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U.S. auto sales could top an annual rate of 10.8 million in November, General Motors Co.'s top sales analyst said Thursday. That would mark the first month this year that sales jumped to such levels without the aid of Cash for Clunkers rebates, which boosted sales in July and August. Executive Director of Market Analysis Mike DiGiovanni says the industry is having a solid sales month through the first 19 days of November, another sign that the economy is beginning a slow recovery from recession. He also said GM could see its fourth straight month of market share gains in November. Complete Story...
Powered by tax cuts and stimulus spending, China's October auto sales soared 72 percent from a year earlier, outpacing U.S. sales for another month, according to data reported Monday.
After months of roller-coaster results, the U.S. auto industry showed signs of stability in October.
October's new vehicle sales were set to be announced on Tuesday amid expectations of an increase from September's levels, which were hurt by a Cash for Clunkers hangover.
An automotive consulting firm is raising its forecast for 2010 U.S. auto sales, saying improved employment and auto lending numbers should translate to higher sales.
China has widened its lead over the U.S. as the world's top auto market, with September sales vaulting 78 percent, spurred by tax cuts and government stimulus spending.
China's vehicle sales vaulted 78 percent in September from a year earlier, widening a lead over the U.S. as the world's top auto market, with sales spurred by tax cuts and government stimulus spending.
A Cash for Clunkers hangover hit every major automaker except Hyundai last month, pushing down sales and leaving the industry searching for signs of a recovery in October.
China's auto sales should soar to 12.6 million units this year, up 35 percent from 2008, boosted by subsidies that the industry is lobbying Beijing to extend, a government researcher said Friday.
The nation's automakers are bracing for quieter showrooms and slower sales this autumn after the Cash for Clunkers program offered a big but unsustainable boost in August.
Automakers are partying, even though they know the hangover is coming.
Auto sales in August are likely to hit their highest level yet this year, helped by the wildly popular Cash for Clunkers program, according to the auto research Web site Edmunds.com.
A leading automotive research company is predicting that U.S. monthly auto sales will rise above the 1 million mark for the first time this year in August, due mainly to the government's Cash for Clunkers program.
China's auto sales surpassed the United States' again in July, jumping 64 percent over a year earlier to 1.1 million vehicles as sales tax cuts and government subsidies spurred demand, according to data reported Friday.
The government's "cash-for-clunkers" program drew car and truck buyers back to American showrooms last month, making July the best month for auto sales in nearly a year and offering powerful evidence that the rebates were working as senators debate whether to continue them.
China surpassed the United States as the world's biggest auto market for the first half of 2009 after June sales soared 36.5 percent from a year earlier, according to data reported Thursday.
Ford Motor Co. on Wednesday called its 10.7 percent drop in U.S. June sales "steady progress," after a year of sharp declines across the industry.
China's vehicle sales jumped 25 percent in April from the year before to a record monthly high of 1.15 million units, according to industry figures released Friday.
Detroit's Big Three is becoming Ford and the other two.
China's auto sales hit a monthly record of 1.11 million vehicles in March, exceeding U.S. sales for the third month in a row, as tax cuts and rebates for small car purchases lured buyers back into showrooms, according to industry figures.
Talk of government loans and bankruptcy and a 37 percent drop in March sales isn't good news, but despite it all, there seems to be a little optimism returning to the U.S. auto industry.
She wants a new car, but Pamela Davies is still driving the very first one she purchased.
Chinese auto sales surged 25 percent in February from a year earlier, as a tax cut for small cars and other measures helped revive the market, an industry group said Wednesday.
Offers of huge rebates and tempting low-interest loans weren't enough to entice car buyers out of their bunkers in this economic crisis, causing U.S. auto sales in February to hover near historic lows.
Japanese auto sales plunged 32.4 percent in February, the biggest monthly drop since 1974 on sinking demand as the global economic downturn deepens, an industry group said Monday.
Dealerships Forced to Shell Out Cash After Clunkers Program - News9.com - Oklahoma City, OK - News, Weather, Video and Sports |Car dealers struggle during last quarter to try to make ends meet after "Cash for Clunkers" leaves market empty handed without few customers on the market charging their doors.
G.M. to roll out new models sooner than anticipated. Orders the Board of the new G.M.The Board of Directors of the NEW General Motors ordered the rollout of new production models sooner than predicted. The Federally controlled G.M. will return to profitability soon, but is not there yet. Ain't federal welfare grand?
MAX MOTORS gives you a AK-47 with the purchase of a new truckGood or Bad idea? Your thoughts
Truck dealer aims to spike Web traffic with free AK-47s | Technically Incorrect - CNET NewsOnly in Missouri you can get a free AK47 assault rifle with your purchase of a pickup truck from Max Motors of Clay County! yee haw!
Car Dealer Offers Free AK-47 With New Truck To Anger Liberalsexcerpt: ""Buy a new truck at Max Motors in Butler, MO, and get an AK=47. At the Max Motors website there's an animated character wielding a gun against the backdrop of a waving American flag. After all, what could be more American? ""
Supply and Demand. What is so confusing about this concept? Middle school students being introduced to economics learn this sometime shortly after long division. Yet Congress seems to be concentrating on salvation of the American auto industry via overhead reduction.
Colorado Businesses Concerned About Ripple Effect Without Auto BailoutAll those who tout trickle-down economics, consider this... It may be easy to get irritated by multi-billion dollar bailouts, executive bonuses and seeming excesses, but many Colorado companies feel a bailout it the lesser of two evils when they consider the ripple effect.
Bush Gives Emergency Loans to AutomakersPresident Bush announced $13.4 billion in emergency loans on Friday to prevent the collapse of General Motors and Chrysler, and said another $4 billion would be available for the hobbled automakers in February.
Retail sales and prices fall againSigns that the recession will be long and severe mounted Friday with a fresh round of bad economic news, including plunging sales from manufacturers to stores and falling prices that raise fears of dangerous deflation.
A new Senate star emerges from the auto rowWhatever the outcome of the past three weeks of congressional wrangling over the fate of the Detroit automakers, a new political star has emerged from the fray: Tennessee Republican Sen. Bob Corker.
Fading Romance With Road Puts Auto Dealers on BrinkBut suddenly, all of Mr. Thomas's success appears to be melting away. Days go by without a sale. His debts are mounting. His friends offer him cash to get by. "I'm trying to survive as a car dealer," said Mr. Thomas, now 59, "and I don't know if I can."
Collapse of US auto sales points to deep recessionSales of new vehicles in the US plummeted in October as consumers—hit by growing unemployment, falling income and tighter credit—sharply reduced purchases of cars and trucks.
US Auto Sales Slump to 16-Year LowU.S. auto sales slumped to a 16-year low in July as automakers failed to keep up with consumers' growing demand for smaller, more fuel-efficient vehicles.
Facing bankruptcy threat, General Motors to slash thousands more jobsWSWS reports: Auto giant General Motors, an icon of American capitalism, is preparing to lay off thousands more white-collar employees and may sell or close down one or more of its numerous brands, according to press reports Monday.
GM Set for BankruptcyGeneral Motors Corp will need to raise as much as $15 billion in cash to shore up liquidity and bankruptcy is "not impossible" if the U.S. auto market continues to slump, Merrill Lynch said.
March Sales Auto Suffering from Slow EconomySANTA MONICA, Calif.--This month's new vehicle sales (including fleet sales) are expected to be 1.33 million units, a 13.2 percent decrease from March 2007 and a 13.9 percent increase from February 2008, according to Edmunds.com, the online automotive information resource.
Unemployment May Rise, Factories Slow: U.S. Economy Preview Unemployment in the U.S. probably rose to a one-year high in September and manufacturing slowed for a third month as the housing recession reverberated through the economy, economists said before reports this week.
Fiat Announces Lorenzo Ramaciotti as New Design ChiefFiat Group (Alfa Romeo, Fiat, Lancia, Maserati) gets a new design chief - the former head of Pininfarina. Should be good news for Fiat and all its brands.
Japanese Automakers Dominant in ChinaWe've reported on the continuing decline in Japan's domestic auto sales, but one place where Japan's automakers are turning a pretty penny is China. Since 2001, Japanese automakers have increased their market share in China from about 15% to 25.7% in 2006.
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