Honda Motor Company has struggled with chip shortages and COVID outbreaks that have hampered production. In February, the Japanese automaker said the chip shortage was bottoming out but would probably drag on through the second half of this year. Financial…
Toyota Motor Corporation posts financial results for the January-to-March quarter on Wednesday, May 10, the automaker’s fourth quarter of its 2022 fiscal year. Like its Asian competitors, Toyota Motor North America has had one of the lowest inventory levels in…
Sales into large fleets, not including sales into dealer and manufacturer fleets, increased 38.6% year over year in April to 214,362 units, according to an early estimate from Cox Automotive. Combined sales into large rental, commercial, and government fleets have…
Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) decreased 3.0% in April from March. The Manheim Used Vehicle Value Index (MUVVI) dropped to 230.8, down 4.4% from a year ago. “While values increased 8.6% through the first…
As our team has noted consistently this year, the economy’s fundamental issues revolve around inflation and the high-and-increasing interest rates being applied to stop inflation. Yesterday, the Fed moved rates higher again for the 10th time in a row. If…
Stellantis is struggling in the U.S., one of its most important markets, with bloated inventories and underperforming sales. How that impacts the overall company will be revealed—in part—on Wednesday, May 3, when the automaker reports its shipments and revenues. The…
Driven partly by strength from its electric vehicles, Ford Motor Co. could deliver better-than-expected financial results for the first quarter of 2023 when it reports them on Tuesday, May 2. Wall Street analysts expect a year-over-year decline in earnings on…
Hyundai Motor Company, which includes the Hyundai, Kia and Genesis brands, had a stellar first quarter in the U.S., with sales growth far outpacing the industry, despite low inventories, particularly for Kia. The automaker slashed incentives to historic lows, while…
Lately, General Motors has made a habit of beating analysts’ forecasts, and it may well happen again when the Detroit automaker reports 2023 first-quarter earnings before the stock market opens Tuesday, April 25. Analysts expect GM earnings to be lower…
The latest Cox Automotive analysis of Xtime metrics shows that service activity increased significantly month over month in March at U.S. franchised dealerships. The Repair Order Volume Index is lower than in March 2022, when service business was booming, but the…
