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...
China's Zhejiang Geely Holding Group has delayed Lynk & CO's sales launch in Europe and the United States because it needs more time to establish a company-owned dealership network. Alain Visser, Lynk & CO's senior vice president of marketing and sales, said that they will start in Europe between the first quarter and the first half of 2019 and enter the U.S. some months later. Originally, Lynk planned to debut in both markets in late 2018, starting with sales of the 01 compact crossover. Volvo Car Corp.’s sister brand also revealed this week that Berlin a...
We were expecting for car sales to calm down in February, but despite all the expectations and predictions we were still hoping for better results. Bad news, U.S. auto sales showed to be even less resilient this month than anticipated. If we have to compare these results with February last year, than they are down 1.1%. Automakers like General Motors (GM), American Honda Motor Co., and Nissan North America reported new-car sales gains from a year ago. Volkswagen Group, plus the premium German nameplates and three independent brands, also posted sales increases. However, Ford Motor Co. (Ford) a...
Harald Krueger says BMW Group will stick to its investment plans for Mexico and the United States despite warnings from President Donald Trump to impose border taxes on cars imported into the U.S. BMW said last month that it plans to finish construction of a new $1 billion plant for its 3 series in Mexico undeterred by threats from the president that he will introduce heavy tariffs on cars imported into the U.S. from its southern neighbor. Krueger claims that they need free world trade. BMW would also continue to invest in its Spartanburg plant in the U.S., its largest worldwide. BM...
Detroit automakers are pushing new investment in U.S. production of trucks, crossovers and SUVs to tap into the higher profit margins these vehicles yield. They make an awful lot of money. Automakers spend about the same amount to make a vehicle, whether it’s a crossover or truck or sedan. Yet a full-size pickup truck has an average transaction price of almost $40,000. A large SUV has a transaction price of $58,000 and even a mid-size crossover moves off the dealership at nearly $35,000. But the average transaction price of a compact sedan is less than $19,000 and a mid-size ...
Yes, this year will go down as another big year for the U.S. auto industry. The question is whether it will go down as another record year. Following a strong November showing, total U.S. sales through 11 months this year have surpassed those through the same point in 2015, which went down as the strongest sales year on record. But the difference is razor-thin – just 6,418 units. J.D. Power and LMC Automotive, in a forecast released Thursday, said 2016 should reach 17.5 million vehicles sold, breaking 2015's annual sales record by only about 26,000 units. That would mark a...
