Auto News – Nutson’s Weekly Auto News Wrap-up August 13-19, 2023


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Auto Central August 20, 2023; Every Sunday Larry Nutson, The Chicago Car Guy and Auto Channel
Executive Producer, with able assistance from senior editor Thom Cannell from The Auto Channel Michigan Bureau, compile The Auto Channel’s “take” on this past week’s
automotive news, condensed into easy to digest news Nuggets.

LEARN MORE: Complete versions of today’s news nuggets, along with thousands of pages of relevant
news and opinions, information stored in a million-page library published and indexed on The Auto Channel during the past 25 years.
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Here are Larry’s picks among the past week’s important, relevant, semi-secret,
or snappy automotive news, opinions and insider back stories presented as expertly crafted easy-to-understand automotive universe news nuggets.
for Nutson’s Auto News Weekly Wrap-up August 13-19, 2023

* From Cox Automotive we read that the consumer kept the economy on a growth trend through the month of July with robust spending. However, the index of consumer sentiment from Morning Consult fell last week as gas prices rose again. The average price for a gallon of unleaded gas is now down only 3% year over year when it had been down 23% a month ago.

* HONDA ACCORD: Rear seat safety is important and it’s an issue, according to IIHS. The Honda Accord outperformed other midsize cars in the updated moderate overlap front crash test, earning a rare good rating in the new, challenging evaluation focused on rear-seat protection. Among the other six midsize cars tested, the Subaru Outback earns an acceptable rating. The Nissan Altima and Toyota Camry are rated marginal. The Hyundai Sonata, Kia K5 and Volkswagen Jetta are rated poor.

* US DoE factoid of the week: From cradle to grave, electric vehicles have fewer greenhouse gas emissions than conventional vehicles. Cradle-to-grave greenhouse gas (GHG) emissions for a small gasoline SUV in 2020 were estimated to be 429 grams of carbon dioxide equivalent (CO2e) per mile, while the same size EV with 300 miles of range had 48% fewer GHG emissions. Argonne National Laboratory’s cradle-to-grave analysis considered everything from raw material extraction to vehicle scrappage to provide a holistic view of the sustainability of different vehicle and fuel technologies. The analysis showed that EVs (which have no tailpipe emissions) also have fewer GHG emissions than conventional gasoline or hybrid electric vehicles when the entire life cycle is considered. Argonne also provided emission estimates for technology anticipated to be available in 2030‒2050.

* EV charging satisfaction continues to drop, J.D. Power says. As EV adoption increases, J.D. Power says industry leaders should be concerned. Satisfaction with public charging during the first half of the year fell to its lowest level recorded in J.D. Power studies. Overall customer satisfaction with public Level 2 charging, the most commonly used option, declined by 16 points compared to a year ago, the lowest level since the report began in 2021, J.D. Power said. Satisfaction with direct current fast charging

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August U.S. car sales: Toyota, Honda skid all over again Ford, Hyundai, Kia put up double-digit August gains

Ford claimed a 27 % improve in August quantity, with the Ford division up 28 percent and Lincoln advancing 24 percent. The gains ended up broad throughout Ford Motor’s solution lineup, with utility car or truck volume leaping 48 per cent, vehicles soaring 13 % and autos up 49 %.

Ford said need remains sturdy, with retail orders for 2023 product vehicles totaling a lot more than 76,000 last thirty day period, a 41 per cent increase when compared to 2022 product calendar year vehicle orders from a year earlier. And for the fifth straight month, a lot more than 50 percent of Ford’s retail product sales arrived from earlier positioned orders.

The comapny said it finished August with 259,000 automobiles in vendor inventory or in transit, up from 254,000 at the finish of July and 215,000 as August 2021 closed.

Toyota Motor, with some of the leanest stockpiles, claimed quantity dropped 9.8 percent past month, with profits down 8.1 per cent at the Toyota division and 20 p.c at Lexus. It was the 13th-straight monthly drop at Toyota and seventh consecutive drop in Lexus’ month-to-month quantity. 

The Toyota brand’s top sellers posted mixed final results previous thirty day period: Camry, down 5.7 per cent Corolla, off 20 % Highlander, down 24 per cent RAV4, up 9.1 p.c and Tacoma, up 11 percent.

Toyota Motor mentioned it finished August with 132,932 motor vehicles in U.S. inventory — 16,556 at dealerships and 116,376 at ports or in transit — for a 21-working day supply, with truck provides higher than car stockpiles.

The Toyota division has a 20-day source of automobiles, even though Lexus is sitting down on a 26-working day supply of autos and light-weight vehicles, the corporation described Thursday.        

Honda Motor Co. reported August profits skidded 38 p.c, with deliveries down 36 percent at the Honda division and 47 p.c at Acura. Honda model product sales have now dropped 13 straight months, while Acura volumes have dropped 12 consecutive months.

Honda reported its days’ provide of motor vehicles continues to be stuck in the solitary digits, whilst a West Coastline rail embargo contributed to offer woes for the duration of the thirty day period.

Hyundai and Kia every finished a extend of 5-straight every month declines with strong August final results.

August quantity rose 14 per cent at Hyundai and 22 p.c at Kia driving robust retail desire for crossovers, EVs and some automobiles.

“We’re looking at stock start out to rebound, which resulted in potent revenue,” stated Randy Parker, CEO of Hyundai Motor The us. The corporation explained it finished August with 19,209 automobiles and lights vans in U.S. stock, up from 14,784 at the shut of July but off from 39,357 at the conclude of August 2021. Parker, in an job interview Thursday, said Hyundai expects manufacturing unit output to enhance 30 to 35 per cent in the second 50 percent, aiding to even more rebuild vendor stockpiles. 

Kia, with the lowest days’ supply of vehicles, in accordance

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