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Auto Sales Forecast 10 Millions
Automakers will sell just 10 million new cars and trucks in the U.S. this year, the worst in at least three decades, respected forecaster J.D. Power and Associates said Thursday as it cut its 2009 prediction by 400,000 vehicles.
For the staggering auto industry, "Recovery will not be a quick proposition," said Gary Dilts, senior vice president of Power's automotive operations.
Chrysler's already ...
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Auto Sales Worst February in 40 Years
GM is the biggest loser, with new car sales down 53%. And carmakers are finding that even lavish incentives aren't stopping consumers from buying used cars
February was another dismal month for carmakers as every major producer saw sales drop from 35% to 53%.
The sales rate of 9.1 million cars sold was the worst February performance in 40 years as a dismal economy warded nervous consumers away ...
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Car Sales Signs of Hope Amid Aprils Wreckage
April was a pileup for the auto industry, what with Chrysler's bankruptcy, General Motors' (GM) fight to avoid the same fate, and overall U.S. sales that plunged 34% from a year ago. But there were pockets of good news: Ford Motor's (F) sales topped Toyota's (TM) for the first time in a year. The Dearborn [Mich.] carmaker posted its fifth gain in retail market share over the past six months. And e ...
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Electric Vehicle Charging Networks Launched in West
A public private partnership in the San Francisco Bay Area plans to build a $1 billion network of electric car charging stations, while in Portland, Ore., a utility and two private firms already are erecting electric vehicle battery charging stations in a cluster of nearby cities.
In Oregon, Nissan Motors and Renault SA have signed a memorandum of understanding with Gov. Ted Kulongoski (D) to sup ...
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| New Repossed Cars articles edition... |
 | Hyundai Offers Up Luxury Car
BMW and Mercedes Benz owners are about to have a new luxury car choice. But they may flinch at the name: Hyundai.
Hoping to find a market for thrifty rich people, Hyundai officially unveiled its $36,000 Genesis V-8 powered sedan Tuesday in South Korea, due to arrive in U.S. showrooms this summer.
Hyundai hopes Genesis will lure the well heeled with curb appeal even if it lacks snob appeal.
"It ...
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 | More Car Owners Behind On Loans
Consumers straining to meet household expenses are taking longer and longer to make their car payments, increasing the risk they'll default on those loans and potentially making it harder and more expensive for everyone else to get car loans.
Car loans that were 60 days past due and likely to soon go into default were up 17% in the fourth quarter, says Experian Automotive credit tracking. And the ...
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 | Save Big on New Cars
The economy is sucking wind, home prices are tanking, and the stock market is scary, No wonder people are staying away from car dealer showrooms. And that means it's a great time to get a bargain on a new car. Carmakers have cut production, but they haven't shut down. Dealers still have to move the cars that roll off assembly lines, so many vehicles are going for near invoice prices. As icing on t ...
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 | Why Cash for Clunkers Is a Good Deal for America
You don't need a degree in economics to know how the economy is doing. Just walk into your local auto dealer and ask if they are selling cars. What you will hear is that showroom traffic is slow, and sales slower yet.
With sales on track to be nearly 50% lower than the previous year, President Obama recognizes the urgent need to give reluctant consumers the confidence to return to the marketplace ...
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