Domestic Japanese Car Sales Plunge 15.8%

July 1, 2013

Plop, there goes another one … Japanese consumer takes up in the shorts.

Nikkei reports, Japan’s domestic sales of new cars, trucks, and buses declined 15.8% for a year earlier in June for the second consecutive month. Even if one argues that Abenomics goal is not just boosting the domestic economy, total Japanese car sales were down almost 11% YoY as Honda saw its sales drop a stunning 40.7%. The latest figures continue this year’s downward trend and while some blame the particularly sharp drop on fewer selling days in June, the auto dealer’s association also said reflects the “ongoing severe” situation in the domestic market.

Insight: GM’s Volt – The Ugly Math Of Low Sales, High Costs

September 10, 2012

General Motors Co sold a record number of Chevrolet Volt sedans in August — but that probably isn’t a good thing for the automaker’s bottom line.

Nearly two years after the introduction of the path-breaking plug-in hybrid, GM is still losing as much as $49,000 on each Volt it builds, according to estimates provided to Reuters by industry analysts and manufacturing experts.

Cheap Volt lease offers meant to drive more customers to Chevy showrooms this summer may have pushed that loss even higher. There are some Americans paying just $5,050 to drive around for two years in a vehicle that cost as much as $89,000 to produce.

And while the loss per vehicle will shrink as more are built and sold, GM is still years away from making money on the Volt, which will soon face new competitors from Ford, Honda and others.

GM’s basic problem is that “the Volt is over-engineered and over-priced,” said Dennis Virag, president of the Michigan-based Automotive Consulting Group.

And in a sign that there may be a wider market problem, Nissan, Honda and Mitsubishi have been struggling to sell their electric and hybrid vehicles, though Toyota’s Prius range has been in increasing demand.

GM’s quandary is how to increase sales volume so that it can spread its estimated $1.2-billion investment in the Volt over more vehicles while reducing manufacturing and component costs – which will be difficult to bring down until sales increase.

Tehe doom of the quest to sell something people don’t want to buy … Liberalism. when was the last time in the last months, you drove down to the Chevy dealer to look at a Chevy Volt? Ah that’s the problem.

Honda being sued in small claims court by woman they ignored over hybrid gas-electric mileage claim

January 5, 2012

Watts Up With That?

This is novel. A woman who is upset with Honda over lack of promised gas mileage on her HondaCivic Hybrid. It seems as the battery aged, the mileage went from the EPA sanctioned 51mpg highway sticker value to about 30. Honda ignored her complaint, and now she has a real chance of winning a landmark case in small claims court and Honda is taking a PR hit as the issue goes viral. A video report follows below.

Never heard of battery aging.

Honda Revs Up Outside Japan

December 21, 2011

Honda Motor Co. plans to shift a major chunk of its manufacturing to North America over the next two years, bulking up production capacity in the region by as much as 40% to combat a strengthening yen that has made Japanese cars too expensive to export around the world.

The 63-year-old car maker is accelerating its move away from Japanese manufacturing after huge challenges this year. Natural disasters and the yen’s gains pummeled its production and profit. It also confronts a vastly different market than a few years ago: the U.S. auto industry is revitalized and customers that once flocked …


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