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0Report: Automaker incentives sink to five-year low 1304546400
Auto sales have been on an upward trajectory for many months, and the latest data shows that cash on the hood isn't one of the reasons. According to Automotive News, incentive spending was at a five-year low in April, down 14 percent to an average of $2,320 per vehicle. Toyota had the lowest ...
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Report: Akerson's leadership, pricing strategies at GM drawing more fire 1301090460
We know he's not a "car guy" but some think General Motors CEO Dan Akerson might not be a guy fit for a car company period. Akerson comes from the telecommunications world, and it seems some analysts believe it's that background that's driving him to cut costs and drive sales by means of heavy ...
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Hyundai CEO Krafcik warns against price war, short-term thinking 1297612860
Hyundai Motor America President and CEO John Krafcik believes that some automakers are starting a price war, which would be an unwise move that focuses solely on short-term sales. General Motors had strong sales in January 2011, but its 23-percent gain was due to increased incentives and ...
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Report: GM sales boosted by incentives, analysts fear return of 'push' model 1296925320
According to Automotive News, some analysts are accusing General Motors of sliding back into bad habits by boosting sales with heavy incentives. The report says that GM's 22-percent sales jump in January was largely fueled by laying piles of cash on the hood. On average, GM handed out $3,762 per ...
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Report: Today is the best day all year to buy a new car 1291149000
If you're in the market for a new car, today just might be your day. According to both Time and TrueCar.com, a perfect storm of factors have collided to make this the best day all year for consumers to get the greatest deal possible on a new hunk of sheetmetal. With a perfect mix of dealer ...
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China reportedly adding big incentives for hybrid, electric purchases 1275575160
Geely Emgrand plug-in hybrid – Click above for high-res image galleryIf you pay them, they will come. At least that's the philosophy China is applying to the electric car business these days. The people's republic is set to roll out new pilot programs in four of its largest cities aimed at ... -
Hyundai matches incentives for Toyota customers from Ford, GM 1264804260
Mired in what is officially a nightmarish recall fiasco, Toyota's getting gang-tackled as it wraps up a really bad week. General Motors, smelling blood in the water, is offering incentives specifically targeting Toyota drivers through the end of February. Likewise, Ford is adding $1,000 to the ...
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REPORT: Chrysler piles on even more incentives ahead of the holidays 1259017140
In an effort to spur lagging sales, Chrysler has reportedly cranked up incentive spending on nearly all of its models by $1,000 to $1,500 while also offering 0% financing on many of its models. Chrysler is also said to be offering lease incentives of $500 to $1,000 on minivan leases and financing ...
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Looking for $10k off on a Lexus or Caddy? High-priced hybrids reportedly getting hefty incentives 1254785280
2009 Lexus LS 600h L Pebble Beach Edition - Click above for high-res image gallerySurprise! Lexus and its parent company, Toyota, are apparently finding that it's not as easy selling $106,000 hybrids as it is for $25,000. The Lexus LS 600h L is certainly an excellent piece of automotive ... -
REPORT: Toyota increases 2009-2010 global sales forecast by 3% 1254142740
There have been subtle signs that demand for new cars and trucks are improving. Several automakers plan to increase production over the next few months, and Toyota is no different. Reuters is reporting that the World's Largest Automaker has raised its sales forecast by 3% to 6.7 million units for ...

