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2008 Auto Sales Drop By 3 Million
The auto industry capped a grim year Monday by posting an 18% drop in sales from 2007. Results for December, down 35.5%, offered little hope that sales will pick up any time soon.
The industry continues to reel from the gas price surge, housing collapse and banking crisis. Consumer confidence has been hammered, and many potential buyers are waiting on the sidelines for some sign that the economy ...
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Car Sales Are Worst Since 93
Americans felt too broke to buy new cars and trucks last month, making September the first month with total sales below a million since February 1993.
A drumbeat of bad economic news drove a sales decline for every major automaker as total light vehicle sales tumbled to 964,873, down 26.6% compared with September 2007, sales tracker Autodata reported Wednesday.
"I'm shocked by what's happened," ...
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Gas Prices Taxes Got You Down Buying A Hybrid Could Provide A Break
Remember road trips? You piled all your friends in the car, rolled down the windows and drove until you got to the ocean, stopping only for a quick bite at a Waffle House. If you were older, you piled your family in the station wagon and drove to Grandma's, even if she lived in another time zone.
Sadly, road trips aren't much fun anymore. The average price of a gallon of gas rose to a near record ...
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HSE Campaign Targets Falls From Vehicles
The Health and Safety Executive (HSE) has launched a campaign to highlight the dangers of falls from vehicles a type of injury that is estimated to cost the economy some 35m a year.
Last year, more than 1,600 employees were injured and four were killed by falling from vehicles, and falls from vehicles are the second most common vehicle related accident in the workplace, the HSE said.
The campaig ...
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Is Tesla a Good Bet for Taxpayer Dollars
Tesla Motors has defied skeptics by delivering an electric sports car many said would never see a showroom. But to develop a sedan with broader appeal and get a battery plant up and running, Tesla says, it needs $450 million in loans from the Obama Administration. That raises a thorny question: Are taxpayer dollars earmarked for green technology best gambled on small startups such as Tesla or big ...
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Move Cars Off Lots
Auto sales are down 34% from one year ago a 27 year low. The global credit crunch has seized domestic and non domestic auto companies alike. Compared with April 2008, General Motors, Chrysler and Ford sales have dropped by 34%, 48% and 31%, respectively. In the U.S., Toyota's sales have also plunged 42%. As a result, we have seen tens of thousands of jobs lost across America and many thousands mor ...
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Stalled Auto Market A Boon For Parts Repair
According to researcher R.L. Polk & Co., the median age of passenger cars hit a record last year of 9.4 years, breaking the prior high of 9.2 years in 2007 and 2006. The median age for all trucks jumped to 7.6 years from 7.3 years in 2007.
That's a boon for marketers who sell mufflers, brakes and motor oil.
"Consumers are hanging onto their cars longer and doing the required maintenance to make ...
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US Autos Power Forward With Gains in Quality Survey
The initial quality of Chrysler, Ford and General Motors 2009 brands increased 10% over 2008, beating the industry improvement of 8%. The initial quality study polls new car buyers 90 days after they've purchased their vehicles and asks them to grade their cars on repair problems things that have broken and design issues such as whether the radio is easy to use.
"Even in the face of unprecedented ...
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