The Auto Magazine’s Post

New Post: The Auto Magazine - Volkswagen Commercial Vehicles increases sales revenue, profit and return in 2023 and will launch model offensive in 2024 - https://lnkd.in/dYVZUBe3 Volkswagen Commercial Vehicles is part of the Core brand group – the umbrella organisation of the Volkswagen Group’s high-volume brands – with the aim of ensuring joint growth and significantly increasing the overall efficiency of the five volume brands Volkswagen Commercial Vehicles (VWCV) significantly increased its annual profit for the third consecutive year, achieving a […]

New Post: The Auto Magazine - Volkswagen Commercial Vehicles increases sales revenue, profit and return in 2023 and will launch model offensive in 2024 - https://lnkd.in/dYf98nmz Volkswagen Commercial Vehicles is part of the Core brand group – the umbrella organisation of the Volkswagen Group’s high-volume brands – with the aim of ensuring joint growth and significantly increasing the overall efficiency of the five volume brands Volkswagen Commercial Vehicles (VWCV) significantly increased its annual profit for the third consecutive year, achieving a […]

New Post: The Auto Magazine - Volkswagen Commercial Vehicles increases sales revenue, profit and return in 2023 and will launch model offensive in 2024 - https://lnkd.in/dYf98nmz Volkswagen Commercial Vehicles is part of the Core brand group – the umbrella organisation of the Volkswagen Group’s high-volume brands – with the aim of ensuring joint growth and significantly increasing the overall efficiency of the five volume brands Volkswagen Commercial Vehicles (VWCV) significantly increased its annual profit for the third consecutive year, achieving a […]

New Post: The Auto Magazine - Volkswagen Commercial Vehicles increases sales revenue in 2023 - https://lnkd.in/dJc-MEXh Volkswagen Commercial Vehicles is part of the Core brand group – the umbrella organisation of the Volkswagen Group’s high-volume brands – with the aim of ensuring joint growth and significantly increasing the overall efficiency of the five volume brands Volkswagen Commercial Vehicles (VWCV) significantly increased its annual profit for the third consecutive year, achieving a record value of 873 million euros (previous year: 529 million euros). Year-on-year sales revenue increased by more than 30 per cent to 15.3 billion euros (previous year: 11.5 billion euros). Thanks to the consistent implementation of the GRIP 2030 corporate strategy with the associated Performance […]

New Post: The Auto Magazine - Volkswagen Commercial Vehicles increases sales revenue in 2023 - https://lnkd.in/d3KXxq-D Volkswagen Commercial Vehicles is part of the Core brand group – the umbrella organisation of the Volkswagen Group’s high-volume brands – with the aim of ensuring joint growth and significantly increasing the overall efficiency of the five volume brands Volkswagen Commercial Vehicles (VWCV) significantly increased its annual profit for the third consecutive year, achieving a record value of 873 million euros (previous year: 529 million euros). Year-on-year sales revenue increased by more than 30 per cent to 15.3 billion euros (previous year: 11.5 billion euros). Thanks to the consistent implementation of the GRIP 2030 corporate strategy with the associated Performance […]

Nissan Motor Corporation U.S. dealers - almost 4 in 10 are LOSING MONEY. 2024 H1 is the WORST in 15 years. Nissan Corp was essentially break-even in Q2, while Toyota Motor Corporation, Honda, Subaru reported record profitability. INFINITI Motor Company is barely a competitor to Lexus, Acura, BMW Group, Mercedes-Benz AG, AUDI AG in the U.S. SOME LOWLIGHTS/OBSERVATIONS: - January to June Return on sales 2021 - 4.6% 2022 - 5.6% 2023 - 3.2% 2024 - 1.0% - Profit fell 70% YoY in first half of 2024 - Questionable leadership and culture (far too long) - 5.8% market share is down 1.9 percentage points from 5 years ago - Too much of the wrong inventory, at the wrong time, at the wrong price - Over-dealered - NO HYBRID IN North America! Toyota 29% hybrid of 2.2M sales in U.S. - Toyota North America, American Honda Motor Company, Inc., Hyundai Motor Company (현대자동차), Kia Worldwide, Subaru of America are beating Nissan at just about everything "But I don't see any evidence that Nissan is offering any kind of money to get the dealers to close," Haig said. "I don't think they have the money to do it." Nissan dealers DESERVE BETTER from their OEM business partner, Infiniti included. This has gone on too long. Stop shuffling your floundering executives and bring in new attitudes and creativity, but it ALL STARTS AT THE TOP. PLEASE NOTE: We are currently soliciting for OEM, DEALER GROUP, SUPPLIER, SaaS contracts/other projects. Feel free to reach out to me directly. 416.993.9356 colin@omniautosolutions.com #automotive #automotiveindustry #innovation #branding #technology #business #leadership #nissan #ev #electricvehicle #hybrid

My honest opinion? These car companies should fire all their green/woke boards members, directors, managers. Then put pressure on their respective governments: stop the green mandates or face the consequences. These car companies are very powerful, the fact that they cave in so easily is still baffling to me. Europe economy and societal structures are in grave danger. Once more i will refer to the number one car manufacturer in the world; Toyota. They said no to EV and yes to hybrids. And they just kicked DEI out the door. Failure to do so will result in more layoffs, factory closing, conflict with the Unions. The European car companies should follow that example. Toyota is not the best at what they do by accident. But, hey, what do i know.

60 Days inventory used to be the benchmark, but <45 Days is optimal for both the dealer and OEM. It appears only Toyota Motor Corporation (29 Days) and Lexus (33 Days) learned from Covid and the chip crisis? From Cox Automotive Inc. and Haig Partners....always a quarter delay in inventory reporting by OEMs but the picture paints a thousand words :) Some will espouse Toyota, Lexus, and Honda (43 Days) dealers are losing sales because of low inventory. Industry-leading profitability, franchise values prove otherwise, as does brand/pricing/margin integrity. For most brands, there remains serious inventory concerns that diminish brand and profit through high incentives and intense competition from like and competitive brands. The result is major discounting and margin deterioration for both the OEM and retailer. The taint on brand is exacerbated within luxury manufacturers. ➡ Land Rover - 84 days ➡ Cadillac - 84 days ➡ Mercedes-Benz AG - 88 days ➡ AUDI AG - 91 days ➡ Genesis - 94 days ➡ Volvo Cars - 108 days ➡ Alfa Romeo - 126 days ➡ Jaguar - 131 days ➡ Lincoln Motor Company - 136+ days We recognize EV inventory has piled up due to slowing adoption, but that is only a portion of the problem. Nobody said it would be easy :) Ford Motor Company, General Motors, Volkswagen Group, Nissan Motor Corporation, BMW Group, Hyundai Motor Company (현대자동차), PLEASE NOTE: We are currently soliciting for OEM, DEALER GROUP, SUPPLIER, SaaS contracts/other projects. Feel free to reach out to me directly. 416.993.9356 colin@omniautosolutions.com #automotive #automotiveindustry #innovation #brand #technology #leadership #ev #electricvehicle #retail #oem #hybrid

This definitely needs to be in the used car managers and GM’s pocket. This inventory list can make or break a store’s profitability! Whether or not it’s 100% factual, I’m not sure…..but I know it’s probably close. Every time I appraise a trade and look at the turn rate, I tend to steer low on the heavy days supply vehicles.

How are improved inventories shaping the new-car sales landscape? In May, new-car sales saw a strong uptick due to increased inventories, with notable gains from automakers like Ford Motor Company, Honda, and Hyundai Motor America. Ford's #EV sales surged, Honda achieved its second-best sales month this year, and Hyundai set records for several models. However, dealers now face the challenge of heightened competition. Explore the full report on how these trends are impacting the market and what lies ahead for June. #CarSales #NewCar #AutomotiveIndustry #FordMotor