YoY). Hyundai GroupWe now expect that a more decent recovery will continue in 2023 (+4.9% YoY). We, however, believe that this recovery will be fragile and will not last through 2024. StellantisStellantis’ global output should decline by 2% YoY in Q4 2023, with build constrained by six weeks of UAW strike action from 15 September at the group’s Toledo plants in the US. To a lesser extent, volumes over this period have also been hindered by ...

Market & Tech Reports  Updated at: 2024/01/30

y/y to 14.183 million units.   In November, retail demand was strong and the growth accelerated from the previous month. Sales of Japanese OEMs (particularly Toyota and Honda) were strong, but sales of General Motors, Ford, and Stellantis were sluggish and inventories are increasing. Although the strike ended with the conclusion of wage hike negotiations with the United Auto Workers Union (UAW) at the end of October, the reason for the increase...

Market & Tech Reports  Updated at: 2023/12/26

as 94 mn units/year, slightly lower than the upwardly revised October figure of 95 mn units/year. The market was up 14% YoY and in YTD terms 82 mn vehicles registered, 11% higher than YTD Nov 2022. US sales were helped by agreements being settled between the Detroit 3 OEMs and the union, ending the strikes, along with increased incentives during Thanksgiving and Black Friday. China’s market in November also benefited from heavy incentives and d...

Market & Tech Reports  Updated at: 2023/12/15

which still has a low penetration rate.   United States   New vehicle sales in October were 1.211 million units, reflecting an increase of 2.1% y/y (down 9.8% m/m). Cumulative sales for the January to October period increased 12.9% y/y to 12.941 million units.   It was reported that Ford and the UAW (United Auto Workers) union, six weeks into the strike, had reached a tentative agreement and that the strike at three plants would end at the end...

Market & Tech Reports  Updated at: 2023/11/27

es for the Jan.-Sep. 2023 totaled 880,000 units, or 9.4% market share New CO2 regulations under the Biden administration: 67% BEV ratio assumed for MY2032 California regulation: 100% ZEV ratio in MY2035 Charging network development: GM, Ford, and three Japanese OEMs use Tesla's Supercharger network UAW strike: New labor agreement with Detroit Three GlobalData Sales Forecast: Light vehicle sales in the US will be 16.8 million units in 2026 2...

Market & Tech Reports  Updated at: 2023/11/24

g to a report by GlobalData as of Q3 2023, global light vehicle production in 2023 is estimated to increase by 7.8% y/y to 89 million units. In particular, the better-than-expected performance in China has led to an upward revision of approximately 1.6 million units from the previous forecast. -The UAW strike is hampering production in North America, but overall, the impact has been fully offset by growth in China and India due to higher demand. ...

Market & Tech Reports  Updated at: 2023/10/27

ding the environment in which they are used.   United States   New vehicle sales in September were 1.342 million units, an increase of 19.9% y/y (down 0.1% m/m). Cumulative sales for the January to September period increased 14.2% y/y to 11.730 million units.   September was a month in which the UAW strike against the Detroit 3 had a major impact on the market. Several U.S. media outlets have reported that U.S. auto parts manufacturer organiza...

Market & Tech Reports  Updated at: 2023/10/25

rket displayed another strong month in September, as vehicle sales reached 1.34 mn units, increasing by 19.8% YoY. The selling rate increased significantly in September to 15.8 mn units/year, up from a revised figure of 15.4 mn units/year reported in August. There was no discernible impact from the UAW strikes in September, as OEMs had sufficient inventory to meet demand. Transaction prices remain at an elevated level, but in September the averag...

Market & Tech Reports  Updated at: 2023/10/17

ation of the Inflation Control Act (IRA), there are increasing activities to strengthen domestic production of electric vehicles and batteries. While U.S. manufacturers have showcased BEVs at the North American International Detroit Auto Show in September, there are concerns about the impact of the UAW strike on production. In line with these developments, we will be keeping a close eye on future moves by OEM manufacturers and suppliers.   India...

Market & Tech Reports  Updated at: 2023/09/26

cars to satisfy Mexico’s domestic market demand continues. Until 2017 the ratio of low-priced imported cars to all cars sold in Mexico was around 50%, but in 2019 increased to 65.5%. Mexican light vehicle production and export Mexican light vehicle sales and import   COVID-19 pandemic strikes hard in 2020   In response to the spread of the COVID-19 pandemic in 2020, beginning in March 2020, all automakers sequentially shut down the...

Market & Tech Reports  Updated at: 2020/07/17

(y/y) to 17.180 million units, the year was distinguished by a sustained low unemployment rate and favorable economic conditions symbolized by high stock prices, where the level of vehicle sales exceeded 17 million units for the fifth consecutive year. Even in 2020, GM’s recovery after the labor strike helped the market, and in January and February, the SAAR (seasonally adjusted annualized rate) of more than 17 million units sold continued to ...

Market & Tech Reports  Updated at: 2020/05/20

invest in new products in the China market and at its plants in Brazil, while phasing out production in Russia and India. GM's global sales volumes in 2019 were down 8.0% to 7.72 million units, due in part to the decrease in China market sales and a decline in production in the U.S. due to a 40 day UAW strike from September, 2019. U.S. sales volumes were down 2.3%, while sales of light trucks were up 4.4%, accounting for 86% of all GM’s U.S. li...

Market & Tech Reports  Updated at: 2020/03/11

t comes on stream in 2019. We remain bullish on Hyundai Group’s production outlook in Indonesia – where it plans to construct a new plant – and Vietnam – where its existing assembly plant will be expanded.GM GroupOn September 15 at 11:59 p.m., over 46,000 members of the United Auto Workers (UAW) labor union went on strike at all of GM’s US facilities as a result of a breakdown in contract negotiations. GM and the UAW are at odds over wa...

Market & Tech Reports  Updated at: 2019/11/22

.  As for the consolidated financial results in H1 2013, PSA reported a sales decrease of 3.8% y/y to EUR 27.71 billion, operating loss increased by 27.5% y/y to EUR 65 million and the net loss decreased by 47.9% y/y to EUR 426 million, affected by low demand in the ailing European market and the strike at its Aulnay plant. The automotive division decreased sales by 7.5% y/y to EUR 18.7 billion and reported the operating loss of EUR 650 million...

Market & Tech Reports  Updated at: 2013/09/06