Spring is here, and it's the perfect time to discover fresh feelings of adventure.If you are willing to explore your need for speed, then RepoKar is the right place for you! RepoKar is a fun, high-octane online Public Auto Auction where you'r...
The 4.1% decline in U.S. new-vehicle sales in August provided more evidence of plateauing of consumer demand. The numbers further underscored the waning interest of buyers for sedans, especially in the midsize category. The U.S. automotive market's six-year recovery following the global financial crisis has been carried mostly by trucks, SUVs and crossovers. In August, for example, Toyota's (TM) RAV4 midsize crossover for the first time outsold the Japanese automaker's best-selling Camry sedan, 33,171 to 32,864. For Nissan (NSANY), the automaker's Rogue crossover in...
Probably all of us know that the US automobile sector struggled to maintain sales momentum in August. Despite the fact that July was surprisingly robust, the industry recorded a major decline of 4.1% last month. Many automakers claim that they have reached a peak in demand. They also reported that they sold fewer vehicles, as reduced discounting kept customers from showrooms. The upside is that because everybody was counting on a small recession in the auto industry, stocks remained flat. This is also good news for the customers, who can expect sweeter deals, as incentives will be needed to sh...
In July 2016, manufacturing output, as reflected in the industrial production index, rose to 103.6 compared to 103.1 in June. Among other factors, improvements in motor vehicles and parts production were reported. While the overall index rose by 0.5%, the manufacturing of durables such as motor vehicles and parts, wood products, and miscellaneous goods rose by more than 1% in July. Motor vehicle and parts manufacturing are some of the key components of the industrial production index. Therefore, a rise in industrial production also indicates robust production growth in the auto indu...
We already know that the first half of 2016 has been a mixed bag for U.S. automakers with total car sales in the first seven months reaching 4.253 million, a decline of 7.7% compared to last year, and light-duty truck sales increasing by 9.1% to reach 5.913 million. General Motors has sold 1.706 million cars, a 4% drop compared to last year while Ford saw its sales grow by 3.3% to reach 1.560 million. Ford’s jump in sales can be directly attributed to the company’s above-average performance in the light truck segment. Overall passenger car sales has been slow, with sever...
For three years U.S. customers were revealing their dissatisfaction towards vehicle market, and now for the first time they say the auto industry starts to make discounts and offers they really like. In 2016 customer satisfaction is up 3.8% to a score of 82, on a scale of 100. The brand which took the hot spot with a score of 87, taking Lexus' place was Lincoln. The second place was won by Honda with almost the same score 86. Honda was followed by Toyota and BMW with a score of 85. The driver satisfaction ratings used to be dominated by Luxury cars, but now the top tier has chang...