Remember all of those bankruptcy protections sought by General Motors that were made against any and all future lawsuits linked to ignition-related accidents and fatalities that occurred prior to the automaker’s exit from said bankruptcy in July 2009? Guess how much it would owe if the shield collapsed?
As Isaac Newton didn’t say, to go up, Volkswagen had to go down.
U.S. sales of Volkswagen brand vehicles declined 18% in October 2013, year-over-year, a 6182-unit decline in a market which expanded by 114,000 units, or 10%. Looking back, October 2013 was Volkswagen’s seventh consecutive month of decline, a streak which would continue all the way through the third quarter of 2014.
Yet this sharp decline last year enabled Volkswagen of America to announce, “increased traffic in our showrooms,” and an 8% increase in total volume for October 2014. Increases, yes, compared with a period of dramatic decrease. Read More >
Were you hoping to have a Tesla Model X next to your Model S sometime in the next few months? How does Q3 2015 sound?
Though Daimler made $780 million off of its recent Tesla stake sale, CEO Dieter Zetsche says there’s no money in the EV stand.
In each of the last two years, America’s auto industry reported more new vehicle sales in October than in September. Sales increased 6% in October 2013, compared with the previous month. This year, October sales were 3% higher than September’s.
For Mazda, however, October is typically a low-volume month; their second-lowest-volume month in 2011; their lowest-volume month in 2012 and 2013. October 2014 sales were particularly poor, as Mazda USA sales fell to the lowest point since October 2012, crumbling 22% from September 2014’s total and 5% year-over-year. Read More >
Overall pickup truck sales jumped 10.1% in the United States in October 2014 as six full-size nameplates collectively grew 9.5%. Growth in the overall truck world was aided by 2158 Chevrolet Colorado and GMC Canyon sales (up from 34 a year ago), a 1326-unit improvement from the Nissan Frontier, and the Toyota Tacoma’s 5% increase. Read More >
Since the 2015 Dodge Challenger Hellcat roared at the 2014 New York Auto Show, enthusiasts have been waiting for the day the big cats would enter the showroom.
When ordering opened in October, so did the floodgates.
We weren’t going to see rapid growth month after month after month. Indeed, monthly year-over-year improvements for the industry as a whole averaged 7.6% over the last four months. The U.S. auto industry was up 6% in October 2014 as a handful of automakers reported big gains, and a handful struggled to match last year’s pace. Read More >
The Datsun Go was awarded zero stars in the global NCAP (New Car Assessment Program) for vehicle safety. NCAP says that “The zero-star result highlights the need for India to introduce minimum crash safety regulations.”
Daimler AG’s Mercedes-AMG high-performance luxury brand has decided that two wheels aren’t so bad after all, putting down an undisclosed sum for 25 percent of Italian motorcycle manufacturer MV Agusta S.p.A.
Aston Martin won a crucial exemption from the U.S. government regarding safety standards, allowing them to continue selling their line-up of sports cars in America.
What happens when $2.99 for a gallon of regular fuels demand for new vehicles? The U.S. economy feels its VTEC kick in, of course.
General Motors has sold 189,354 copies of its big Lambda-platform crossovers in the United States this year. Combined sales of the Buick Enclave, Chevrolet Traverse, and GMC Acadia have risen by a scant 137 units through the first nine months of 2014.
GM’s six full-size, body-on-frame, pickup-based SUVs, on the other hand, have collectively increased their U.S. volume by 22%, a gain of 32,652 sales, to 183,080 units in total.
These nine nameplates have generated 17% of GM’s 2.2 million year-to-date sales. Read More >
How does one make it in America? Grow your product portfolio by 50%. Grow your North American dealership network by 29%. Make all-wheel-drive a part of your business’s best practices. Spend $11 million airing a commercial during the Super Bowl while only bothering to display your product at the tail end of the ad. Name your products after a Mediterranean wind, the number of doors they possess, or a video game.
And continue to place one of the industry’s coolest logos on a highly visible portion of all your products.
Cue year-over-year Maserati sales growth in the United States of 307% through the first nine months of 2014, a gain of 6884 units. Read More >
Automotive retailer AutoNation is pulling used vehicles off the lot that may be affected by the ongoing Takata airbag recall.
Recent Comments