Electric vehicles are coming and there's no stopping them. Tesla, Volkswagen, Ford, General Motors, Lucid, Faraday, and NIO are among the companies leading the charge. AutoForecast Solutions is following this new market and presents the latest in the market developments.
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| Pub. Date | Title | Duration | |
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| 01 Jun 2021 | Ford Plus Plan May 2021 | 00:08:01 | |
Jim Farley and the Ford Motor Company outlined their Ford + plan and the changes planned within the automaker. AutoForecast Solutions VP Sam Fiorani outlines many of the expectations from Ford + and how it will change the way Ford interacts with its customers. Find out how AFS can work for you: www.autoforecastsolutions.com Joe McCabe: jmccabe@autoforecastsolutions.com | |||
| 12 Jun 2023 | 90 Seconds with AFS - May 2023 U.S., Canada, Mexico Light Vehicle Sales | 00:01:31 | |
May ended with strong light vehicle sales in the U.S. approximately 3.5% better than expected. Improving on last May by 22.7%, the market was propelled by huge gains from Mazda and Honda with Subaru also beating the market average. All reporting brands, except for Lincoln, showed year-over-year gains with only Toyota not improving by double-digits. While the month performed very well, the sales forecast for 2023 remains unchanged as the growing anxiety over interest rates and the rising potential of labor strikes in the fall are tempering additional enthusiasm. Retail buyers are ceding more of the market to fleets, which are still working to replace their aging vehicles. Incentives for retail buyers are growing in an attempt to offset the rising loan rates. The target for 2023 sits at 14.77 million units in the U.S. Like in the U.S., sales in Canada were about 3% above expectations. Trucks continue to experience share growth and the market is not far from where fewer than one out of ten light vehicles sold in the country will be traditional passenger cars. Few brands report detailed sales numbers, however Honda, Kia, Hyundai, and Lexus showed improved deliveries in May. Light vehicle sales of 1.64 million units remains the expectation for 2023. Mexico continues to show strength, with April and May besting numbers reported in 2019. Continued strong numbers have pushed the AFS forecast up to 1.27 million for 2023. Imports from China are definitely making a splash in Mexico with May marking the third straight month with sales of over 20,000 units shipped from the growing automotive powerhouse and reaching 18.5% market share. Vehicles from China made up just 5.4% of the market two years ago. For the YouTube video: https://www.youtube.com/watch?v=60YhOWDrZPA Find out how AFS can work for you: www.autoforecastsolutions.com Joe McCabe: jmccabe@autoforecastsolutions.com Sam Fiorani: sfiorani@autoforecastsolutions.com
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| 09 Sep 2020 | September 2020 Sales Outlook | 00:07:06 | |
AFS's Sam Fiorani breaks down the September 2020 sales outlook. Find out how AFS can work for you: www.autoforecastsolutions.com Joe McCabe: jmccabe@autoforecastsolutions.com Sam Fiorani: sfiorani@autoforecastsolutions.com
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| 18 Jan 2021 | The Current Wave of Electric Vehicles | 00:08:58 | |
For the YouTube video: https://www.youtube.com/watch?v=D_mj50HW09o Find out how AFS can work for you: www.autoforecastsolutions.com Joe McCabe: jmccabe@autoforecastsolutions.com Sam Fiorani: sfiorani@autoforecastsolutions.com
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| 11 Apr 2023 | 90 Seconds with AFS - Excess Capacity | 00:01:31 | |
Excess capacity in the automotive industry has been a growing problem as supply continues to outpace demand. Electric vehicles only make this worse. For the YouTube video: https://www.youtube.com/watch?v=APih1HB0rQI&t=3s Find out how AFS can work for you: www.autoforecastsolutions.com Joe McCabe: jmccabe@autoforecastsolutions.com Sam Fiorani: sfiorani@autoforecastsolutions.com | |||
| 01 May 2023 | 90 Seconds with AFS: EVs and the Inflation Reduction Act | 00:01:31 | |
The U.S. Treasury Department issued a revised list of electric and electrified vehicles that would qualify for up to $7,500 in tax credits for vehicles purchased on or after April 18th, 2023, under the terms of the Inflation Reduction Act (IRA). Passed in August of 2022, the IRA requires that manufacturers follow increasingly restrictive battery manufacturing rules so that customers can receive the tax credits for purchasing electric vehicles assembled in North America. For the YouTube video: https://www.youtube.com/watch?v=FpDgi3UkRBI&t=2s Find out how AFS can work for you: www.autoforecastsolutions.com Joe McCabe: jmccabe@autoforecastsolutions.com Sam Fiorani: sfiorani@autoforecastsolutions.com
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| 14 Apr 2021 | Manufacturing semiconductor chips won't happen over night (BNN Interview) | 00:07:06 | |
AFS President, Joe McCabe, sits down with Amanda Lang of BNN Bloomberg to discuss the ongoing issues of the semiconductor chip shortage and the effects it will have on future production. Link to source: https://www.bnnbloomberg.ca/video/manufacturing-semiconductor-chips-won-t-happen-over-night-autoforecast-solutions-ceo~2172779 Our thanks to Amanda, and BNN Bloomberg for this opportunity to share our knowledge on the subject. Find out how AFS can work for you: www.autoforecastsolutions.com Joe McCabe: jmccabe@autoforecastsolutions.com | |||
| 20 Jun 2020 | Covid and It's Affect on the Automotive Industry | 00:30:29 | |
In a continued effort to provide critical information to the automotive community, AFS has created the AFS Vision podcast. Our focus it to provide thought-provoking content designed to help automotive stakeholders make better decisions to enhance their competitiveness. The team of AFS automotive industry experts will address the concerns pertinent to the current and future automotive landscape. Future content will include interaction between the AFS team and others in the industry; including a Q&A section focused on questions submitted by you. We welcome your feedback on how to constantly improve our services and we look forward to you input. Stay tuned! In the podcast, Joe McCabe, President & CEO and Sam Fiorani, VP of Global Vehicle Forecasting, discuss the issues shaping today’s global automotive space. Topics discussed include:
Find out how we can help: www.autoforecastsolutions.com Joe McCabe: jmccabe@autoforecastsolutions.com Sam Fiorani: sfiorani@autoforecastsolutions.com | |||
| 11 Apr 2023 | 90 Seconds with AFS - New York International Auto Show 2023 | 00:01:31 | |
AutoForecast Solutions previews the 2023 New York International Auto Show (NYIAS) which showcases the Ram 1500 REV, Hyundai Niro, Kia EV6, Toyota Prius Prime, Jeep Wrangler, Subaru Crosstrek Wilderness, Chevrolet Trax, Koenigsegg Gemera among many others. Find out how AFS can work for you: www.autoforecastsolutions.com Joe McCabe: jmccabe@autoforecastsolutions.com Sam Fiorani: sfiorani@autoforecastsolutions.com | |||
| 20 Aug 2020 | 2020 Unifor Negotiations | 00:06:14 | |
AutoForecast Solutions gives its analysis of the 2020 Unifor labour contract negotiations in Canada. Ford Motor Company, General Motors, and Fiat Chrysler-FCA are looking to sign a new four-year contract with the union and AFS shows the pitfalls in the negotiations. Find out how AFS can work for you: www.autoforecastsolutions.com Joe McCabe: jmccabe@autoforecastsolutions.com Sam Fiorani: sfiorani@autoforecastsolutions.com
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| 08 May 2023 | 90 Seconds with AFS: MG and its Global Expansion | 00:01:31 | |
As the automotive industry in China began to blossom about two decades ago, domestic manufacturers looking to export needed marketable names. The quickest way to do this was to acquire an established brand and polish it for new life. Brands like Geely’s Volvo have worked while names like Borgward have languished. And then there was the state-owned SAIC, which is playing the long game. When BMW decided to sell the former Rover Group, local investors were there to keep the British automaker going. As long as the company remained in local hands, the new company was allowed to use the Rover name, which BMW controlled. In order to protect themselves from any future issues, the new company warmed up another marque that they owned free and clear: MG. The new enterprise was renamed the MG Rover Group. Underfunded, the MG Rover Group went into receivership in 2005 and the company was acquired by the Nanjing Automobile Group. Shortly after the purchase, state-owned SAIC merged with Nanjing, giving SAIC control of the former MG Rover Group and its properties, among them the MG brand.
For the YouTube video: https://www.youtube.com/watch?v=vNb34JZhiM8&t=27s Find out how AFS can work for you: www.autoforecastsolutions.com Joe McCabe: jmccabe@autoforecastsolutions.com Sam Fiorani: sfiorani@autoforecastsolutions.com
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| 14 Apr 2023 | 90 Seconds with AFS - Canoo | 00:01:31 | |
Electric vehicle startups are everywhere, and AutoForecast Solutions can provide answers about them. Here we briefly outline where Canoo stands in the automotive market. For the YouTube video: https://www.youtube.com/watch?v=NwZbIUp8fow | |||
| 14 Sep 2020 | GM and Honda Strategic Alliance | 00:07:40 | |
AutoForecast Solutions (AFS) explains the General Motors (GM) and Honda Strategic Alliance and how it could affect each company going forward. Autonomous Vehicles, Fuel Cells, Electric Vehicles, Pickup Trucks and more. Find out how AFS can work for you: www.autoforecastsolutions.com Joe McCabe: jmccabe@autoforecastsolutions.com Sam Fiorani: sfiorani@autoforecastsolutions.com | |||
| 15 Jul 2020 | News - 2021 Ford Bronco | 00:04:45 | |
Ford recently introduced the new 2021 Ford Bronco and Ford Bronco Sport. AutoForecast Solutions own Sam Fiorani breaks down the details of what is known so far. Find out how AFS can work for you: www.autoforecastsolutions.com Joe McCabe: jmccabe@autoforecastsolutions.com Sam Fiorani: sfiorani@autoforecastsolutions.com | |||
| 23 Jun 2020 | News - Ford to cancel next-gen Edge | 00:02:01 | |
| 31 Jul 2023 | 90 Seconds with AFS - EV Market Shakeout | 00:01:32 | |
Early adopters found #electricvehicles to be attractive alternatives to their ICE-powered prestige models, however the new-ness of buying an EV is wearing off. With that comes the need to compete for buyers. Despite #elonmusk ’s belief that the only limit to Tesla sales growth was pricing, there aren’t 20 million buyers just waiting for an affordable #tesla Improving production methods and lowering prices has become the latest step in the EV transition. Unanticipated snags at #generalmotors are slowing the roll-out of #cadillac , #hummer , and #BrightDrop EVs. Slow production means the EVs aren’t backed up at GM dealers, however #ford #mustangmache output grew to 13,000 per month without the expected rise in sales. This huge disconnect pushed July inventory in the U.S. to about 100-days supply in a market that targets half that number. The domestics aren’t alone in these growing pains. Startup #fisker outsourced production of its first model. In its second quarter report, “1,022 of the class-leading #fiskerocean SUVs were produced in Austria for customers.” The factory shipped just 110 SUVs in the first six months of this year, leaving a huge number unaccounted for. Fisker points to shipping issues for the difference and requiring a quick solution for the company to reach its previously stated goal of producing 6,000 units in the third quarter. Pricing and production issues become increasingly important. If suppliers and shippers can keep up the production, the bottleneck will be finding enough buyers to absorb all of these new electric vehicles. Supply and demand will balance as they EVs become mainstream products competing directly with traditional models, which will sort out the winners and losers. For the YouTube video: https://www.youtube.com/watch?v=pk3n2Y64eRs Find out how AFS can work for you: www.autoforecastsolutions.com Joe McCabe: jmccabe@autoforecastsolutions.com Sam Fiorani: sfiorani@autoforecastsolutions.com | |||
| 18 Apr 2023 | 90 Seconds with AFS - Rivian | 00:01:31 | |
Rivian has been the darling of Electric Vehicle startups until very recently. Slow ramp up of the Rivian R1T pickup and Rivian R1S SUV have not helped. Here's the AFS analysis of where the electric truck maker stands today.
Find out how AFS can work for you: www.autoforecastsolutions.com Joe McCabe: jmccabe@autoforecastsolutions.com Sam Fiorani: sfiorani@autoforecastsolutions.com | |||
| 24 Apr 2023 | 90 Seconds with AFS - 2023 Shanghai Auto Show | 00:01:31 | |
While car shows around the world are downsizing, the Shanghai International Automobile Industry Exhibition is rising as one of the more important places for automakers to introduce new products. This year’s event not only showed off new vehicles for the local market, but also provided the backdrop for new global products. As important as China is to foreign automakers, the local brands are also looking outside of the country’s borders for new markets and expansion. Here are some of the highlights. For the YouTube video: https://www.youtube.com/watch?v=yeElp5L6YLc Find out how AFS can work for you: www.autoforecastsolutions.com Joe McCabe: jmccabe@autoforecastsolutions.com Sam Fiorani: sfiorani@autoforecastsolutions.com | |||
| 04 Jan 2021 | Automotive Industry Outlook after Donald Trump | 00:11:17 | |
With the Joe Biden/Kamala Harris Administration heading toward the White House on January 20, 2021, what changes can we expected from the automotive industry over the next four years? How has the Donald Trump Administration helped and hurt the industry since 2016? How will emissions regulations for passenger cars and light trucks be changed? What can we expect for the electric vehicle market in North America in the near term? For the YouTube video: https://www.youtube.com/watch?v=eyutgA5AvQA&t=23s Find out how AFS can work for you: www.autoforecastsolutions.com Joe McCabe: jmccabe@autoforecastsolutions.com Sam Fiorani: sfiorani@autoforecastsolutions.com
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| 15 Apr 2023 | 90 Seconds with AFS - Faraday Future | 00:01:31 | |
Faraday Future has been promising their luxurious FF91 for years and here's a little background on the EV startup. For the YouTube video: https://www.youtube.com/watch?v=shhYU02_uD4 Find out how AFS can work for you: www.autoforecastsolutions.com Joe McCabe: jmccabe@autoforecastsolutions.com Sam Fiorani: sfiorani@autoforecastsolutions.com | |||
| 15 May 2023 | 90 Seconds - April 2023 Americas Light Vehicle Sales | 00:01:31 | |
Light vehicle sales in the U.S. have been just as expected this year and continues the pace toward a year-end target of 14.77 million cars and light trucks. The estimated 2.7% growth in the Canadian market in April is on-par with the trend toward a 1.64-million-unit year. The continued recovery of the Mexican market rolled through April with nine straight months of double-digit growth pushing the AFS forecast up 1.19 million units this year. For the YouTube video: https://www.youtube.com/watch?v=cgrtVFuRm6g&t=1s Find out how AFS can work for you: www.autoforecastsolutions.com Joe McCabe: jmccabe@autoforecastsolutions.com Sam Fiorani: sfiorani@autoforecastsolutions.com
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| 22 May 2023 | 90 Seconds with AFS - 2023 UAW and Unifor Contracts | 00:01:31 | |
Rising public support for unions and the current level of inflation will be in favor of the UAW and Unifor as negotiations begin in September. Profit at the automakers is always a balancing act between keeping stockholders happy and not making too much money where the workers believe they’re losing out. Unfortunately for those automakers, profits have been especially good in recent years, adding another support for raises to union members. For the YouTube video: https://www.youtube.com/watch?v=8mdWKL8JQD4 Find out how AFS can work for you: www.autoforecastsolutions.com Joe McCabe: jmccabe@autoforecastsolutions.com Sam Fiorani: sfiorani@autoforecastsolutions.com | |||
| 19 Jun 2023 | 90 Seconds with AFS - Internal Combustion Engine Future | 00:01:31 | |
Obituaries for the internal combustion engine are premature. Tighter emissions regulations have increased the demand for electric vehicles and better emissions controls make new gas engines amazingly clean. Despite that, the 1.5 billion vehicles on the road around the world still generate 12% of all greenhouse gases. Today’s EVs are practical for most everyday drivers leading governments to propose ICE bans. Laws limiting the use of ICE vehicles are on the rise. EV sales are growing year over year and will continue to do so, but maintaining this growth rate will be increasingly difficult. Combustion engines will power everyday vehicles beyond 2050. The most important reason will be in the hands of engineers. Engineers always step up to tackle hurdles. Since 1970, the light vehicle emissions have fallen roughly 99% while modern cars are more powerful and more reliable. Engineers will find answers to keep the ICE vehicles competitive for years to come. Only focusing on tailpipe emissions avoids larger pollution questions. Discussions continues about just how clean vehicles are, from the cradle to the grave, including acquiring the fuel, mining for components, and disposing of the vehicle at the end of its life. Globally by 2030, EVs will make up just 1/3 of total light vehicle production. New low emission fuels could help prolong the life of the ICE and hybridization continues to lower emissions. EVs will make up 50% of global production around 2040, meaning half of all vehicles in 17 years will still feature an internal combustion engine.
Find out how AFS can work for you: www.autoforecastsolutions.com Joe McCabe: jmccabe@autoforecastsolutions.com Sam Fiorani: sfiorani@autoforecastsolutions.com
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| 10 Nov 2021 | Great Wall Motors | 00:07:07 | |
Great Wall Motors is preparing to take on the world and here's why they just my succeed. | |||
| 06 Jul 2023 | 90 Seconds with AFS - Internet Rumors | 00:01:31 | |
Internet rumors are a terrible source of information on the automotive industry. Here are a few that you need to avoid. The Ford Taurus - Clean Tech Yes, there is a new Ford Taurus coming and no it’s not coming to North America. With the dramatic decline in the sales of sedans in the United States, there aren’t many American automotive enthusiasts chomping at the bit to get their hands on a new Taurus. Sales of the last generation Taurus peaked just under 80,000 units in the U.S. in 2013, the only year it outsold the Mustang. Ford has focused on trucks because the market has clearly turned away from traditional passenger cars. The only market for models like the Taurus is in rental fleets and police package vehicles, neither of which makes as much money as selling SUVs and pickups, which is why Ford now focuses on those markets and makes just one passenger car in North America. A Market Crash is Coming - Epic Economist, Velocity, Everyman Driver Prices of new vehicles have dramatically jumped over the last few years, pricing many people out of the new vehicle market. This was caused by supply chain issues and a focus on higher-priced, and therefore higher-profit, models. A concentration on higher-priced models has skewed the average transaction price of new vehicles upwards. With better supplies of parts, additional production is planned for lower priced cars and trucks and this should lower the average transaction prices over time. Also, production growth around the world will fill the pipeline and increase dealer inventory to competitive levels. This is by no means a sign of a market apocalypse, but just natural market competition. Do not expect a Great Recession-like crash in the near term. For the YouTube video: https://www.youtube.com/watch?v=6-2LEz7AGOY Find out how AFS can work for you: www.autoforecastsolutions.com Joe McCabe: jmccabe@autoforecastsolutions.com Sam Fiorani: sfiorani@autoforecastsolutions.com
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| 10 Jul 2023 | 90 Seconds with AFS - Rolls-Royce Spectre | 00:01:31 | |
Few brands will hit their pure electric targets as they need to convert hundreds of thousands of buyers to the idea that an EV perfectly replaces their current model. Rolls-Royce, however only needs to find a few thousand buyers, and the appeal of an all-electric Rolls-Royce is obvious. Claimed on their website, this is “the beginning of an era that will see the entire model portfolio electrified by 2030” and that the new Spectre is “setting a clear path toward the marque’s first all-electric decade.” Henry Royce and Charles Rolls set a goal to build the “best car in the world.” Famed automotive writer Ken Purdy wrote that “the Rolls is not only the best car the world has ever seen, it is very probably the best piston-engine car the world will ever see.” Blending a modern electric drivetrain with the elegance of a Rolls-Royce seems to create the car that Sir Royce would envision today, if he were still alive. There’s a limit to how smooth and powerful a piston engine can be. A modern BEV has advantages over the V12 engine with its inherent smoothness and its quiet delivery of all that power. Up from the 563hp from the twin-turbocharged engine, the Spectre produces 430kW of electric power, or about 577hp. As emissions tighten around Rolls-Royce’s big cars, BEVs will be necessary. The 5,400-lb Wraith coupe consumes a gallon of gas for every 12 miles of city driving while polluting 624 g of CO2 every mile and needs to be refueled every 263 miles. Based on the WLTP test cycle, the 6,600-lb Spectre, with its 0 g/mi of CO2 tailpipe emissions, can travel up to 323 miles on a single charge. Two motors, one on each axle, allow the permanent all-wheel drive system to move more than three tons of car from zero to 100 km/h in 4.4 seconds. With a base price somewhere north of US$400,000, the Spectre is just the start of the next era for Rolls-Royce. For the YouTube video: Find out how AFS can work for you: www.autoforecastsolutions.com Joe McCabe: jmccabe@autoforecastsolutions.com Sam Fiorani: sfiorani@autoforecastsolutions.com | |||
| 12 Apr 2023 | 90 Seconds with AFS - Jan 2023 North American Sales | 00:01:31 | |
Light Vehicle sales in the United States, Canada, and Mexico were close to expectations requiring only a slight change to the forecast for North America.
Find out how AFS can work for you: www.autoforecastsolutions.com Joe McCabe: jmccabe@autoforecastsolutions.com Sam Fiorani: sfiorani@autoforecastsolutions.com | |||
| 29 May 2023 | 90 Seconds with AFS - North American Competitiveness | 00:01:31 | |
On May 25, twenty-seven Senators addressed the U.S. Environmental Protection Agency about the current push for tighter emissions. The letter to Administrator Regan asked for the EPA to “withdraw two recent proposals to regulate tailpipe greenhouse gas emissions” because “these proposals effectively mandate a costly transition to electric cars and trucks.” Using the Biden Administration and EPA’s exaggerated numbers, the letter claimed “the proposal will require approximately 67 percent of new vehicles sold in model year 2032 to be BEVs.” While pointing to possible legal concerns of these proposals “forcing a transition to battery electric vehicles through regulations”, the letter also discussed the electrical grid, infrastructure, and consumers. EV market share will be substantially less than 67% with advances in cleaner ICEs and increased hybridization. That point aside, the senators are overlooking the benefits of these proposals. Today, EVs cost more than gas-powered vehicles, but as EV volumes rise, prices will fall. While the electrical grid is not robust enough to handle a dramatic increase in EVs, the power industry will grow to support the gradual rise in demand. The same with the charging infrastructure as businesses and entrepreneurs see the profits in adding more receptacles. Another overlooked benefit of this drive toward electrification is competition. Pushing the industry toward cleaner vehicles will help the North American industry keep pace with the global competition. As other markets legislate tighter emissions controls and restrict the ICE usage, global automakers and suppliers are increasing their knowledge base and technical savvy. North American players will fail to remain globally relevant if not pushed into these underdeveloped technologies. For the YouTube video: https://www.youtube.com/watch?v=GtdMR2HPDpI Find out how AFS can work for you: www.autoforecastsolutions.com Joe McCabe: jmccabe@autoforecastsolutions.com Sam Fiorani: sfiorani@autoforecastsolutions.com | |||
| 21 Sep 2020 | Virtual Auto Show - September 2020 | 00:09:22 | |
With the lack of in-person auto shows in 2020, AFSVision will be providing "virtual" auto shows to keep you up to date on the latest vehicle announcements. In this first episode, Sam Fiorani walks you through the release news for September 2020. For the YouTube video: https://www.youtube.com/watch?v=hC_1EcNQVqI&t=8s Find out how AFS can work for you: www.autoforecastsolutions.com Joe McCabe: jmccabe@autoforecastsolutions.com Sam Fiorani: sfiorani@autoforecastsolutions.com
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| 13 Apr 2023 | 90 Seconds with AFS - Canadian International Auto Show | 00:01:31 | |
Electric vehicles from Chevrolet, Buick, GMC, Hyundai, Kia, Toyota, Lexus, and Vinfast joined the APMA's Project Arrow at the 2023 Canadian International Auto Show (CIAS) in Toronto.
Find out how AFS can work for you: www.autoforecastsolutions.com Joe McCabe: jmccabe@autoforecastsolutions.com Sam Fiorani: sfiorani@autoforecastsolutions.com | |||
| 12 Jul 2021 | Stellantis EV Day 2021 | 00:10:35 | |
| 05 Jun 2023 | 90 Seconds with AFS - Lucid Motors | 00:01:31 | |
Originally known as Atieva, Lucid Motors was founded in 2007 in California. In 2021, Atieva merged with the SPAC Churchill, changing its name to Lucid, and raising US$4.4 billion. Lucid is headed by Peter Rawlinson who came from Tesla. Alongside the CEO is an executive team with years of automotive experience; a rare quality in the world of EV startups. Rather than finding an existing manufacturing space, Lucid constructed a new plant in Arizona, thousands of miles from the center of the U.S. automotive supply chain. Lucid opened their plant in 2020 and began production and deliveries in the fourth quarter of 2021. Currently, Lucid only has one model, the Lucid Air, which has received largely positive reviews. Unfortunately for Lucid, the positive reviews haven’t translated into the level of demand they were expecting. They delivered 125 vehicles in 2021 and reported a net loss of US$700 million. In 2022, Lucid delivered a little over 4,300 vehicles and posted a net loss of US$2.6 billion for the year. Deliveries in the first quarter of 2023 actually declined from the prior quarter to only 1,406 vehicles. For the full year, Lucid is expecting to build just over 10,000 vehicles. There’s no doubt that Lucid has a demand problem and it’s not likely to improve materially over the next twelve months. The price of the Air sedan limits its own potential. A more mainstream model, the Gravity mid-sized crossover, is expected to start production in second quarter of 2024. Lucid’s biggest shareholder, the Public Investment Fund of the Kingdom of Saudi Arabia, holds over 60% of the outstanding shares. Plans for another US$3 billion stock offering, largely funded by the PIF, will be a necessary move to keep the venture afloat. For the YouTube video: Find out how AFS can work for you: www.autoforecastsolutions.com Joe McCabe: jmccabe@autoforecastsolutions.com Sam Fiorani: sfiorani@autoforecastsolutions.com | |||
| 14 Apr 2021 | News - Ford Assembly Plant Shutdown (WDRB Interview) | 00:20:53 | |
AFS President, Joe McCabe, discusses the chip shortage and the Ford plant shutdowns with Chris Otts of WDRB News. This is an episode of the Uncovered podcast, brought to us by WDRB. Link to source: PODCAST | What's causing so many Ford shutdowns? | In-depth | wdrb.com Our thanks to Chris, and WDRB for this opportunity to share our knowledge on the subject. Find out how AFS can work for you: www.autoforecastsolutions.com Joe McCabe: jmccabe@autoforecastsolutions.com | |||
| 18 Apr 2023 | 90 Seconds with AFS - First Quarter North American Sales | 00:01:31 | |
AutoForecast Solutions sales forecast for North America has been updated including changes to the U.S., Canada, and Mexico regional outlooks. For the YouTube video: https://www.youtube.com/watch?v=sDMr-keq-0E Find out how AFS can work for you: www.autoforecastsolutions.com Joe McCabe: jmccabe@autoforecastsolutions.com Sam Fiorani: sfiorani@autoforecastsolutions.com | |||
| 16 Apr 2023 | 90 Seconds with AFS - US Sales February 2023 | 00:01:31 | |
Light Vehicle sales in the United States were close to expectations in February, leaving the AutoForecast Solutions sales forecast unchanged. That doesn't mean there aren't interesting changes within those numbers.
Find out how AFS can work for you: www.autoforecastsolutions.com Joe McCabe: jmccabe@autoforecastsolutions.com Sam Fiorani: sfiorani@autoforecastsolutions.com | |||
| 17 Apr 2023 | 90 Seconds with AFS - March 2023 Europe Sales | 00:01:31 | |
| 23 Jun 2020 | News - Industry Summer Shutdown | 00:03:44 | |
| 22 Mar 2021 | Global Vehicle Disruption Analysis - March 2021 | 00:08:10 | |
Supply chain issues with semiconductor chips, hot rolled steel, and foam products are disrupting the production of light vehicles. AFS reviews the problems and causes of the disruptions within the car and truck assembly industry worldwide. For the YouTube video: https://www.youtube.com/watch?v=IJCSU3NihlA Find out how AFS can work for you: www.autoforecastsolutions.com Joe McCabe: jmccabe@autoforecastsolutions.com Sam Fiorani: sfiorani@autoforecastsolutions.com
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| 09 Jul 2020 | Renault and Nissan in a Post-Ghosn World | 00:10:26 | |
After the departure of Carlos Ghosn, how will Renault and Nissan work together to stay a player in the global automotive market? AutoForecast Solutions own Sam Fiorani provides a detailed look into this topic. Find out how AFS can work for you: www.autoforecastsolutions.com Joe McCabe: jmccabe@autoforecastsolutions.com Sam Fiorani: sfiorani@autoforecastsolutions.com | |||
| 10 Aug 2020 | August 2020 Sales Outlook | 00:04:23 | |
AFS's Sam Fiorani breaks down the August 2020 sales outlook. Find out how AFS can work for you: www.autoforecastsolutions.com Joe McCabe: jmccabe@autoforecastsolutions.com Sam Fiorani: sfiorani@autoforecastsolutions.com
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| 02 Nov 2020 | Stellantis, the merger between Fiat Chrysler and PSA | 00:13:10 | |
With the merger between Fiat Chrysler Automobiles (FCA) and Groupe PSA (Peugeot, Citroen, DS) right around the corner, Sam Fiorani goes over the problems and benefits of the new entity to be called Stellantis. With twelve brands selling around the world, where does that leave plants in North America, South America, and Europe? AutoForecast Solutions produced a white paper on the topic and here are the highlights. For the YouTube video: https://www.youtube.com/watch?v=cnCKiBHSBuM&feature=youtu.be Find out how AFS can work for you: www.autoforecastsolutions.com Joe McCabe: jmccabe@autoforecastsolutions.com Sam Fiorani: sfiorani@autoforecastsolutions.com
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