Effect has been "dramatic," according to Ford spokesperson
The recent surge in gas prices across the country has brought similar surge in the number of car shoppers seeking fuel-efficient vehicles. The effect has been "dramatic," Ford spokesperson Erich Merkle said.
February's automotive sales numbers are slowly rolling in, and we're already seeing that Toyota's recall crisis has severely hurt the company's overall sales. On the other hand, its loss has proved to be a real gain for other automakers, especially Ford Motor Company, sales of which topped not only Toyota's in February, but General Motors' as well.
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.