US Auto Sales Fall for 2nd Year at GM, Ford, FCA, Toyota, BMW, Mazda. Total 2017 Sales Drop Below 2015

US Auto Sales Fall for 2nd Year at GM, Ford, FCA, Toyota, BMW, Mazda. Total 2017 Sales Drop Below 2015:

Tesla gets crushed by the big boys.

Total new-vehicle sales in the US fell 5.2% year-over-year in December to 1.6 million units. For all of 2017, sales declined by 320,000 vehicles, or 1.8%, to 17.23 million units. It was the first overall decline since the Financial Crisis.

Compared to 2015, sales fell by 249,033 vehicles, or 1.4%. These sales are vehicles delivered by dealers to their customers, or delivered by automakers directly to large fleet customers, as reported by Autodata.

For the big three US automakers and some import brands it was the second year in a row of sales declines (two-year percent change from 2015):

  • GM -2.7%
  • Ford -1.1%
  • Fiat Chrysler (FCA) -8.6%
  • Toyota -2.6%
  • BMW -12.6%
  • Mazda -9.3%

The table below shows new-vehicle sales by automaker, sorted by total sales in 2017 (gray column). Automakers with declining sales in 2017 are marked in red. The green column shows the two-year percentage change from 2015:

Read moreUS Auto Sales Fall for 2nd Year at GM, Ford, FCA, Toyota, BMW, Mazda. Total 2017 Sales Drop Below 2015

General Motors Auto Sales Crash, Dealer Inventory Near All Time High

GM Auto Sales Crash, Dealer Inventory Near All Time High:

It was expected to be a bad quarter for General Motors. It ended up being abysmal.

GM reported that July auto sales crashed by a whopping 15%, nearly double Wall Street’s already depressed expectations of a 8% drop, and with GM mothballing production across the country to catch up with lagging demand, it still sold only 226,107 vehicles as a result of double digits drops in Chevy, Build and Cadillac Sales of 15.3%, -30.5% and -21.7%, respectively. The only “good” performer was GMC, which dropped by “only” 7.3% Y/Y.

* * *

PayPal: Donate in USD
PayPal: Donate in EUR
PayPal: Donate in GBP

GM Lied To The Public And To Trump About Where Chevrolet Cruze Sedans Sold In The USA Are Assembled

GM Lied To The Public And To Trump About Where Chevrolet Cruze Sedans Sold In The USA Are Assembled:

How one auto enthusiast exposed GM’s lie that “all Chevrolet Cruze sedans sold in the U.S. are built in GM’s assembly plant in Lordstown, Ohio.”

Pesticide Experts Release Shocking Review of Global Glyphosate Damage

Pesticide Experts Release Shocking Review of Global Glyphosate Damage:

In a “state of the science” review released Tuesday, PAN International presents a large body of research documenting the adverse human health and environmental impacts of glyphosate and glyphosate-based herbicides and underscores the need for a global phase-out.

Roundup-Ready-Glyphosate-Monsanto-Killing-Machine

The full Monograph review can be accessed here:  pan-international.org

Environmental and health advocates say the monograph on the world’s most widely used herbicide, commonly known by its original trade name Roundup, should serve as a wake up call for regulators, governments and users around the world.

Read morePesticide Experts Release Shocking Review of Global Glyphosate Damage

GM, Ford US Auto Sales Tumble In “Bellwether” Month Of May

GM, Ford US Auto Sales Tumble In “Bellwether” Month Of May:

You can’t say we weren’t warned. As reported over a month ago, before the surprising rebound in April retail sales, the biggest drag on consumer spending was auto sales.  One month later, this is finally starting to materialize when earlier today, both GM and Ford’s US vehicle sales fell more than analysts had estimated in May. According to Bloomberg this “raises questions about stalling consumer demand.” Not really: as we also warned a month ago when looking at stalling use car price changes, it was only a matter of time before the lack of demand for every low priced autos spilled over to new car sales, which it now has.

* * *

PayPal: Donate in USD
PayPal: Donate in EUR
PayPal: Donate in GBP

Bailout World: Volkswagen “Cheating” Fine Is 20 Times Higher Than GM’s For ‘Killing 174 People’

Bailout World: Volkswagen “Cheating” Fine Is 20 Times Higher Than GM’s For ‘Killing 174 People’:

When bailout-darling GM ‘fessed up to an intentional ignition-switch defect, tied to at least 174 deaths, The Justice Department fined them $900 million (and no employees faced criminal charges). So, in this consequence-less world in which we live, when Volkswagen admits to literally cheating emissions-standards tests, it faces up to $18 billion in fines from The EPA, one has to wonder whether “we” have our priorities right?

GM Authorizes $5 Billion Stock Buyback, Will Return All Cash Over $20 Billion To Shareholders

 GM

GM Authorizes $5 Billion Stock Buyback, Will Return All Cash Over $20 Billion To Shareholders (ZeroHedge, March 9, 2015):

Doubting if the growth ahead of GM is now over, and the great post-bankruptcy “success story” is rapidly fading as the company has been pushed to resort to the kind of financial engineering which has pushed the S&P higher for all of 2014, and follows a record month of stock buyback announcements? Then doubt no more: moments ago GM announced it is authorizing an immediate $5 billion stock buyback, and plans to return all cash above a $20 billion floor to shareholders.

From the Press Release:

Read moreGM Authorizes $5 Billion Stock Buyback, Will Return All Cash Over $20 Billion To Shareholders

GM Now Without Doubt The Biggest Company Joke In US History: 28.5 Million Cars Recalled In The First Half Of 2014

Here Are The 28.5 Million Cars Recalled By GM In The First Half Of 2014 (ZeroHedge, June 30, 2014):

One could say things about what is now without doubt the biggest company joke in the history of the US – maybe global – automotive sector, putting even East Germany’s infamous Trabant to shame.

Things like following the just announced latest recall of another 7.6 million cars across models from 1997 to 2014, and another 800K+ cars thrown in just because, GM has recalled more cars in the first 6 months of 2014 than it has sold in all of 2011, 2012 and 2013. Which incidentally would be true as the chart below shows.

Gm total recalls vs sales

Things like it took GM over a decade to that these latest recalls affecting cars made in the 20th century resulted in “seven crashes, eight injuries and three fatalities.

Read moreGM Now Without Doubt The Biggest Company Joke In US History: 28.5 Million Cars Recalled In The First Half Of 2014

Meet The ‘Lone Engineer’ GM Is Blaming All Its Troubles On

Meet The “Lone Engineer” GM Is Blaming All Its Troubles On (ZeroHedge, June 20, 2014):

Back in 2011 Goldman, when the FDIC-insured bank holding company with no deposits, was slapped with the biggest at the time SEC penalty for shorting CDOs it had sold to clients, it started a trend of scapegoating all its evils on a lone, then 20-something individual, Fabrice Tourre, who seemingly had “worked alone” and whose actions were not supervised by anyone: the chain of responsibility started and ended with him. Naturally, nobody went to jail. A few years later, stuck in the biggest scandal of its post-bankruppcy existence involving over 20 million recalls in just the first 6 months of 2014 alone, GM has decided that what worked for Goldman should work for it too, and as the WSJ reports, is “pinning of a decadelong failure to recall defective cars on a lone engineer.”

Unfortunately for GM, an organization that is far more politically charged than Goldman, it is “running into skepticism from lawmakers who say GM documents show dozens of people were alerted to ignition-switch defects during the past decade.”

But before we get into the details of what is set to be even more political theater, just who is this lone engineer?

Read moreMeet The ‘Lone Engineer’ GM Is Blaming All Its Troubles On