UPDATE: The story's been updated to factor in General Motors' complete advanced-powertrain sales numbers.
Most of the world has been knee deep in a wicked recession for quite a while, and auto sales have been hit especially hard. Here in the U.S., the numbers have been abysmal, as the first half of the year saw only 4.8 million sales through June. China, on the other hand, is running away with the overall sales lead, as the emerging emerged market has added 6.1 million cars and trucks to its still developing roadways. According to The Associated Press, June sales were up 36% over the same period in
A woeful sales environment and the financial struggles of General Motors and Chrysler will set the auto sales hierarchy on end in 2009. At least that's how IHS Global Insight sees things. The industry analysts at IHS Global Insight see Ford passing GM as the top manufacturer in terms of production for 2009, with 1.9 million North American units at the Blue Oval compared to 1.7 million for GM. The upside-down nature of the IHS rankings continues with Honda placing third with 1.1 million units, fo
BMW has achieved sales increases in the US for 16 straight years, but that impressive streak is going to end in 2008. BMW USA CEO Jim O'Donnell has decided to stop shipment of 44,000 vehicles destined for the States by the end of this year. The move was made to prevent pushing increased sales in a down market because too many incentives were needed to entice consumers. The weakness of the US Dollar vs. the euro makes high incentives unprofitable. Some vehicles, like the X3, are coming to the US
Everyone expected July 2006 sales to suffer in comparison to last year's record numbers, pumped up by huge incentives, but it's safe to say that Ford and Chrysler Group's numbers were surprisingly bad, especially in the case of Chrysler, which reinstated Employee Pricing in July (since extending it through August). General Motors was the last to report its July results, and it came out clearly on top of the Big 3, with U.S. sales for the month down a relatively modest 19.5 percent year-over-year