Category: Automotive News
Rising Gas Prices Will Be Factor In 2011 Auto Sales
January 8th, 2011, No Comments
The rise in gas prices will be a factor in auto sales for 2011. While never good for the economy, higher gas prices increase consumer demand for small cars, hybrid, electric and diesel vehicles. New cars are more fuel efficient and many alternative fuel vehicles or coming to market. Many industry analysts are [...]
Tough Year For Toyota
December 31st, 2010, No Comments
Toyota has had a tough year in 2010. It has certainly taken a beating but is still the major foreign auto maker. With the recalled of more than ten million Toyota vehicles worldwide and being hit with almost $50 million in fines by the National Highway Traffic Safety Administration for failure to comply with [...]
Optimism For Automakers in 2011
December 30th, 2010, No Comments
Auto makers have reason for optimism in 2011 as 2010 finishes on the upswing. Next year, it is expected that car sales will increase by at least 1 million vehicles in the United States. Inventories on car dealer lots are already creeping up as both the auto maker and dealers ready for increased demand. [...]
BMW Car Sales Going Strong
September 24th, 2010, No Comments
BMW car sales in recent months have been better than expected, fueled by soaring demand in China. China has been one of the bright spots during the current market recession and is now driving a faster than expected recovery in the auto industry world wide. BMW has projected full year sales target of [...]
Times Bleak For Lincoln Dealers
September 24th, 2010, No Comments
Ford plans to make going to make a major investment in Lincoln over the next four years with seven new or significantly refreshed products. However, Lincoln Dealers are operating at an average of 2 sales per week per dealer which does not keep them in business. Ford is asking Lincoln Dealers to make [...]
BMW Finance Opens China Market
September 21st, 2010, No Comments
German luxury car maker BMW has received approval to set up an auto financing unit in China, becoming the latest foreign automaker to tap the country’s fledgling but potentially lucrative auto financing business.
BMW Automotive Finance (China), a 500 million yuan ($73.98 million) tie-up between BMW and its China car venture BMW Brilliance Automotive, is expected [...]
Auto Sales Recovery Still Not In Sight
September 7th, 2010, No Comments
Many economists had anticipated auto sales to be on the upswing by late 2010 which has not been the case. Many economists have actually adjusted future forecasts down for 2011 to less than 13 million. Deliveries of new cars fell 5% from July and 21% from a year ago, resulting in the worst [...]
LemonFree.com Awards Automotive Internet Media exclusive distributorship of Lemonfree.com Dealer Certified Program
August 17th, 2010, No Comments
Lemonfree.com is a very popular emerging automotive marketplace. Their network of automotive sites is quickly growing, with their audience approaching almost 100,000 unique vehicle shoppers every day.
LemonFree.com can attribute its astounding growth in the last few years to an understanding of how internet savvy auto consumers make purchases online,” said Tony French, President [...]
Car Sales Mixed Bag
August 2nd, 2010, No Comments
Car Sales showed a mixed bag across the world with European sales, specifically France down by 13%. However, China and Japan showed a positive grow in Car Sales with a increase in China of 15%. The Asian increases where fueled by government subsidizes with China providing over $400 per auto. The world [...]
Electric Cars On The Move
June 6th, 2010, No Comments
Fisker Motors just received funding to move forward with their prototype electric car. With Tesla Motors well on their way with close to a half a billion in federal funds, we have two major players in the mix. The domestic automakers are also staying in the mix with major hybrid offerings. Ford has the Ford [...]
