Wed, Apr. 22, 2:29 PM
- 22% of hybrid and electric car owners making a trade-in this year opted to go for a SUV, according to data from Edmunds.com
- The mark stood at 18.8% a year ago and 11.9% three years ago.
- The rate at which hybrid and EV car owners bought another green car fell below 50%.
- Edmunds.com connects the dots to conclude that the level of gas prices in the U.S. was a primary factor in the trade-in trend.
- The break-even point for higher-priced EVs lengthens as gas prices fall.
- Automobile industry analysts think the trend could snap back just as quick with an energy market shock.
- YTD U.S. plug-in sales are up ~2.9%.
- Related stocks: OTCPK:NSANY, TM, HMC, GM, F, TSLA.
Sat, Apr. 18, 9:48 AM
- The roll-out of 4G LTE high-speed wireless connections in all 2016 General Motors (NYSE:GM) models could provide the automaker with new sources of revenue and jump-start tech initiatives of rivals.
- GM sees OnStar 4G leading to e-commerce revenue from transaction splits (fast-food, hotel rooms, entertainment, advertising), services, and data usage.
- Software upgrades pushed out via broadband connections could also save GM money on repair and warranty costs.
- While execs with GM estimate OnStar will generate $350M in profit over the next three years, some analysts have aimed much higher with their projections.
- Gartner sees 10% of all revenue from the automobile industry generated from connected broadband platforms by 2020 - a formidable mark which explains the increasing presence of Apple and Google in the sector.
- Partnerships between Silicon Valley and Detroit are expected to accelerate.
- GM sits in a nice position to defend its turf against the tech heavyweights through its valuable OnStar property - while BMW (OTCPK:BAMXY), Audi (OTCQX:VLKAY), Nissan (OTCPK:NSANY), and Tesla Motors (NASDAQ:TSLA) are also a few steps away from Internet-based revenue streams.
- Other companies which might benefit to a degree from a connected car explosion: MBLY, NVDA, AMBA, SWKS,SBUX, DPZ, T - add your own in the comments.
Thu, Apr. 16, 9:21 AM
- Nissan (OTCPK:NSANY) car registrations +21.3% to 80,824 units in March, according to the European Automobile Manufacturers Association.
- Overall EU registrations +10.6% Y/Y in March, powered by double-digit growth in Spain, Italy, and France. YTD registrations +8.6%.
- Nissan market share: 4.9% vs. 4.5% a year ago.
- Nissan YTD registrations +25.8%.
- EAMA release (.pdf)
Fri, Apr. 10, 11:03 AM
Thu, Apr. 9, 9:19 AM
- Execs with Alcoa gave an inside look at automobile industry demand trends during the firm's earnings call yesterday.
- The company sees pent-up demand in the U.S. and lower gas prices backing a seasonally adjusted selling rate of over 17M units.
- The average fleet age in the U.S. is still over the historic average and inventories are down, they noted.
- Alcoa CEO Klaus Kleinfeld pointed out that China has about 9M vehicles in the road that don't comply with the Clean Air Act and sees upside for Western Europe.
- Alcoa earnings call transcript
- Related stocks: GM, F, FCAU, TM, HMC, OTCPK:NSANY, OTC:HYMLF, OTCQX:VLKAY.
Thu, Apr. 2, 1:30 PM
- A running scorecard of U.S. plug-in electric vehicle sales is being tracked by InsideEVs.com.
- A final tally is expected tomorrow.
- Sales by model as reported: Tesla Model S 2,450 (estimated), Nissan Leaf 1,850, BMW i3 950, Chevrolet Volt 639, Toyota Prius PHV 473, Volkswagen e-Golf 195, Mercedes-Benz B-Class ED 145, BMW i8 143, Cadillac ELR 92.
- Related stocks: TSLA, OTCPK:NSANY, OTCPK:BAMXY, OTCPK:BAMXF, GM, TM, OTCPK:DDAIF.
- EV sales were reported at 12,998 units through February compared to 13,021 a year ago after two months.
Thu, Apr. 2, 12:57 PM
- Nissan (OTCPK:NSANY) CEO Carlos Ghosn tells reporters at the New York Auto Show that he thinks the automaker needs more capacity in North America in the long term.
- Most top-level automobile industry executive have been talking capacity increases in North America rather than tightening.
- Nissan has been drawing solid reviews for the unveiled 2016 Maxima which generates better gas mileage without sacrificing horsepower.
- The new Maxima could put even more pressure on Honda.
Wed, Apr. 1, 1:13 PM
- Nissan (OTCPK:NSANY) unit sales -2.7% to 145,085 units vs. -5% forecast by analysts.
- Sales growth by brand: Nissan -3.0% to 132,560; Infiniti +0.2% to 12,525.
- Sales growth by model: Pathfinder +8.9% to 8,594; Frontier -0.2% to 7,128; Sentra +10.1% to 21,277; Altima -10.9% to 31,993; Leaf -27.5% to 1,817; Infiniti Q50 +2.8% to 3,901; Infiniti QX60 -2.9% to 3,243.
Wed, Mar. 25, 9:41 AM
- U.S. sales for Nissan (OTCPK:NSANY) will fall 8.0% Y/Y to 137.2K in March, according to an estimate from TrueCar.com.
- Nissan's market share is forecast to be 9.0% vs. 9.4% in February and 9.7% a year ago in March.
- Incentive spending by Nissan -5.8% Y/Y and -19.9% M/M to $2,547 per unit vs. the industry average of -1.3% Y/Y and +0.4% M/M.
- Total U.S. new vehicles sales are expected to fall 0.8% Y/Y during March to 1.5247M
Fri, Mar. 20, 11:27 AM
- Nissan (OTCPK:NSANY) has reorganized its sales operations in the U.S. into eight territories from five to help it become more efficient.
- The company also announced a series of management changes impacting the North American business.
- Nissan U.S. sales are up 8.1% through the first two months of the year.
Fri, Mar. 20, 11:10 AM
- A self-driving car from Tesla Motors (NASDAQ:TSLA) would be considered legal in 45 states at the moment, according to analysis from Wired.
- That 90% ratio is expected to change.
- The self-driving issue is likely to be teed up politicians and regulators over the next year as Tesla's new software update pushes up the timetable on the autonomous car concept.
- In Germany, for example, an explicit ban exists on autonomous driving.
- Another riveting puzzle: How does the software code get tested?
- There's also the question of what the insurance industry will have to say about the burgeoning technology and how much advanced sensor components will cost.
- Automobile experts think some functions such as self-parking, car retrieval features, and collision prevention technology will be approved federally and locally - while the full Muskonian dream may be a reach.
- BMW (OTCPK:BAMXY), Google (NASDAQ:GOOG), Audi (OTCQX:VLKAY), Mercedes-Benz (OTCPK:DDAIF), and Nissan (OTCPK:NSANY) are the other companies/brands out in front with self-driving car development.
- The Detroit Three (GM, F, FCAU) are mainly just kicking the tires on the concept.
- Previously: Tesla Motors talks range and self-driving features (Mar. 19 2015)
Wed, Mar. 18, 6:57 AM
- State TV in China has launched its 2nd expose on Volkswagen (OTCQX:VLKAY) of the week.
- The German automaker is accused by CCTV of ignoring consumer complaints of dangerous oil leaks within the engine.
- Last weekend, CCTV's 3.15 consumer rights show hit Volkswagen, Nissan (OTCPK:NSANY), and Mercedes-Benz (OTCPK:DDAIF) over repair and parts pricing.
- Retail analyst Rahul Sharma notes that it's no coincidence the government is also for sales improvement for domestic car brands.
Tue, Mar. 17, 8:28 AM
- Nissan (OTCPK:NSANY) car registrations +26.7% to 39,389 units in February, according to the European Automobile Manufacturers Association.
- Overall EU registrations +7.3% Y/Y in February, led by double-digit growth in Spain, Italy, and the U.K. YTD registrations +7.0%.
- Nissan market share: 4.1% vs. 3.5% a year ago.
- Nissan YTD registrations +30.5%.
- EAMA release (.pdf)
Mon, Mar. 16, 9:38 AM
- TrueCar expects Japanese automakers (OTCPK:NSANY, TM, HMC, OTCPK:MZDAY, OTCPK:SZKMY, OTCPK:FUJHY, OTCPK:MMTOF) to offer a higher level of incentives in March in order to hit annual sales targets with their fiscal year ending March 31.
- Data from TrueCar indicate the aggressive positioning by Japanese automakers is having an impact on pricing in the broad automobile market.
- Incentive spending per unit in the U.S. fell 2.9% Y/Y in February.
Wed, Mar. 11, 3:21 PM| Comment!
Tue, Mar. 10, 7:05 AM
- Automobile sales in China are up 8.7% Y/Y to 3.43M units after the first two months of the year, according to the China Association of Automobile Manufacturers.
- Analysts tend to look at the two months together to smooth out the impact from the Chinese New Year holiday.
- YTD sales growth by manufacturer: GM (NYSE:GM) flat, Audi (OTCQX:VLKAY) +10.5%, Honda (NYSE:HMC) -7.6%, Ford (NYSE:F) +14.6%, Toyota (NYSE:TM) +13.6%, Nissan (OTCPK:NSANY) +11.7%, BMW (OTCPK:BAMXY) +2.7%.
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