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Keyword: autosales

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  • Will The Crash in Autos Drive The End Of This Cycle?

    10/30/2019 10:03:12 AM PDT · by Vigilanteman · 123 replies
    Schwab resources ^ | 28 October 2019 | Jeffrey Kleintop
    Key Points •The last global economic cycle ended with a housing bust; will the bust in auto sales end this cycle? •Auto sales have crashed, the unsold inventory and delinquent debt may worsen well into 2020. •This auto-led downturn may be less damaging to the global economy than the housing bust was 10 years ago, but automobile manufacturing still accounts for a sizable amount of production, debt, and jobs. In 2009, the world economy was starting to climb out of a housing-led downturn. Ten years later, a downturn in auto production following tumbling car sales is driving a bust in...
  • Awans involved in Hezbollah Drug/Vehicle Smuggling..?

    12/19/2017 4:22:13 PM PST · by gaijin · 138 replies
    Twitter ^ | Dec. 19th 2017 | Imperator_Rex
    READ 1 through 6 below, FROM BOTTOM --> UP: >
  • Pop Goes The Car Bubble . . . And It May Not Be a Bad Thing

    06/11/2017 10:11:26 AM PDT · by Lorianne · 296 replies
    Eric Peters Autos ^ | 09 June 2017 | Eric
    Almost every negative thing happening in the car business – in particular, ludicrous technical complexity for the sake of electronic gimmickry and also to cope with diminishing returns federal “safety” and emissions mandates – could be gotten under control by the simple expedient of cutting off the monopoly money/debt-financing that makes it all possible. The seven year loan. “Free” money (zero or very low interest). Give-away leases. The car industry is riding a bubble that’s proportionately as large as the housing bubble of a decade ago. And it is going to pop. For the same reason that a wave has...
  • September US auto sales slide even as discounts rise

    10/05/2016 11:50:00 AM PDT · by Lorianne · 26 replies
    CNBC ^ | 03 October 2016
    Major automakers posted lower September U.S. sales on Monday despite big consumer discounts, as pickup truck volumes fell for both General Motors and Ford. With the top six U.S. market leaders reporting, deliveries fell 0.6 percent from a year earlier. But sales were still strong at 17.8 million vehicles on a seasonally adjusted annualized basis, Bill Fay, head of the Toyota brand in the U.S. market, told reporters on a conference call. GM, the top-seller in the United States, posted a 0.6 percent decline. Ford reported an 8 percent drop, and Fiat Chrysler Automobiles was down 1 percent. Shares of...
  • This Is What Happens To Car Sales In A "Socialist Utopia" (243 sold in June! LOL)

    07/13/2016 2:49:11 PM PDT · by dynachrome · 15 replies
    Zero Hedge ^ | 7-13-16 | Tyler Durden
    Before the 'election' of President Maduro, Venezuelan domestic car sales were in the 8 to 10,000 range per month. Since Maduro's election things have gone south fast in the socialist utopia...
  • GM reports 1.2 percent August sales decline

    09/06/2014 10:56:41 AM PDT · by Olog-hai · 12 replies
    Associated Press ^ | Sep. 3, 2014 9:47 AM EDT
    General Motors says its U.S. sales fell 1.2 percent last month as rising truck and SUV sales couldn’t offset falling car sales. Three of GM’s four brands reported declines for the month. GMC, which sells only trucks and SUVs, reported a 10 percent increase. …
  • U.S. auto sales surge in August 2014 to month's highest level in years

    09/03/2014 8:23:04 AM PDT · by SeekAndFind · 25 replies
    Los Angeles Times ^ | 09/03/2014 | By JERRY HIRSCH
    <p>Auto sales rose to their highest August levels in about a decade based on the early reports from automakers Wednesday.</p> <p>Chrysler, Ford, Toyota and Nissan all posted gains while General Motors saw sales slip.</p> <p>Automakers sold about 1.6 million vehicles in the U.S. in August, an increase of about 3% from the same period a year earlier, according to initial industry estimates released Wednesday.</p>
  • Tesla, Missouri Auto Dealers begin late battle over state franchise law

    05/14/2014 10:53:16 AM PDT · by E. Pluribus Unum · 15 replies
    PoliticMO ^ | May 12, 2014 | Eli Yokley
    JEFFERSON CITY, Mo. – Missouri lawmakers are set to begin a last-minute fight over whether electric car manufacturers like Testa Motors should be able to sell their product directly to consumers. With only a week left in session, the Missouri Senate quietly attached language to House Bill 1124 that would effectively bar Tesla from selling directly to consumers in Missouri. Similar hurdles for the company have popped up in other states. Supporters of the legislation believe the current franchise-based model for selling automobiles has served the state’s economy and its consumers well, and that they don’t understand why Tesla will...
  • Toyota sells 2.58 million vehicles, outselling GM

    04/22/2014 11:13:20 PM PDT · by Olog-hai · 14 replies
    Associated Press ^ | Apr 23, 2014 1:24 AM EDT
    … Toyota Motor Corp. said Wednesday that it sold 2.583 million vehicles in the January-March period, ahead of Detroit-based GM at 2.42 million and Volkswagen of Germany at 2.4 million. The Japanese automaker’s first quarter sales rose by more than 6 percent from the same period the previous year. GM’s sales grew 2 percent, while Volkswagen’s added nearly 6 percent. …
  • Chevrolet Sells 1,210 Volts In February, Off 26% From 2013

    03/04/2014 12:31:32 PM PST · by lacrew · 17 replies
    InsideEVs ^ | 3-3-14 | Jay Cole
    After posting a fairly disappointing 918 Volt sales in January – the first time sales were under 4 digits in 2 years (603 - Jan 2012), the extended range Chevy bounced back a little in February notching 1,210 deliveries. Year-over-year, this February’s result was up against some fairly stiff competition as 1,626 were sold this month a year ago, meaning sales were off 25.6%. For the year to date, 2,128 Volts have been sold as compared to 2,766 – off 23.1% There just isn’t enough casr to even get the Volt a fighting chance as the General opted to produce...
  • Automakers slide on ice in February

    03/04/2014 10:39:59 AM PST · by John W · 37 replies
    AP via Fort Wayne Journal Gazette ^ | March 4, 2014 | TOM KRISHER and DEE-ANN DURBIN
    DETROIT – March will be one of the most crucial months for the U.S. auto industry in years. Sales were slower than expected in January and February, and the number of unsold cars on dealer lots grew. Some automakers had to resort to juicy discounts to lure reluctant buyers. Most industry executives, dealers and analysts blame the historic cold temperatures and snowfall, and expect warmer weather to restore consumers’ enthusiasm for car buying. Most still expect annual sales to exceed 16.1 million, which would be the highest level since 2006. But a continuation of the trends could signal more fundamental...
  • Americans borrowing record amount to buy cars

    03/04/2014 10:36:58 AM PST · by Red in Blue PA · 50 replies
    A combination of higher prices for new cars and relatively low rates for auto loans means Americans are borrowing a record amount to pay for their new rides. According to Experian Automotive, which tracks millions of auto loans written each quarter, the average amount borrowed by car buyers last quarter climbed above $27,000 for the first time ever. "It's not surprising buyers are borrowing more," said Melinda Zabritski, Experian's senior director of automotive credit. "If you look at the most popular segments, they are full-size pickups and SUVs. It's hard to find one of those models new and fully loaded...
  • Cal Worthington Legendary Car Salesman DEAD AT 92

    09/09/2013 12:28:25 PM PDT · by kingu · 66 replies
    TMZ ^ | 09/09/2013 | TMZ
    Cal Worthington -- the legendary car dealer who became famous for his "Go see Cal" TV commercials has gone on to that great used car lot in the sky, TMZ has learned. Worthington -- who had dealerships in Long Beach, CA, Anchorage, Alaska, Phoenix, Houston, Sacramento and other cities -- died Sunday at his ranch in California.
  • Tesla outsells Porsche, Buick, Lincoln, others in California

    08/27/2013 10:55:29 PM PDT · by grundle · 86 replies
    Christian Science Monitor ^ | August 27, 2013 | Bengt Halvorson
    Yes, it's shocking. California automaker Tesla Motors is outselling a number of very well established vehicle brands in its home state—with only one model: the all-electric Model S. In June, Tesla outsold (on the basis of registrations) Buick, Lincoln, Porsche, Volvo, and Cadillac—and far outsold Jaguar and Land Rover combined. And the long-established, full-line luxury brand Infiniti only posted just 51 more registrations in the state than Tesla. This wasn't just a monthly sales blip, either. Even on a year-to-date basis, through June, Tesla has sold more vehicles in California than Land Rover, Jaguar, Lincoln, Volvo, or Porsche.
  • Can you guess why Americans keep older cars longer?

    08/07/2013 3:50:29 AM PDT · by 2ndDivisionVet · 175 replies
    Americans are keeping their cars and trucks longer than ever, and even with new car sales increasing, the average age will continue to rise, an industry research firm says. The average age of the 247 million cars and trucks on U.S. roads hit a record of 11.4 years in January, the latest figures available from state registration data gathered by the Polk research firm. That's up from 11.2 years in 2012, and nearly two full years older than in 2007, before the start of the Great Recession, Polk said Tuesday....
  • Nissan Leaf races ahead of Chevy Volt in May

    06/04/2013 5:39:08 AM PDT · by Oldeconomybuyer · 11 replies
    Christian Science Monitor ^ | June 3, 2013 | By David J. Unger
    Electric car sales hummed along in May amid a solid month for the auto industry. But the surprise story this year was May's strong full-size pickup truck sales – not exactly a sign an endorsement of efficiency and alternative fuels. Nissan sold 2,138 Leafs in May, up 319 percent over last year. In March, the company sold a record 2,236 units of its all-electric vehicle. General Motors sold 1,607 Volts in May, down 4.3 percent from a year ago. In the first five months of 2013, the company sold only 100 more Volts than during the same period last year.
  • Chevy Volt Sales Plunge – Obama’s Flagship EV a Failure

    04/03/2013 10:39:46 AM PDT · by jazusamo · 39 replies
    NLPC ^ | April 3, 2013 | Mark Modica
    The Chevy Volt has inarguably been the poster child for President Obama's push to electrify America's auto fleet. Billions of taxpayer dollars have been spent to produce and subsidize the plug-in electric car. For years we have heard about the supposedly amazing technology for the Volt which would lead America to energy independence, be a "game-changer" for General Motors and provide a multitude of new green jobs. Proclamations were made that supply for the wonder-car could not keep up with the demand. Well, March's sales figures are in and give further confirmation that the lofty claims were all lies. March's...
  • As U.S. car sales pick up, trade-ins are older

    04/02/2012 1:17:12 AM PDT · by blueplum · 41 replies
    Sac Bee ^ | 01 Apr 12 | Mark Glover
    The economy remains wobbly, unemployment is still high and yet people are buying new cars at a pace that would suggest a sweeping wave of prosperity. Even auto industry analysts concede that it's counterintuitive … until you take a closer look at what's being traded in for new wheels. [snip] David Rodgers, senior vice president and general manager of the Sullivan Automotive Group, which oversees John L. Sullivan Chevrolet and Roseville Toyota in the Roseville Automall, said that, more than car age, he's been struck by the high mileage he's seeing on trade-ins. "The average (age) is running about three...
  • Trucks, SUVs power strong auto sales in October

    11/01/2011 11:09:30 AM PDT · by Hunton Peck · 4 replies
    Associated Press ^ | Tuesday November 1, 2011, 1:14 pm | unattributed
    DETROIT (AP) -- Car buyers were out in force in October, snapping up trucks and SUVs and taking advantage of deals on Japanese cars. U.S. car and truck sales were expected to top 1 million in October, a surprising number for a month when sales are usually slow. When adjusted for seasonal factors, that would be the best pace since the Cash for Clunkers program in August 2009. Pent-up demand drove October sales. Japanese inventories are finally reaching normal levels after the March earthquake and tsunami in Japan. Many buyers who spent the summer waiting for Japanese cars could finally.......
  • Sorry, But Housing And Car Sales Just Do Not Show A Coming Recession

    10/06/2011 12:12:55 PM PDT · by blam · 17 replies
    TBI - The Bonddad Blog ^ | 10-6-2011 | New Deal democrat
    Sorry, But Housing And Car Sales Just Do Not Show A Coming Recession New Deal democrat, The Bonddad Blog Oct. 6, 2011, 1:45 PM ECRI's recession call has justifiably gotten much coverage. On the other hand, many have noted the lack of transparency of their method, making reliance on them a matter of trust rather than testing. An alternative to their approach is based on the research of UCLA Anderson School Prof. Edward Leamer. Prof. Leamer made an excellent presentation (pdf) about the progression of business cycles at Jackson Hole in 2007. It is research I have relied on many...