A proposed law that would have eliminated Tesla’s ability to sell cars in New York state has died on the vine, after lawmakers adjourned their legislative session without taking any action on the bill.
Find News by Subject:
Category: Sales
The Detroit Free Press paints a pretty clear picture of the automotive lending landscape: auto loan terms are rising, with 1 in 5 loans now lasting longer than 6 years. At the same time, the average credit score for those taking out loans is dropping. Ominous signs for a car market that’s running on the hype of a perpetually increasing SAAR, right? Well, not according to some.
Europe’s car market may still be in the dumps, but our favorite maker of plucky Romanian low-cost transportation is doing just fine, thank you very much.
The first source of performance numbers for the new C7 Corvette is, not surprisingly in this day and age, GM itself. Some of the numbers are extremely useful, others less so.
The sagging EU economy led to the worst car sales since 20 years (cause and effect could also be the other way round.) With so much riding on car sales, France’s La Lettre Auto K7 found a way to predict them with greater certainty: They simply ask car dealers how many orders they received. Most volume brands in Europe are built-to-order, and even in the worst economic climate, that takes a minimum of 4 weeks until the car is ready to be registered. That’s when usual statistics recognize the sale.
Reuters has received an advance copy of the new prediction. Read More >
Howls of protests ensued when GM stopped disclosing monthly production numbers, touching off, says Automotive News [sub], “concern among industry analysts and economists, as well as suppliers that rely on the data for their production plans.“ The industry paper explains what is wrong with this move: Read More >
Hopes of a bottoming of the European have been frustrated, and the small April uptick turned out as a flash in the pan.
We warned in April not to read too much into car data, caused by a curious confluence of calendars. We predicted two weeks ago that the EU market will continue on its downward trajectory. And so it does. Read More >
Just as Suzuki prepares to wrap things up in the North American market, their global product line is set to be revamped entirely, with a focus on vehicles like the Nissan Juke.
With all the troubles in Europe, one would expect Volkswagen to hurt, but the Wolfsburg company is doing just fine, thank you. For the first five months, Volkswagen Group sales are up 5.9 percent to 3.87 million units. In May, global deliveries rose 6.9 percent to 816,500.
In China, Volkswagen could edge out perennial numbers leader GM. Read More >
The next generation European-market Volkswagen Passat will be delayed until at least the end of 2014, as Volkswagen follows an industry-trend in Europe of neglecting their slow-selling D-segment cars.
(Editor’s note: Despite being a close neighbor, ally, and NAFTA member, Canada usually receives short shrift when it comes to the counting of cars. TTAC is a prime offender. We cover sales in Europe, Japan, China, and of course America – but Canada? Our resident car counter Cain will now cover the Canadian market on a monthly basis. Any volunteers for Mexico?)
For the second time in what was predicted to be yet another year of growth for the Canadian auto industry, volume grew significantly in May 2013. January volume was down 2%. By the end of February, the market was off 2012’s pace by 3%. March’s decline wasn’t as bad, but through the first quarter, sales were still down 2%. After April’s 9% increase, auto sales in May reached their highest level in six years. Read More >
The recent rise in U.S. car sales emboldened forecasters to predict that 16 million units will be made in North America this year. Some already raise a specter that was thought to be dead for nearly a decade: Capacity constraints.
According to Automotive News [sub]
“Automakers are expected to build more than 16 million light vehicles in North America this year, the region’s highest output since 2002. Two major forecasters, LMC Automotive and IHS Automotive, predict that production will rise from last year’s 15.5 million units as the U.S. economy continues to improve. “
LMC’s Jeff Schuster said: Read More >
$44,470 will buy you a Chevrolet SS when it goes on sale later this year. That’s about $7,500 less than a base model, no-options C7 Corvette Stingray $5300 less than a Chrysler 300C SRT8 and $2995 less than a Dodge Charger SRT8. The SRT8 cars have more power, but the SS does have a couple advantages; it’s more subdued looking than the overwrought Charger.
Lincoln is cutting their free maintenance program in half, from 4 years/50,000 miles to 2 years/24,000 miles. Read More >
The Acura TSX’s future has been in doubt ever since the debut of the smaller ILX, but more than ever, the rebadged European Accord appears to be living on borrowed time.
Recent Comments