Motoring
Auto sales rise in November, boosted by discounts
DETROIT – Aggressive discounting and the continued popularity of big pickup trucks helped propel November vehicle sales well past expectations, with the three Detroit automakers and two of Japan’s top three reporting year-to-year increases on Tuesday.
The industry’s torrid sales pace in November reached an annual rate of 16 million vehicles, according to General Motors Co (GM.N). That was the second highest for the year and well above last month’s annual rate of 15.2 million.
Analysts polled earlier by Thomson Reuters had estimated the seasonally adjusted annual sales rate in November was 15.75 million.
Manufacturers continued to provide ample incentives averaging $2,500 per vehicle and more in November, according to research firm TrueCar.com.
“It’s pretty clear that the industry was super aggressive as we approached the holiday season (and) through the (U.S.) Thanksgiving (holiday) weekend,” said Jonathan Browning, chief executive of Volkswagen of America (VOWG_p.DE).
John Felice, Ford Motor Co’s (F.N) vice president of U.S. marketing and sales, added, “We saw pretty significant incentive activity as the month progressed,” including “very strong promotional activity” at the end of November.
Chrysler Group LLC, a unit of Fiat SpA (FIA.MI), said Tuesday its U.S. vehicle sales in November jumped 16 percent to 142,275. GM said November sales climbed 14 percent to 212,060. Ford reported that November sales rose 7 percent to 190,449.
Toyota Motor Corp (7203.T) said sales were up 10 percent to 178,044, and Nissan Motor Co (7201.T) said sales were up 11 percent to 106,528.
Big trucks were the best-selling vehicles at each of the Detroit automakers.
Ford’s industry-leading F-series pickup outsold all of the company’s passenger cars combined, rising 16 percent to 65,501. Combined sales of GM’s Chevrolet Silverado and GMC Sierra were up 15 percent at 48,748. Chrysler’s Ram pickup gained 22 percent to 29,635.
Volkswagen of America said VW brand sales in November fell 16 percent to 30,727. VW does not sell pickup trucks in North America.
Driven in part by aggressive price cuts and incentives, sales of the most popular electric and hybrid cars had a good month, but accounted for only a fraction of total industry sales.
Nissan said sales of its battery-powered Leaf jumped 30 percent to 2,003, while GM said the Chevrolet Volt hybrid was up 26 percent to 1,920. For the first 11 months, Leaf sales totaled 20,081 and Volt sales totaled 20,702.
By comparison, Ford has sold 688,810 F-series pickups during the same 11-month period.
– REUTERS
Motoring
FCTA Pulls Plugs On Taxi Rank, Terminal Services Contracts
The Federal Capital Territory Administration (FCTA) has ended contracts with taxi rank and terminal operators due to their failure to meet engagement terms and conditions.
Mr. Ubokutom Nyah, the Mandate Secretary of the Transportation Secretariat, FCTA, made this announcement during a meeting with managers of these terminals and taxi ranks in Abuja.
Nyah clarified that due to the operators’ failure to fulfill their engagement terms, the FCTA had to terminate their contracts.
He instructed them to transfer control of the ranks to the Administration within three months, starting from Nov. 21.
He lamented the presence of unauthorized motor parks in the city and assured the readiness of the Administration to establish proper taxi ranks and terminals in the capital.
He revealed that personally visiting the city’s taxi ranks, terminals, and unauthorized motor parks gave him direct insight into the poor condition of these facilities.
He emphasized that as the federal capital city, Abuja deserves better, highlighting that the poor condition of these facilities attracts various criminal elements.
He said “We must rid Abuja of all these. I have gone round the taxi ranks, and of all the places I visited, not one is worthy to be called even a village motor park.”
The Mandate Secretary stressed that the intention wasn’t punitive; rather, it aimed to revamp the sector, introduce new engagement terms, and modernize taxi ranks and terminals in the federal capital.
He also highlighted the plan to increase the number of terminals and ranks where necessary, which would positively impact the administration’s revenue.
He emphasized that this measure was part of a broader effort to eliminate illegal motor parks in Abuja and curb the associated criminal activities.
In response, Mr. Adebisi Lawal, the Operator of Jahi Taxi Rank, praised the administration’s initiative to modernize the taxi ranks and terminals.
Lawal urged the administration to prioritize current operators’ involvement in the selection of new developers for the modernization of the taxi ranks and terminals.
Motoring
Power Show Sees Soldiers Batter LASTMA Officer
It was a show of power at the Ojota area of Lagos on Monday as soldiers pummeled an officer of the Lagos State Traffic Management Authority, (LASTMA).
Eyewitness accounts claim that the ugly scene played out around 8am, and saw about eight soldiers pounce on the yet to identified LASTMA official, while his colleagues took to their heels.
The video of the melodrama has gone viral, where the LASTMA official was appealing to the soldiers, who appeared bent on ‘teaching him a lesson’.
This onslaught comes on the back of a reported assault of a soldier at the same location by LASTMA officials last week.
It would appear that what played out today was the army asserting its authority and defending their khaki as the armed soldiers carried out what looked like a revenge mission.
Eyewitnesses further averred that the victim was rushed to a nearby hospital, after the soldiers left the scene.
It was gathered that the authorities at LASTMA has reported the incident to the military authorities who are said to be looking into the matter.
Meanwhile many members of the public are rejoicing that the soldiers have taught the crude LASTMA official that power is stronger than power, for all their atrocities against motorists on Lagos roads.
Motoring
Intra-City Fares Skyrocket By 98% Month-On-Month – NBS
The impact of the removal of subsidy on Premium Motor Spirit (PMS), otherwise known as petrol, has seen the pump prices of the product skyrocket with a corresponding increase in the cost commercial transportation in Nigeria.
According to the National Bureau of Statistics (NBS), intra-city bus transportation fares across Nigerian cities, measured between May and June 2023, increased from N649.59 to N1,285.41 in June 2023.
This translates to 98 percent growth or N635.82 within the month in view.
The NBS made the data available in its Transport Fare Watch report for June 2023.
In the report, the NBS also shared the breakdown of bus journeys within the cities per drop for constant routes; bus journey intercity (state route); charges per person, amongst others.
On a year-on-year basis, the report has it that bus fares rose by 120.63 percent from N582.61 paid by commuters in June 2022.
The average fare paid by commuters for bus journey intercity per drop rose to N5,686.49 in June 2023 compared to N4,002.16 in May 2023 indicating an increase of 42.09 percent, month-on-month.
The report read, “The average fare paid by commuters for bus journeys within the city per drop increased by 97.88 per cent from N649.59 in May 2023 to N1,285.41 in June 2023.
On a year-on-year basis, it rose by 120.63 per cent from N582.61 in June 2022.
“In another category, the average fare paid by commuters for bus journey intercity per drop rose to N5,686.49 in June 2023, indicating an increase of 42.09 on a month-on-month basis compared to N4,002.16 in May 2023.
“On a year-on-year basis, the fare rose by 55.25 per cent from N3,662.87 in June 2022.”
Biztellers reported that the twin forces of forex pressure and increasing price of Brent in the global market would likely see the pump prices of petrol, increased again in no distant time in Nigeria.