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Automotive industry analyst John McElroy is “bullish” about the future of the Detroit 3, forecasting a profit break-even point at 10-million SAAR (seasonally adjusted annual rate) and for the domestic OEMs to be “extremely profitable” at 14 million units yearly in sales.
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NADA Used Car Guide Analyst Paul Taylor says economic fundamentals point to strong used-car market.
Read More →In response to the recently recalled 2010 Toyota Prius, Kelley Blue Book has announced that the transaction price of the new Prius will drop by $1,000 to $1,500 on Feb. 12.
Read More →Chrysler Group's chief executive says fleet customers such as rental car companies are “the anchor on which I can rebuild,” and adds the turnaround might take another two years.
Read More →In a letter to dealers, GM said it would offer $7,000 for every new Saturn or Pontiac sold to dealers and then moved to rental-vehicle or service-vehicle fleets.
Read More →Sales of small- and medium-sized business fleets have improved since May, while government fleet volume is expected to improve in the coming quarter, CNW Market Research says.
Read More →According to Kelley Blue Book, in 2009, the average vehicle maintained 34.2 percent of its original value after five years in contrast to 2010 models, which are projected to maintain an average of 32.6 percent of their original MSRP.
Read More →AutoPacific forecasts industry volume of 11.4 million units in 2010, and 15.4 million in 2015, a far cry from the near-17 million unit years achieved in the past decade.
Read More →Combined retail and fleet volume is expected to hit 1.02 million units, up from December 2008.
Read More →With the limited supply of used vehicles, shoppers can save as much as $8,460 by purchasing a new car instead of a used version of the same vehicle.
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