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China is the latest country to investigate possibly ending the sale of gas and diesel vehicles. According to the state's Xinhua News Agency, deputy industry minister Xin Guobin told an auto industry forum over the weekend has started "research on formulating a timetable to stop production and sales of traditional energy vehicles." “Some countries have made a timeline for when to stop the production and sales of traditional fuel cars,” said Guobin. “The ministry has also started relevant research and will make such a timeline with relevant departments. Those measures will certainly bring profound changes for our car industry’s development.” This move is not really surprising when you take into consideration China's major cities have suffered from extreme air pollution. Some of this comes down vehicle emissions. But there are also various industrial sites using coal and other fuels that provide a fair amount of pollution. Both local and national governments have been working on ways to help cut back on pollution. One of those ways is China requiring automakers to have 20 percent of new car sales by 2025 be made up of hybrid and electric vehicles. Both France and Great Britain have announced plans to halt sales of new gas and diesel powered vehicles by 2040. Source: Associated Press, Reuters View full article -
China Considers Ending Sales of Gas and Diesel Vehicles
William Maley posted an article in Automotive Industry
China is the latest country to investigate possibly ending the sale of gas and diesel vehicles. According to the state's Xinhua News Agency, deputy industry minister Xin Guobin told an auto industry forum over the weekend has started "research on formulating a timetable to stop production and sales of traditional energy vehicles." “Some countries have made a timeline for when to stop the production and sales of traditional fuel cars,” said Guobin. “The ministry has also started relevant research and will make such a timeline with relevant departments. Those measures will certainly bring profound changes for our car industry’s development.” This move is not really surprising when you take into consideration China's major cities have suffered from extreme air pollution. Some of this comes down vehicle emissions. But there are also various industrial sites using coal and other fuels that provide a fair amount of pollution. Both local and national governments have been working on ways to help cut back on pollution. One of those ways is China requiring automakers to have 20 percent of new car sales by 2025 be made up of hybrid and electric vehicles. Both France and Great Britain have announced plans to halt sales of new gas and diesel powered vehicles by 2040. Source: Associated Press, Reuters -
Analysts believed that August was going to be the month the auto industry would post its first year-over-year increase for 2017. But then Hurricane Harvey hit Texas, leaving a path of destruction and extensive flooding. Sales for the month would drop 1.9 percent to 1.48 million vehicles when compared to the same month a year ago. "Harvey will also depress one of the most critical selling periods of the year, spanning the August sales month close and Labor Day weekend. In 2016, these 11 days alone accounted for 4.1% of retail sales, or 580,000 units, nationally,” LMC Automotive said in a report. But analysts believe sales - new and used - will bounce back in September. "We expect the recovery in vehicle sales to be quick. People need transportation to get their lives back in order, and in Houston, that transportation is the automobile," said Jonathan Smoke, chief economist for Cox Automotive. Estimates from Kelly Blue Book puts the amount of vehicles damaged in Harvey between 300,000 to 500,000. As people get their checks from insurance companies and begin the process of finding a replacement vehicle, automakers are redirecting vehicles to their dealers in Texas. Because of this, Kelly Blue Book has bumped up their sales outlook for the year to top 17 million new vehicles sold. Whether this pans out or not remains to be seen, especially as Hurricane Irma is projected to hit Florida sometime this weekend. Source: Detroit Free Press View full article
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Analysts believed that August was going to be the month the auto industry would post its first year-over-year increase for 2017. But then Hurricane Harvey hit Texas, leaving a path of destruction and extensive flooding. Sales for the month would drop 1.9 percent to 1.48 million vehicles when compared to the same month a year ago. "Harvey will also depress one of the most critical selling periods of the year, spanning the August sales month close and Labor Day weekend. In 2016, these 11 days alone accounted for 4.1% of retail sales, or 580,000 units, nationally,” LMC Automotive said in a report. But analysts believe sales - new and used - will bounce back in September. "We expect the recovery in vehicle sales to be quick. People need transportation to get their lives back in order, and in Houston, that transportation is the automobile," said Jonathan Smoke, chief economist for Cox Automotive. Estimates from Kelly Blue Book puts the amount of vehicles damaged in Harvey between 300,000 to 500,000. As people get their checks from insurance companies and begin the process of finding a replacement vehicle, automakers are redirecting vehicles to their dealers in Texas. Because of this, Kelly Blue Book has bumped up their sales outlook for the year to top 17 million new vehicles sold. Whether this pans out or not remains to be seen, especially as Hurricane Irma is projected to hit Florida sometime this weekend. Source: Detroit Free Press -
Volkswagen has gotten the approval on a fix for their older first-generation 2.0L TDI models involved in the diesel emission scandal. Now they're waiting for Federal officials to give the go ahead for the automaker to begin selling these vehicles. When that approval comes, Volkswagen's head of North America Hinrich Woebcken says they have a plan to get them to dealers. Speaking with Automotive News, Woebcken said the company would slowly release the 2.0L TDI vehicles to their 652 dealers in the U.S. Dealers will get a "right of first refusal" for models that were returned through their dealerships. The slow release is to try and keep the residual values somewhat stable. Dealers are excited to start selling these fixed vehicles according to Woebcken. "There is, of course, a community of customers who would like to take a look at these cars, once they fulfill the regulations, and that's why we are pretty optimistic that we will have a successful remarketing of those cars," said Woebcken. The first-generation 2.0L TDI models require a more extensive fix than the second-generation 2.0 TDI with new hardware and software. However, not all of the first-generation 2.0L TDI models will be fixed. Herbert Diess, global head of the Volkswagen brand said some of the higher-mileage models would be scrapped. "If the mileage is too high and the residual value is too low, it doesn't make sense anymore" to fix them. But the majority of the cars are going to be resold," said Diess. Source: Automotive News (Subscription Required) View full article
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Volkswagen has gotten the approval on a fix for their older first-generation 2.0L TDI models involved in the diesel emission scandal. Now they're waiting for Federal officials to give the go ahead for the automaker to begin selling these vehicles. When that approval comes, Volkswagen's head of North America Hinrich Woebcken says they have a plan to get them to dealers. Speaking with Automotive News, Woebcken said the company would slowly release the 2.0L TDI vehicles to their 652 dealers in the U.S. Dealers will get a "right of first refusal" for models that were returned through their dealerships. The slow release is to try and keep the residual values somewhat stable. Dealers are excited to start selling these fixed vehicles according to Woebcken. "There is, of course, a community of customers who would like to take a look at these cars, once they fulfill the regulations, and that's why we are pretty optimistic that we will have a successful remarketing of those cars," said Woebcken. The first-generation 2.0L TDI models require a more extensive fix than the second-generation 2.0 TDI with new hardware and software. However, not all of the first-generation 2.0L TDI models will be fixed. Herbert Diess, global head of the Volkswagen brand said some of the higher-mileage models would be scrapped. "If the mileage is too high and the residual value is too low, it doesn't make sense anymore" to fix them. But the majority of the cars are going to be resold," said Diess. Source: Automotive News (Subscription Required) -
Maserati North America, Inc. - Up 15.1% (1,103 Vehicles Sold This Month, 8,884 Vehicles Sold This Year) Mitsubishi Motors North America - Up 11.3% (8,164 Vehicles Sold This Month, 70,765 Vehicles Sold This Year) Volkswagen of America - Up 9% (32,015 Vehicles Sold This Month, 220,344 Vehicles Sold This Year) General Motors Co. - Up 7.5% (275,552 Vehicles Sold This Month, 1,916,105 Vehicles Sold This Year) Toyota Motor North America - Up 6.8% (227,625 Vehicles Sold This Month, 1,604,847 Vehicles Sold This Year) Subaru of America, Inc. - Up 4.6% (63,215 Vehicles Sold This Month, 423,728 Vehicles Sold This Year) Volvo Cars of North America, LLC - Up 4.1% (7,994 Vehicles Sold This Month, 49,066 Vehicles Sold This Year) Audi of America - Up 2.8% (19,811 Vehicles Sold This Month, 141,606 Vehicles Sold This Year) Jaguar Land Rover North America - Up 1% (9,421 Vehicles Sold This Month, 75,006 Vehicles Sold This Year) Mazda North American Operations - Down 1% (25,846 Vehicles Sold This Month, 194,559 Vehicles Sold This Year) Kia Motors America - Down 1.7% (53,323 Vehicles Sold This Month, 405,462 Vehicles Sold This Year) Ford Motor Company - Down 2.1% (209,897 Vehicles Sold This Month, 1,711,211 Vehicles Sold This Year) American Honda Motor Co. - Down 2.4% (146,015 Vehicles Sold This Month, 1,088,881 Vehicles Sold This Year) BMW Group U.S. - Down 8.2% (28,001 Vehicles Sold This Month, 225,655 Vehicles Sold This Year) Mercedes-Benz USA - Down 8.5% (29,183 Vehicles Sold This Month, 237,775 Vehicles Sold This Year) Porsche Cars North America, Inc. - Down 9.1% (4,709 Vehicles Sold This Month, 36,178 Vehicles Sold This Year) FCA US LLC - Down 11% (176,033 Vehicles Sold This Month, 1,404,872 Vehicles Sold This Year) Nissan North America - Down 13.1% (108,326 Vehicles Sold This Month, 1,056,309 Vehicles Sold This Year) Hyundai Motor America - Down 25% (54,310 Vehicles Sold This Month, 454,733 Vehicles Sold This Year) Brands: Acura - Down 7.8% (13,132 Vehicles Sold This Month, 101,180 Vehicles Sold This Year) Alfa Romeo - Up 2,891% (1,140 Vehicles Sold This Month, 6,084 Vehicles Sold This Year) Audi - Up 2.8% (19,811 Vehicles Sold This Month, 141,606 Vehicles Sold This Year) BMW - Down 7.7% (23,553 Vehicles Sold This Month, 194,604 Vehicles Sold This Year) Buick - Down 22.5% (16,811 Vehicles Sold This Month, 143,093 Vehicles Sold This Year) Cadillac - Down 8.1% (15,016 Vehicles Sold This Month, 98,316 Vehicles Sold This Year) Chevrolet - Up 11.4% (196,007 Vehicles Sold This Month, 1,316,391 Vehicles Sold This Year) Chrysler - Down 33% (12,652 Vehicles Sold This Month, 128,050 Vehicles Sold This Year) Dodge - Down 2% (43,608 Vehicles Sold This Month, 335,852 Vehicles Sold This Year) Fiat - Down 23% (2,120 Vehicles Sold This Month, 19,046 Vehicles Sold This Year) Ford - Down 2.0% (201,189 Vehicles Sold This Month, 1,637,291 Vehicles Sold This Year) Genesis - Up 20.4% (1,803 Vehicles Sold This Month, 13,366 Vehicles Sold This Year) GMC - Up 12.4% (47,718 Vehicles Sold This Month, 358,305 Vehicles Sold This Year) Honda - Down 1.8% (132,883 Vehicles Sold This Month, 987,701 Vehicles Sold This Year) Hyundai - Down 25.5% (52,507 Vehicles Sold This Month, 441,367 Vehicles Sold This Year) Infiniti - Up 5.2% (10,986 Vehicles Sold This Month, 100,969 Vehicles Sold This Year) Jaguar - Down 6% (3,101 Vehicles Sold This Month, 26,932 Vehicles Sold This Year) Jeep - Down 15% (73,191 Vehicles Sold This Month, 548,833 Vehicles Sold This Year) Kia - Down 1.7% (53,323 Vehicles Sold This Month, 405,462 Vehicles Sold This Year) Land Rover - Up 4.8% (6,320 Vehicles Sold This Month, 48,074 Vehicles Sold This Year) Lexus - Down 0.4% (30,801 Vehicles Sold This Month, 193,463 Vehicles Sold This Year) Lincoln - Down 5.8% (8,708 Vehicles Sold This Month, 73,920 Vehicles Sold This Year) Maserati - Up 15.1% (1,103 Vehicles Sold This Month, 8,884 Vehicles Sold This Year) Mazda - Down 1% (25,846 Vehicles Sold This Month, 194,559 Vehicles Sold This Year) Mercedes-Benz - Down 8.2% (28,954 Vehicles Sold This Month, 235,381 Vehicles Sold This Year) MINI - Down 10.5% (4,448 Vehicles Sold This Month, 31,051 Vehicles Sold This Year) Mitsubishi - Up 11.3% (8,164 Vehicles Sold This Month, 70,765 Vehicles Sold This Year) Nissan - Down 14.8% (97,340 Vehicles Sold This Month, 955,340 Vehicles Sold This Year) Porsche - Down 9.1% (4,709 Vehicles Sold This Month, 36,178 Vehicles Sold This Year) Ram Trucks - Down 2% (43,322 Vehicles Sold This Month, 367,007 Vehicles Sold This Year) Smart - Down 35.1% (229 Vehicles Sold This Month, 2,394 Vehicles Sold This Year) Subaru - Up 4.6% (63,215 Vehicles Sold This Month, 423,728 Vehicles Sold This Year) Toyota - Up 8% (196,824 Vehicles Sold This Month, 1,411,384 Vehicles Sold This Year) Volkswagen - Up 9% (32,015 Vehicles Sold This Month, 220,344 Vehicles Sold This Year) Volvo - Up 4.1% (7,994 Vehicles Sold This Month, 49,066 Vehicles Sold This Year) *Mercedes-Benz's sales numbers include Mercedes-Benz vans. View full article
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Maserati North America, Inc. - Up 15.1% (1,103 Vehicles Sold This Month, 8,884 Vehicles Sold This Year) Mitsubishi Motors North America - Up 11.3% (8,164 Vehicles Sold This Month, 70,765 Vehicles Sold This Year) Volkswagen of America - Up 9% (32,015 Vehicles Sold This Month, 220,344 Vehicles Sold This Year) General Motors Co. - Up 7.5% (275,552 Vehicles Sold This Month, 1,916,105 Vehicles Sold This Year) Toyota Motor North America - Up 6.8% (227,625 Vehicles Sold This Month, 1,604,847 Vehicles Sold This Year) Subaru of America, Inc. - Up 4.6% (63,215 Vehicles Sold This Month, 423,728 Vehicles Sold This Year) Volvo Cars of North America, LLC - Up 4.1% (7,994 Vehicles Sold This Month, 49,066 Vehicles Sold This Year) Audi of America - Up 2.8% (19,811 Vehicles Sold This Month, 141,606 Vehicles Sold This Year) Jaguar Land Rover North America - Up 1% (9,421 Vehicles Sold This Month, 75,006 Vehicles Sold This Year) Mazda North American Operations - Down 1% (25,846 Vehicles Sold This Month, 194,559 Vehicles Sold This Year) Kia Motors America - Down 1.7% (53,323 Vehicles Sold This Month, 405,462 Vehicles Sold This Year) Ford Motor Company - Down 2.1% (209,897 Vehicles Sold This Month, 1,711,211 Vehicles Sold This Year) American Honda Motor Co. - Down 2.4% (146,015 Vehicles Sold This Month, 1,088,881 Vehicles Sold This Year) BMW Group U.S. - Down 8.2% (28,001 Vehicles Sold This Month, 225,655 Vehicles Sold This Year) Mercedes-Benz USA - Down 8.5% (29,183 Vehicles Sold This Month, 237,775 Vehicles Sold This Year) Porsche Cars North America, Inc. - Down 9.1% (4,709 Vehicles Sold This Month, 36,178 Vehicles Sold This Year) FCA US LLC - Down 11% (176,033 Vehicles Sold This Month, 1,404,872 Vehicles Sold This Year) Nissan North America - Down 13.1% (108,326 Vehicles Sold This Month, 1,056,309 Vehicles Sold This Year) Hyundai Motor America - Down 25% (54,310 Vehicles Sold This Month, 454,733 Vehicles Sold This Year) Brands: Acura - Down 7.8% (13,132 Vehicles Sold This Month, 101,180 Vehicles Sold This Year) Alfa Romeo - Up 2,891% (1,140 Vehicles Sold This Month, 6,084 Vehicles Sold This Year) Audi - Up 2.8% (19,811 Vehicles Sold This Month, 141,606 Vehicles Sold This Year) BMW - Down 7.7% (23,553 Vehicles Sold This Month, 194,604 Vehicles Sold This Year) Buick - Down 22.5% (16,811 Vehicles Sold This Month, 143,093 Vehicles Sold This Year) Cadillac - Down 8.1% (15,016 Vehicles Sold This Month, 98,316 Vehicles Sold This Year) Chevrolet - Up 11.4% (196,007 Vehicles Sold This Month, 1,316,391 Vehicles Sold This Year) Chrysler - Down 33% (12,652 Vehicles Sold This Month, 128,050 Vehicles Sold This Year) Dodge - Down 2% (43,608 Vehicles Sold This Month, 335,852 Vehicles Sold This Year) Fiat - Down 23% (2,120 Vehicles Sold This Month, 19,046 Vehicles Sold This Year) Ford - Down 2.0% (201,189 Vehicles Sold This Month, 1,637,291 Vehicles Sold This Year) Genesis - Up 20.4% (1,803 Vehicles Sold This Month, 13,366 Vehicles Sold This Year) GMC - Up 12.4% (47,718 Vehicles Sold This Month, 358,305 Vehicles Sold This Year) Honda - Down 1.8% (132,883 Vehicles Sold This Month, 987,701 Vehicles Sold This Year) Hyundai - Down 25.5% (52,507 Vehicles Sold This Month, 441,367 Vehicles Sold This Year) Infiniti - Up 5.2% (10,986 Vehicles Sold This Month, 100,969 Vehicles Sold This Year) Jaguar - Down 6% (3,101 Vehicles Sold This Month, 26,932 Vehicles Sold This Year) Jeep - Down 15% (73,191 Vehicles Sold This Month, 548,833 Vehicles Sold This Year) Kia - Down 1.7% (53,323 Vehicles Sold This Month, 405,462 Vehicles Sold This Year) Land Rover - Up 4.8% (6,320 Vehicles Sold This Month, 48,074 Vehicles Sold This Year) Lexus - Down 0.4% (30,801 Vehicles Sold This Month, 193,463 Vehicles Sold This Year) Lincoln - Down 5.8% (8,708 Vehicles Sold This Month, 73,920 Vehicles Sold This Year) Maserati - Up 15.1% (1,103 Vehicles Sold This Month, 8,884 Vehicles Sold This Year) Mazda - Down 1% (25,846 Vehicles Sold This Month, 194,559 Vehicles Sold This Year) Mercedes-Benz - Down 8.2% (28,954 Vehicles Sold This Month, 235,381 Vehicles Sold This Year) MINI - Down 10.5% (4,448 Vehicles Sold This Month, 31,051 Vehicles Sold This Year) Mitsubishi - Up 11.3% (8,164 Vehicles Sold This Month, 70,765 Vehicles Sold This Year) Nissan - Down 14.8% (97,340 Vehicles Sold This Month, 955,340 Vehicles Sold This Year) Porsche - Down 9.1% (4,709 Vehicles Sold This Month, 36,178 Vehicles Sold This Year) Ram Trucks - Down 2% (43,322 Vehicles Sold This Month, 367,007 Vehicles Sold This Year) Smart - Down 35.1% (229 Vehicles Sold This Month, 2,394 Vehicles Sold This Year) Subaru - Up 4.6% (63,215 Vehicles Sold This Month, 423,728 Vehicles Sold This Year) Toyota - Up 8% (196,824 Vehicles Sold This Month, 1,411,384 Vehicles Sold This Year) Volkswagen - Up 9% (32,015 Vehicles Sold This Month, 220,344 Vehicles Sold This Year) Volvo - Up 4.1% (7,994 Vehicles Sold This Month, 49,066 Vehicles Sold This Year) *Mercedes-Benz's sales numbers include Mercedes-Benz vans.
