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 US car buyers are showing signs of fatigue, raising concerns over the broader outlook for consumer spending—a key engine of U.S. Growth. Sales of light vehicles in the U.S. have increased for six straight years, touching a record 17.5 million units in 2015, and are potentially on track for another record this year. But sales now appear to have plateaued, leading to a buildup of inventory and a return to discounting—something auto makers swore off when emerging from the recession. Dealership sales, measured in dollars, fell a seasonally adjusted 0.5% in November from ...
It's time to congratulate Ford Motor Co, since it's taking a much different approach to fleet sales than rival General Motors. While GM plans to slash sales to daily rental companies by 75,000 units this year and has plans for more cuts in 2017, the Blue Oval has held steady. Ford's president of the Americas, Joe Hinrichs says the the automaker doesn't see an adjustment necessary in the daily rental. Through November, Ford's daily rental sales are at the same level they were a year ago: 11 percent of its total sales. Year to date, Ford's total fleet sales are...
In just a few hours car companies will reveal their sales results for this November and we expect them to be not so bad since they had many chances to increase their income due to Thanksgiving holidays. We project a total U.S. vehicle sales for this month, including fleet and deliveries to hit 1.367 million units,, which is up 3.6% from the same period last year. On a daily selling rate basis, adjusted for the extra sales days, we expect transactions to decline by upward of 4.7% year over year. And excluding fleet sales, deliveries made to rental-car companies and other bulk buyers,...
Bad news don't come alone, so as the car sales decline from month to month, General Motors said it will lay off 2,000 workers because of slowing car sales even as it makes new investments in its plants. GM said it plans to cut the third shift at its Lansing Grand River Assembly Plant in Michigan and Lordstown Assembly Plant in Ohio in January because sales of cars made at those plants are declining. The automaker assembles the Cadillac ATS and CTS and the Chevrolet Camaro at its plant in Lansing and makes the Chevrolet Cruze at its plant in Lordstown. GM had a slight increase in...
One sector of the U.S. automotive industry will be quite unhappy at the announcement of the new car brand, from the Chinese industrial group Zhejiang Geely Holding Group. We are talking about the franchised car dealers. The new brand, aimed at Millennials, is likely to be sold under a non-traditional retailing approach, according to cryptic postings on various websites. Geely and Volvo, which Geely owns, likely are planning to sell via the Internet and company-owned stores, not through franchised dealers. Lynk, an "affordable premium" vehicle resembling those built by Volv...