Low Gas Prices Might Actually Create Buying Opportunity
It's been a rough year for green car manufacturers. To many consumers, it appears that so-called green vehicles cost more and are more challenging to operate (limited range, low availability of "exotic" fuels, etc.) And with gasoline prices plummeting, American consumers are much less likely to spend more for a green vehicle.
Gold balls, green peas and other jargon used by sales peoples
Given the less-than-sterling reputation that car salesmen have among many consumers, it should be no surprise that they also have their own insider jargon. Much of the lingo is now finally coming to light in one place thanks to an Ohio lawyer specializing in 'lemon law' cases who keeps a dictionary of the terms on his website.
By now, most of the leaves have fallen across many of our fine 50 states, and the first snowfalls have just begun to spread their way across what had been such finely manicured lawns in the Midwestern part of the country. Children have entombed themselves into their rooms, Halloween candy nestled away for the winter, and the prime season for buying new cars is coming to an end.
Many people absolutely abhor the car-buying process – especially haggling back-and-forth with a salesman to settle on a price. A 2014 study from Edmunds found that 83 percent of respondents would like to cut negotiating from the purchasing experience, and about 20 percent of them would have given up sex for a month to do it. However, Edmunds might have taken advertising that point a little too far recently, as it's had to remove a series of ads for its Price Promise no-haggle service from
Autumn is upon us – at least for those of us living in the Northern Hemisphere (happy Spring, friends in the Southern!) – and that means the weather is cooling off, the leaves on the trees are changing into beautiful colors and the hot, hot sales months of summertime are slowing down. Well, for the most part, at least.
Strong Performances From The Honda Accord, Jeep, Ram And Porsche
Americans love themselves some pickup trucks. It's a well-known fact, and it's demonstrated each and every month in the form of the top few nameplates as they appear on sales charts, starting with the Ford F-Series, as it has for, well, decades. More often than not, after that Blue Oval sits the Chevrolet Silverado. But not this month.
Is there a point in the US auto industry where companies should start considering the welfare of their customers ahead of selling more cars? American Honda Executive Vice President of Sales John Mendel thinks that level exists, and we may be getting very close to it.
The Iron Curtain may be lowering on Russia again, at least when it comes to the country's auto industry. The government there is reportedly considering a ban on imported cars as a response if the West puts more sanctions in place. However, even if the restrictions materialize, domestically built vehicles from foreign automakers would likely still receive an exemption.
Cuba is known as a nation that loves its cars. After the 1959 Cuban Revolution, the government made it nearly impossible to obtain a new vehicle. So Cuban drivers kept their '50s classics on the road even through today. Given this automotive enthusiasm, you might be surprised to learn that since the country began freely allowing new vehicle sales in January just 50 cars and 4 motorcycles have been sold through its 11 national dealers.
SAAR, in case you're not aware, stands for Seasonally Adjusted Annual Rate, and what it basically refers to, in this case, is the total number of automobiles experts predict automakers will sell in the United States in the 2014 calendar year. The big news is that the SAAR has been adjusted upward again, reaching the 17-million-unit level for the first time since July of 2006.
Demand for automobiles remains high, judging by the latest round of sales reports filtering in from automakers doing business in the United States. Even those heavily embroiled in recall controversies, most notably General Motors, witnessed year-over-year improvements in the month of May. GM, specifically, saw sales rise nearly 13 percent last month – notching its best month since August of 2008 in the process – led by strong demand for bread-and-butter core models from Chevrolet lik
Okay America, this has gotten silly. A new study by Edmunds has revealed what we've always kind of known – people don't like going car shopping. What we didn't realize, though, is why, and what they'd rather do (or not do) to avoid a trip to the dealer.
Historically, the Japanese auto market has been a tough nut to crack for foreign automakers. The country's buyers have a reputation of preferring driving vehicles from domestic companies. However, the last fiscal year that ended in March indicated that things don't have to be so insular. As Japan's economy improved, imported models have seen their sales surge.
If you're in the Northern Hemisphere, you're probably enjoying the good fortunes of springtime. With the rains of April come the beautiful greening of lawns and trees as they blossom, with the sun staying out longer and longer. All that goodwill must be bringing increased foot traffic into car dealerships, because the chart below is full of a heck of a lot of green, too.
Former Hyundai Motor America CEO John Krafcik has had a tumultuous year. Last June, he won the Automotive Executive of the Year from DNV Business Assurance. Then in December, he suddenly announced he was stepping down from his leadership role at the Korean automaker on January 1, with some suggesting it was because the company's sales growth was too far below forecasts. Now, it looks like the exec has landed a new role on the board of directors of online car shopping website TrueCar.
After the Polar Vortex-saddled January and February months of 2014, something tells us a break in the weather is exactly what car shoppers have been waiting for. Perhaps it's all the lovely green we see in the chart below that has us in an upbeat mood, but there's no denying most automakers doing business in these United States saw big sales improvements this month, led by the seemingly unlikely duo of Maserati and Mitsubishi.
The compact crossover has officially become the modern station wagon. For families that need a practical vehicle that combines reasonable fuel economy and utility, they have become a natural choice. A new study by IHS Automotive published by Polk confirms this, with the relatively young market segment taking up a rapidly increasing portion of US auto sales.