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...
Although demand for SUVs and pickups continues to flourish, total U.S. new-vehicle (retail and fleet) sales in September are anticipated to dip 0.8% to less than 1.43 million units vs. 1.44 million unit sales in the same month of 2015. Despite a record level of incentive spending, Labor Day weekend sales, which are traditionally robust, were down 1% from last year, based on sales data collected during the first two weeks of September. The month’s retail deliveries are set to reach 1.185 million units, off 1.4% from last September’s 1.2 million. Fleet sales are expected ...
Considering the growth in auto industry has slowed down in 2016, and U.S. sales for General Motors and Ford were down 5.2% and 8.4% in August, comparing to the same month last year, the car companies aren’t accepting the downturn passively: to juice sales in September, incentive spending is at the highest levels ever. Automakers have been trying to boost sales by increasing incentives significantly. The average incentive in September is at a record high of $3,923 per unit. The beats the previous peak of $3,753 in December 2008- back when the Great Recession was kicking into fu...
Volvo's CEO says that Volvo Car USA has turned the corner with two of its 90-series vehicles on sale and others due early next year. A U.S. sales increase of 29 percent through August is evidence that Volvo's gutsy revival strategy was the right choice. Volvo is building all its vehicles on its flexible Scalable Product Architecture, or SPA. And it is using only turbo and supercharged Drive-E engines paired with optional plug-in hybrid power. Lex Kerssemakers says that the company is on a turnaround in the U.S. that started with the XC90. Volvo was starved for product for y...
The International Council of Transportation has published recently a very interesting analysis of the California electric market. It provided a great overview of the effects of different policies and promotional activities in effect there through 2015, as well as lessons for other locations.This analysis was based around city-level data on electric vehicles for 30 different cities, including adoption rates, public charging infrastructure availability, model availability, promotional efforts, incentives, etc. Electric vehicle adoption rates in many Californian cities are much higher than elsewh...
It is absolutely clear already that the U.S. car market won't set another record this year, and will decline from 2015's record in the next few years, these words were finally told by the Honda Motor Co's top American sales executive. The industry will sell 17.3 million to 17.5 million light vehicles this year, this could almost reach the last year's record of 17.5 million. Honda’s John Mendel told reporters Thursday on a conference call. Beyond 2017, sales should run between 16 million and 17 million, he said, barring any major shocks, such as a sharp increase...
