Oil industry analysts can't decide how crude prices might change by the end of the year. With a huge inventory already in the stockpile, global demand is going to determine the price.
After gathering real-time transaction data from 8,900 automotive franchisees across the U.S., J.D. Power and Associates predicts new-vehicle retail sales will have declined for January 2010 compared to one year ago. January's new-vehicle sales are expected to come in at 500,900 units, which represents a seasonally adjusted annualized rate (SAAR) of 7.9 million units. In January of 2009, the SAAR was 8.8 million units. December 2009 was a particularly strong sales month – thanks to heavy ma
Electric vehicles are striving to have a beneficial impact on the world's economy and are stirring interest from specialized and general media outlets. Forbes, for example, has just published an article on how China is going to become or, we should say, needs to become the mecca of the Electric Car.
Ah. Spring. Astronomically, it ... wait a minute. Spring, EIA forecast ...? I just wrote about this Jan. 9. As you can see here, the EIA predicted $3.50 for a gallon of gas by June, the end of Spring. Are they changing their forecasts already? YES! According to Reuters demand for gas has dropped a lot (2.4 percent last week) and EIA analyst Doug MacIntyre "said he 'certainly' expects that his agency next month will publish lower spring gasoline price forecasts." So it worked? Did higher gas pric
According to Global Insight, the US auto market will grow next year. From 16.2 million cars sold in 2007, the mark will reach 17 million by 2010 and 17.7 million by 2012. Imports will move 4.4 million units that year, up from 3.7 million now.
Get those big foam fingers ready, Toyota fans - the Japanese automaker looks set to vault into the global #1 spot sooner than later. The automaker is now predicting that worldwide sales will grow 11 percent in 2008, to 9.8 million units. General Motors, the current number one, sold 9.17 million units in 2005.