Cars
Tough times are upon us. Today's children will grow up linking "stimulus package" to any thing that needs assistance. House values are shrinking. Home sales are down. Retail stores are suffering. Vehicle sales are tumbling. Uh-oh.
- Car Prices Hit Record Highs In The U.s., Average Transaction Up 7% From Last Year
The U.S. auto market is gaining momentum after the recession which led to the bankruptcy of the General Motors and Chrysler groups, but so are median car prices. According to TrueCar.com, the average transaction price for new light vehicles in the States...
- Chrysler Llc Announces New Employee Pricing Program With Up To $6,000 Discounts
Tough times ask for tough measures; in order to get sales moving, Chrysler LLC announced today a new "Employee Pricing Plus Plus" program for the purchase or lease of a new 2008 or 2009 Chrysler, Jeep or Dodge vehicle. In addition to the employee price,...
- U.s. Auto Brand Market Share - February 2012
The 2013 Chevrolet SparkAs an organization, General Motors sales were up a scant 1.1% in the United States in February 2012. The market, as a whole, improved at a rate of 15.7%. GM was far from average in terms of growth, then, but no automobile manufacturer...
- New Vehicle Market Share By Brand In America - January 2011
Nearly 22 out of every 100 new vehicles sold in the United States in January 2011 was a General Motors car, truck, SUV, or crossover. Overall, 45.9% of new vehicle sales were attributed to the Detroit Three. This is interesting given that January was...
- Canada Auto Sales January 2010
*Updated February 9th @ 9:01pm* Passenger car sales in Canada were steady as she goes in January, down just a tenth of a percentage point over January of 2009. Sales of light trucks rose slightly, from 41,107 in January of 2008 to 45,885 last month. Detroit's...
Cars
AUTO INCENTIVES HIGHER THAN BELIEVABLE
Tough times are upon us. Today's children will grow up linking "stimulus package" to any thing that needs assistance. House values are shrinking. Home sales are down. Retail stores are suffering. Vehicle sales are tumbling. Uh-oh.With sensitivity to those who've lost their jobs (129,000 Canadians and 598,000 Americans in January) and are not likely to be found scouring new car dealerships for deals and steals, let it be known that now is the time to buy. "Reasoning, if you please?" say ye.Â
It's simple... really. Never in my time of writing about cars have automakers been so desperate for sales. For proof, check out the Numbers below.
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2,714 - "cash on the hood", measured in USD, of the average new vehicle sold in American in January of 2009
5.2 - percentage drop in the average incentivization on new vehicles from December to January, but still up 12.5%, says Edmunds.comÂ
27 - percentage of new vehicles sold in January to be labelled officially as MY2008 vehicles, more than double the percentage of MY2007 vehicles sold in January of '08
3,438 - average "cash on the hood" in January, measured in USD, of Chrysler, General Motors, or Ford products
3,297 - average cash incentives, measured in USD, of European-branded vehicles sold in the United States in January
2,963 - average cash incentives available for Hyundai and Kia products sold in January, measured in USD
1,775 - average cash incentives provided by Japanese manufacturers in January, measured in USD
1,900,000,000 - the automotive industry's estimated aggregate incentive spending for January
5,297 - average USD incentive available on "premium sport cars" by Edmunds.com's reckoning
501 - average USD incentive available on "subcompact cars", Edmunds.com believes
13.7 - percentage of a new pickup truck's MSRP available as an monetary incentive to purchase
5,594 - average incentive on a new Lincoln in January
4,965 - average incentive on a new BMW in January
0 - typical incentive available for BMW's Mini Cooper in January
- Car Prices Hit Record Highs In The U.s., Average Transaction Up 7% From Last Year
The U.S. auto market is gaining momentum after the recession which led to the bankruptcy of the General Motors and Chrysler groups, but so are median car prices. According to TrueCar.com, the average transaction price for new light vehicles in the States...
- Chrysler Llc Announces New Employee Pricing Program With Up To $6,000 Discounts
Tough times ask for tough measures; in order to get sales moving, Chrysler LLC announced today a new "Employee Pricing Plus Plus" program for the purchase or lease of a new 2008 or 2009 Chrysler, Jeep or Dodge vehicle. In addition to the employee price,...
- U.s. Auto Brand Market Share - February 2012
The 2013 Chevrolet SparkAs an organization, General Motors sales were up a scant 1.1% in the United States in February 2012. The market, as a whole, improved at a rate of 15.7%. GM was far from average in terms of growth, then, but no automobile manufacturer...
- New Vehicle Market Share By Brand In America - January 2011
Nearly 22 out of every 100 new vehicles sold in the United States in January 2011 was a General Motors car, truck, SUV, or crossover. Overall, 45.9% of new vehicle sales were attributed to the Detroit Three. This is interesting given that January was...
- Canada Auto Sales January 2010
*Updated February 9th @ 9:01pm* Passenger car sales in Canada were steady as she goes in January, down just a tenth of a percentage point over January of 2009. Sales of light trucks rose slightly, from 41,107 in January of 2008 to 45,885 last month. Detroit's...