Driving By Numbers: 10 auto brands that disappointed at the end of 2021

  • 📰 nationalpost
  • ⏱ Reading Time:
  • 67 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 80%

Canada Headlines News

Canada Latest News,Canada Headlines

ICYMI: 10 auto brands that disappointed at the end of 2021 — via drivingdotca

Then the bottom fell out. Granted, there were plenty of warning signs. The pandemic caused or exposed so many faults in global supply chains well before 2020 had ended. Stories of dealers without any pickup trucks to sell quickly became the rule rather than the exception.Article content

But it was in the latter stages of 2021 that all automotive manufacturers began to suffer an inventory crisis across virtually all product lines. Regardless of the country of origin, regardless of the price point, regardless of the segment, car dealership parking lots became nothing more than prime street hockey venues. Oh, there were customers. There was simply very little for those customers to buy or lease without ordering and waiting.

Third-quarter auto sales fell 12 per cent below 2020’s pandemic levels; fourth-quarter volume tumbled 12 per cent, as well. Naturally, some auto brands were more sorely affected than others; others somehow managed to flourish at the tail end of the year. Examining fourth-quarter results alone, Volkswagen jumped 8 per cent, Ford posted a 19 per cent uptick, and Mitsubishi reported a huge 53 per cent increase.Article content

Yet there were 10 auto brands in particular that posted Q4 results about which none will write home to mother. Combined, these 10 auto brands lost 39,080 sales in October, November, and December in an overall market that was down by roughly 50,000 units.Buick is one of three General Motors brands appearing on this list of brands that struggled with sharp fourth-quarter declines. Buick’s top seller is the Encore GX, a small crossover.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Winter storm slams northeast U.S., hitting 10 states | CBC NewsA winter storm lashed the Northeastern U.S. with deep snow and wind gusts near hurricane force on Saturday, causing coastal flooding and threatening widespread power outages while forecasters warned conditions would worsen as the day went on.
Source: CBCNews - 🏆 2. / 99 Read more »

Justin Bieber becomes the first artist with 10 tracks with over a billion Spotify streams. Here are the songs that smashed records'Sorry' Produced by Skrillex, Sorry” is a dancehall pop track filled with big brass bleats and a warm dembow riddim that oddly generates a feeling of happiness in a what should be a dark time. 1.5 billion streams on Spotify, 3.5 billion views on YouTube. I see he's given up on the baggy pants and the ballcaps turned sideways. Skrillex saved this crack heads career Dancehall? Is this a joke. Riddim? Like are you trying to be offensive? For clicks?
Source: TorontoStar - 🏆 60. / 55 Read more »

Opinion | The Faceoff: Both CN Rail and CSX report strong fiscal 2021 results, as CN Rail names a new CEO. Will the Canadian company come out on top?Opinion: Both CN Rail and CSX report strong fiscal 2021 results, as CN Rail names a new CEO. Will the Canadian company come out on top?
Source: TorontoStar - 🏆 60. / 55 Read more »

Where your advertising budget makes its biggest impactEven for brands big and small, performing well on Google is more important than anything
Source: nationalpost - 🏆 10. / 80 Read more »

Feds have spent $550 million on electric-vehicle rebates so farNearly 130,000 Canadians have taken advantage of Ottawa’s electric-vehicle rebate program since it began in May 2019, which has cost taxpayers nearly $550 million, new Transport Canada data shows. The program offers individuals up to $5,000 toward the purchase of an eligible electric vehicle (EV). It can be combined with similar provincial rebates. The Liberals […] For context what does this look like compared to fossil fuel subsidies? Waste of taxpayer money.
Source: iPoliticsCA - 🏆 36. / 63 Read more »