In the beginning of the new millennium, U.S. new auto sales topped 17 million a few times as Americans used the assumed equity in their houses to stuff their three car garages with more cars than there were driver’s licenses in the nation. In 2000, a total of 17,349,700 new cars changed hands. A year later, 17,121,900 units. It deteriorated from there. In 2007, 16,089,300 cars were sold. And we know what happened thereafter.
If we buy and sell 11.5 million new cars this year, it will be called a recovery. For 2011, J.D.Power sees maybe 12.8 million, if it all works out. They had seen a bit more before, but grew cautious lately. Now, a prophet appeared that predicts the miracle everybody prays for, a return to former (albeit fleeting) glory: (Read More…)
Tagged as Bertel Schmitt, bunk, IHS, Sales
Recent Comments
nrd515 - Tearing of fuel lines, would be my best guess. I saw a car burn like this one did on I15, East of LA about...
wmba - If Toyota is to be believed, as reported by Bertel, 60% of car building cost is investment in plant, 20% in parts, 20% in labor and miscellaneous. In...
redav - It won’t be more than a year. They’ve said their goal is to get to market this fall as a 2014 model year. However, they had a similar goal with the 6, which...
Kyree S. Williams - I see quite the opposite–far greater numbers of *non-fleet* Chrysler Group minivans than Toyota or Honda...
Detroit-Iron - Get a Toyota and let nature (or magic floor mats) take its course.
Power6 - The Rogue has a very typical FWD based AWD system as described in the article, there is no center diff, it has a computer...
Detroit-Iron - It’s the carets but then the word “strike” didn’t show up at all so the sentence really made no sense. Oh well, just trying to add the...
Kyree S. Williams - The Barracuda will actually be under the SRT brand, alongside the Viper…so there goes that as well. And...
Nick 2012 - I thought I’d enjoy the isolation chamber that is a loaded 2013 Taurus Limited over my loud and bouncy Honda Fit and the 285 hp V6 would provide some...
Power6 - Subaru MPT is not in its own class, it is similar to the Haldex and other FWD add-ons. These diff-less systems are not...