sales

Scott Keogh Explains Why Audi Is The Only One Making Money
Scott Keogh Explains Why Audi Is The Only One Making Money

To hear Scott Keogh tell it, Audi is the only car company making money these days. When he says that, we suppose he means "only non-Asian car company", since Hyundai, Kia, and Subaru were up 8.3%, 9.8%, and 15.4% respectively in 2009. But maybe we're just stuck on semantics. Now, we agree with Audi...Read More»

General Motors Cadillac Dealership
GM Reins In Dealerships By Offering To Pay For Facelifts

GM is nudging its dealerships along by offering them some direct money—paid out over five to ten years—to remodel and freshen-up, and meet some tighter standards. Anyone who's shopped around—in a major metro area, especially—knows that while dealerships are the 'face' of the automaker, they...Read More»

2010 Kia Sedona 4-door LWB LX Angular Front Exterior View
Kia To Kill Sedona in the U.K. After 2011; U.S. Discontinuation Possible.

    Kia has confirmed it plans to phase out the Sedona minivan in the U.K. after the 2011 model year. Kia cites its large size has contributed to slow sales. Slow sales are resulting in the minivans removal from the market.     "With the current trend being towards downsizing, there is no...Read More»

2001 Chrysler PT Cruiser Woody
The Rising And Falling Stars Of The Decade: A Quick Look

Just like the trucker hat jammed in the corner of your closet (let's hope), vehicles come and go with the tides of time, and what was hot just a few years ago might be an unremarkable ride today. Such is the case with the Chrysler PT Cruiser, which was an overwhelming sales success early in the...Read More»

J.D. Power's 2009 Customer Retention Survey
JD Power: Mercedes, Honda, Toyota Best In Customer Retention

During economic times like these, customer retention has given some automakers an edge in the marketplace. Though studies have suggested that brand loyalty is a thing of the past, J.D. Power's new Customer Retention Survey shows a whopping 67% of Mercedes-Benz buyers remain loyal to the company...Read More»

Japanese travel poster
Detroit Cries Foul On Japan's Cash-For-Clunkers Program

As congress planned the controversial Cash-for-Clunkers program over the spring and summer of this year, there was some discussion of limiting new car subsidies to American brands; that provision was dropped, however, following outcries from other countries and from thousands of employees who work...Read More»

2011 Ford Fiesta
Ford Fiesta Off To A Strong Start With 1,000+ Reservations

In just one week, Ford has taken over 1,000 reservations for the much-hyped 2010 Ford Fiesta -- a car that won't roll into showrooms until next summer. The rush may be due to the company's highly effective "Fiesta Movement" campaign, or it might have something to do with the free SYNC system and...Read More»

Used car salesman
Sales Lost To Dealer Tactics: J.D. Power Puts Numbers On It

Automotive brands are losing an average of 12 percent of their buyers to competitors due simply to "poor customer treatment" at the dealership. If you've ever walked away from a dealership while new-car shopping due to icky sales tactics, you probably don't find that surprising, but it's one of...Read More»

2010 Honda Civic Si Coupe
Honda Poised To Pass Chrysler In Sales, Become Number 4 In U.S.

It's no longer just Toyota that's running with the Big Three in terms of sales. Over the past month, Honda has quietly passed Chrysler as the number-four automaker in the U.S. market. That places American Honda after Toyota Motor Sales and the new General Motors Company in U.S. sales. The change in...Read More»

Car lot
Auto Sales Flat For November (It's A Good Thing)

If, as they say, "flat is the new up", then auto sales were way up last month. The U.S. saw 746,928 car and truck sales in November 2009 -- a statistical dead-heat with the 746,789 sold in November 2008. Of course, not every automaker stayed flat: Ford sales crept up .1%, while GM dipped 1.8% and...Read More»

From THE GOODS
New Cars More Affordable Than They've Been Since 2004

Attention, shoppers: new cars are more affordable today than they've been in over five years. According to Comerica Bank's Auto Affordability Index, it now takes the average family 21.9 weeks of income to pay off an average-priced vehicle. Sadly, that's not because household income has risen, but...Read More»

Ford Explorer Fire
Cash-For-Clunkers Reveals Weakness Among Detroit Brands

It's obvious from the comments on this site and others in the High Gear Media family that Cash-for-Clunkers remains a hot-button issue, and new data about the program is likely to fuel the fire: according to stats from the National Highway Traffic Safety Administration, most car buyers used...Read More»

2010 Volkswagen Polo
Volkswagen Trumps Toyota To Become World's Largest Automaker

Based on simple production stats, Volkswagen is now the world's largest automaker. Over the first nine months of 2009, VW produced 4.4 million units, while Toyota cranked out 4 million even. (Ford came in third at 3.7 million.) We're not sure how long VW will remain at the top of the heap, since...Read More»

Nissan President and Chief Executive Carlos Ghosn
Carlos Ghosn: Auto Sales Have Bottomed, Nowhere To Go But Up

Speaking at a World Economic Forum in New Delhi, Carlos Ghosn -- head of Nissan Motor Company and Renault SA -- had some interesting things to say about the global auto industry. Among the most notable and encouraging items, Ghosn believes that the international sales slump has ended and that the...Read More»

Akio Toyoda
Toyota Posts First Profit In Months, Lifts Sales Projections

Detroit's Big Three may have grabbed most of this week's headlines, but that doesn't mean that the rest of the world's automakers have been sitting on their hands. One story that isn't getting much play is the fact that Toyota Motor Company -- which posted its first-ever loss last fiscal year --...Read More»

Alan Mulally
Ford Posts Strong Financial Data, First Profit Since 2005

The rumors were true: Ford Motor Company has just published financials from the third quarter of 2009, and without being overly optimistic, it's fair to say that the data is moderately rosy. Among several bright spots in the report, one that seems particularly impressive is that July - September of...Read More»

2010 Ford F-150 SVT Raptor
J. D. Power Estimates Show Sales Creeping Upward

The good news  for the auto industry -- or at least, the less terrible news -- keeps on coming: according to projections from J.D. Power & Associates, new vehicle sales for October 2009 are expected to ring in just 6% below the same period in 2008. That's the best year-over-year improvement...Read More»

Ford May Post Third-Quarter Profit Next Week

It's no secret that Ford Motor Company has withstood the current financial storm far better than Chrysler and General Motors. Between its refreshed reputation as a manufacturer of quality vehicles and the fact that Ford was the only Detroit automaker to dodge both bankruptcy and bailout dough, the...Read More»

Used car salesman
Used Car Prices Hit Record High

According to the Manheim Used Vehicle Value Index, used car prices hit an all-time high in September, based on sales values and trade-in values for vehicles across the U.S. The rise is due in part to Cash for Clunkers, which shrank used car inventories. However, Manheim also attributes the spike to...Read More»

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