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Tag Archives: Domestic Auto Sales
Expert Reviews Making Less Impact on Consumers’ Auto Buying Decisions
In years past, failing to receive the Consumer Reports “recommend” status was like a death knell in the automotive industry. But that appears to be changing, as evidenced by the increasing demand for the Honda Civic after it failed to … Continue reading
August was Record Month for Auto Sales
Demand for cars and trucks is up and August 2012 sales hit a high not seen in the last six months. The thought is that consumers’ wishes to purchase automobiles are taking priority over their willingness to spend in other … Continue reading
Posted in Uncategorized
Tagged Domestic Auto Sales, Domestic Automakers, New Car Sales, New Vehicle Sales
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Automaker Incentive Programs Helped Boost Sales in August
In order to make room for new 2013 models, many automakers are rolling out incentive programs designed to entice dealers to move their current inventory. General Motors Company, Toyota Motor Corporation and Honda Motor Company are offering generous rewards to … Continue reading
U.S. New Vehicle Dealerships May Post Record High Sales this Year
Detroit-based retail consulting firm Urban Science predicts the average U.S. new vehicle dealership will post record sales this year. Based on a mid-year survey and projected full-year sales of 14.3 million units, the firm estimates the average U.S. auto franchise … Continue reading
July Auto Sales Spurred by Easier Financing
Despite concerns about the current condition of the U.S. economy, low-interest financing helped bolster auto sales in July. Analyst Joseph Spak of Canadian-based RBC Capital Markets said, “We are hopeful that factors such as pent-up demand and easier, available credit … Continue reading
Small and Alternative Powertrain Vehicles the Big Sales Winners through June
Big SUVs and luxury sports models have fallen out of favor with U.S. drivers as fuel prices remain volatile and the economy sputters. Demand for small and mid-sized sedans, minivans, hybrids, and small and mid-sized SUVs and crossovers, however, has … Continue reading
Posted in Uncategorized
Tagged Domestic Auto Industry, Domestic Auto Sales, Hybrid Autos, Small Cars, U.S. Auto Sales
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American’s Changing Driving Habits Limit New Vehicle Sales According to New Study
According to a new report by global business-advisory firm AlixPartners LLP, changes in the driving habits of the aging Baby Boomer generation are having a significant effect on the recovery of the auto industry. Although sales of light vehicles have … Continue reading
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Tagged AlixPartners LLP, Domestic Auto Industry, Domestic Auto Sales, New Car Sales
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New Study Finds Dealership Salespeople have Greatest Influence on Buying, Leasing Decisions
According to a new study, dealership salespeople have more influence on consumers’ buying decisions than all other marketing sources. The findings of the study, conducted by Maritz Research marketing research firm of St. Louis, Missouri, are in contrast to the … Continue reading
Obama Administration Unlikely to Achieve Goal of 1 Million EVs by 2015
While the Obama administration pursues its goal of putting a million gas-electric hybrid and all-electric vehicles on U.S. roads by 2015, many automakers have begun on more traditional technologies to comply with more stringent fuel efficiency standards in the short … Continue reading
Posted in Uncategorized
Tagged All-Electric Cars, Domestic Auto Sales, Green Cars, Hybrid Autos
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April Auto Sales Continue Upward Trend
It is expected that automotive sales for the month of April will match the pace of March sales, meaning the first quarter high demand for new vehicles is not slowing. Jeffries & Company analyst Peter Nesvold’s research note states, “April … Continue reading