The Auto Magazine’s Post

New Post: The Auto Magazine - Stellantis is On-track on Electric sales to meet new EU regulation, with Strong October performance - https://lnkd.in/eaxHDw3A Though overall industry sales have declined in recent months, Stellantis’ strong performance in select brands and countries underscores its ability to navigate tough market conditions. In a slowing electrified market, Stellantis reported significant growth thanks its broad BEV, PHEV, and MHEV offerings. BEVs captured a 12.5% share in the EU29 in October, with 1.2% sales […]

Mexico's Automotive Industry Accelerates to 7-Year High 🚗 Mexico's automotive sector saw its best November since 2016, with 147,971 units sold, up 14.3% year-over-year. Nissan, General Motors, and Volkswagen led the market, while new players like Chinese automaker Foton made a significant impact. Key trends include rising demand for electric and hybrid vehicles, sales resilience post-pandemic, and a strong finish expected for 2024. Stay ahead of the curve and explore the full analysis on Mexico Business News

Mexico's Automotive Industry Accelerates to 7-Year High 🚗 Mexico's automotive sector saw its best November since 2016, with 147,971 units sold, up 14.3% year-over-year. Nissan, General Motors, and Volkswagen led the market, while new players like Chinese automaker Foton made a significant impact. Key trends include rising demand for electric and hybrid vehicles, sales resilience post-pandemic, and a strong finish expected for 2024. Stay ahead of the curve and explore the full analysis on Mexico Business News

The  Volkswagen Group announced a strategic review of its sales model for  electric vehicles (EVs) in several European markets. While the long-term goal remains a “Direct to Customer” approach with a Full Agency model, the company is considering temporarily shifting to an indirect sales model for EVs in specific markets. https://lnkd.in/gXPeK9B3

Renault Group has defied automotive industry trends with a 1.8% rise in Q3 revenues, reaching €10.7 billion, well above the forecasted €10.35 billion. This growth comes despite a 5.6% drop in global sales volumes, thanks to strong demand for Renault’s new, higher-priced hybrid and electric models. Renault's EV's, including hybrids and fully electric cars, made up 47% of sales this quarter, up from less than 40% last year. Amid a tough market where European car sales have slumped, Renault has managed to outperform competitors like Stellantis, who saw more significant declines in volumes. With 10 new launches this year and a strong product line up, Renault is proving its ability to adapt and thrive in challenging conditions. The company remains confident, maintaining its margin guidance for 2024 at 7.5% and keeping its order book healthy as it heads into a crucial final quarter. Renault's marketing team appear to be absolutely smashing it with their latest product launches as everywhere you look, they’re making noise and earning high praise alongside that 👏. #renaultgroup #renault #automotivenews #automaker #automakernews #autonews #automotiveindustry #automotive #marketing

🌍[China Passenger Vehicle Sales Ranking in March 2024] 🚗 🏆 Among brand sales, BYD clinched the top spot with 245,000 units sold in a single month, a remarkable 34.9% year-on-year surge and a staggering 120.9% sequential increase. Additionally, BYD led the quarterly sales chart with 548,000 units, boasting a 13.0% year-on-year growth and capturing an impressive 11.4% market share. 📈 When it comes to model sales, Tesla's MODEL Y stole the spotlight, selling 48,000 units in a single month and securing the top position despite a -12.8% year-on-year dip. Impressively, quarterly sales of the MODEL Y reached 100,000 units, marking a 6.1% year-on-year increase and claiming a 2.1% market share. Global NEVS provides precise market analysis and professional data interpretation to help clients understand industry trends and seize opportunities in the global automotive market. 🔗 Register for free and experience our services: https://lnkd.in/gYTMDmP7

Analysis of Global Light Vehicle Sales (Jan-Sep 2024) 1. Market Leadership: Toyota dominates with 7.9M sales, followed by Volkswagen (6.5M) and Hyundai (5.4M), reflecting strong global leadership in diverse markets. 2. Rise of Chinese Brands: BYD (2.7M), Geely, and Changan are notable players, showcasing China's increasing impact, especially in EVs. 3. Electric Vehicle Segment: Tesla ranks 17th (1.29M), but faces competition from Chinese EV leaders like BYD and startups such as Li Auto and NIO. 4. Premium Brands: Mercedes (1.8M) and BMW (1.7M) remain strong in the luxury segment, maintaining their appeal globally. 5. Smaller Brands: Emerging players like VinFast and traditional niche brands (Ferrari, McLaren) highlight diversification in niche markets. Conclusion: Toyota leads globally, while Chinese brands and EVs continue disrupting traditional players, signaling a shift in market dynamics.

"Under THE ARC PLAN unveiled March 25, Nissan wants to lift annual global sales by 1 million vehicles by the fiscal year ending March 31, 2027". It took Nissan Motor Corporation less than a MONTH to backtrack from it's "PLAN", with massive reductions in sales and profit. Overly optimistic is an UNDERSTATEMENT. We want make it very clear. There are some EXCELLENT, LOYAL NISSAN DEALERS. We feel for them, with significant investments made based on unfulfilled promises for decades. SOME HIGHLIGHTS (LOWLIGHTS) from the article: -- When The Arc was announced, the goal implied worldwide sales of around 4.7 million in three years’ time (2027), a goal that is still below the target set out by Uchida nearly THREE YEARS AGO. -- Nissan’s global sales have steadily fallen from 5.52 million in the fiscal year ended March 2019. -- Uchida’s original comeback plan had the company achieving global operating profit margin of 5 percent and global sales of 5.38 million vehicles in the fiscal year ended March 31, 2024. NOT EVEN IN THE SAME BALLPARK. -- Nissan now expects margin of 4.2 percent and sales of 3.31 million. Enuf said regarding Nissan's decades old struggle. It's too bad because we were BIG Nissan fans growing up. Ford Motor Company, Toyota Motor Corporation, Honda, General Motors, Volkswagen Group #automotive #automotiveindustry #sales #innovation #ecommerce #branding #ai #ev #electricvehicles #technology #business #leadership #disruptor

New Vehicle Sales Records Continue in July The strength in the new vehicle market has continued with a new July record of 99,486 sales. This result is 2.7 per cent higher than the July 2023 result which was the previous highest July on record. FCAI Chief Executive Tony Weber said the result would have exceeded 100,000 if Tesla and Polestar sales were included in the VFACTS numbers. “This is a remarkable achievement in an economy featuring widespread cost of living pressures. It was also interesting to note that while sales in the Business and Government segments were up 13.7 per cent and 37.5 per cent respectively, Private sales were down 4.2 per cent.”..... https://bit.ly/4drjt5R Federal Chamber of Automotive Industries #Australia #Business #Automotive

The balance of power is irreversibly changing in the global automotive industry (Q1, Q2, Q3), and protectionism will not help (Q4). Q1: "Porsche’s third quarter sales recently fell to the lowest figure for this period in 10 years." Q2: "Volkswagen, Porsche’s parent company, has also faced a similar situation, with sales dropping 15% in the third quarter of this year." Q3: "The country’s domestic EV producers such as BYD and Geely have seen a marked surge in demand, which has significantly hit European automakers’ Chinese profits and sales." Q4: "The increasingly tense EU-China trade war has also led several observers to speculate that the Chinese government may impose sanctions on European car manufacturers with significant production facilities in the country including BMW, Audi and Mercedes-Benz." https://lnkd.in/ggJf5cGY