The prospect of a sharp rebound in second-quarter GDP helped underwrite May’s solid results, and indicates June should post a still-healthy 16 million-plus SAAR, even if some of its thunder was stolen in the prior month.
A red flag to watch for is extended shutdowns beyond traditional summer downtimes, especially at Ford, Fiat-Chrysler and General Motors. Other automakers could add downtime, but most likely would slow production.
With Subaru understocked in the segment, nearly all automakers selling midsize cars, including Ford, GM, Honda, Hyundai, Kia, Mazda, Nissan and Toyota, could withstand some trimming to inventory in the segment.
Inventory of domestically made LVs is where most of March’s excess inventory exists. There could be some production slowdowns, but higher retail incentives in place in March are likely to continue in April, and possibly increase.
GM’s March deliveries rose a respectable 8.1% from year-ago, but its share fell to one of its lowest ever for any month to 16.7%. The drop coincided with widely publicized recalls that occurred during the month.
Ultracaps, long considered too costly for widespread application in light vehicles, appear to be gaining traction – albeit ever so slowly – as electrification takes hold and automakers find the technology’s advantages harder to resist....More
Networked vehicles that can communicate with each other and the infrastructure open up a new range of possibilities for user functions that will make driving safer, more comfortable and environmentally friendly, the supplier says....More