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[Due to the increasing size of the archives, each topic page now contains only the prior 365 days of content. Access to older stories is now solely through the Monthly Archive pages or the site search function.]

JATO: new diesel car volume in Europe in October dropped 9.9%; 41.4% market share lowest in 10 years

November 24, 2017

New vehicle sales in Europe in October 2017 increased 5.6% year-on-year to 1,202,877 units, according to figures from JATO Dynamics. This is the highest volume recorded for October since 2009, when 1.26 million units were registered. Despite a turbulent 2017, results for the first ten months of the year show an overall increase in registrations of 3.6%, with 13.18 million units registered over the period. This is the highest volume recorded since 2007, when 13.62 million vehicles were registered during the same ten month timeframe.

Growth was driven by increased demand for gasoline, electric and hybrid vehic—and the ongoing strong performance of SUVs. Gasoline vehicle sales rose to 619,300 units, accounting for 51.5% of the market—an increase in market share of 5.1 percentage points. In contrast, demand for diesel vehicles declined, with 498,500 units registered, a decline in volume of 9.9%. As a result, the fuel type accounted for 41.4% of the total market, the lowest market share for October in the last ten years.

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BNEF: Global plug-in vehicle sales surge 63% year-on-year in Q3; China accounted for more than half of total

November 22, 2017

Plug-in electric vehicles sales surged to a record in the third quarter, largely driven by strong demand in China, according to a new report from Bloomberg New Energy Finance (BNEF). Sales of battery-electric vehicles and plug-in hybrids exceeded 287,000 units in the quarter, 63% higher than the same quarter a year ago and up 23% from Q2 2017, BNEF said.

China accounted for more than half of global sales as its market for electric cars doubled amid government efforts to curb pollution.

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Ipsos RDA study finds traditional US dealerships often not prepared for EVs

November 16, 2017

A new study by market research company Ipsos RDA has found that the EV sales process at traditional brand dealers who sell EVs alongside other vehicles, has, in many instances, has not been differentiated from the traditional process and is, in effect, passive. The availability of inventory, as well as critical EV ownership information in-store (from the sales staff or marketing materials) and online, is concerning and leaves shoppers with unanswered questions.

This, by contrast, is not the case with Tesla sales staff, who, advantaged given their EV-only product line, exude a passion for electric vehicles and are equipped with the information needed to help consumers make informed decisions.

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IHS Markit: vehicle miles traveled to increase 65% in key markets by 2040, while vehicle sales slow

November 14, 2017

In a new study, IHS Markit forecasts that vehicle miles traveled (VMT) will by 2040 grow to an all-time high of around 11 billion miles per year (a 65% increase since 2017) in China, Europe, India and the United States—the key markets examined for the study—and will keep growing. At the same time, sales growth of new light-duty vehicles will slow substantially.

A shift from buying cars to buying “mobility” will be a driving force of change in the automotive future, the study says. These findings are part of the baseline scenario (“Rivalry”) in Reinventing the Wheel, a major new multi-client, scenarios-based research initiative by IHS Markit that combines the industry-leading expertise of the company’s energy, automotive and chemical teams to provide a system-wide analysis of the new reality of transportation.

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Volume production of Tesla Model 3 pushed back to late Q1 2018; battery module problems; record loss in Q3 2017

November 02, 2017

In its third-quarter 2017 financial results update, Tesla Motors reported that it is delaying its expected start of volume production—defined here as 5,000 Model 3 vehicles per week—to “late Q1 2018”. The company was earlier targeting that milestone for “some time in 2017”. (Earlier post.)

As first emerged in early October, Tesla has been having production issues with the Model 3, and only delivered 222 units in the third quarter. In the investor update, Tesla ascribed the bulk of the delay to the battery module assembly line at its Gigafactory, where cells are packaged into modules.

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ACEA: data show EU market for electric cars highly fragmented; need for inclusive measures

November 01, 2017

The European Automobile Manufacturers’ Association (ACEA) has published new data demonstrating the correlation between the market uptake of electrically-chargeable vehicles (ECVs) and both GDP and customer incentives. Based on these new findings, ACEA calls for an ambitious but more realistic approach to the electrification of Europe’s car fleet, just before the European Commission releases its proposal for post-2021 CO2 targets for passenger cars and light commercial vehicles next week.

ACEA’s new data shows that an ECV market share of above 1% only occurs in Western European countries with a GDP per capita of more than €30,000 (US$35,000). By contrast, almost half of all EU member states have an ECV market share of 0.5% or lower. In countries with a GDP per capita below €17,000 (US$20,000) the market share remains close to zero—including the new EU member states in Central and Eastern Europe, as well as crisis-torn Greece. Affordability is clearly a major barrier.

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BMW Group electrified global sales top 10,000 in single month for first time; up 64.2% YTD; 3.8% of total sales

October 13, 2017

BMW Group sales of electrified vehicles in September topped the 10,000 mark for the first time in a single month; a total of 10,786 (+50.5%) BMW i, BMW iPerformance and MINI Electric vehicles were delivered in September, bringing the year-to-date total to 68,687 (+64.2%). Sales of BMW Group electrified vehicles in the first three quarters of 2017 have exceeded those achieved in the whole of 2016; the company’s electrified line-up comprises nine models.

September also saw growth in overall BMW Group sales. Despite the current changeover of the significant BMW X3 model, deliveries in the month totalled 239,764 (+0.8%) worldwide, bringing the year-to-date total to 1,811,234 (+3.7%). Both figures represent best-ever sales for the respective period. Year-to-date, BMW Group’s electrified vehicles represent 3.8% of total sales.

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New York plug-in car sales up 74% April-June with introduction of rebate

September 29, 2017

New York Governor Andrew M. Cuomo announced that the state has seen a 74% increase in electric car sales over the same time period last year, resulting from the Drive Clean Rebate initiative launched on 21 March 2017. The Drive Clean Rebate provides New York residents with a rebate of up to $2,000 for the purchase of a new plug-in car from participating dealers.

For the first three full months following the implementation of the Drive Clean Rebate (April - June), New York State EV sales rose to 2,574 units, up from 1,476 units the year before. For the first half of 2017, New York saw 4,209 EVs sold, a 61% increase from the 2,609 sold in the same period in 2016.

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ChargEVC: New Jersey plug-in electric vehicle registration up 79% for MY 2016 vehicles over 2015

August 14, 2017

Registration of model year 2016 plug-in electric vehicles (PEVs) in New Jersey was up 79% over 2015, according to a recent analysis by ChargEVC, a diverse coalition of organizations and companies that support growth of the electric vehicle market. New Jersey now has more than 10,000 PEVs on the road, 60% of which have been sold in the last two years.

The uptick in New Jersey sales is over twice as robust as already strong national sales: For the first half of 2017, US consumers bought 38% more plug-in electric vehicles than in the same period in 2016, even though automobile sales are down overall.

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Tesla quarterly revenue up 93% YOY in Q2; quarterly loss rises; >1800 reservation/day for Model 3

August 03, 2017

In a quarterly financial update that emphasized the bullish prospects for the Model 3, Model S and Model X, Tesla reported that its automotive revenue grew 93% to $2.287 billion as compared to Q2 2016 largely due to 53% growth in total vehicle deliveries, and to a smaller percentage of vehicles sold with residual value risk that were subject to lease accounting. Compared to the prior quarter (Q1 2017), automotive revenue was down very slightly ($2.287 billion vs. $2.290 billion) despite a decline in vehicle deliveries due to lower mix of deliveries subject to lease accounting and the sale of $100 million of ZEV credits in Q2.

The company’s net loss grew to $336.4 million in the second quarter, increasing from $293.2 million in Q2 2016. a year earlier. Tesla also reported having more than $3 billion cash on hand at the end of Q2. The quarterly update, which followed shortly after the intial delivery of the first production Model 3s and provided some additional insight into timing along with financial guidance for the EV.

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Average price of new light vehicles in US hit high in 2016; driven up by trucks; cars moving in opposite direction

August 02, 2017

The average price of a new light vehicle (including both cars and light trucks) was up to a record $31,790 in 2016, up from the most recent low of $28,243 in 2008. However, the price increase is driven by light trucks, with the $35,289 average truck price for 2016 beaten only by the $35,997 average in 2015, according to data gathered by the US Department of Energy (DOE).

Twenty years ago, prices for cars and light trucks were similar, but car prices have steadily decreased while truck prices have increased. The average price for cars in 2016 was $25,774—similar to $25,750 in 2015 and $25,747 in 2014, and down from a high of $29,808 in 1999. Prices are sales-weighted average transaction prices adjusted for inflation.

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ICCT assesses factors driving EV market in US cities

July 25, 2017

A new white paper from a team at the International Council on Clean Transportation (ICCT) assesses the growing US electric vehicle market and the factors that are driving it, with a focus on the 50 most populous US metropolitan areas.

Peter Slowik and Nic Lutsey analyze the connections among various state and local policies; public and workplace charging infrastructure; consumer incentives; model availability; and the share of new vehicles that are plug-in electric (both fully electric and plug-in hybrid). The San Jose area had the highest share at 10%, followed by other California areas (4% to 6%) and markets in Colorado, Hawaii, Oregon, Vermont, and Washington (2% to 4%). Overall, the share of new vehicles that are plug-in electric in these 50 areas is 1.2%, about 3 times the proportion in the rest of the United States.

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Hybrid and electric cars account for 7.5% of Kia 1H 2017 Europe sales, up from 1% in 2016

July 21, 2017

Kia Motors posted its best six-month sales period in Europe, with half-year sales surpassing 250,000 for the first time in the company’s history. Hybrid and electric vehicles accounted for 7.5% of European sales so far this year, up from just one per cent in the first six months of 2016, according to Michael Cole, Chief Operating Officer of Kia Motors Europe.

The latest data released by ACEA (European Automobile Manufacturers’ Association) shows that Kia sold 251,472 units across Europe during the first six months of the year, a 9.5% rise, year-on-year. In addition, Kia’s cumulative market share climbed to 3.0%, up from 2.8% (229,585 units) during the first half of 2016. Vehicles with all-electric or electrified powertrains represent the greatest area of growth for Kia sales in Europe.

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BNEF forecasts EVs to hit 54% of new car sales by 2040; decreasing importance of PHEVs

July 06, 2017

Electric vehicles will make up the majority of new car sales worldwide by 2040, and account for 33% of all the light-duty vehicles on the road, according to a new forecast published by Bloomberg New Energy Finance (BNEF). This represents an aggressive jump compared to BNEF’s previous forecast of 35% EV new car market share by 2040. Under the new forecast, EVs will displace 8 million barrels of transport fuel per day and add 5% to global electricity consumption (1,800 TWh by 2040 up from 6TWh in 2016).

The forecasters said that while plug-in hybrid electric vehicle (PHEV) sales will play a role in EV adoption from now to 2025, puer battery-electric vehicles (BEVs) will subsequently take over and account for the vast majority of EV sales. The engineering complexity of PHEV vehicle platforms, their cost and dual powertrains make BEVs more attractive over the long-run, BNEF said. BNEF suggested that only in Japan will PHEVs continue to play an important role after 2030.

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Ford to import next-gen Ford Focus for N. America from China; production starting 2H 2019

June 20, 2017

Ford announced a series of global manufacturing actions centered on improving the company’s operational fitness, among them that it would source the next-generation Ford Focus for North America primarily from China, rather than Hermosillo, Mexico.

Production of the next-generation Focus begins in the second half of 2019, with models coming from the company’s existing Focus plants globally. Most new North American Focus models initially will come from China, with additional variants coming from Europe later, Ford said. Production of the current North American Focus at the Michigan Assembly Plant continues through mid-2018. Following that, the plant will be converted to produce the Ranger midsize pickup truck in late 2018 and the Bronco midsize SUV in 2020.

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IEA: Electric vehicles posted strong gains in 2016; 2M now in global parc

June 07, 2017

With more than 750,000 units sold over the year, the number of electric vehicles in the global parc—primarily Battery Electric Vehicles (BEVs) and Plug-in Hybrid Electric Vehicles (PHEVs)—surpassed 2 million units in 2016, following a year of strong growth in 2015, according to the International Energy Agency’s Global EV Outlook 2017. This is up 60% from 2015, indicating rapid market evolution.

In 2005, electric cars were still measured in hundreds. 2016 also saw more than 200 million electric two wheelers on the road and 345 thousand buses, primarily in China. China remained the largest market in 2016, accounting for more than 40% of the electric cars sold in the world. China, the US and Europe made up the three main markets, totalling more than 90% of all EVs sold around the world. Six countries more than over 1% electric car market share in 2016: Norway, the Netherlands, Sweden, France, the United Kingdom and China.

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US new light-duty diesel sales dropped slightly in 2016 to 280,000 units from 300,000 in 2015

The US added more than 280,000 new diesel passenger vehicles across the country in 2016, with Texas, California and Florida having the highest numbers of diesel vehicles, according to a Diesel Technology Forum analysis of the latest Vehicles in Operation (VIO) data compiled by IHS Automotive (December 2016). The number of diesel car, SUV, full-size pickup trucks and vans in operation reached 8 million in 2016.

The 2016 increase in diesel sales was about 6.7% smaller than the some 300,000 added to the US vehicle parc in 2015, but still demonstrated resilience in a market that had 25% fewer model choices available. The 2016 increase in diesel registrations was due to the expanding popularity and increasing number of choices in the light-duty pickup market, DTF said. This more than offset the decrease in diesel car registrations due to the 25% drop in number of choices available on the market.

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DOE: China alone accounted for 42% of global plug-in vehicle sales in 2016

May 08, 2017

About 756,000 plug-in electric vehicles (PEVs) were sold in the world in 2016, with 95% of those sales in China, Europe, the United States, Japan, and Canada, according to figures compiled by the US Department of Energy (DOE). China alone accounted for 42% of sales (316,800 units).

China’s 2016 PEV sales grew by 53% from 2015’s 207,000 units—most of which were all-electric vehicles (EV) (244,400 units, or 77%). PHEV sales reached 72,400 units in 2016 in China. By comparison, US PHEV sales in 2016 were 72,900 units, slightly outpacing China; however, US battery-electric vehicles sales were only 86,700.

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DOE: 58% of BEV sales in US in 2016 were large cars and standard SUVs; PHEVS mainly compact and midsize

May 01, 2017

The largest share of all-electric vehicle (EV) sales in calendar year 2016 in the US were large cars (35%) and standard sport utility vehicles (SUV)(23%), according to figures gathered by the US Department of Energy (DOE). Plug-in hybrid electric vehicle (PHEV) sales were mainly compact and midsize cars, with 42% and 40% of the market share, respectively.

Of the nearly 347,000 hybrid electric vehicles (HEV) sold in 2016, close to three-quarters were midsize cars. There were 17.3 million light vehicles sold in the United States in 2016—more than half were SUVs, pickups, and vans.

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EEA: Fuel efficiency improvements of new cars in Europe slowed in 2016

April 20, 2017

The fuel efficiency of new cars sold in the European Union (EU) continued to improve last year but at a slower rate, according to provisional data from the European Environment Agency. The 1.4 g of CO2/km reduction (-1.2%) compared to 2015 constitutes the smallest annual improvement recorded over the last decade.

Official emissions have decreased by a total of more than 22 g CO2/km (-16%) since 2010, when an updated monitoring system started under the current EU legislation. The EU remains well below its target of 130 g CO2/km set for 2015; however, compared to 2016, annual improvements in vehicle efficiency need to increase significantly in each of the coming five years in order to achieve the second average emissions target of 95 g CO2/km by 2021.

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JATO Dynamics: US new vehicle sales down 1.9% in Q1; SUVs, pickups increase market share

April 08, 2017

New vehicle sales for the first quarter of 2017 in US fell 1.9% over the same period in 2016, according to figures from JATO Dynamics. Analysts had predicted a small increase for March sales but saw a decline despite reported high incentives spending. SUVs and pickup trucks continue to gain market share, with Honda’s 4.3% increase in share driven by sales from the CR-V and returning Ridgeline, which as re-entered the market after a two model year hiatus.

Continuing the trend of recent years, the market share of SUVs and trucks continue to rise within the United States. In the first quarter of 2017, SUVs, Trucks, and Vans represented 58%—5 percentage points more than what was seen in 2016. This increase was mostly due to the ever increasing popularity of smaller SUVs and crossovers like the Nissan Rogue, Honda CR-V, and Toyota RAV4.

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Honda Motor Europe: 2/3 of European sales to feature electrified powertrains by 2025; “Electric Vision”

March 07, 2017

Speaking at the 2017 Geneva Motor Show, Honda Motor Europe’s President and COO, Katsushi Inoue outlined Honda’s commitment to an electric future in Europe, with a specific aim to have electrified powertrains in two-thirds of Honda cars sold in Europe by 2025.

Honda’s focus on electrification in Europe will initially be driven by a roll-out of hybrid technology across its automobile range. The first new hybrid model, which will feature Honda’s two-motor hybrid system, will go on sale in 2018.

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Volkswagen Group returns to profitability with new record for sales revenue and operating result in 2016

February 27, 2017

The Volkswagen Group made progress in 2016 in overcoming its self-inflicted diesel crisis. Sales revenue in fiscal year 2016 rose by €4.0 billion (US$4.22 billion) to €217.3 billion (US$229.4 billion). At €7.1 billion (US$7.5 billion), the Group’s operating result, which dropped into the red in the previous year due to the diesel issue, was back in strongly positive territory. Before special items, the Group’s operating result reached a new record and at €14.6 billion (US$15.4 billion) was substantially higher than the prior-year figure (up 14%); the operating return on sales rose to 6.7% (6.0%).

In spite of further challenges resulting from the diesel issue and the persistently difficult conditions in vehicle markets such as Brazil and Russia, the Group delivered 10.3 million vehicles to customers worldwide in the past fiscal year—up 3.7% from 9.931 million in 2015. The Group therefore reached not only its targets for 2016 but also a new record, helped in particular by increases in Western and Central European markets and in the Asia-Pacific region.

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Cumulative worldwide sales of Toyota hybrids surpass 10 million units; Europe outpaces N America in 2016

February 14, 2017

Cumulative worldwide sales of Toyota Motor Corporation hybrids reached 10.05 million units as of 31 January, scooting past the 10-million unit mark. Toyota said that this milestone demonstrates the staying power of a technology that is now emerging as a mainstream solution to reduce greenhouse gas emissions and other pollutants.

Toyota launched the Coaster Hybrid EV in August 1997 and the Prius—the world's first mass-produced hybrid passenger vehicle―in December of the same year. This latest milestone of 10 million units was achieved just nine months after total sales reached 9 million units at the end of April 2016. Although hybrid sales in Japan have stalled, and have dropped in North America, Europe and other regions have been the growth engine.

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Volvo Buses receives order for 90 electric hybrid buses and fast charging stations from Belgium

February 10, 2017

Volvo Buses has secured its largest order yet for complete solutions for electric bus traffic. The Belgian cities of Charleroi and Namur have together ordered 90 Volvo 7900 Electric Hybrid buses as well as 12 charging stations. The buyer is public transport company TEC Group. The charging stations will be delivered by ABB.

The order from TEC Group covers 55 buses for Charleroi and another 35 buses for Namur. ABB will supply 4 charging stations to Charleroi and 8 charging stations for Namur. Delivery and installation will get under way this autumn. After the delivery, the TEC Group will have ordered in total 101 Volvo electric hybrids and 15 ABB charging stations.

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Renault-Nissan Alliance delivers significant growth in 2016; cumulative EV sales hit nearly 425,000

February 09, 2017

The Renault-Nissan Alliance delivered significant sales growth in 2016, with global sales of 9.96 million vehicles—including Mitsubishi Motors sales of 934,013 vehicles globally. Mitsubishi Motors joined the Alliance last fall with Nissan’s acquisition of a 34% equity stake in the company. (Earlier post.) The Alliance brands accounted for about one in nine cars sold worldwide last year.

The car group also reinforced its leadership in zero-emission vehicles with cumulative sales of 424,797 electric vehicles since the introduction of the Nissan LEAF in 2010, followed by the Renault ZOE. In 2016, the Renault-Nissan Alliance, including Mitsubishi Motors i-MiEV series, sold 94,265 EVs, up more than 8% from 2015.

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Navigant: 2016 advanced battery shipments through Q3 = 323M cells and $3.8B in sales

January 26, 2017

According to a new report from Navigant Research, the shipment volume of advanced batteries for the first three quarters of 2016 equates to more than 323.5 million individual battery cells, 16.1 GWh of energy capacity, 61.4 GW of power capacity, and $3.8 billion in sales. The majority of the advanced batteries in 2016 have been manufactured in Asia Pacific and shipped around the world.

For the purposes of the report, advanced batteries are defined as rechargeable batteries with a chemistry that has only entered into the market as a mass-produced product in the last two decades for use in the automotive or stationary energy storage system sectors. The report does not include experimental batteries that have not yet reached mass production. The chemistries that are included in the report are all lithium ion (Li-ion) chemistries, flow battery chemistries, sodium-metal halide, and advanced lead-acid.

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New Flyer zero-emission bus deliveries increased by 48% to 213 EUs in 2016

January 12, 2017

Deliveries of New Flyer of America zero-emission buses (ZEBs) in 2016 reached their highest level in company history, delivering 213 equivalent units (EUs) in 2016. (One equivalent unit represents one 30-foot, 35-foot or 40-foot heavy-duty transit bus or one motor coach. One articulated transit bus represents two equivalent units.) This represented an increase of 48% from 144 ZEB EU’s delivered in 2015, and is represents 8.3% of New Flyer’s total heavy-duty transit bus production in 2016.

New Flyer manufactures all three current types of ZEBs, including: battery-electric, trolley-electric, and hydrogen fuel cell electric buses. This design and manufacturing capability allows transit authorities the ability to optimize charging method, infrastructure and range capability for their specific needs.

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BYD the recommended company for Argentinian tender for 50 electric buses

BYD has been officially selected as the recommended company by the evaluation committee in Argentina for the purchase of 50 electric buses on behalf of the Ministry of Environment.

The tender was launched by the Ministry of Environment as a pilot project for the introduction of electric public transport in different cities throughout the country. The bid evaluation committee chose BYD amongst a pool of 5 bidders for its successful 12-meter electric bus, which is already used in cities such as London, Los Angeles, Amsterdam, etc.

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Reseachers attribute suddent surge in China PEV sales to massive subsidies and huge non-monetary incentives

January 09, 2017

Sales of plug-in vehicles (PEVs) in China—battery-electric and plug-in hybrid—suddenly soared 343% in 2015 to about 331,000 units—more than 3 times the number sold in the US that year. China-based BYD is now the world’s leading manaufacturer of PEVs, jumping ahead of Nissan and Tesla. Six other China OEMs are among the top 20 PEV manufacturers.

However, notes a team from the Institute of Transportation Studies at UC Davis and CATARC (China Automotive Technology and Research Center), just the year before PEV sales were stagnant, despite large subsidies and incentives. In a new paper in the journal Energy Policy, they explore the factors behind the surge and ways to maintain the strength of the market.

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GM posts 2016 delivery record in China; 3.87M vehicles, more than 1/3 of global sales

January 06, 2017

General Motors and its joint ventures delivered a record 3,870,587 vehicles in China in 2016, which was an increase of 7.1% from the previous high in 2015. China remained GM’s largest market in terms of retail sales for the fifth consecutive year, accounting for more than one-third of the company’s global sales. For comparison, GM brands reported retail sales in the US of 2,446,582 vehicles for CY 2016.

Last year, GM launched 13 new and refreshed models in China, putting it on track to fulfill its plan to introduce 60 models through 2020. It is focused on the luxury, SUV and MPV segments. About 40% of GM’s product launches in China through 2020 will be SUVs and MPVs.

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Honeywell Transportation Systems Forecast: turbocharged vehicles to account for 48% of annual global sales by 2021; electric boosting emerges

December 09, 2016

Honeywell’s Transportation Systems Forecast projects that turbocharged vehicles will acount for 48% of annual global sales by 2021, up 9 percentage points from 2016. This annual sales estimate, combining both passenger and commercial vehicles, would add more than 232 million turbocharged vehicles globally between 2017 and 2021—an increase of 35% from today.

This year’s forecast recognizes an industry trend for slightly bigger engine sizes in Europe and China as automakers adapt powertrain strategies to tackle updated emissions regulations developed for real-world driving conditions. In these regions, a typical powertrain is a three- or four-cylinder engine with a displacement size between 1.2 liters and 1.7 liters. By rightsizing engines with available technologies, automakers are able to continue applying the benefits of smaller turbocharged engines while fine-tuning powertrain systems to further optimize fuel economy, emissions and performance.

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J.D. Power, LMC: new vehicle sales in US slide again, 6th time this year

November 24, 2016

For the second time in three months and the sixth time this year, new-vehicle retail sales in November are expected to slip from year-ago levels, according to a monthly sales forecast developed jointly by J.D. Power and LMC Automotive. US new-vehicle retail sales in November are projected to reach 1,128,900 units, a 2.0% decrease from November 2015 on a selling-day adjusted basis, while total new-vehicle sales are expected to drop 3.4% to 1,381,800.

While the presidential election had the potential to disrupt vehicle sales in the first half of the month, in reality, the impact was minimal, the companies said. This is consistent with past elections when a small suppression of sales during the election was offset by gains post-election.

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