The numbers are (mostly) in, and the news isn’t good. August sales were down over 5% from July’s, and none of the major automakers were even close to the amount of vehicles they moved in July. Toyota took the biggest hit percentage-wise, followed by Ford and GM. Honda was only down about 4,000 vehicles overall, and almost everyone else stayed flat. The only companies to have better sales month-to-month were Chrysler and Mercedes-Benz. Continue reading ‘Sales Figures: August, 2010′
Archive for the 'Industry Update' Category
Halfway through the year, and GM is still holding a steady lead over crosstown rival Ford. Also, for the first time since March of this year, when they bested Ford in sales, Toyota is nipping at the Blue Oval’s heels again. Meanwhile, almost everyone else is holding steady in the sales race.
Continue reading ‘Sales Figures: July, 2010′
Well, it’s finally happened – Ford completed the sale of Volvo to Geely, the Chinese automaker. Geely forked over 1.8 billion, according to a press release by Ford. Most of it was in cash, but there was also a $200 million “note” involved.
Continue reading ‘Ford’s sale of Volvo: Complete. Geely’s cost: $1.8 Billion’
According to a report done by Detroit Free Press, The average purchase prices of new cars has risen from $28,160 in 2009 to $29,217 in 2010, an increase of about 3.75%. This is due to several factors, including new technology, different buyers and less incentives.
Continue reading ‘Average New-Car Purchase Price Rises in 2010′
Well, the numbers are in, and they don’t look good. May kicks off the summer sales events for automobile manufacturers, and June is truly the kick-off for the industry. Convertible and sports car sales usually get into full swing this time of year, but not this year. While almost all of the manufacturers’ sales were down from May, BMW, Jaguar/Land Rover (owned by Indian company Tata), and Hyundai had their sales increase. Of those three, Hyundai was up about 3,000 cars, Jaguar/Land Rover was up 800, and BMW was up about 1,300.
Continue reading ‘Sales Figures: June, 2010′
2011 Lincoln MKX
If you’re going to play in the luxury car arena, you might want to look at how things are done by BMW. The German luxury car manufacturer gives new-car buyers free maintenance for 4 years/50,000 miles. Now, two domestic luxury brands are joining in, albeit in slightly different ways. Cadillac will give you free maintenance for 4 yrs/50,000 miles on any 2011 model, whereas Lincoln gives you the same length of time and mileage, but only on 2010 and 2011 models sold during this summer.
Continue reading ‘Cadillac and Lincoln: Free Maintenance Packages’
