Pressure to maintain sales streak cited as main reason for the misreporting.
While most automakers that sell vehicles in the US release a flurry of numbers at the beginning of every month to tell us how many cars and trucks they've sold, Tesla Motors has resisted following the herd. This can be frustrating for those of us who like to look at some cold, hard numbers, but CEO Elon Musk has a good explanation for why he won't play the sales figures game.
Bloomberg reports that if U.S. auto sales continue at their current pace, 2012 will mark the best year for the industry since 2007. The news comes after word that both Ford and Chrysler have slimmed or entirely eliminated the traditional summer shutdown at their manufacturing facilities to keep pace with demand.
Automotive industry analysts are projecting sales of over 14.4 million units this year, a lofty figure we originally reported late last year. Unfortunately, it seems that those paid visionaries may be an overly optimistic bunch as the actual sales figures – calculated by outside experts – are expected to be significantly lower.
According to the Los Angeles Times, new car sales in South America are skyrocketing, thanks to wage hikes, more jobs and easy credit terms. Last year, there were 3.5 million new car and light truck purchases in Brazil alone, representing an 86-percent increase over 2006.
As everyone is aware, Toyota had a rough February. Stories surfaced virtually every where regarding the troubles that the company was and still is facing. From an image in tatters to a loss of confidence in the brand, many had feared the worst. Several lawsuits against Toyota were filed on behalf of owners, one aimed at recovering the loses from the anticipated diminished values of used vehicles affected by the recalls. Others predicted that Toyota's used car sales would also plummet due to reli
Despite all the clamor about how hybrids are going to save the planet, cure cancer, facilitate the second coming, etc., sales of battery-pack-mobiles are down nearly ten percent for 2008. At the beginning of 2008, it looked like hybrids were going to have their best year ever, driven by high fuel prices and a recessive economy. That recession, however,has caused consumers to cut way back, leading to dramatic drop in fuel prices, killing much of the argument for a hybrid's price premium. Consumer
Every month, our intrepid leader over at Autoblog crunches every automaker's U.S. sales figures and dutifully reports how well each brand is doing. This month continues the trend of fuel efficient vehicles recording record sales and closely mimics the trend of gas-guzzlers going down the toilet. The two brands which best seem to mark the turning of the tides, so to speak, are Mini and Hummer. Mini's brand of small, sporty and fun to drive coupe's 5,211 sales represented an increase of 40.5-perce
Analysts who feared the worst for September 2007 car sales were wrong. It wasn't that bad at all. General Motors pulled out a 3.8% increase in sales, for Pete's sake! Fellow domestics Chrysler LLC and Ford Motor Company, however, did not fare as well. Chrysler LLC sales went down only 1.5% last month thanks to the saving graces of the Jeep Wrangler, as well as the mere presence of new models like the Dodge Nitro and Avenger.
The slumping housing market and gas prices have hurt truck sales, so automakers are going to have to step up on givebacks to keep metal moving. Toyota has taken the first shot with thier five month old Tundra, with 0% financing and buckets of cash. Edmunds tallied final Tundra incentives at $5,083 per unit last month, which is second to only the much older Dodge Ram. The new Silverado, which currently carries only $1,500 to $2,000 on the hood, is set for a bump in incentives to help level the pl
The numbers are in for December, the last month of 2006, and it appears that those year-end sales drives produced results for many brands. We haven't seen this much green on the sales chart all the year. Congrats go to Kia for being the months Biggest Winner by posting a 66% sales gain over last year, and our sympathies once again go out to Jaguar, the Biggest Loser again this month, which on average sold 34% less this month. Strong gains were also posted by Audi (39.7%), BMW (21%), Hyundai (19.
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