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Archive of posts published in the category: Sales 
May
8

Sales of Automotive Lead Acid Batteries to Soar, as Global Vehicle Production Ramps Up, Says Fact.MR

Automotive lead acid battery market is set to surpass a valuation of US$ 41.8 Bn and is poised to grow at a value CAGR of 5% during the forecast period (2019-2029). The surge in production of automobiles globally has supplemented the growth of lead acid battery market. Lead acid batteries are soaring on popularity as they provide an additional source of power to the vehicle. However, in the current scenario, the global automobile market has been stagnant in terms of profitable growth. This is anticipated to change in the coming years as the automotive sector is set to capture growth opportunities owing to the increasing vehicle production, thus aiding the demand for automotive lead acid batteries. Moreover, the heightened uptake of passenger cars globally, is expected to accelerate the growth of automotive lead acid battery market. Further, a steady rise in the use of pure electric and hybrid vehicles is fueling demand for enhanced flooded batteries which function as auxiliary batteries for starting, lighting, and ignition (SLI). The newest report by Fact.MR estimates that the enhanced flooded batteries will account for ~34% of the total global value share by the end of forecast period.

Key Takeaways of Automotive Lead Acid Battery Market

  • Flooded batteries are estimated to create an absolute $ opportunity of US$ ~4.9 Bn accounting for nearly 39% of the total share during the forecast period. Owing to the extensive use of cost-effective energy storage batteries in emerging countries, flooded battery segment is projected to expand 1.4X as compared to 2019
  • Asia-Pacific will remain the prominent region across the forecast period, accounting for more than 45% share in the automotive lead acid battery market.
  • The Internal Combustion Engine (ICE) technology segment is expected to create an absolute $ opportunity of US$ ~15.1 Bn during the forecast period owing to the continuous adoption of conventional vehicles over electric vehicles due to lack of charging infrastructure in developing economies.
  • In terms of value, the enhanced flooded battery type segment is expected to grow 2.2X over the forecast period

“Research and development initiatives for sustainable technologies and high performance at low costs is expected to provide new growth prospects in the automotive lead acid battery market” says the Fact.MR analyst

Partnerships to Remain Key Forte of Competitors

The report reveals some of the key players, including EnerSys Inc., Johnson Controls Inc., GS Yuasa Corporation, Panasonic Corporation, Leoch International Technology Limited, Exide Industries Ltd., East Penn Manufacturing Company, Exide Technologies Inc., CSB Battery Company Limited, NorthStar, FIAMM S.p.A., and others. Prominent manufacturers are focusing on building partnerships to strengthen their global presence. For instance,       

  • In 2019, Exide Industry partnered with JCB’s Electric Teletrucks. With this partnership Exide will provide nuanced battery solutions to JCB
  • In 2018, NorthStar teamed up with Daimler to create the world’s first ultra-high performance pure lead AGM battery

Find More Valuable Insights on Automotive Lead Acid Battery Market

Fact.MR, in its new offering, brings to fore an unbiased analysis of the global automotive lead acid battery market, presenting

May
6

New Vehicle Sales in US Fell 1.3% in 2019 but Still Healthy

In this Thursday, Aug. 15, 2019 file photo,Cars for sale at the Ford dealership in Manchester, N.H. New vehicle sales in the U.S. fell slightly last year, but the numbers still passed the healthy 17 million mark for the fifth straight year. Automakers sold 17.1 million new cars, trucks and SUVs in 2019, down about 1% from the previous year.

In this Thursday, Aug. 15, 2019 file photo,Cars for sale at the Ford dealership in Manchester, N.H. New vehicle sales in the U.S. fell slightly last year, but the numbers still passed the healthy 17 million mark for the fifth straight year. Automakers sold 17.1 million new cars, trucks and SUVs in 2019, down about 1% from the previous year.

AP Photo/Charles Krupa, File

DETROIT (AP) — New vehicle sales in the U.S. fell 1.3% last year, but the numbers still passed the healthy 17 million mark for the fifth straight year.

Automakers sold 17.05 million new cars, trucks and SUVs in 2019. Although buyers spent more on vehicles, companies had to prop up sales with record discounts, according to analysts.

Following a long trend, 69% of new vehicles sold last year were trucks or SUVs, with truck sales up 2.6% from a year ago. Car sales fell once again, by 10.1%, according to Autodata Corp.

Sales at General Motors fell 2.5% for the year as a 40-day strike by the United Auto Workers union cut into inventories in the fourth quarter. Ford sales fell 3.2%, while Fiat Chrysler sales dropped 1.4%. Sales at Toyota fell 1.8% and Nissan sales tumbled almost 10%.

The Edmunds.com auto pricing site predicted that more than half the new vehicles sold last year were SUVs, passing 50% market share for the first time.

Also for the first time, Fiat Chrysler’s Ram pickup beat the Chevrolet Silverado in full-year sales as GM retooled factories to built a new version of the Silverado.

Electric vehicle sales rose almost 37% last year to just over 236,000, Autodata reported.

Tesla reported global sales on Friday without singling out the U.S. The Palo Alto, California, electric vehicle company said sales rose over 50% to 367,500.

Last year turned out to be strong as uncertainty waned in talks over a trade agreement with Canada and Mexico and progress toward a trade deal with China, said Jeff Schuster, president of global vehicle forecasts for LMC Automotive, a consulting firm.

Schuster predicted stability this year but wrote that sales could be a bit lower than in 2019.

Last year’s sales numbers defied the odds, especially because high interest rates and record prices squeezed some buyers, said Jeremy Acevedo, senior manager of industry insights for Edmunds. “If 2019 taught us anything, it’s that you can’t underestimate the power of a strong economy,” he said. Edmunds provides content for The Associated Press.

The average new-vehicle sale price in December hit an estimated $34,602, setting a record, according to J.D. Power and LMC. Truck and SUV prices hit an estimated $36,935, rising $655 from 2018. Car prices averaged $27,461, a small increase from a year earlier.

But the average incentive, or discount, per vehicle was expected to reach $4,600, a record figure that’s up almost 7% from 2018, according to LMC and J.D. Power.

Thomas King, president of analytics at J.D. Power, said the record sale prices shows that automakers are building the types of

May
5

Used and New Car Sales, Review

  • Used Acura MDX

    6,093 vehicles starting at $900

  • Used Audi TT

    457 vehicles starting at $1,795

  • Used BMW X5

    9,034 vehicles starting at $2,000

  • Used Cadillac CTS

    12 vehicles starting at $34,999

  • Used Chevrolet Camaro

    6,850 vehicles starting at $2,000

  • Used Chevrolet Colorado

    7,288 vehicles starting at $1,800

  • Used Chevrolet Corvette

    4,806 vehicles starting at $3,500

  • Used Chevrolet Silverado 1500

    42,895 vehicles starting at $700

  • Used Chevrolet Silverado 2500

    10,446 vehicles starting at $1,598

  • Used Chevrolet Suburban

    7,335 vehicles starting at $1,595

  • Used Chevrolet Tahoe

    11,584 vehicles starting at $800

  • Used Chevrolet Traverse

    11,529 vehicles starting at $2,900

  • Used Chrysler 300

    5,419 vehicles starting at $1,400

  • Used Dodge Challenger

    7,225 vehicles starting at $3,995

  • Used Dodge Charger

    7,533 vehicles starting at $990

  • Used Dodge Durango

    8,766 vehicles starting at $650

  • Used Ford Escape

    26,141 vehicles starting at $900

  • Used Ford Explorer

    21,038 vehicles starting at $600

  • Used Ford F150

    54,740 vehicles starting at $250

  • Used Ford F250

    14,936 vehicles starting at $700

  • Used Ford F350

    8,861 vehicles starting at $1,900

  • Used Ford Focus

    11,190 vehicles starting at $650

  • Used Ford Fusion

    20,204 vehicles starting at $1,700

  • Used Ford Mustang

    10,464 vehicles starting at $611

  • Used Genesis G80

    1,017 vehicles starting at $12,500

  • Used GMC Acadia

    11,851 vehicles starting at $1,913

  • Used GMC Sierra 1500

    20,177 vehicles starting at $1,000

  • Used GMC Yukon

    6,399 vehicles starting at $1,500

  • Used Honda Accord

    21,086 vehicles starting at $500

  • Used Honda Civic

    21,681 vehicles starting at $500

  • Used Honda Odyssey

    7,762 vehicles starting at $795

  • Used Honda Pilot

    9,587 vehicles starting at $1,688

  • Used Jeep Cherokee

    14,779 vehicles starting at $998

  • Used Jeep Grand Cherokee

    26,655 vehicles starting at $800

  • Used Jeep Renegade

    6,412 vehicles starting at $4,895

  • Used Jeep Wrangler

    27,582 vehicles starting at $1,795

  • Used Kia Optima

    10,381 vehicles starting at $1,000

  • Used Kia Sorento

    8,731 vehicles starting at $1,295

  • Used Mazda CX-5

    9,651 vehicles starting at $5,990

  • Used MINI Cooper

    4,706 vehicles starting at $1,800

  • Used Nissan Murano

    6,896 vehicles starting at $1,810

  • Used Nissan Rogue

    21,471 vehicles starting at $1,995

  • Used Nissan Titan

    4,816 vehicles starting at $1,500

  • Used Porsche 911

    4,163 vehicles starting at $9,995

  • Used RAM 1500

    2,892 vehicles starting at $795

  • Used RAM 2500

    1,948 vehicles starting at $1,750

  • Used Subaru Forester

    10,727 vehicles starting at $999

  • Used Subaru Outback

    13,321 vehicles starting at $950

  • Used Subaru WRX

    2,315 vehicles starting at $9,000

  • Used Tesla Model S

    4,906 vehicles starting at $22,900

  • Used Toyota 4Runner

    8,789 vehicles starting at $1,374

  • Used Toyota Camry

    20,795 vehicles starting at $595

  • Used Toyota Highlander

    10,607 vehicles starting at $2,777

  • Used Toyota RAV4

    18,101 vehicles starting at $1,495

  • Used Toyota Tundra

    10,663 vehicles starting at $2,000

  • Used Volvo XC90

    3,062 vehicles starting at $1,500

  • Source Article

    May
    2

    Bicycle Statistical Data: Usage, Productions and Sales

     


     


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    bar.jpg (792 bytes)

    Hard facts on bike usage, production, sales, imports, exports and trade are
    hard to come by. Many of the best statistics are buried in papers that are presented at conferences
    such as VeloCity, ProBike and the Transportation Research Board (TRB). Sometimes these
    papers are published after the conferences but it can then be difficult to get a
    hold of the proceeding, and then they aren’t very well indexed so you have to go
    through all of all of them to extract anything that might be useful to you.

    We do not have the staff to be able to research this thoroughly. If you are able to
    find a good source of information please let us know so that we can share it with others.

    bar.jpg (792 bytes)


    Tracking Global Bicycle Ownership Patterns
    , Journal of Transport & Health,
    Dec 2015.

    Related article
    .

    Bicycle Frame Market – Global Trends, Market Share, Industry Size,
    Growth, Opportunities, and Market Forecast – 2015 – 2022

    Report on the economic potential
    of bicycles
    in developing countries.

    Bicycling in Copenhagen
    infographic
    with history and statistics.

    Bike Commuting In a Motorized World
    infographic (mostly USA data).

    Separated Bike Lanes = Safer Streets for Everyone
    infographic
    (mostly USA data).


    World Bicycle Production, 1950-2007
    (graph)

    Bicycle production fell to 79 million units in 1998, 25 percent below the
    peak of 107 million bicycles in 1995.  Source: State of the World 2001,
    World Watch Institute, Washington DC USA

    Percent of Trips by Travel
    Mode (all trip purposes)

    Country bicycle walking public transit car other
    Netherlands 30 18 5 45 2
    Denmark 20 21 14 42 3
    Germany 12 22 16 49 1
    Switzerland 10 29 20 38 1
    Sweden 10 39 11 36 4
    Austria 9 31 13 39 8
    England/Wales 8 12 14 62 4
    France 5 30 12 47 6
    Italy 5 28 16 42 9
    Canada 1 10 14 74 1
    United States 1 9 3 84 3
    Source: John Pucher,
    Transportation Quarterly,
    1997, Volume 51, Number 4, page 32 (from various transport ministries and depts., latest avail. year)

     

    Bicycle mileage per person and killed cyclists per mileage in ten countries;
    Source: WALCYNG, Report1. no.4, 1997, Lund University Sweden and Factum Austria

    Bicyclists’ safety increases with increased bicycling in developed countries..


    Bicycle Kilometres and Killed Cyclists per kilometre


    Cycling kilometres per person per day

    Killed
    cyclists per 100 million kilometres

    GREAT
    BRITAIN

    0.1

    6.0

    ITALY

    0.2

    11.0

    AUSTRIA

    0.4

    6.8

    NORWAY

    0.4

    3.0


    SWITZERLAND

    0.5

    3.7

    FINLAND

    0.7

    5.0

    GERMANY

    0.8

    3.6

    SWEDEN

    0.9

    1.8

    DENMARK

    1.7

    2.3

    THE
    NETHERLANDS

    3.0

    1.6

    By Wittink, Roelof; I-ce Interface for Cycling Expertise:
    Planning for cycling supports road safety; In: Sustainable Transport, Planning
    for walking and cycling in urban environments, ed. Rodney Tolley; Woodhead
    publishing in Environmental management, ISBN 1 85573 614 4; 2003

    World Bicycle and Automobile Production, 1950-2000

    World Bicycle
    and Automobile Production, 1950-2000

    Year

    Bicycle

    Apr
    30

    April U.S. Auto Sales Volume and Pace Likely to Reach Historic Lows

    ATLANTA, April 27, 2020 /PRNewswire/ — Historic lows are expected in April as the full effects of COVID-19 are felt across the U.S. auto market for the entire month. According to a forecast released by Cox Automotive, new light-vehicle sales volume is expected to finish near 620,000 units, down 53% compared to last April and down 37% compared to last month. After incorporating seasonal adjustments, the annual vehicle sales pace in April is expected to finish near 7.5 million, down significantly from last month’s 11.4 million and far below last April’s 16.5 million level.

    The auto industry has consistent, reliable data reaching back to 1976. In that timeframe, the single lowest sales month was marked in January 2009, in the depths of the Great Recession. Total sales fell to 655,000, and the seasonally adjusted annual rate (SAAR) fell to 9.6 million. The lowest sales pace in the past 40-plus years was 8.8 million, which occurred in December 1981 during the “Double Dip” recession period. Given the massive impact of this pandemic, it seems very likely that the resulting market response in April 2020 will be history making.

    Though this forecast is disheartening, there is a silver lining. According to Charlie Chesbrough, senior economist at Cox Automotive, “April is likely to be the sales bottom for the vehicle market during this crisis. Recent sales data suggests demand is starting to recover modestly after the initial shock in March and early April. Year-over-year daily declines, while still high, are consistently showing improvement over recent weeks. Some people want to buy a vehicle or need to buy a vehicle, even in a pandemic.”

    Dealership closures, which began in mid-March in many parts of the country, are now being lifted, and sales are slowly improving. Sales should continue to show modest improvement in May as the country gradually reopens, and dealerships implement new strategies to sell and deliver vehicles in ways that are consistent with social-distancing guidelines. For example, more than 10,000 dealers in the U.S. have signed up for Dealer Home Services from Autotrader and Kelley Blue Book, both Cox Automotive companies. And more dealers are choosing to use advanced digital retailing tools, similar to those offered by Cox Automotive, to help customers buy vehicles without visiting a dealership.

    Sales Levels Vary Widely Based on Geography

    Although the national U.S. auto market is expected to fall 53%, geography is a consideration this month because sales vary greatly across the country. Some places face much more severe infection rates, and consumers are very reluctant to go outdoors. Policy responses from state and local officials also vary, with many states on lock-down for weeks, and dealerships closed in large portions of the country. Sales are down everywhere, but some markets are more negatively impacted than others.

    As a result of the diverse geographic impact this month, it is likely luxury and vehicles from the Japanese brands are taking a bigger hit, as those products are stronger in the Northeast and West,

    Apr
    25

    Google drops charges on shopping service to counter Amazon’s surging ad sales

    SAN FRANCISCO (Reuters) – Google said on Tuesday it would stop charging merchants to place products on its Google Shopping search page as it looks to win e-commerce advertising business from Amazon.com Inc and other online retailers, just as they are struggling to supply customers with some items due to the coronavirus pandemic.

    FILE PHOTO: The logo of Google is seen in Davos, Switzerland Januar 20, 2020. Picture taken January 20, 2020. REUTERS/Arnd Wiegmann

    The move is the latest effort by Google to reinvigorate its Shopping service, which has been largely eclipsed by Amazon.com, where most online shoppers now start searches for products and merchants pay to feature prominently.

    Google, part of Alphabet Inc, has up to now charged merchants whose products appear when users click on the Shopping tab on Google’s search engine. Amazon, which charges merchants only to promote items high on searches but takes a cut of their sales, is increasingly eating into that business.

    By adopting a system akin to Amazon’s, Google is hoping more merchants will put their products on its service, which will attract more shoppers and ultimately increase ad revenue as merchants vie to be featured.

    “If you work with the ecosystem, there will be monetization opportunities that come on top of that,” Google’s president of commerce Bill Ready told Reuters in an interview.

    The new policy had been in the works for some time, Ready said, but was brought forward as some stores struggle to find buyers because of the virus. Some merchants said they lost sales during the outbreak when Amazon.com stopped offering fast shipping on some products so it could prioritize what it called essential items.

    Google’s plan will take effect next week in the United States and by the end of the year globally.

    The move is a gamble for Google, as it may lead to a short-term loss of advertising revenue and does not guarantee an influx of new customers.

    ‘AMAZON COMPETE’

    Google executives have debated for months how best to push back against Amazon.com, rejecting the idea of spending billions of dollars to revamp the Google Shopping service, according to previously unreported accounts from 12 current and former high-ranking staff.

    Staffers last year explored partnerships with delivery companies to match Amazon’s speedy shipping, but did not get the go-ahead from top executives to strike a deal, one source said.

    Amazon has invested heavily in stocking warehouses and delivery drivers at the expense of its gross profit margins, which stand at about 40 cents on every dollar of revenue, according to Refinitiv data.

    Google, which has no experience of such a physically intensive delivery operation, balked at a similar type of investment, which would cut its profit margins of about 60 cents per dollar of revenue, three sources said.

    “It’s daunting the amount of capital and expertise it would take to run such a business, and even if you’re successful, are you just going to be No. 2?” said Jon Venverloh, who left Google last summer after 18

    Apr
    22

    Motor Vehicle Sales

    Previous
    Total Vehicle Sales 11.4M
    Domestic Vehicle Sales 9.1M

    Definition

    Unit sales of motor vehicles, published by the Bureau of Economic Analysis at the beginning of each month, include domestic sales and imports. Domestics are sales of autos produced in the U.S., Canada, and Mexico. Imports are U.S. sales of vehicles produced elsewhere. The data track all passenger cars and light trucks up to 14,000 pounds gross weight (including minivans and sport utility vehicles). Though totals include a relatively small portion sold to businesses, motor vehicle sales are good indicators of trends in consumer spending and often are considered a leading indicator at business cycle turning points.

    Description

    Since motor vehicle sales are an important element of consumer spending, market players watch this closely to get a handle on the direction of the economy. The pattern of consumption spending is one of the foremost influences on stock and bond markets. Strong economic growth translates to healthy corporate profits and higher stock prices. The bond market focus is on whether economic growth goes overboard and leads to inflation. Ideally, the economy walks that fine line between strong growth and excessive (inflationary) growth. This balance was achieved through much of the nineties. For this reason alone, investors in the stock and bond markets enjoyed huge gains during the bull market of the 1990s.

    Retail sales growth did slow down in tandem with the equity market during the 2001 recession but then, boosted by a low interest rate environment, rose sharply through 2007 before falling sharply during the Great Recession. Sales then recovered and, once again boosted by low rates, began a long period of steady and favorable growth.

    In a more specific sense, auto and truck sales show market conditions for auto makers and the slew of auto-related companies. These figures can influence particular stock prices and provide insight to investment opportunities in this industry. Given that most consumers borrow money to buy cars or trucks, sales also reflect confidence in current and future economic conditions.

    Source Article

    Apr
    18

    Ford’s first-quarter China vehicle sales down 35% as coronavirus hits demand

    FILE PHOTO: The Chinese national flag flies on the roof of a Ford car dealership in Beijing, China October 11, 2018. REUTERS/Thomas Peter

    BEIJING (Reuters) – Ford Motor Co (F.N) said on Thursday that its China vehicle sales in the first three months this year fell 34.9% from a year earlier to 88,770 units, as the novel coronavirus epidemic hit demand in the world’s biggest auto market.

    The Dearborn, Michigan-based company said, however, all its dealers in China had resumed work and its sales in March had returned to 75% of the same period last year.

    In China, Ford makes cars through Jiangling Motors Corp Ltd (JMC) (000550.SZ), in which it has a stake, and a joint venture with Chongqing Changan Automobile Co Ltd (000625.SZ).

    Ford has been trying to revive sales in China after its business began slumping in late 2017. Sales sank 26% in 2019, after a 37% drop in 2018. In 2017, its China sales fell 6% from a year earlier.

    China’s auto sales dropped 8% in 2019 and are expected to fall more than 5% this year. Overall auto sales slumped 42.4% in the first quarter.

    Sales of Ford’s larger U.S. rival, General Motors Co (GM.N), dropped 43.3% in China in the first quarter.

    Reporting by Yilei Sun and Brenda Goh; Editing by Toby Chopra, Robert Birsel

    Our Standards:The Thomson Reuters Trust Principles.

    Source Article

    Apr
    7

    Ford First-Quarter Vehicle Sales Off 12.5%

    Ford Motor  (F) – Get Report reported a sales decline of 12.5% for the first quarter. 

    The company sold 516,330 vehicles in the quarter, led by 263,757 trucks and 189,720 SUVs. Truck sales dropped 5.4% and SUVs declined 11%. 

    Sedans, of which Ford has been gradually ceasing production for two years, fell 36% to 62,853 vehicles. 

    The coronavirus pandemic hit the company’s sales in March, the company said. 

    “Our dealers and employees have jumped into action to support healthcare workers, their communities and millions of our customers,” Vice President of U.S. Marketing, Sales and Service Mark LaNeve said in a statement.

    The company “is working around the clock on everything from building health-care equipment, assisting our dealership network and providing our customers peace of mind through deferred vehicle payments.”

    .Ford’s F-Series line of trucks began the year as the best-selling vehicle in the U.S. with 186,562 vehicles sold. That figure is down 13% from a year earlier, but Ford said the drop reflects the “timing of our fleet sales and weaker retail sales in March due to coronavirus.”

    Meanwhile, the company’s Explorer SUV was the country’s bestselling midsize SUV with sales of 56,310 vehicles. 

    At last check Ford shares were trading 1% higher at $4.44.

    Fiat Chrysler FCAU on Wednesday reported a 10.4% decline in sales

    General Motors  (GM) – Get Report reported a 7% decline in first-quarter sales 

    Source Article

    Apr
    4

    U.S. light vehicle sales in March fall 27% on month as virus outbreak intensifies

    FILE PHOTO: Automobiles are shown for sale at a car dealership in Carlsbad, California, U.S. May 2, 2016. REUTERS/Mike Blake/File Photo

    (Reuters) – Light vehicle sales in the United States fell nearly 27% in March compared with a month earlier, data released by an automotive research group showed on Wednesday, as the coronavirus outbreak intensified and shuttered dealerships across much of the country.

    Last month, 992,392 light vehicles were sold, down from about 1.4 million in February, according to Wards Intelligence.

    The seasonally adjusted annualized rate for U.S. cars and light trucks sales was estimated at 11.4 million units, down from 16.8 million units in February, Wards Intelligence said.

    Moody’s Investors Service said on Friday that U.S. light vehicle sales would fall at least 15% in 2020 as the ratings agency sharply cut its 2020 outlook for global auto sales, with Western Europe expected to take the biggest hit.

    The development comes as the United States is looking at an increasing number of deaths from the coronavirus outbreak, with Reuters’ tally showing more than 4,500 deaths and over 200,000 infections.

    President Donald Trump and his top healthcare advisers urged Americans to follow strict social distancing measures ahead of a “tough two weeks” that could see at least 100,000 deaths from the coronavirus.

    Reporting by Kanishka Singh in Bengaluru; Editing by Subhranshu Sahu

    Our Standards:The Thomson Reuters Trust Principles.

    Source Article