s second quarter of its 2024 fiscal year. Toyota’s U.S. sales for the quarter rose 12%, … Continued
Stellantis reports global deliveries and revenues on Oct. 31 and will be grilled by analysts about the impact the UAW strike had on its operating profit, which will take the biggest hit in the fourth quarter. The UAW went on strike against GM, Ford and Stellantis on Sept. 15, taking down one assembly plant for … Continued
Editor’s note: On the evening of Wednesday, Oct. 25, after this post was published, Ford and the UAW reached a tentative agreement on a new four-year contract. The contract has not been ratified by the UAW membership, but striking Ford workers will be going back to work, ending the production stoppages in Michigan, Kentucky and … Continued
South Korea’s Hyundai Motor Company, which includes the Hyundai, Kia and Genesis brands, has been having a stellar year for growth. In 2019, Hyundai Motor ranked No. 7 in total U.S. sales. In the third quarter, it was No. 4, passing Stellantis, Honda and Nissan and lagging No. 3 Ford Motor Co. by only 66,000 … Continued
The UAW strike against GM and the other Detroit automakers will overshadow what had been expected to be a solid quarter for the automaker, which reports third-quarter financial results before the stock market opens on Tuesday, Oct. 24. The UAW strike started Sept. 15 against three U.S. assembly plants, one for each automaker. GM’s Wentzville, … Continued
According to a recent analysis by Cox Automotive of Xtime metrics, service activity at franchised dealerships in the U.S. declined month over month in September to 82.5, falling 10.5% from August and to the lowest level since April 2023. The Repair Order Volume Index was also lower year over year in September, down 4.3% from … Continued
