February new car registrations are out, published by EU auto manufacturer umbrella organization ACEA. EU passenger car registrations were up 7.3 percent for the month, again mostly driven by a re-awakening South (Spain +26.1 percent, Italy +13.2 percent). Germany (+6.6 percent) and France (+4.5 percent) finally show a little life. [Continue Reading]
You may not notice it in the U.S. , where auto sales are heading towards pre-carmageddon heights, but globally, automakers are slowing down. With the exception of the U.S., auto markets around the world have either cooled of, or are downright miserable. Global automakers are adjusting their plans. [Continue Reading]
The Japanese new car market closed the year on an up note. The year 2014 ended up 3.5 percent to 5,562,887 units registered in Japan January through December. December sales across all segments were up 2.1 percent. This according to consolidated data reported by Japanese industry associations.
Executive summary: The big JDM implosion did not happen. [Continue Reading]
Auto sales in Japan surged 29.4 percent year-on-year as consumers race to lock-in lower taxes. In April, the country’s sales tax rate will go to 8 percent from 5 percent, causing a boomlet as purchases of high ticket items such as cars, houses, and jewelry are pulled forward. [Continue Reading]
Powered by a rebounding Japanese economy, and most of all by car buyers who want to beat the sales tax rise coming in April 2014, the Japanese new car market was up a strong 17.3 percent in October, data of the Japan Automobile Dealers Association and the Japan Mini Vehicles Association show.
Sales of regular vehicles and those of mini vehicles rose in tandem, both up more than 17 percent. Sales of Honda were up nearly 50 percent. Complete data are here.
European car sales are having the worst year ever recorded, says the EU auto manufacturer association ACEA. Sales are set to be down for the sixth straight year. The EU, formerly the world’s largest car market, is a distant third after China and the U.S.A. Many hopes and projections are pinned on a turn-around. But will the EU auto market turn around? I don’t think so, and here is why.