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Monday, March 18, 6:43 AM South Korea lashes out at foreign automakers for allegedly colluded on prices. The accusations follow progress Toyota (TM), BMW (BAMXY.PK), Mercedes-Benz (DDAIF.PK), and Volkswagen (VLKAY.PK) have made in cutting into the market share of domestic automakers after trade agreements between South Korea and the U.S. and E.U. 1 Comment [Consumer, Global & FX]
Friday, March 15, 8:47 AM Automobile prices on new vehicles once again lagged overall consumer inflation, down 0.3% M/M in February and only up 1.1% compared to a year ago. Though automakers have been making a big deal on their earnings conference calls about being less promotional in recent quarters, today's CPI report showed the largest monthly drop in new car prices since 2010. 17 Comments [Consumer, U.S. Economy]
Monday, March 11, 6:54 AM More on China auto sales (previous): Another tough couple of months for Japaneses automakers (TM, HMC, NSANY.OB) due to backlash from a China-Japan territorial dispute and military maneuvers, while German brands (BAMXY.PK, DDAIF.PK, VLKAY.PK) perform well. On the domestic front, Chinese automakers continue to only be a factor in the lower-priced segments. Comment! [Consumer, Global & FX]
Tuesday, March 5, 8:45 AM China will become the world's largest market for luxury cars by 2016 after its passes the U.S., according to a new report from McKinsey & Co. The firm sees China's premium car market growing to an annual selling rate of 3M premium cars by 2020. Though China provides an enticing growth opportunity for high-end automobile sellers, the market is also fraught with risk as the government stays involved with many of the joint ventures. Watching the trend: Daimler (DDAIF.PK), BMW (BAMXY.PK), Audi (VLKAY.PK), Acura (TM), Cadillac (GM), Aston Martin, Jaguar Land Rover (TTM), Tesla Motors (TSLA). 6 Comments [Consumer, Global & FX]
Monday, March 4, 12:33 PM Car sales in Germany fell 10% Y/Y which follows up on a 8.5% drop for January. The continued lack of vitality in Europe's most important automobile market sets a dour tone for the Geneva Car Show this week as it's hard to find a forecast for a quick turnaround. Though the trend is particularly hard to swallow for Volkswagen (VLKAY.PK), BMW (BAMXY.PK), and Daimler (DDAIF.PK) trying to boost sales on their home turf, it also affects the automobile sector (GM, F, NSANY.OB, TM, HMC, TSLA) as a whole as it looks toward Germany for answers on the continent-wide demand slump. 2 Comments [Consumer, Global & FX]
Tuesday, February 19, 1:33 PM BMW (BAMXY.PK) recalls 750K cars across the U.S. and other nations to contend with an issue with faulty battery cables. The vehicles covered by the recall include 3-Series sedans and sports wagons from model years 2007-2011. The German automaker has slipped in recent years in rankings of brand reputation, possibly due to an increased pace of recalls. Comment! [Global & FX, Consumer]
Friday, February 15, 11:20 AM BMW (BAMXY.PK) recalls over 30K vehicles to fix an oil leak which could affect the performance of power-assisted braking. The automaker says X5 SUVs from model years 2007 to 2010 are part of the recall. Comment! [Global & FX, Consumer]
Friday, February 1, 1:49 PM BMW (BAMXY.PK) January U.S. sales: +2.3% to 20,195 vehicles. Sales for the BMW brand rose a modest 0.7% Y/Y, while the Mini brand boosted sales by 10.4% to see its best January ever. Comment! [Global & FX, Consumer]
Friday, January 25, 10:53 AM A new consumer survey from J.D. Power indicates that consumers are shifting their buying preferences to picking vehicles with the right technology features and cozy interior design over reliability and safety ratings. One industry insider estimates a shift to leather-wrapped interiors and ambient lighting can add six to eight percentage points to profit margins if executed right. 6 Comments [Global & FX, Consumer]
Wednesday, January 16, 5:06 AM European new-car registrations slumped 16.3% Y/Y to 799,407 vehicles in December, the sharpest decline since October 2010, as high unemployment and an unwillingness by banks to finance consumer purchases took their toll. For 2012, EU sales -8.2% to 12.05M, the steepest annual drop since 1993. GM (GM) and Ford (F) sales in Europe cratered 27% each in December, although Korean brands Hyundai and Kia, with their affordable cars and long warranties, climbed 10.5% and 6.8% respectively. 6 Comments [Global & FX, Top Stories, Consumer]
Tuesday, January 15, 1:00 PM More news from the Detroit Auto Show: 1) The new Lexus IS sedan from Toyota is unveiled to positive initial reviews. The mix of a sporty look, luxury, and performance looks promising. 2) Kia plans to enter the premium sedan market in the U.S. with the 2014 Cadenza model. The automaker hasn't set pricing, but it could be below high-end alternatives. 3) Nissan unwraps its Resonance crossover. The look is called "futuristic." 4) The overall tone from this year's auto confab is that demand for style is back. Sportscars are hot and electric vehicles are not. (previous recaps) 3 Comments [Consumer]
Friday, January 11, 8:53 AM The December sales numbers for BMW (BAMXY.PK) show the German automaker is still making progress with its luxury brands in key global markets. Overall sales were up 15% for the month, paced by outperformance in both China and the U.S. Comment! [Global & FX, Consumer]
Monday, January 7, 2:06 PM Google isn't the only company pushing the self-driving car initiative as Audi (VLKAY.PK) announces it received permission from Nevada to operate a driverless car on roads. Despite the buzz over the concept, early adoption of the technology might not look like much more than new versions of cruise control or self-parking features. But down the road, the sky is the limit. Google already has logged 300K miles of accident-free autonomous driving while Toyota promises to unveil its futuristic vision at the 2013 Consumer Electronics Show. Comment! [Consumer]
Thursday, January 3, 2:48 PM U.S. auto sales wrapup: After all is said and done automakers see 2012 end with close to 14.5M vehicles sold in the U.S., up 13% from 2011. A strong December for Ford, GM, and Chrysler capped off the year, while Japanese automakers improved sales dramatically from last year's earthquake-ravaged mark but fell short of the estimates of analysts. South Korean automakers Kia and Hyundai felt the sales sting from a flap over inflated fuel rating claims, while in the luxury market BMW edged out Audi and Mercedes. On tap: Can the industry sell 15M cars in 2013? 15 Comments [Consumer]
Thursday, December 20, 2012, 2:10 PM Electric Vehicle roundup: 1) Tesla Motors (TSLA -0.6%) sets its pricing for Europe and says in a blog post profits will be uniform across markets. 2) Cadillac (GM +0.2%) will unveil its 2014 ELR model at a major auto show next month. 3) It's a good start for Ford's (F -0.8%) C-Max hybrid; sales and reviews point to a competitive entry into the market. 4) German automakers will bring at least seven new electric models to the market in 2013, led by Volkswagen (VLKAY.PK) and BMW (BAMXY.PK). The Western European plug-in market is forecast to grow to over 70K vehicles sold. 7 Comments [Consumer]
Friday, December 14, 2012, 8:38 AM Are the Big Three (GM, FIATY.PK, F) exiting Europe fast enough? Another month of double-digit (Y/Y) declines in registrations on the continent and ongoing losses don't even tell the whole story. It's a case of the rich getting richer and the poor getting poorer with German automakers Daimler (DDAIF.PK), BMW (BAMXY.PK), and Volkswagen (VLKAY.PK) on the right side of the equation and Detroit's trio stuck in the mud. 4 Comments [Consumer, Global & FX]

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