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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, 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/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/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 […]

GM Canada Led the Industry in Total Sales and Total Market Share for 2023 Oshawa, Ont. (January 3, 2024) – Chevrolet, Buick, GMC, and Cadillac dealers delivered 263,084 vehicles in 2023, including 65,735 vehicles in the fourth quarter, up 15.4 per cent and 18 per cent, respectively. As a result, GM Canada led the industry in both total sales and total market share for 2023, accounting for 15.0 per cent of the Canadian market, up 0.6 points over 2022. “GM Canada’s incredible sales results in 2023 are a reflection of strong customer demand for the design, technology and functionality of our award-winning products,” said Kristian Aquilina, vice president, sales, service and marketing, GM Canada. “After a couple of years of supply chain challenges, we substantially increased vehicle inventory in 2023 to meet this demand across our brands. We will build on that momentum in 2024, as we continue to launch new vehicles in both ICE and EV segments and focus on delivering an exceptional customer experience.” 2023 Highlights: Chevrolet posted the brand’s best year ever for the all-electric Chevrolet Bolt and Bolt EUV, with 14,075 total sales in 2023, up 121 per cent. Total sales of full-size trucks increased 7.1 per cent, including the Chevrolet Silverado and GMC Sierra. Total sales of small crossovers increased 163.9 per cent year-over-year, including the Chevrolet Trax and Trailblazer, Buick Encore GX and the all-new Envista. Total sales of mid-size SUVs were up 46.7 per cent year-over-year, including the Chevrolet Blazer and Traverse, Buick Envision and GMC Acadia. Cadillac delivered its fourth consecutive year of sales growth, with total sales up 1.8 per cent over 2022. About General Motors Canada General Motors of Canada is headquartered in Oshawa, Ontario and is part of a global company that is committed to delivering safer, better and more sustainable ways for people to get around. In Canada, General Motors markets Chevrolet, Buick, GMC and Cadillac vehicles through our strong Canadian network of dealers, as well as OnStar services. More information can be found at www.gm.ca or by following @GMCanada on Twitter and Instagram.

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

Nissan gives dealers permission to advertise vehicles below invoice price: Filed under: Earnings/Financials,Nissan,Car Buying Continue reading Nissan gives dealers permission to advertise vehicles below invoice price Nissan gives dealers permission to advertise vehicles below invoice price originally appeared on Autoblog on Mon, 13 May 2024 09:20:00 EDT. Please see our terms for use of feeds. Permalink |  Email this |  Comments #car #cars #awesome

Flat Mercedes-Benz 2023 Financials See Sales Slow Automaker reports premium luxury and LCVs hold up against "challenging" economic and logistics environment and that R&D into ICE technology will continue into 2030s as BEV sales stay weak. http://spr.ly/6043nY1xt #Automotive #AutomotiveTechnology #IndustryNews

https://lnkd.in/gSNwHaPf Increased incentive spending, a sharp rebound in inventory and demand for hybrids helped five of the 7 #automakers still reporting monthly sales to post solid gains in February, even as a few brands slipped. Incentive spending rose an estimated 75% on a year-over-year basis to an average of $2,565, according to J.D. Power, including a sharp boost in leasing support, with automakers and dealers seeking to grab market share as inventories continue to recover. Toyota Motor posted its best-ever monthly percentage of hybrid and electric vehicle sales in February. Hybrids and EVs accounted for more than 37% of the automaker’s 184,450 sales between its two brands. Lexus sales were up 17%, while Toyota brand sales rose 16% over last year when both were still inventory-constrained. “Hybrids are just rockin,’” David Christ, head of the Toyota division at Toyota Motor North America, told Automotive News. Christ said consumers are coming into dealerships seeking out hybrids, and because the automaker has inventory on dealer lots again, they are cross-shopping powertrains. “Now that we actually have cars on the lot — even though we don’t have a ton — customers are able to drive a gas product and a hybrid when we have both powertrains in the same car,” Christ said. He said the RAV4 “is probably the best example, where we have a gas powertrain next to a hybrid, and the hybrid is actually in higher demand and shorter supply.” Honda Motor reported a similar trend, with overall sales up 32% to 110,110, and sales of its electrified vehicles reaching a record level for February. Honda brand sales rose 38%, offsetting a 6.1% decline at Acura. February marked a full year of monthly sales gains for the Honda brand. Toyota Motor inventories have climbed 71% and Honda brand stockpiles tripled YoY heading into March. Hyundai also posted a U.S. sales record for February behind higher retail and fleet demand, rising 6% to 60,341, while its sister brand Kia fell for the third consecutive month, down 2.9% to 59,059. Subaru’s sales rose 3.1% to 47,189, its 19th consecutive month of YoY gains. Automakers and dealers continue to boost discounts as inventories recover and to help mitigate higher interest rates and new-vehicle prices. “One of the drivers of higher incentive spending is the increased availability of lease deals, and leasing is growing accordingly,” said Thomas King, president of the data and analytics division at J.D. Power. He said leasing was on pace to account for 23.2% of retail sales in February, up 4.5 percentage points from February 2023. Results from Ford Motor and Volvo are due this week. The rest of the industry reports quarterly results next month. #radio #radioadvertising