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...
According to the latest data from General Motors, the second-generation Chevy Volt continues to rack up impressive sales numbers. It has been announced that the sales of the Chevy Volt have now reached 100,000 units. This is probably due to a growing demand for alternatively powered automobiles. Steve Majoros, Director of Marketing, Chevrolet Cars and Crossovers, says that the model delivers not just a fun driving experience behind the wheel. It has become the first vehicle with plug-in electrification technology to truly become mainstream. Last month, GM's plug-in hybrid sold a...
AutoNation Chief Executive Mike Jackson confirmed that demand for cars and trucks are slowing in the U.S. He also added that the operator of auto dealerships around the country is aiming to cut excessive inventory of unsold vehicles. Mike Jackson said that the market for cars and trucks in the U.S. is forcing dealers and automakers to come up with a new strategy for their business. It's difficult to accept the current situation after enjoying years of good growth. Jackson considers that the major problem is that the automakers overproduce their vehicles, offer deep discounts an...
We know what a success presents the steady growth of American automobiles market, and the most important thing here is that last year auto makers have even set a record by selling more than 17.4 million new cars. Now, the consumer demand is slowly reducing after six consecutive years of rising sales, the industry might be near collapse because of the financial crisis, and car companies are put in pressured situations. The results for this month are expected to appear on Tuesday, car companies might lose their investors if the sales will be lower than the previous month. ...
Ford Motor Co. said Thursday its second-quarter earnings fell 9 percent to $ 1.97 billion and warned of a “very weak third quarter,” as US demand softens and the automaker launched its redesigned versions of heavy trucks.Ford Motor Chief Financial Officer Bob Shanks said "all options are on the table" for cost cuts in Europe because of Britain's vote to leave the EU but said the company is not ready to announce any plant shutdowns in the UK. Shanks said the Brexit vote cost the company $60 million in the second quarter due to the falling value of the British pound. Fo...
We are all waiting for the July car sales report to be revealed at the beginning of August, it is expected to set the stage for a robust second half of the year in dealer showrooms, according to our monthly forecast. We consider that it will be the best July for the last 11 years. The sales for this month will reflect a 0.7% increase from June 2016 and a 0.8% increase from July 2015, it means it will result in an estimated seasonally adjusted annual rate of 17.8 million. July sales suggest that 2016 is gonna be a great month for car sales just like last year's record-setting sal...
