SHANGHAI (Bloomberg) - General Motors Co., Geely Automobile Holdings Ltd. and BYD Co. said the growing demand for automobiles in China outweigh the impact of the end of the fiscal incentives that boosted sales.
Geely and BYD, said today that new models and other government measures to support auto sales offset a higher sales tax announced by the government yesterday. Kevin Wale, president of GM China, said last week the nation's economic growth and a growing group of new car buyers will help increase deliveries in 2011.
Showing posts with label automotive news. Show all posts
Showing posts with label automotive news. Show all posts
Wednesday, December 29, 2010
Car manufacturers say China's demand growth will exceed the end of tax exemptions
What's new in automotive supply chains? Although technology is an enabler, better business practices are resulting in better supply chains these days. Here's a look
When asked "What is new in the automotive supply chain," the Supply Chain Council Inc. (Pittsburgh, PA) and the automotive industry Action Group (AIAG, Southfield, MI) has much to tell. There was talk of management, restructuring strategy issues, and the other spoke of technology standards. Both responses are a good omen for the future, as these are indicative of the incremental improvements in the management of the automobile supply chain (SCM).
Monday, October 18, 2010
2010 U.S. car sales: Better than 2009 but still way below 2007
2010 U.S. car sales: Better than 2009 but still way below 2007
DETROIT -- With three quarters of 2010 in the books, it's time to hazard a guess about how bad full-year U.S. sales will be.
No one can say with any certainty what the next three months will bring. I say “how bad sales will be” because although they will be better than last year's horror, they will be miles away from what the industry considers normal.
Calling on my crystal ball and Ouija board and 55 years of writing about new-car and light-truck sales, I'm looking at 11.5 million for all of 2010.
Yeah, I know the seasonally adjusted annual rate was 12.2 million in September, but 12 million for the year just won't happen. It would take more than 1.1 million sales a month in October, November and December to reach 12 million, and no month this year has reached that total.
The 11.5 million would be 10.2 percent better than 2009, but don't jump for joy. Last year was the worst for sales since 1982.
29 percent below 2007
I think 2007 is a better measuring rod. That was the last of nine consecutive 16-million-plus sales years. The industry then felt that 16 million was the norm for sales. The industry was in for a rude awakening.
Sales in 2007 were 16.2 million. This year's guess of 11.5 million would be 29.0 percent below that. The U.S. auto industry is a long way from recovery.
September deliveries of 959,049 were better than expected, but don't get carried away by the 29 percent increase over last year. September 2009 was the first month after the highly successful cash-for-clunkers incentive program and, naturally, sales were depressed.
Coming back to Earth, September sales were 27 percent below the September 2007 tally. Import-badged vehicles accounted for 55 percent of the total, and the Detroit 3 had 45 percent. Each of the domestics reported a gain, but not enough to catch the foreign makes.
Ford is the leader
Ford Motor Co.'s domestic makes were up a substantial 46 percent for the month, and each of the Chapter 11 twins posted a gain. Chrysler Group jumped 61 percent over an absolutely awful 2009, and GM's four surviving domestic makes were up 11 percent over last year's seven entries. Chevrolet, Buick, Cadillac and GMC sales rose 23 percent.
Market share for the Detroiters rose 1.4 percentage points.
For nine months, imports held a 55 percent share, and the Detroit 3 had 45 percent, the same as in September, and the Detroit 3 gained 1.2 percentage points in market share.
The nine-month total for the industry was 8,621,790, which was 10 percent better than in 2009 but 30 percent worse than in 2007.
September advances for the top import groups were Hyundai-Kia Automotive, 44 percent; Nissan North America, 34 percent; American Honda Motor Co., 26 percent; and Toyota Motor Sales U.S.A., 17 percent.
Among individual brands, the top three spots for the year seem to be pretty well decided: Ford, Chevrolet and Toyota. After nine months, Ford led second-place Chevrolet by about 128,000 sales, and Chevy was nearly 59,000 ahead of third-place Toyota.
DETROIT -- With three quarters of 2010 in the books, it's time to hazard a guess about how bad full-year U.S. sales will be.
No one can say with any certainty what the next three months will bring. I say “how bad sales will be” because although they will be better than last year's horror, they will be miles away from what the industry considers normal.
Calling on my crystal ball and Ouija board and 55 years of writing about new-car and light-truck sales, I'm looking at 11.5 million for all of 2010.
Yeah, I know the seasonally adjusted annual rate was 12.2 million in September, but 12 million for the year just won't happen. It would take more than 1.1 million sales a month in October, November and December to reach 12 million, and no month this year has reached that total.
The 11.5 million would be 10.2 percent better than 2009, but don't jump for joy. Last year was the worst for sales since 1982.
29 percent below 2007
I think 2007 is a better measuring rod. That was the last of nine consecutive 16-million-plus sales years. The industry then felt that 16 million was the norm for sales. The industry was in for a rude awakening.
Sales in 2007 were 16.2 million. This year's guess of 11.5 million would be 29.0 percent below that. The U.S. auto industry is a long way from recovery.
September deliveries of 959,049 were better than expected, but don't get carried away by the 29 percent increase over last year. September 2009 was the first month after the highly successful cash-for-clunkers incentive program and, naturally, sales were depressed.
Coming back to Earth, September sales were 27 percent below the September 2007 tally. Import-badged vehicles accounted for 55 percent of the total, and the Detroit 3 had 45 percent. Each of the domestics reported a gain, but not enough to catch the foreign makes.
Ford is the leader
Ford Motor Co.'s domestic makes were up a substantial 46 percent for the month, and each of the Chapter 11 twins posted a gain. Chrysler Group jumped 61 percent over an absolutely awful 2009, and GM's four surviving domestic makes were up 11 percent over last year's seven entries. Chevrolet, Buick, Cadillac and GMC sales rose 23 percent.
Market share for the Detroiters rose 1.4 percentage points.
For nine months, imports held a 55 percent share, and the Detroit 3 had 45 percent, the same as in September, and the Detroit 3 gained 1.2 percentage points in market share.
The nine-month total for the industry was 8,621,790, which was 10 percent better than in 2009 but 30 percent worse than in 2007.
September advances for the top import groups were Hyundai-Kia Automotive, 44 percent; Nissan North America, 34 percent; American Honda Motor Co., 26 percent; and Toyota Motor Sales U.S.A., 17 percent.
Among individual brands, the top three spots for the year seem to be pretty well decided: Ford, Chevrolet and Toyota. After nine months, Ford led second-place Chevrolet by about 128,000 sales, and Chevy was nearly 59,000 ahead of third-place Toyota.
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