Toyota is seeing the light at the end of the tunnel | Jobs Reply

A second generation Toyota Prius approaches the camera on a bridge

picture: the toyota

Toyota is seeing blue skies ahead, Carvana’s third-party sales are looking strong, and GM is looking to tap into that sweet subscription revenue. All that and more Morning shift For Friday, December 2, 2022.

1st Gear: Toyota predicts higher sales for 2023

Car sales have slowly begun to recover from chip-scarcity lows, but the shortage itself hasn’t abated. Toyota’s prediction for next year? More incremental sales growth, more shortages on the supply side. It is the same as it was. from Automotive news:

Toyota Motor Corp. believes the microchip shortage plaguing the U.S. auto industry could remain for an extended period, even as U.S. sales continue to slowly recover, according to the Japanese automaker’s sales chief.

Jack Hollis, in his first year as executive vice president of sales for Toyota Motor North America, said he sees the industry ending sales of 14 million new vehicles in the U.S. in 2022, recovering to 15 million in 2023 as manufacturing struggles continue. Shortages in supply of microchips and other components.

“For 2023, we think we’re really going to have a million more vehicles, which is great, because if you look at where we’ve been so limited in supply, I think there’s growth going on and growth paths to look at. Encouraging for everyone in the industry,” Hollis told Automotive News Thursday ahead of the automaker’s annual holiday party for Detroit media.

A seven percent sales jump, moving from 14 million units to 15 million, is still substantial. If that trend continues, we’ll see the car market ever-so-slowly return to its peak. And, for all of us, a new car boom will hopefully bring used prices back up to where they came from.

2nd Gear: Carvana’s third-party sales aren’t looking so hot

If you visit Carvana’s website, you will find a lot of cars sold by the company. You will also get the car no Sold by the company, but used by outside dealers as another storefront on the Carvana site. That proposal now appears to be dead. from Automotive news:

Carvana Co. Returning to its third-party marketplace program

The exact status of that program — where Carvana lists used cars and trucks from dealer partners and Carvana-owned and certified vehicles as well as other third-party sources for sale on its website — is unclear. Its fate was called into question in late October after a screenshot of an apparent program termination notice to the company’s dealer partners circulated on social media.

That screenshot said the company will no longer accept new vehicle listings from dealerships after November 30. Carvana declined to answer questions about the status of the program at the time.

CEO Ernie Garcia confirmed the pullback last month.

What’s next for Carvana? Who knows. The company is facing lawsuits and a potential recession When cutting ancillary revenue streams like this one. All these factors, when combined, usually point to a company that is highly financially stable and viable.

3rd Gear: GM wants subscription dollars

Automakers like BMW and Toyota have toyed with subscription services in their cars, but good old homegrown GM — the mastermind behind OnStar — would never do that to us. right? right?? from Detroit Free Press:

In July, luxury automaker BMW began selling some new eye-popping subscription-based services in several countries, including charging drivers $18 a month for heated seats and $10 a month for a heated steering wheel, features critics argued should be standard. .

General Motors assured investors on Thursday that it has no intention of charging customers for these features, but is confident that the car’s software and the microtransactions it will allow, such as payments for cloud-based services, will be big business for GM. – Sales now compared to sales in the future.

Earlier this year, GM said software-as-a-service would generate $20 billion to $25 billion in annual revenue by 2030. To get there, GM’s hundreds of data scientists are already studying consumer behavior, promising that GM will have more subscription services. Looking at ways to connect vehicle sales with vehicle and software services or with other new GM businesses, such as GM’s auto insurance through OnStar.

Membership is bad, but, As a dyed-in-the-wool piece of shit gamer, I can assure you that micro transactions are worse. I will not buy horse armor for my car. Turn it off.

4th Gear: November had a party and everyone was invited except Honda

Automotive newsThe roundup of November sales figures is here, and things are looking good Toyota, Mazda, Subaru, Hyundai and Kia all increased from last year. But what about Honda? Well, it looks like the company’s Black Friday invite got lost in the mail. from Automotive news:

U.S. sales at Toyota Motor Corp., Subaru, Mazda, Hyundai and Kia rose by double-digit percentages last month from a year ago, with the Hyundai and Kia brands both setting November records. Honda reported a drop for the month.

Deliveries rose 43 percent at Hyundai and 25 percent at Kia.

At Toyota, brand sales rose 12 percent, while Lexus fell 4.3 percent. Toyota car sales rose 42 percent, with the Corolla gaining 80 percent, but the brand sold 3.7 percent fewer SUVs.

Mazda Motor Corp. said November sales rose 31 percent to 26,906 vehicles.

Subaru deliveries are up 52 percent. Sales of the Subaru Crosstrek, Forester and Legacy more than doubled from a year ago.

But American Honda posted a 6.1 percent decline from November 2021 Sales fell 5.2 percent for the Honda brand and 14 percent for Acura

It’s surprising to see Honda at the bottom of this list, when its current car offering is so good. Maybe Acura needed to move more NSXs before discontinuing the line.

5th gear: UK insurers in trouble for undervalued cars

Have you ever had a damaged car, and found yourself struggling with insurance over how much the car was worth? It turns out that such low-balling is actually illegal in the UK. So, that’s one thing they got right. from Reuters:

Britain’s financial watchdog on Friday warned insurers against devaluing cars and other items when customers submit damage claims, and said it was taking unspecified action against firms that break its rules.

The Financial Conduct Authority said it had evidence that some consumers who repossessed their cars after accidents were being offered less than the car’s fair market value.

Offering prices lower than fair market value is not permitted under FCA rules.

Now, the fact that this insurance is Seen to break the law, what happens when you call Bobby? Or that fasting? When did Alex Turner hit a riot van?

Reverse: End of Enron-Zillions

Neutral: What are you listening to?

It was Spotify Wrapped Week, when customer data became fun little infographics for us all to share and compare. I’m no exception — lost Wrapped wSpotify is the hardest part to leave, and Last.FM is a poor alternative. But, suffice it to say that my song of the year was Mouthful of Diamonds by Phantogram. what was yours

On the Radio: Phantogram – “Mouthful of Diamonds”

Phantogram – Diamond face

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