Tag Archives | Toyota

Price war looms in US auto market as incentives increase

The blog is awarding itself a pat on the back this morning, as its forecast last month for the US auto market seems to have proved more accurate than those of the experts. Under the heading ‘US automakers increase incentives as sales fail to boom’, it forecast: “The blog therefore suspects that March will be […]

Continue Reading

US automakers increase incentives as sales fail to boom

This month is likely to be a very good time to buy a new car in the US.  The reason is that auto manufacturers had believed that a recovery in consumer spending and the economy had become inevitable.  Thus they had built inventories of new cars in anticipation of the sales rush. These are now […]

Continue Reading
US autos Apr12.png

US auto buyers head for fuel efficiency

Every now and then, genuinely good news comes along in terms of consumer demand. Today is one of those days. As the chart above shows, US auto sales in March (red square) were the highest monthly total since March 2007. They also followed relatively strong sales figures for February, which adds to the good news. […]

Continue Reading
US autos Sept11.png

US auto sales continue to disappoint

One characteristic of recessions is that recovery is always ‘just around the corner’. We can see this pattern in today’s US auto market. Since 2009, forecasters have been convinced that sales will quickly return to Supercycle levels of 15-17 million/year. But sadly, by around this time of year, it has become clear that nothing has […]

Continue Reading
US autos Aug11.png

Chrysler warns of China threat

Chrysler CEO, Sergio Marchionne, has issued a wake-up call to Western auto companies about the growth of China’s exports. He warns that they “can’t count on dramatic growth in Asia to drive prosperity“, and suggests that China’s plans to increase auto exports pose an “enormous” risk. Meanwhile, US auto sales disappointed again in July. As […]

Continue Reading
US autos Jul11.png

US auto sales disappoint, again

Time was when US auto sales only rarely dipped below 1.1 million/month. Since the Great Recession began, however, they have only rarely been above this level. Analysts are yet to take this change on board. So June’s 1.05 million figure (red square) was described as a ‘surprise’. Yet as the chart shows, most months this […]

Continue Reading
US autos May11.png

US auto buyers shift towards the New Normal

US auto sales remained stable last month. As the chart shows (red line), they were just above the 1.1 million level. Until the Crisis began in 2008, this was the minimum level for monthly sales, but now it seems to have become more of a maximum. Beneath the surface, some other significant changes are underway: […]

Continue Reading
US autos Apr11.png

US consumers shift to fuel-efficient autos

After 2.5 years of 0% interest rates, $5trn of government stimulus and a payroll tax cut, the US economy is finally beginning to create jobs again. The jobless rate fell last month to 8.8%. And the wider U-6 jobless rate, which includes those unemployed for more than 6 months, fell to 15.7%. In turn, this […]

Continue Reading
EU autos Mar11.png

Auto companies face Japan supply chain problems

EU auto sales remained weak in February, and dependent on just 4 countries. As the chart shows (red line), they followed January in being at the bottom of historical monthly sales. Overall, January and February were down 0.3% versus 2010, with 2 million autos sold: • German sales were up 16% at 435K; France was […]

Continue Reading
US autos Mar11.png

US auto companies lack pricing power

February’s data on US auto sales contained good news, and not such good news, for the chemical industry. • The good news was that sales were relatively strong, as the chart shows (red line), although still below levels seen in the 2005-8 period (black line). • And higher oil prices are supporting sales of more […]

Continue Reading