Honda Motor Co. in Japan reports its financial results for the April-to-June quarter Wednesday, Aug. 4. The quarter is Honda’s first in its fiscal year that ends March 31, 2022. In the U.S., American Honda, which includes the Honda and Acura brands, far outperformed the industry in sales, setting new highs and gaining market share. … Continued
The video below is part of a biweekly Auto Market Report series focusing on data and insights that provide a holistic view of the auto industry. Chief Economist Jonathan Smoke leads our effort to translate data and trends into actionable insights. Download this week’s presentation.
Stellantis reports second-quarter 2021 financial results Tuesday, Aug. 3. Formed by the merger of Fiat Chrysler and PSA (Peugeot) Group early this year, Stellantis posted higher U.S. sales in the quarter, though its increase was less than the overall market. Still, Stellantis, usually a big spender, slashed incentives by a third and experienced new highs … Continued
The growth trend in new daily COVID-19 cases continued last week. Consumer sentiment declined in July, but measures of consumer attitudes in July showed conflicting trends. Consumer spending improved in June even as government transfer payments declined. Inflation in June was at the highest level in more than a decade. The savings rate declined but … Continued
In this summer of low incentives, consumers are facing record-high vehicle prices. Inventories are low and many vehicles are being sold at or above the manufacturer’s suggested retail price (MSRP). While interest rates remain favorable and help the bottom line of most deals, incentive spending has dropped off notably in 2021, putting pressure on vehicle … Continued
U.S. monetary policy was unchanged today as the Fed issued their official statement following their fifth meeting of 2021. Minimal changes were made in the official statement compared to the prior statement. They acknowledged progress towards the conditions necessary to eventually move away from easy monetary conditions but said they will continue to assess progress … Continued
Ford Motor Co. reports second-quarter 2021 earnings Wednesday, July 28, after the stock market closes. The global computer chip shortage has severely hampered Ford’s vehicle supply. Ford has cut production and built vehicles and parked them until chips are available. On the plus side, high consumer demand and low inventories have allowed Ford to drastically … Continued
Nissan Motor Co. in Japan reports its financial results for the April-to-June quarter Wednesday, July 28. The quarter is Nissan’s first in its fiscal year that ends March 31, 2022. Nissan has been forced to cut production in Japan and the U.S. due to the global computer chip shortage, but, in the U.S., it has … Continued
The trend in new daily COVID-19 cases continued increasing last week. Consumer sentiment declined again and is having its worst month since November. Wholesale used vehicle values continue to decline from their peak in early June. Retail prices are likely to reach their peak this month. New construction trends in June were mixed, but declining … Continued
Used-vehicle prices set another record at the end of June, according to a Cox Automotive analysis of vAuto Available Inventory data. 2.40M Total UnsoldUsed Vehiclesend of June 40 Days’ Supply $25,093 Average Listing Price 68,700 Average Mileage Topline data revised August 18. Story content has not changed. The average listing price for used vehicles surpassed … Continued