If you want further proof that the auto industry is bouncing back, look no further than the empty lots and forecourts of your local dealership. According to a story by The Wall Street Journal, continued high demand for mainstream cars is overtaxing automakers' ability to produce enough models. Several dealers interviewed for the story are reporting two-week supplies as opposed to the typical two-month allocations.
We're only a month into the 2013 calendar year, but with January's strong sales continuing the momentum from 2012, some are already predicting that this year will be the best sales year since start of the recession. According to Automotive News, the two main vehicle segments expected to drive sales in 2013 are full-size pickup trucks and family sedans.
Automotive industry analysts are projecting a better sales year in 2012. According to Automotive News, a number of culminating factors could see sales of up to 14 million units next year. That's thanks to factors like decreasing unemployment, improved credit availability and a larger portion of the population looking to replace older vehicles. Don't think that means the overall economy will be any stronger next year, however. According to the studies, buyers have simply grown more callous to new
Chinese automakers have had a heck of a time trying to crack the crowded European vehicle market, but Chery is hoping to change that in a few years. Automotive News reports that Chery is hoping to take up shop in Europe sometime after 2015.
Here in the States, the Toyota Prius is the reigning hybrid sales champ and the Nissan Leaf dominates the plugged-in segment, but the electrified vehicle industry picture is quite different over in France.
U.S. sales of hybrid, diesel and subcompact vehicles outpaced the automotive industry's overall growth in the first quarter of 2011, according to a report released by Baum and Associates, a firm that specializes in forecasting and market research related to the auto industry. Sales of hybrid vehicles soared upwards by 33.9 percent in the first quarter of 2011, compared to the same period in 2010. Likewise, sales of diesel-engined vehicles shot up by 42.9 percent and sales of subcompact cars rose
2009 has been a sales disaster for the automotive world, as industry figures have dropped to the lowest levels in three decades. Cash for Clunkers has been a boon for the otherwise poor year, though, as hundreds of thousands of Americans have traded in their old cars for new, more fuel efficient metal.
GM is in a market share dogfight here in the States, but in emerging markets like China, the General is quickly gaining a strong foothold. Rick Wagoner and company are progressing so splendidly in the world's fastest-growing market that the automaker became the first manufacturer to sell one million units within a calender year. That millionth vehicle was a Buick Park Avenue, which is fitting since Buick is hugely popular in the land of the Great Wall. The speed with which the General attained t
While crosstown rival Ford Motor struggles to find its Way Forward, General Motors seems to be making solid progress with its North American recovery program, with General Motors vice president Brent Dewar reporting that the company is on track to sell 3 million vehicles in the U.S. this year, virtually unchanged from 2005, when sales got a boost from massive incentive programs.