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Category Archives: results
Used Vehicles Sales Strong in December. Trucks in Demand
With 80% of all workers commuting in vehicles, 38,711,288 previously owned cars and trucks have changed title so far this year with a total value from all three channels based on transaction prices at $29.12 billion, up +7.8% compared $27.01 billion in the comparable period. The record for used vehicle sales in one year occurred in 2005 at 44,138,263. Continue reading
Posted in sales
Tagged autoinformed, autoinformed.com, cnw, Ken Zino, used vehicles sales
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Auto Buyers Shopping Lenders. Captives Have Higher Satisfaction Rates
New car dealer recommendations are the most influential concerning lender choice (48% luxury and 50% mass market), but nearly one-fourth (24%) of luxury customers and nearly to one-third (32%) of mass market customers now consider multiple lenders before selecting their finance provider. Continue reading
Posted in customer satisfaction
Tagged auto financing, autoinformed, autoinformed.com, Ken Zino
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Ally Financial Pays Treasury $5.9 Billion, 70% of Taxpayer Debt
As a result, Ally has repaid the U.S. taxpayers $12.3 billion of the $17.2 billion investment that was made in the company when its reckless lending practices in the home mortgage market forced it into bankruptcy. Continue reading
Posted in financial results
Tagged ally, autoinformed, autoinformed.com, gmac, Ken Zino
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Tucson Fuel Cell EV $499 Month Next Spring
The move – part image enhancing green marketing and part technology preview – will put pressure on other automakers to respond. Honda and Toyota have announced plans to sell a limited number of fuel cell sedans in the Los Angeles area by 2015, dependent on a government project to build an expensive hydrogen-refueling network. Continue reading
Honda Fuel Cell Concept Debuts at Los Angeles Auto Show
Honda’s next generation fuel cell-electric vehicle has what is for the moment the world’s first fuel-cell powertrain packaged completely in the engine room of the vehicle. This not only allows more interior space, but it gives the Japanese automaker some flexibility in the use of fuel cell technology in different vehicle types. Continue reading
November U.S. Sales Forecast at 1.2 Million
Through the first half of November, the average transaction price of new vehicles is $30,079, an increase of $461 from November 2012. Sales and transaction price increases mean that consumers will spend 10% more on new vehicles during the month than they did in November 2012, and nearly double the level of November 2008 during the Bush Administration’s Great Recession. Continue reading
EU Posts Second Straight Month of Gains in Car Sales
Nonetheless from January to October, new car registrations amounted to 10,006,807 units, or -3.1% fewer than in the same period last year as the austerity policies of European politicians continue to wreak havoc on a weak economy that is experiencing five straight years of light vehicle sales declines. The October results were the second lowest level to date for a month of October. Continue reading
Posted in auto news, sales
Tagged autoinformed, autoinformed.com, eu sales results, eurozone, Ken Zino
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Volkswagen Group on Track for 9.5 Million in 2013 Sales
Volkswagen Group is now saying it will sell 9.5 million vehicles for the full year, which, if true, could unseat the existing Number One Global sales leader Toyota Motor and Number Two General Motors, both of whom currently have more conservative sales forecasts. Continue reading
Treasury Recoups another $1.2 Billion from GM
The U.S. Treasury during October continued its sale of GM common stock receiving net proceeds of ~$1.2 billion without saying how much it received per share. Continue reading
Posted in financial results
Tagged auto bailouts, autoinformed, autoinformed.com, Ken Zino, tarp
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Automotive Waste Heat Recovery Closer to Production
Not surprisingly, given increasingly stringent fuel economy and CO2 regulations, much advanced research is being done to see how this wasted exhaust heat can be used. Two areas show promise – generating electricity from the heat, and/or using the exhaust heat for a vehicle’s heating and ventilation system. Continue reading
Posted in electric vehicles, energy, fuel economy or emissions
Tagged amerigon, autoinformed, autoinformed.com, doe, freedom car office, gentherm, Ken Zino
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China Pulls October Global Vehicle Sales to All-Time Record
The global auto market during October is running at a record rate of close to 85 million light vehicles a year. China as usual is at the forefront of the increase with a historically strong selling rate of 22.4 million annually. Sales are also increasing in other markets, with West European demand slowly moving upwards while Brazilian and Japanese sales were astrong. Continue reading
Posted in sales
Tagged autoinformed, autoinformed.com, global light vehicle sales, Ken Zino, lmc
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Eight States Want 3.3 Million EVs on U.S. Roads by 2025. Here come More Subsidies for the Rich
Eight states, representing 27% of the total U.S. new vehicle market, have announced a joint plan to put 3.3 million allegedly zero-emission electric vehicles on America’s roads by 2025. “Alleged” because EVs are elsewhere emissions vehicles when you take into account how the electricity is generated. Continue reading
Toyota Motor Posts Huge Gains in Income and Profits
Toyota Motor Corporation today said it had net income of ¥1 trillion for the six-month period ending 30 September 2013. The huge increase from ¥548.2 billion in the same period the year earlier came with flat sales but TMC, the largest automaker in Japan and the world, benefited enormously from the manipulation of the yen by the Japanese government to keep it artificially weak. Continue reading
Posted in economy, financial results
Tagged autoinformed, autoinformed.com, Ken Zino, tmc
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Trucks Dominate U.S. October Sales as Offshore Brands Dip
The government shut down. The SAAR slipped to a seasonally adjusted annual rate of 15.23 million units. Offshore brands were outpaced by soaring Detroit Three truck and SUV sales, according to the final October U.S. sales results from AutoData. Continue reading
Ford Motor October Sales Increase 14%
Ford Motor Company’s October U.S. total sales of 191,985 vehicles increased 14% compared to October 2012 that was severely depressed because of Hurricane Sandy. In an overall market that rose 8%, with extremely weak results for the first two weeks of the Republican-led government shutdown. Continue reading
Posted in economy, sales
Tagged autoinformed, autoinformed.com, ford October sales, Ken Zino, lincoln
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