car sales
Global Vehicle Sales Hit Record 82 Million Units in 2012
Sales of new vehicles hit a record last year with over 82 million units being sold according to a report by the International Organization of Motor Vehicle Manufacturers (OICA).
Dodge Dart Sales Slipped in November
The Dodge Dart is the brand’s newest entry into the compact sedan market, and despite the brand adding a third shift to the Illinois plant where the compact is built, sales slowed down in November.
Suzuki Sales Increase as Brand Offloads Product
Suzuki is scrambling to sell its remaining stock in the U.S. and to a certain extent it seems to be working.
New Car Prices Have Stabilized: J.D. Power
For the last four years, new car prices have risen quickly as the U.S. comes out of its recent recession. But a new report shows that new car prices are beginning to level off now that automakers have been disciplined about their discounts and sales incentives.
Toyota on Track to Regain Title As World’s Largest Automaker
Toyota has announced its sales figures for the first half of 2012, and the numbers look like Toyota will be able to beat out GM and Volkswagen in sales for 2012. In the first six months of this year the Japanese automaker sold 4.97 million vehicles.
Hyundai Already Selling 2013 Models, Volvo Still Pushing 2011s
It’s that confusing time of the year for all auto buyers, when dealerships have a nice mix of current model year vehicles and next year’s model year vehicles sitting on the lot, available for sale.
Auto Industry Hiring Rate up 32% Versus 2011
Job security in the automotive industry has been questionable for many workers, though in last two years, things have begun to turn around, and now auto companies are hiring once again.
Hyundai to Become Third Best Selling Retail Car Brand in America Next Year Says CEO Krafcik
Hyundai’s combination of style and fuel economy appears to be paying off at the dealership level with the record sales allowing the Korean automaker to move past long standing industry top sellers. In fact, as of June, Hyundai has moved past Ford to become the fourth best selling brand in America when it comes to…
June Auto Sales Strong Despite Shaky Economy
June was good to the auto industry as a whole this year, with Toyota boasting 60 percent sales gains and the Detroit 3 advancing despite a shaky economy.
Chinese Car Sales Slow, Could Affect World Market
Car sales in China have, for much of the auto industry, helped companies weather the global economy’s struggles over the last couple years, but that demand boom might be over.
2012 Chevrolet Corvette to Sell in South Korea
One of America’s oldest sports car mainstays, the Chevrolet Corvette, is headed for sale in South Korea according to the company.
Average New Car Price Reaches All-Time High of $30,748
The average new vehicle sold in March in the United States reached an all-time high of $30,748, up from $28,771 a year earlier. Even though average car prices are going up, buyer preferences may also be shifting in a non-traditional direction towards smaller and cheaper cars. Sub-compact and compact car sales, for example, are growing…
Auto Sales In India Poised To Overtake Japan
At one point, Japan was among the world’s leading auto markets but the country has yet to regain its stride after last year’s devastating earthquake and tsunami. Japanese auto sales dropped to half the peak rate and a recovery has yet to take hold. Global information company IHS Automotive conducted a study that shows sales in India…
GM to Retake Top Spot as World’s Largest Automaker
There may still be two months to go, but General Motors is all but certain to reclaim the title of World’s Largest Automaker for 2011. GM last held claim to producing the most vehicles back in 2007, and for the 76 years before that, before being ousted by Toyota in 2008. Toyota has since retained…
Cuba Legalizes Car Sales After 5 Decade Ban
In the past, unrestricted vehicle sales were only limited to cars built before the Cuban revolution of 1959, giving the streets of Cuba a unique backdrop of Chevrolet Bel Airs, Chrysler Imperials and Studebaker Commanders. Decades under Cuba’s communist regime had prevented its people from purchasing land or new automobiles but finally, a new law…
Report: African-American, Asian and Hispanic Women Driving Auto Sales
The latest trend driving auto sales growth is focusing on women from a diverse set of ethnicities. In studies done by R. L. Polk & Co., African-American, Asian and Hispanic women are making headway when it comes to making vehicle purchases for their families. Polk’s findings show that vehicles purchased by these groups have increased…
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