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 current slowdown in U.S. auto sales may be less severe for the auto industry than it seems. The reason is that most of the decline is in generally less-profitable fleet sales. The forecasting and consulting firms said they expect U.S. auto sales of just under 1.5 million in June 2017, down 2.3 percent from a year ago. That corresponds to a Seasonally Adjusted Annual Rate of 16.5 million, down from a SAAR of 16.8 million a year ago. The SAAR is an estimate for the full year of sales, based on the selling rate in a single month. June would mark the fourth monthly SAAR in a row bel...
Analysts say that U.S. auto sales in June will likely fall 2 percent from a year earlier despite large discounts for consumers, presenting a fresh sign that automakers are heading into a downturn. June U.S. new vehicle sales will be about 1.48 million units, a drop of 2 percent from 1.51 million units a year earlier. The forecast was based on the first 15 selling days of the month. Automakers will release June U.S. sales results on July 3. The seasonally adjusted annualized rate for the month will be 16.5 million vehicles, down nearly 2 percent from 16.8 million units in the same mo...
By saying the U.S. auto market goes down specialists literally ignore the fact that a shakeout normally requires a recession and rising unemployment to poison the market’s health, which by the way isn’t visible yet. Saying the consumer lending is currently in crisis is a wrong path, just like the worries that the U.S. car sales are about to dive by between 1 million to 4 million annually over the next 3 years. The downward spiral can be saved by another government “cash for clunkers” subsidies. A stretched consumer, falling used prices, and technological obso...
For the first time starting in 2019 Ford Motor Co. will export vehicles from China to the U.S.. The automaker plans to move the production of its Ford Focus small car from U.S. to China. Sales of small cars have dropped sharply in the U.S. and companies are seeking to cut costs making them. Ford's president of global operations Joe Hinrichs said the move to China will save the company $1 billion, including $500 million for canceling plans to build the Focus in Mexico. Wary of the response from President Donald Trump, who has criticized Ford for making vehicles outside the U.S., ...
Audi's U.S. chief expects the brand to post another U.S. sales record in 2017. It's an ambitious goal, given that U.S. sales this year are expected to be flat, especially in the luxury car market. Scott Keogh, president of Audi of America, said he's convinced Audi can do it — without resorting to excessive incentives — based on the strength of its lineup. Keogh says they broke through 210,000 units last year. He thinks it's worth pointing out that if we look at Audi America in general, it took them 40 years to sell 100,000 cars for the very first time. Th...
