June 2009 Vehicles Sales
07-01-09, 12:07 PM
#16
Super Moderator
Thread Starter
Kia Motors America
Kia Motors America Announces June Sales
June Marks Fourth Consecutive Month of Sales Increase
IRVINE, Calif., July 1 /PRNewswire/ -- Kia Motors America (KMA) today announced June sales of 26,845 units, and year-to-date sales of 147,404 total units. KMA posted its fourth consecutive month of increased sales, up 3 percent from May. Optima and Rio posted significant month-over-month increases of 57 percent and 46.9 percent respectively. In addition to healthy Optima and Rio sales, Sportage recorded strong sales of 6,267 units in June, a 42.1-percent increase over May sales of 4,409.
Kia Motors is in the midst of a design-led evolution that is continued by the recent launch of the Forte compact sedan in June, followed closely by the Forte Koup, Kia Motors' first-ever two-door coupe, which is set to hit Kia retailers later this summer. The strikingly styled Denim Soul special edition also was launched in June with more special editions rolling out throughout the year, giving consumers a unique alternative for even more personalization options available at a tremendous value.
SOURCE Kia Motors America
June Marks Fourth Consecutive Month of Sales Increase
IRVINE, Calif., July 1 /PRNewswire/ -- Kia Motors America (KMA) today announced June sales of 26,845 units, and year-to-date sales of 147,404 total units. KMA posted its fourth consecutive month of increased sales, up 3 percent from May. Optima and Rio posted significant month-over-month increases of 57 percent and 46.9 percent respectively. In addition to healthy Optima and Rio sales, Sportage recorded strong sales of 6,267 units in June, a 42.1-percent increase over May sales of 4,409.
Kia Motors is in the midst of a design-led evolution that is continued by the recent launch of the Forte compact sedan in June, followed closely by the Forte Koup, Kia Motors' first-ever two-door coupe, which is set to hit Kia retailers later this summer. The strikingly styled Denim Soul special edition also was launched in June with more special editions rolling out throughout the year, giving consumers a unique alternative for even more personalization options available at a tremendous value.
Code:
MONTH OF JUNE YEAR-TO-DATE
Model 2009 2008 2009 2008
Rio 2,468 3,337 11,742 20,961
Spectra 6,931 7,131 36,997 42,957
Optima 3,645 6,865 14,703 28,808
Amanti 169 1,117 3,371 2,090
Sportage 6,267 2,001 22,134 19,252
Sorento 1,189 1,950 15,736 11,257
Sedona 1,788 3,719 19,420 16,320
Rondo 891 2,172 9,262 15,974
Borrego 428 n/a 2,597 n/a
Soul 2,811 n/a 11,174 n/a
Forte 258 n/a 268 n/a
Total 26,845 28,292 147,404 157,619
07-01-09, 01:11 PM
#17
Super Moderator
Thread Starter
Subaru of America
Subaru of America, Inc. Has Best June Sales Ever
CHERRY HILL, NJ UNITED STATES
- Subaru Legacy, Impreza and Forester Sales Continue to Break Records -
CHERRY HILL, N.J., July 1 /PRNewswire/ -- Subaru of America, Inc. today announced that it set a sales record for the month of June as sales were up 3-percent with 18,620 units sold in June 2009 versus 18,007 units sold in June 2008. Subaru sales for June 2009 also showed a 6-percent increase over May 2009 Subaru sales.
The 2009 Subaru Legacy sedan and Impreza vehicles each set sales records for the month. Subaru Legacy had a 28-percent increase in sales over June 2008, while Subaru Impreza sales were up 24-percent over last year's June sales, which represents the model's best ever monthly sales. The award-winning Subaru Forester recorded an increase in sales of 31-percent for the year to June resulting in its highest ever June-YTD sales.
On a YTD basis, the company reported sales of 93,306 units, which is a decline of just 1-percent of June 2008 sales of 94,095 units.
"The June sales record is a fitting close to a first half in which Subaru held record market share," said Tim Colbeck, senior vice president of sales, Subaru of America, Inc. "Our June results confirmed the strength of the Subaru brand, our AWD vehicles and the Subaru dealer network. With our product line-up firing on all cylinders, we expect to continue performing well as we begin to ship the new 2010 Legacy and Outback models this month."
"Our franchise continues to outperform the market as our retail organization is focused on presenting our customers with the safety, value, reliability, durability and fuel economy that our award-winning line up of AWD products represents," said Tom Doll, executive vice president and chief operating officer, Subaru of America, Inc.
SOURCE Subaru of America, Inc.
CHERRY HILL, NJ UNITED STATES
- Subaru Legacy, Impreza and Forester Sales Continue to Break Records -
CHERRY HILL, N.J., July 1 /PRNewswire/ -- Subaru of America, Inc. today announced that it set a sales record for the month of June as sales were up 3-percent with 18,620 units sold in June 2009 versus 18,007 units sold in June 2008. Subaru sales for June 2009 also showed a 6-percent increase over May 2009 Subaru sales.
The 2009 Subaru Legacy sedan and Impreza vehicles each set sales records for the month. Subaru Legacy had a 28-percent increase in sales over June 2008, while Subaru Impreza sales were up 24-percent over last year's June sales, which represents the model's best ever monthly sales. The award-winning Subaru Forester recorded an increase in sales of 31-percent for the year to June resulting in its highest ever June-YTD sales.
On a YTD basis, the company reported sales of 93,306 units, which is a decline of just 1-percent of June 2008 sales of 94,095 units.
"The June sales record is a fitting close to a first half in which Subaru held record market share," said Tim Colbeck, senior vice president of sales, Subaru of America, Inc. "Our June results confirmed the strength of the Subaru brand, our AWD vehicles and the Subaru dealer network. With our product line-up firing on all cylinders, we expect to continue performing well as we begin to ship the new 2010 Legacy and Outback models this month."
Code:
Jun-09 Jun-08 % chg YTD June-09 YTD June-08 % chg
Legacy 2,984 2,339 28% 12,627 11,327 11%
Outback* 3,721 4,704 -21% 18,927 24,979 -24%
Impreza 5,041 4,053 24% 22,157 23,543 -6%
Forester 6,090 5,830 4% 36,158 27,569 31%
Tribeca 784 1,081 -27% 3,437 6,676 -49%
Total** 18,620 18,007 3% 93,306 94,094 -1%
* Includes Legacy Wagon
**2008 total does not include 1 Baja sale in 2008
SOURCE Subaru of America, Inc.
07-01-09, 01:12 PM
#18
Super Moderator
Thread Starter
Mitsubishi
Mitsubishi Motors Reports June Sales
CYPRESS, Calif., July 1 /PRNewswire/ -- Mitsubishi Motors North America (MMNA) today announced June 2009 sales of 4,362. June sales showed a modest increase over May of this year. However, this month over month sales increase defies the typical seasonality trend for this period.
"While June was a challenging sales month for automakers, there are indications that U.S. auto sales are entering a long, slow turn in the right direction. We are encouraged by the improved May and June sales figures showing a month over month increase, and hope to strengthen this momentum in the coming months," said MMNA Executive Vice President of Operations John Koenig.
Koenig said there's additional good news for MMNA on the product front. "The five-door Lancer Sportback Ralliart and GTS that we're adding to our lineup this summer are being enthusiastically received by dealers," he added. "This is an exciting extension of the award-winning Lancer family of economical and fun-to-drive cars."
SOURCE Mitsubishi Motors North America
CYPRESS, Calif., July 1 /PRNewswire/ -- Mitsubishi Motors North America (MMNA) today announced June 2009 sales of 4,362. June sales showed a modest increase over May of this year. However, this month over month sales increase defies the typical seasonality trend for this period.
"While June was a challenging sales month for automakers, there are indications that U.S. auto sales are entering a long, slow turn in the right direction. We are encouraged by the improved May and June sales figures showing a month over month increase, and hope to strengthen this momentum in the coming months," said MMNA Executive Vice President of Operations John Koenig.
Koenig said there's additional good news for MMNA on the product front. "The five-door Lancer Sportback Ralliart and GTS that we're adding to our lineup this summer are being enthusiastically received by dealers," he added. "This is an exciting extension of the award-winning Lancer family of economical and fun-to-drive cars."
SOURCE Mitsubishi Motors North America
07-01-09, 01:14 PM
#19
Lexus Fanatic
put the GS on life support.
it's approaching RL status.
Do not resuscitate when it dips below 200.
oh, the impending doom. and it still has 2 more years to go!
i know i'm rehashing the same crap I always do.
But even if you put the GS on 0% financing, it would still only sell 600 tops.
it's approaching RL status.
Do not resuscitate when it dips below 200.
oh, the impending doom. and it still has 2 more years to go!
i know i'm rehashing the same crap I always do.
But even if you put the GS on 0% financing, it would still only sell 600 tops.
07-01-09, 01:26 PM
#20
Guest
Posts: n/a
Subaru 3.40 18,620
Volvo 0.59 7,042
Kia -5.11 26,845
Ford -8.26 133,684
Audi -8.28 7,524
Buick -10.69 8,601
Pontiac -16.41 23,740
Lexus -16.68 16,874
Volkswagen -18.02 19,027
BMW -20.05 16,744
Mini -21.22 4,105
Nissan -21.86 51,994
Mercedes -22.58 15,155
Hyundai -24.16 37,943
Lincoln -26.56 7,137
Honda -29.17 92,140
Infiniti -32.25 6,304
Chevy -33.30 106,712
Acura -33.53 8,280
Toyota -33.65 114,780
GMC -35.96 19,668
Mercury -37.10 7,332
Jeep -37.66 16,608
Dodge -40.43 37,936
Cadillac -40.90 8,473
Mitsubishi -41.79 4,362
Mazda -42.24 13,729
Hummer -47.97 1,078
Chrysler -49.30 13,753
Smart -56.15 1,116
Saab -58.39 779
Saturn -60.24 7,520
Porsche -65.96 902
Suzuki -78.04 2,149
Volvo 0.59 7,042
Kia -5.11 26,845
Ford -8.26 133,684
Audi -8.28 7,524
Buick -10.69 8,601
Pontiac -16.41 23,740
Lexus -16.68 16,874
Volkswagen -18.02 19,027
BMW -20.05 16,744
Mini -21.22 4,105
Nissan -21.86 51,994
Mercedes -22.58 15,155
Hyundai -24.16 37,943
Lincoln -26.56 7,137
Honda -29.17 92,140
Infiniti -32.25 6,304
Chevy -33.30 106,712
Acura -33.53 8,280
Toyota -33.65 114,780
GMC -35.96 19,668
Mercury -37.10 7,332
Jeep -37.66 16,608
Dodge -40.43 37,936
Cadillac -40.90 8,473
Mitsubishi -41.79 4,362
Mazda -42.24 13,729
Hummer -47.97 1,078
Chrysler -49.30 13,753
Smart -56.15 1,116
Saab -58.39 779
Saturn -60.24 7,520
Porsche -65.96 902
Suzuki -78.04 2,149
Last edited by LexFather; 07-01-09 at 02:48 PM.
07-01-09, 01:29 PM
#21
Super Moderator
Thread Starter
June Is Priciest Ever for Automaker Incentives, Edmunds.com Reports
July 01, 2009
SANTA MONICA, Calif. - Automakers spent more in June on incentives than any June on record, Edmunds.com reports.
The average automaker incentive was $2,930 per vehicle sold in June up $489 - or 20 percent, from a year ago, Edmunds.com estimates. Incentives were down a scant $22, or 0.8 percent, from May.
"June incentives have never been higher, but we anticipate that the tide is about to turn," said Jesse Toprak, Edmunds.com's executive director of Industry Analysis. "The effects of recent production cuts are starting to be felt, and as supply dwindles, incentives will fall."
By region of origin, combined incentives spending for:
- domestic manufacturers averaged $3,821 per vehicle sold in June, up from $3,736 in May;
- European automakers declined from May $448 to $3,238 per vehicle sold;
- Japanese automakers decreased $169 to $1,729 per vehicle sold;
- Korean automakers increased by $252 to $3,083 per vehicle sold.
In June, the industry's aggregate incentive spending is estimated to have totaled approximately $2.6 billion, down 4.7 percent from May 2009.
Chrysler, Ford and General Motors spent an aggregate of $1.6 billion, or 60.3 percent of the total; Japanese manufacturers spent $574 million, or 22.1 percent; European manufacturers spent $253 million, or 9.7 percent; and Korean manufacturers spent $206 million, or 7.9 percent.
"This is the third consecutive month in which Honda set a new record for its spending," Toprak said. "Car-shoppers are focused on value right now, and some automakers are making a concerted effort to market their cars from that angle."
Among vehicle segments, premium sport cars had the highest average incentives, $5,481 per vehicle sold, followed by large trucks at $4,160. Subcompact cars had the lowest average incentives per vehicle sold, $1,207, followed by compact cars at $2,075.
Analysis of incentives expenditures as a percentage of average sticker price for each segment shows minivans averaged the highest at 13.1 percent of sticker price, followed by large cars at 12.9 percent of sticker price. Premium luxury cars averaged the lowest with 4.9 percent and premium sport cars followed with 5.9 percent of sticker price.
Comparing all brands, Scion spent the least at $205 followed by Mini at $579 per vehicle sold. At the other end of the spectrum, Cadillac spent the most at $6,069, followed by Hummer at $5,828 per vehicle sold.
Relative to their vehicle prices, Chrysler and Dodge spent the most, 17.8 percent and 16.8 percent of sticker price, respectively; while Scion spent 1.2 and Mini spent 2.6 percent.
Edmunds.com's monthly True Cost of Incentives (TCI) report takes into account all automakers' various U.S. incentives programs, including subvented interest rates and lease programs, as well as cash rebates to consumers and dealers. To ensure the greatest possible accuracy, Edmunds.com bases its calculations on sales volume, including the mix of vehicle makes and models for each month, as well as on the proportion of vehicles for which each type of incentive was used.
SANTA MONICA, Calif. - Automakers spent more in June on incentives than any June on record, Edmunds.com reports.
The average automaker incentive was $2,930 per vehicle sold in June up $489 - or 20 percent, from a year ago, Edmunds.com estimates. Incentives were down a scant $22, or 0.8 percent, from May.
"June incentives have never been higher, but we anticipate that the tide is about to turn," said Jesse Toprak, Edmunds.com's executive director of Industry Analysis. "The effects of recent production cuts are starting to be felt, and as supply dwindles, incentives will fall."
By region of origin, combined incentives spending for:
- domestic manufacturers averaged $3,821 per vehicle sold in June, up from $3,736 in May;
- European automakers declined from May $448 to $3,238 per vehicle sold;
- Japanese automakers decreased $169 to $1,729 per vehicle sold;
- Korean automakers increased by $252 to $3,083 per vehicle sold.
In June, the industry's aggregate incentive spending is estimated to have totaled approximately $2.6 billion, down 4.7 percent from May 2009.
Chrysler, Ford and General Motors spent an aggregate of $1.6 billion, or 60.3 percent of the total; Japanese manufacturers spent $574 million, or 22.1 percent; European manufacturers spent $253 million, or 9.7 percent; and Korean manufacturers spent $206 million, or 7.9 percent.
"This is the third consecutive month in which Honda set a new record for its spending," Toprak said. "Car-shoppers are focused on value right now, and some automakers are making a concerted effort to market their cars from that angle."
Among vehicle segments, premium sport cars had the highest average incentives, $5,481 per vehicle sold, followed by large trucks at $4,160. Subcompact cars had the lowest average incentives per vehicle sold, $1,207, followed by compact cars at $2,075.
Analysis of incentives expenditures as a percentage of average sticker price for each segment shows minivans averaged the highest at 13.1 percent of sticker price, followed by large cars at 12.9 percent of sticker price. Premium luxury cars averaged the lowest with 4.9 percent and premium sport cars followed with 5.9 percent of sticker price.
Comparing all brands, Scion spent the least at $205 followed by Mini at $579 per vehicle sold. At the other end of the spectrum, Cadillac spent the most at $6,069, followed by Hummer at $5,828 per vehicle sold.
Relative to their vehicle prices, Chrysler and Dodge spent the most, 17.8 percent and 16.8 percent of sticker price, respectively; while Scion spent 1.2 and Mini spent 2.6 percent.
Edmunds.com's monthly True Cost of Incentives (TCI) report takes into account all automakers' various U.S. incentives programs, including subvented interest rates and lease programs, as well as cash rebates to consumers and dealers. To ensure the greatest possible accuracy, Edmunds.com bases its calculations on sales volume, including the mix of vehicle makes and models for each month, as well as on the proportion of vehicles for which each type of incentive was used.
07-01-09, 01:36 PM
#22
Super Moderator
Thread Starter
Audi
Audi expects a 9.1% share of June U.S. imported luxury vehicle sales
- Audi vehicle sales equal 9.1% of U.S. imported luxury sector, based on preliminary totals for the month; second highest U.S. share in Audi history, after 9.2% in April 2009
- Audi achieves best sales month of 2009
- Audi Q5 continues to be popular with 1,324 sold this month; Q7 TDI clean diesel makes up just over 25% of total Q7 sales for June
HERNDON, Va., Jul 1, 2009 - Audi today announced that U.S. sales for the month of June reached 7,524 units, its best sales month of 2009. Despite an economic environment that remains challenging, Audi expects its market share will improve in June, to 9.1% based on preliminary industry figures.
Preliminary sales and market share totals for the entire imported luxury vehicle segment in the U.S. indicate that Audi captured its second-highest share of the U.S. imported luxury car market in June 2009, trailing only the 9.2% share Audi achieved in April 2009. Audi also expects to realize an imported luxury vehicle share of more than 8.2% through the first six months of the year. That compares to a June 2008 Audi market share of nearly 7.8% and a January through June 2008 share of 6.7%.
Strong consumer demand for the Audi Q5 crossover vehicle and impressive early demand for the new Audi Q7 TDI clean diesel model contributed to the increased Audi market share for the month and the first half of 2009.
The Audi A4 Cabriolet also received a strong response from consumers, achieving its best month of sales since June 2008. Another success story for Audi was the Audi A5, which achieved sales of more than 167% over the same month last year.
"Each month of 2009 has demonstrated the strength of the Audi brand in the face of difficult economic headwinds,” said Johan de Nysschen, President, Audi of America. “The trend is clear: Audi is outperforming the rest of the imported luxury car market on a percentage basis. And this is happening without extraordinary discounting and other gimmicks. It is a testament to the long-term momentum Audi has developed and the caliber of our products in the freshest fleet out there.”
In its fourth full month, the Audi Q5 luxury crossover vehicle continues to garner extremely strong consumer interest. With 1,324 units sold in June, the Q5 surpassed the previous month's sales record by 84.9%. The rapid inventory turnaround at dealerships nationwide is another proof point of the strong demand for the Audi Q5.
In its second full month of sales, the new Audi Q7 TDI received a positive response with 202 sales in June, accounting for 26% of total Q7 sales. Total sales for the Audi Q7 reached 771.
With 737 units sold, the Audi A4 Cabriolet recorded a 20% sales gain in June 2009 from a month earlier and was down only 4.9% from June 2008 demand. Overall sales of the Audi A4 model portfolio reached 3,644 units in June and 18,101 through the first six months of the year.
Also continuing its strength in 2009, Audi A5 sales increased over last year by 167.9%, with 635 units sold this June. The A5 exceeded total sales from 2008 over the same period by 60.4%, due to 3,785 units sold in 2009.
The Audi yearly event, Summer of Audi, drove strong showroom and Internet traffic in May and June, up 9% and 62%, respectively, over the event last year. Audi recorded 2,667 Certified Pre-Owned (CPO) units sold in June, and has now exceeded 16,024 CPO sales in 2009.
- Audi vehicle sales equal 9.1% of U.S. imported luxury sector, based on preliminary totals for the month; second highest U.S. share in Audi history, after 9.2% in April 2009
- Audi achieves best sales month of 2009
- Audi Q5 continues to be popular with 1,324 sold this month; Q7 TDI clean diesel makes up just over 25% of total Q7 sales for June
HERNDON, Va., Jul 1, 2009 - Audi today announced that U.S. sales for the month of June reached 7,524 units, its best sales month of 2009. Despite an economic environment that remains challenging, Audi expects its market share will improve in June, to 9.1% based on preliminary industry figures.
Preliminary sales and market share totals for the entire imported luxury vehicle segment in the U.S. indicate that Audi captured its second-highest share of the U.S. imported luxury car market in June 2009, trailing only the 9.2% share Audi achieved in April 2009. Audi also expects to realize an imported luxury vehicle share of more than 8.2% through the first six months of the year. That compares to a June 2008 Audi market share of nearly 7.8% and a January through June 2008 share of 6.7%.
Strong consumer demand for the Audi Q5 crossover vehicle and impressive early demand for the new Audi Q7 TDI clean diesel model contributed to the increased Audi market share for the month and the first half of 2009.
The Audi A4 Cabriolet also received a strong response from consumers, achieving its best month of sales since June 2008. Another success story for Audi was the Audi A5, which achieved sales of more than 167% over the same month last year.
"Each month of 2009 has demonstrated the strength of the Audi brand in the face of difficult economic headwinds,” said Johan de Nysschen, President, Audi of America. “The trend is clear: Audi is outperforming the rest of the imported luxury car market on a percentage basis. And this is happening without extraordinary discounting and other gimmicks. It is a testament to the long-term momentum Audi has developed and the caliber of our products in the freshest fleet out there.”
In its fourth full month, the Audi Q5 luxury crossover vehicle continues to garner extremely strong consumer interest. With 1,324 units sold in June, the Q5 surpassed the previous month's sales record by 84.9%. The rapid inventory turnaround at dealerships nationwide is another proof point of the strong demand for the Audi Q5.
In its second full month of sales, the new Audi Q7 TDI received a positive response with 202 sales in June, accounting for 26% of total Q7 sales. Total sales for the Audi Q7 reached 771.
With 737 units sold, the Audi A4 Cabriolet recorded a 20% sales gain in June 2009 from a month earlier and was down only 4.9% from June 2008 demand. Overall sales of the Audi A4 model portfolio reached 3,644 units in June and 18,101 through the first six months of the year.
Also continuing its strength in 2009, Audi A5 sales increased over last year by 167.9%, with 635 units sold this June. The A5 exceeded total sales from 2008 over the same period by 60.4%, due to 3,785 units sold in 2009.
The Audi yearly event, Summer of Audi, drove strong showroom and Internet traffic in May and June, up 9% and 62%, respectively, over the event last year. Audi recorded 2,667 Certified Pre-Owned (CPO) units sold in June, and has now exceeded 16,024 CPO sales in 2009.
07-01-09, 01:44 PM
#23
Looks like the RX production finally picked up and it actually sold more than June, 08 despite the lack of RX450h...
Boys and girls, for a truly successful new generation model, it WILL sell better than the out-going model the yeah before even in this kind of economy. We have the RX as proof right here.
With the RX hybrid and HS250h coming it wouldn't be an easy win for BMW if they are going to capture the sales crown this year.
Boys and girls, for a truly successful new generation model, it WILL sell better than the out-going model the yeah before even in this kind of economy. We have the RX as proof right here.
With the RX hybrid and HS250h coming it wouldn't be an easy win for BMW if they are going to capture the sales crown this year.
07-01-09, 01:50 PM
#24
Super Moderator
Thread Starter
Porsche
Porsche Reports June Sales in U.S. - Stinks VS 2008
ATLANTA - July 1, 2009: Porsche Cars North America, Inc. (PCNA), importer and distributor of Porsche sports cars and Cayenne SUVs in the United States, today announced June sales in the U.S. of 902 units compared to the same period last year when it sold 2,650.
For the first half of the year — clearly one of the most challenging car markets in recent history — Porsche has sold 9,659 cars compared to last year when it sold 15,086 during the same six-month period.
For the month of June, Porsche’s Approved Certified Pre-Owned vehicle sales were 620, compared to 576 for the same period last year.
ATLANTA - July 1, 2009: Porsche Cars North America, Inc. (PCNA), importer and distributor of Porsche sports cars and Cayenne SUVs in the United States, today announced June sales in the U.S. of 902 units compared to the same period last year when it sold 2,650.
For the first half of the year — clearly one of the most challenging car markets in recent history — Porsche has sold 9,659 cars compared to last year when it sold 15,086 during the same six-month period.
For the month of June, Porsche’s Approved Certified Pre-Owned vehicle sales were 620, compared to 576 for the same period last year.
07-01-09, 02:03 PM
#25
Guest
Posts: n/a
Jaguar, Land Rover sales hurt Tata Motors
http://www.thedeal.com/corporatedeal...t_drops_60.php
Posted on June 26, 2009 at 12:30 PM
Tata Motors Ltd., which spent $2.4 billion acquiring the Jaguar and Land Rover brands from Ford Motor Co. (NYSE:F) a year ago, just reported its first annual loss in at least seven years as the recession strangled sales in its luxury unit. Tata lost about 25 billion rupees ($520 million) for the fiscal year. It had a net profit of Rs21.68 billion in the previous fiscal year.
For Ford, it was a timely divestiture on the eve of the financial crisis. Tata, which is now trying to cut costs (but denied fundraising rumors), is more known for subcompacts, trucks and buses, not luxury vehicles. In March, it launched the Tata Nano. It's a few days away from introducing Jaguar and Land Rover -- which actually made a profit in the first half of 2008 -- in India.
A Bloomberg report, which noted the Jaguar Land Rover unit had a pretax loss of Rs18 billion, quoted an industry consultant saying that turning around the unit is "challenging because a company focused on the mass market with basic technologies is trying to turn around a premium marquee brand with complicated technologies and low volumes."
As long as we're talking Tata, it's worth mentioning that Tata Steel, the world's No. 6 steelmaking company, hasn't hit a balance between yesteryear's soaring commodity prices and the bottom of the global economic downturn. Reeling from restructuring costs and low demand as shrinking steel inventories have yet to be replenished by potential buyers, the Indian steel giant reported a 60% drop in profit for the full year ended in March. And it lost Rs45.3 billion in its most recent quarter.
Tata Steel said there was "severe demand contraction" in Europe. It also said 2,045 jobs are at risk. Tata Motors may also look to job cuts. - Baz Hiralal
http://www.thedeal.com/corporatedeal...t_drops_60.php
Posted on June 26, 2009 at 12:30 PM
Tata Motors Ltd., which spent $2.4 billion acquiring the Jaguar and Land Rover brands from Ford Motor Co. (NYSE:F) a year ago, just reported its first annual loss in at least seven years as the recession strangled sales in its luxury unit. Tata lost about 25 billion rupees ($520 million) for the fiscal year. It had a net profit of Rs21.68 billion in the previous fiscal year.
For Ford, it was a timely divestiture on the eve of the financial crisis. Tata, which is now trying to cut costs (but denied fundraising rumors), is more known for subcompacts, trucks and buses, not luxury vehicles. In March, it launched the Tata Nano. It's a few days away from introducing Jaguar and Land Rover -- which actually made a profit in the first half of 2008 -- in India.
A Bloomberg report, which noted the Jaguar Land Rover unit had a pretax loss of Rs18 billion, quoted an industry consultant saying that turning around the unit is "challenging because a company focused on the mass market with basic technologies is trying to turn around a premium marquee brand with complicated technologies and low volumes."
As long as we're talking Tata, it's worth mentioning that Tata Steel, the world's No. 6 steelmaking company, hasn't hit a balance between yesteryear's soaring commodity prices and the bottom of the global economic downturn. Reeling from restructuring costs and low demand as shrinking steel inventories have yet to be replenished by potential buyers, the Indian steel giant reported a 60% drop in profit for the full year ended in March. And it lost Rs45.3 billion in its most recent quarter.
Tata Steel said there was "severe demand contraction" in Europe. It also said 2,045 jobs are at risk. Tata Motors may also look to job cuts. - Baz Hiralal
Last edited by LexFather; 07-01-09 at 02:13 PM.
07-01-09, 02:08 PM
#26
Super Moderator
Thread Starter
Mazda Reports June 2009 Sales
Mazda Reports June 2009 Sales
IRVINE, Calif., July 1 /PRNewswire/ -- Mazda North American Operations (MNAO) today reported June 2009 sales of 13,729, down 42.2 percent versus June of 2008, and down 44.6 percent on a Daily Selling Rate (DSR) basis. Overall, total yearly sales are reported at 100,381, down 34.5 percent compared to 2008, or 34.0 percent on a DSR basis.
Mazda Motor de Mexico (MMdM) reported June sales of 1,181, down 26 percent versus June of 2008. For the year, MMdM sales are down 10 percent with 8,995 vehicles sold.
SOURCE Mazda North American Operations
IRVINE, Calif., July 1 /PRNewswire/ -- Mazda North American Operations (MNAO) today reported June 2009 sales of 13,729, down 42.2 percent versus June of 2008, and down 44.6 percent on a Daily Selling Rate (DSR) basis. Overall, total yearly sales are reported at 100,381, down 34.5 percent compared to 2008, or 34.0 percent on a DSR basis.
Mazda Motor de Mexico (MMdM) reported June sales of 1,181, down 26 percent versus June of 2008. For the year, MMdM sales are down 10 percent with 8,995 vehicles sold.
Code:
Month-To-Date Year-To-Date
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June June % % MTD June June % % YTD
2009 2008 Change DSR 2009 2008 Change DSR
---- ---- ------ --- ---- ---- ------ ---
Mazda3 6,633 12,346 (46.3)% (48.4)% 45,216 61,475 (26.4)% (26.0)%
Mazda5 1,209 1,416 (14.6)% (18.0)% 10,403 11,977 (13.1)% (12.6)%
Mazda6 1,839 3,685 (50.1)% (52.1)% 17,648 33,063 (46.6)% (46.3)%
MX-5
Miata 513 1,064 (51.8)% (53.7)% 4,643 7,149 (35.1)% (34.6)%
RX-8 189 333 (43.2)% (45.5)% 1,075 1,881 (42.8)% (42.5)%
CX-7 1,237 1,975 (37.4)% (39.9)% 8,431 15,974 (47.2)% (46.9)%
CX-9 1,568 1,830 (14.3)% (17.7)% 9,711 13,223 (26.6)% (26.1)%
Tribute 479 1,008 (52.5)% (54.4)% 2,867 7,576 (62.2)% (61.9)%
B-Series
Truck 62 114 (45.6)% (47.8)% 387 823 (53.0)% (52.7)%
Total
Vehicles
---------
CARS 10,383 18,844 (44.9)% (47.1)% 78,985 115,545 (31.6)% (31.2)%
TRUCKS 3,346 4,927 (32.1)% (34.8)% 21,396 37,596 (43.1)% (42.7)%
----- ----- ----- ------ ------ -----
TOTAL 13,729 23,771 (42.2)% (44.6)% 100,381 153,141 (34.5)% (34.0)%
====== ====== ===== ===== ======= ======= ===== =====
-----
MEMO:
-----
IMPORT
CAR 8,544 15,159 (43.6)% 61,337 82,482 (25.6)%
IMPORT
TRUCK 2,805 3,805 (26.3)% 18,142 29,197 (37.9)%
----- ----- ----- ------ ------ -----
IMPORT
TOTAL 11,349 18,964 (40.2)% 79,479 111,679 (28.8)%
DOMESTIC
CAR 1,839 3,685 (50.1)% 17,648 33,063 (46.6)%
DOMESTIC
TRUCK 541 1,122 (51.8)% 3,254 8,399 (61.3)%
--- ----- ----- ----- ----- -----
DOMESTIC
TOTALS 2,380 4,807 (50.5)% 20,902 41,462 (49.6)%
-------- ----- ----- ----- ------ ------ -----
Selling
Days 25 24 153 154
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07-01-09, 02:10 PM
#27
Guest
Posts: n/a
People laughed when I said Audi would overtake Infiniti....Infinit, stick a fork in them, the all new FX/EX are complete failures.....Audi is climbing..Acura fell a few slots last month. The TL got ousold by pretty much everything in class last month. The MDX got outsold by the M-class, I've never seen that before.
Volvo C70 sales climbed in its coupe class. The E-class actually ousold the 5 series! First time in a long time that happened. 7 series beat the LS by 1 unit
People seem to really like the new Maxima!
As for Lexus, the ISc, HS and RX 450h will give them a shot in the arm. The GS, SC, GX, LS are selling very slowly.
Volvo C70 sales climbed in its coupe class. The E-class actually ousold the 5 series! First time in a long time that happened. 7 series beat the LS by 1 unit
People seem to really like the new Maxima!
As for Lexus, the ISc, HS and RX 450h will give them a shot in the arm. The GS, SC, GX, LS are selling very slowly.
