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Edmunds.com has cut its light vehicle sales forecast from 12.9 million to 12.6 million sales this year. Citing the Japanese disruptions, continued economic uncertainty and consumer fears, Edmunds says it doesn’t see the year’s early strength returning to the market in the remaining months of 2011. Through April, auto sales were running at a seasonally [...]
With more negotiations between Chrysler and the United Auto Workers still to come, the terms of the new agreement between General Motors and the UAW have been made public. The entire contract runs 422 pages, but the UAW highlighted the new benefits for its membership. Jobs, investment and products: Spring Hill, Tennessee – two mid-size [...]
Edmunds.com’s Auto Observer says the average Chrysler Group vehicle is taking five days longer to sell than it did a year ago. According to numbers published today, the average Chrysler Group vehicle spends 72 days on the dealer’s lot compared to 67 days in August 2010. Over the past year, the monthly turn rate has [...]
A stagnant economy, plunging consumer confidence, and an East Coast hurricane on the last selling weekend of the month combined to keep a lid on August light vehicle sales, but there were still some bright spots. Chief among these was the performance of Chrysler Group where sales jumped 30.6 percent to 130,119 cars and trucks. [...]