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Tag Archive for 'record'SAAR up slightly in December January 5th, 2009 by Bill Cawthon
Based on preliminary data, December’s seasonally adjusted annual rate (SAAR) came in at 10.32 million light vehicles. This beats the 10.18 million figure recorded in November and marks the first increase in the SAAR in 2008. However, it is still a decline of over five million units from December 2007’s SAAR of 16 million. Auto industry seen as most distressed in 2009 December 30th, 2008 by Bill Cawthon
The automobile industry, hammered by slow sales and tight credit, will pass homebuilding as the most distressed industry in the United States next year. The still-suffering housing industry, the winner for 2008, is seen as falling to third, after autos and the retail sector, according to an early December survey of the213-member Turnaround Management Association. Chrysler sales plummet in November; Dodge still strong brand December 3rd, 2008 by Bill Cawthon
Chrysler sales plunged 47.1 percent in November as tight credit and consumer concerns about the economy took a toll on the entire industry. Compounding the matter was buyer uncertainty about the future of Chrysler and the other American automakers. In its loan request to Congress, General Motors cited a study by CNW Marketing Research that [...] Chrysler trimmed incentives in November December 2nd, 2008 by Bill Cawthon
Chrysler reduced incentive spending last month, looking to conserve precious cash. According to figures compiled by Edmunds.com, the average November spiff of $3490 was $205 lower than October 2008, but up $176 from November 2007 as the competition for scarce sales remained fierce. Financial Times: Cerberus still wants Chrysler-GM Merger November 21st, 2008 by Bill Cawthon
Even as Chrysler CEO Bob Nardelli was in Washington pleading pleading for money, the Financial Times reports that an unnamed source says owner Cerberus Capital Management is interested in returning to merger talks with General Motors. The talks are currently at what the Times‘ source describes as ”a very low level” but they would be ramped up quickly if a federal [...] Trio of Wranglers tackle transcontinental trek November 11th, 2008 by Bill Cawthon
German adventurer Matthias Jeschke is leading a team of intrepid explorers in three specially-equipped Jeep Wrangler Unlimited Rubicons on a drive from Paris to New York. Since the North Atlantic is a bit deeper than even the Wrangler can ford, they are going the long way: east, spanning the Eurasian continent, making a midwinter crossing [...] Grim October sales pace worst in 25 years November 4th, 2008 by Bill Cawthon
As predicted, October’s U.S. light vehicle sales weren’t pretty. A tough economy and severely tightened credit produced a seasonally adjusted annual rate of just 10.56 million sales, the lowest SAAR since February 1983. Combined reported sales numbers missed even September’s anemic levels, coming in at about 838,000 units, 130,000 units less than last month and [...] |
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