First September sales reports are coming in, and they are a mixed bag. Chrysler says it had the best September since 2007 with sales up 12 percent. GM’s sales are up only 1.5 percent , while Ford reports zero percent growth.
Volkswagen sold 36,339 vehicles in September, up 34.4 percent. Toyota’s sales are up a whopping 41.5 percent to 171,910 units in September 2012.
Watch this space for more sales coverage throughout the day.
Are you a short seller who is on the hunt for companies that are worse off than European carmakers? Look for parts makers that are also in the contract manufacturing business. OEMs may lose sales, but contract manufacturers lose whole contracts when manufacture is brought in-house by OEMs. Magna is likely to lose the contract with BMW to build the next generation of Mini cars, says Reuters. Read More >
I don’t think Bertel would have gone for my original headline:
It Seemed Like A Gouda Idea. Colby Was A Dip But Knew He Curd Build The Car. He Was Not A Whey Nacho Man Nor A Whiz At Car Building As His Wife Brie Reminded Him On Those Nights She Got Grilled On Kahula And Cream While Sitting On A Brick In Front Of Their Swiss Cottage In Monterey, Jack Baruth Being Her True Love. Colby Was Becoming A Basket Queso In His Quest To Get His Kraft In Front Of Auto Writer Csaba Cheddar: Utah State Students Build Car Powered By Cheese Waste
Sales won’t be the only thing up when September new car sales are reported today. (Keep an eye on TTAC.) “”Transaction prices in September are the highest in years,” said Jesse Toprak, research chief of TrueCar.com. Read More >
A broken clock is always right twice a day. But how about the last generation of Intrepids?
For most of the year, the German new car market could defy Europe’s eye-popping g-forces. No more. Germany is now officially going down with the rest of them. With 250,082 units sold in September, German new car sales dropped 10.9 percent as compared to September last year. Read More >
From Autoblog via Edmunds to Slashgear, the automotive blogosphere is buzzing about an INSECT from Toyota. INSECT is an acronym for “Information Network Social Electric City Transporter,” and, says Edmunds (along with pretty much everybody else who copied the press release,) the vehicle carrying the creepy name “is a single-seater that features facial-recognition technology and behavior prediction, marking the dawn of the car as mind-reader.” The INSECT officially hatched today, 1 ½ subway hours from where I currently live.
As an eye-witness, I can certify that a gullible media has been had. Read More >
Close your eyes and imagine it’s 1979. A first-term Democratic president struggles with unemployment, malaise, high energy prices, and embassy trouble. The landscape of today looks like the landscape of then, but there’s one important thing missing: The compact pickup. Where did they go? The small pickup was an indelible symbol of America’s lowered expectations in the Seventies and Eighties. Now that crappy times are here again, where are the paper-thin truck beds and wheezy-but-indestructible four-cylinders to pull them?
The days of the six passenger sedan are officially over; with the death of the current generation Chevrolet Impala, the front bench seat is now gone from the North American marketplace.
Workers at Chrysler plants in Windsor and Brampton, Ontario ratified the CAW’s labor agreement by an overwhelming majority, despite a lack of new product or investment at either plant.
There are two cars parked in my garage that are just begging for a comparison test. A new Mercedes-Benz GLK350 has taken up temporary residence here. My wife Sally Jo is the proud owner of a pristine 1968 Mustang 302 Coupe which was purchased new by her grandfather. How could we resist not doing a comparo to find out which of these vehicles offers the better…owner’s manual?
Bad European car sales are about to get worse. French September car registrations dropped 18 percent year-on-year, while Spain’s plunged 37 percent, Reuters reports. Read More >
If the thought of a four-cylinder BMW gives you the creeps, then this will cause chronic dermatitis: BMW is thinking of putting three-cylinder engines into vehicles sold in the United States. Read More >
Renault is playing hardball in France. Message to government and unions: We can make our cars elsewhere. After Renault CEO Carlos Ghosn said last Friday that Renault could disappear from France “in its current form,” his Chief Operating Officer Carlos Tavares said that production in other countries could be cheaper. Read More >
September was the month when the torrid growth of Japanese car sales came to an end. Sales of all cars were down 3.4 percent in Japan. The market is down for two reasons, mathematical and governmental. Read More >
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