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May, 2008 News & Analysis Below

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May 1, 2008  -  Automotive Sales Analysis
April auto sales analysis/reports/charts will be distributed
to subscribers this afternoon.

We will then post a summary below. 

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April & YTD US Auto Sales Overview

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April, 2008 sales, on an annualized basis, are the lowest since August, 1998.

 

May 2, 2008  -  GM Reports April Production & Second-Quarter Production Forecast

In April, GM North America produced 242,000 vehicles (128,000 cars and 114,000 trucks). This is down 93,000 vehicles or 28 percent compared to April 2007 when the region produced 335,000 vehicles (120,000 cars and 215,000 trucks). (Production totals include joint venture production of 22,000 vehicles in April 2008 and 16,000 vehicles in April 2007.)

Approximately 130,000 units of production have been lost in April due to the American Axle work stoppage. Since the dispute began in late February, approximately 230,000 units of production have been lost. GMNA has revised its forecast for 2008 second-quarter production to 950,000 vehicles, down 130,000 units from the prior forecast to reflect April production losses. Due to the current American Axle work stoppage, there is considerable uncertainty with regard to the second quarter production forecast.

Yesterday, GM's annual total vehicle sales forecast for the industry was revised to an expected mid-to-high 15 million vehicle SAAR. The previous forecast provided in January of this year was in the low-16 million unit range. The revision reflects actual industry sales rates for the first four months of 2008 and the current assessment of the recovery of the U.S. economy.

 

May 2, 2008  -  Ford Motor Company Production Overview - North America

Ford Motor  April '08 April '07 % Chng 2008 CY 2007 CY % Chng
U.S. Car       38,608       40,211 -3.99%        140,277        150,571 -6.84%
Canadian Car        12,772       10,004 27.67%          44,639          49,851 -10.46%
Mexican Car       22,324       20,081 11.17%          88,179          77,512 13.76%
Total Car Production       73,704       70,296 4.85%        273,095        277,934 -1.74%
             
U.S. Truck     148,739     158,685 -6.27%        571,317        616,389 -7.31%
Canadian Truck       22,643       18,240 24.14%          83,660          79,747 4.91%
Mexican Truck         2,968         3,026 -1.92%          10,678          13,340 -19.96%
Total Truck Production     174,350     179,951 -3.11%        665,655        709,476 -6.18%
             
Total Car & Truck     248,054     250,247 -0.88%        938,750        987,410 -4.93%

 

 

 

 

 

 

 

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