BRIC | CHINA |
AID NEWSLETTER > USA
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USA
LIGHT-VEHICLE SALES
 Volkswagen Group picks itself off the floor, on track for best US sales this year
Volkswagen’s widely anticipated arduous struggle in the US to get back onto its feet after the worst crisis in its history, and its subsequent phoenix like rise from the ashes will likely end up as a classic business school case study.
The view that Volkswagen’s North American vehicle operation, thanks to
dieselgate, has plunged it into what ranks as its worst and potentially life-threatening crisis is without
debate
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USA
 Top
three selling SUVs in US last year came from Japanese manufacturers
Last year’s US Camry sales slipped 9.5 per cent to 388,618 units. But a reflection of last year’s trends, that slack was taken up by a contrasting 11.6 per cent sales gain to a not dissimilar 352,154 units from Toyota’s latest RAV-4. Last year’s US sales story at Honda was largely the same. Last year’s US Accord sales slipped 5.1 per cent to 345,951 units, but that was at least partly offset by a 3.4 per cent sales gain to 357,335 from Honda’s strikingly popular CR-V
SUVCrossover |
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USA
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AID EXCLUSIVE
 Crossover country - Type of car bought by today’s US buyers has changed
Never before in domestic US Light-Vehicles history have so many vehicles been sold as last year. This new 17.5m record, although most featured in media reporting, barely scrapes the surface. That’s chiefly because last year saw a multitude of new all-time records in what still ranks as the world’s second biggest Light-Vehicle market. Perhaps most captivating for market observers and part of a tale now strongly echoed in both China and Europe, last year’s record 6.9 million US sales of
SUV-Crossovers effectively equalled continuously dwindling sales of conventionally bodied passenger cars such as saloons |
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WORLD
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AID EXCLUSIVE
China, the US and Western Europe live up to autoindustry’s ‘pillars of strength’ reputation
Testament to their long-standing reputation as the autoindustry’s genuine powerhouse markets, last year’s combined new car sales in the still vibrant main markets of China, the US and Western Europe alone reached a record 54.3m cars, thus accounting for around eight-in-ten of last year’s global new car sales |
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USA
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DIESELS
 End is near – final hammer blow in VW’s US Dieselgate affair
Volkswagen US Dieselgate settlements – expectation of near imminent “Guilty Plea” linked to binding agreement to pay $4.3bn US criminal and civil fines – VW said “the payment obligations are expected to lead to a financial expense that exceeds the current
provisions
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USA
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Sales share of
SUV-Crossovers, thanks to cheap fuel, zooms to new all-time record. America’s new car sales in the two months to February this year picked up where they left off from last year’s bumper result, with Light-Trucks leaving conventionally bodied passenger cars like Toyota’s sector leading Camry way behind in the dust. |
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USA US consumers, thanks to the return to cheap fuel, are gravitating back in droves to
SUV-Crossovers and Pick-Ups. Given that these vehicles stand out as the most profitable vehicles most car makers sell, couldn’t fail but lift Ford’s US automotive profit balloon into new record orbit. For last year Ford reported a 48.1 per cent jump in pre-tax profits to a record $10.8bn and a company pre-tax margin of 7.2 per cent, rising to a sky-high 10.2 per cent for Ford’s North American region, the major source of last year’s bumper profits
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USA The pace of US Light-Vehicle sales, zooming to a new all time high last year, has put the autoindustry on notice that this still sizzling market, a key engine of global growth during these past two years, is still firing on all cylinders. Recent record vehicle sales activity, compounded by the strengthening value of the US dollar and slowing sales in China, have acted as a strong magnet for exporters of built-up cars in mainly Japan, South Korea and Europe
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Volkswagen’s upmarket Audi brand, this week, conceded to US authorities that its 3.0 litre V6 diesel used in the US in Volkswagen Group cars are equipped with software that contravenes ruling Environmental Protection Agency (EPA) rules |
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The US Light-Vehicle market, despite a slowing
pulse rate, remains on course for 17m plus sales this year. If it turns out
that way, and the chances still look good, that magic level would be reached for only the third time in US
automotive history, thanks to growing consumer confidence, low fuel prices and a flurry of
tempting ongoing deals to shift the metal
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Volkswagen Group stands accused of
manipulating software to circumvent tough US exhaust emission standards for some of the
diesel-fuelled cars it sold in the US, leaving the company highly vulnerable to millions in future
fines and rectification costs
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