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Posts Tagged ‘automotive sales’

Are You Ready to “Subscribe,” Rather Than Buy or Lease?

Automakers search for easier, friendlier ways to sell their products.

by on Oct.30, 2017

The third-generation 2018 Porsche Cayenne is part of the German maker's new "subscription" service.

Like the new 2018 Hyundai Sonata sedan but not sure it’s the right model for you? No problem. The automaker just launched the Shopper Assurance program which, among other things, offers potential buyers a three-day, money-back guarantee.

Maybe your taste – and budget – runs more towards Porsche, but you can’t decide between the classic 911 sports car, the Panamera sedan or the big Cayenne SUV. No problem there, either, at least if you’re living in Atlanta, where the German automaker has set up the pilot Porsche Passport program. For as much as $3,000 a month, customers in Atlanta soon will be able to switch between as many as 22 different Porsche models pretty much whenever they want simply by using a smartphone app.

Subscribe Now!

At a time when the Internet has changed the way Americans shop for most everything else, automakers are looking for ways to revise the classic car buying process, an experience often likened to getting a root canal – without the anesthetic. They’re exploring ways to cut out the haggling, speed up the sales process and make it simpler and friendlier. Some are even letting motorists shop at home or office, rather than having to trudge to the dealer showroom. (more…)

Have US Auto Sales Hit Their Peak?

Several key analysts dial back their forecasts.

by on Jul.12, 2016

While no one's predicting a major downturn, some analysts are dialing back their auto sales forecasts.

It wasn’t supposed to be nearly as good a ride. Coming out of the Great Recession, which saw U.S. auto sales plunge to their lowest level in more than half a century, industry planners had expected to see only a modest recovery. But consumers defied expectations and raced to showrooms in record numbers.

Now, however, the good times may be over. While no one appears ready to predict another major downturn, several key analysts are dialing back on their sales forecasts for the coming years.

A Look at the Future!

While the industry’s current, modest growth, “may go into part of next year, we’ve peaked,” said Dave Sullivan, a senior automotive analyst with the consulting firm AutoPacific, Inc. There are signs that much of the market has “already” leveled off, said Sullivan. (more…)

GM Slides to 3rd as VW Nabs 2nd Spot in Global Sales

Toyota firmly in the lead.

by on Oct.16, 2014

Vehicles like the new Golf "family" have helped Volkswagen grow sales worldwide.

For three-quarters of a century the world’s best-selling carmaker, General Motors has slipped another notch down the automotive ladder, Volkswagen AG pushing past to become number two in the industry pecking order.

With the first nine months of the year behind it, the German maker sold 7.4 million passenger vehicles compared to 7.37 million for GM. Though it hasn’t reported its numbers for the first three quarters yet, Japanese giant Toyota Motor Co. is expected to maintain its hold on the industry’s number one spot.

Stay in the Lead!

Industry analysts say the real race, going forward, is likely to be between Toyota and VW, the German automaker laying out an aggressive expansion program it hopes will let it become king-of-the-automotive-hill before the end of the decade.

(more…)