Tag: Incentives

By on April 14, 2014

Carlos Tavares

Though PSA Peugeot Citroen secured funding in a three-way deal between itself, the French government and Dongfeng, new boss and former Renault COO Carlos Tavares has a hard road ahead of him as he rebuilds the ailing automaker.

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By on April 7, 2014

2014-Chevy-Silverado _12_

Though Ram knocked Chevrolet off the monthly sales throne for the first time since August 1999, the brand is ready to reclaim their part of Truck Mountain by offering incentives and extending their annual Truck Month into April.

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By on April 2, 2014

092112_WEB_a_VW_Sign_t618

Leaked documents linked to the United Auto Workers battle for the Volkswagen plant in Chattanooga, Tenn. point to a connection between Governor Bill Haslam and the German automaker regarding a $300 million incentive in exchange for over 1,300 jobs at a proposed SUV plant within the state.

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By on February 28, 2014

2014 Chevrolet Silverado 1500 Exterior

Though the 2014 Chevrolet Silverado took home North American Truck/Utility of the Year at last month’s Detroit Auto Show, the large pickup and its brother, the GMC Sierra, have suffered from “the least successful large pickup launch over the last 15 years” according to Barclays Capital analyst Brian Johnson.

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By on February 26, 2014

Mazda-Dealership

Brief warming spells between polar vortices and Presidents Day sales boosted sales in February, though rising inventories and incentives raise questions about sales momentum heading into the oncoming spring selling season.

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By on February 25, 2014

fusion

As inventories of Ford’s Fusion continue to outpace demand — the result of a second plant brought online last year to keep up with demand for the newly redesigned midsize sedan — the automaker has been raising incentives to move more Fusions out of the lot.

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By on February 11, 2014

092112_WEB_a_VW_Sign_t618

Should the United Auto Workers win the upcoming election to represent workers at Volkswagen’s Chatanooga, Tenn. plant, the automaker may find itself shunned by state lawmakers as far as further subsidies are concerned.

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By on February 11, 2014

ku-xlarge (1)

Inventories of unsold cars and light trucks have swollen to their highest levels since the recession while sales growth in the U.S. market has slowed significantly in the past five months. That combination could mean larger discounts and incentives and lower profit margins in 2014. According to Automotive News, all three domestic automakers started February with more than a 100-day supply of unsold vehicles. Industry-wide automakers had 88 days’ worth of vehicles at the start of February, the highest February inventories have been since 2009, when the industry was at its nadir.

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By on January 29, 2014

2014 Cadillac ELR

If you should become one of the early adopters who purchase a Cadillac ELR soon, the brand has announced that they will throw in a free charging station as a gift for paying $75,000 over the next 36 to 72 months for the luxury plug-in hybrid.

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By on December 20, 2013

Dealer Customer Stock Photo

According to credit reporting bureau TransUnion, auto finance has a bright future ahead in 2014, with easier access to credit and bigger loans for consumers.

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By on December 3, 2013
Automaker Nov. 2013 Nov. 2012 Pct. chng. 11 month
2013
11 month
2012
Pct. chng.
BMW Group 36,411 36,540 0% 332,725 304,597 9%
    BMW division 31,752 31,213 2% 271,891 244,061 11%
    Mini 4,575 5,248 –13% 59,910 59,667 0%
    Rolls-Royce 84 79 6% 924 869 6%
BMW Group 36,411 36,540 0% 332,725 304,597 9%
Chrysler Group 142,275 122,565 16% 1,639,361 1,499,420 9%
    Chrysler Division 21,024 18,766 12% 282,222 282,454 0%
    Dodge 41,506 40,075 4% 548,654 472,598 16%
    Dodge/Ram 72,761 65,149 12% 880,469 742,641 19%
    Fiat 3,075 3,603 –15% 39,491 40,065 –1%
    Jeep 45,415 35,047 30% 437,179 434,260 1%
    Ram 31,255 25,074 25% 331,815 270,043 23%
Chrysler Group 142,275 122,565 16% 1,639,361 1,499,420 9%
Daimler AG 37,345 32,658 14% 306,898 273,694 12%
    Maybach 5 –100% 45 –100%
    Mercedes-Benz 36,386 31,949 14% 298,489 264,636 13%
    Smart USA 959 704 36% 8,409 9,013 –7%
Daimler AG 37,345 32,658 14% 306,898 273,694 12%
Ford Motor Co. 189,705 177,092 7% 2,268,644 2,030,107 12%
    Ford division 182,978 171,360 7% 2,194,934 1,955,341 12%
    Lincoln 6,727 5,732 17% 73,710 74,766 –1%
Ford Motor Co. 189,705 177,092 7% 2,268,644 2,030,107 12%
General Motors 212,060 186,505 14% 2,555,921 2,349,984 9%
    Buick 15,072 13,289 13% 190,130 163,935 16%
    Cadillac 16,172 14,517 11% 164,378 131,534 25%
    Chevrolet 145,089 128,867 13% 1,793,632 1,684,555 7%
    GMC 35,727 29,832 20% 407,781 369,960 10%
General Motors 212,060 186,505 14% 2,555,921 2,349,984 9%
Honda (American) 116,507 116,580 0% 1,390,057 1,290,011 8%
    Acura 14,559 12,246 19% 149,685 140,182 7%
    Honda Division 101,948 104,334 –2% 1,240,372 1,149,829 8%
Honda (American) 116,507 116,580 0% 1,390,057 1,290,011 8%
Hyundai Group 101,416 94,542 7% 1,159,326 1,161,993 0%
    Hyundai division 56,005 53,487 5% 657,778 643,572 2%
    Kia 45,411 41,055 11% 501,548 518,421 –3%
Hyundai Group 101,416 94,542 7% 1,159,326 1,161,993 0%
Jaguar Land Rover 6,047 4,400 37% 59,654 49,452 21%
    Jaguar 1,446 713 103% 15,408 10,962 41%
    Land Rover 4,601 3,687 25% 44,246 38,490 15%
Jaguar Land Rover 6,047 4,400 37% 59,654 49,452 21%
Maserati 887 208 326% 3,715 2,397 55%
Maserati 887 208 326% 3,715 2,397 55%
Mazda 20,754 21,691 –4% 260,983 249,793 5%
Mazda 20,754 21,691 –4% 260,983 249,793 5%
Mitsubishi 6,071 3,574 70% 55,804 53,677 4%
Mitsubishi 6,071 3,574 70% 55,804 53,677 4%
Nissan 106,528 96,197 11% 1,138,662 1,042,366 9%
    Infiniti 13,152 11,897 11% 103,223 107,250 –4%
    Nissan Division 93,376 84,300 11% 1,035,439 935,116 11%
Nissan 106,528 96,197 11% 1,138,662 1,042,366 9%
Subaru 36,621 28,206 30% 384,511 299,788 28%
Subaru 36,621 28,206 30% 384,511 299,788 28%
Suzuki* 2,224 –100% 5,946 23,412 –75%
Suzuki* 2,224 –100% 5,946 23,412 –75%
Toyota 178,044 161,695 10% 2,045,199 1,888,361 8%
    Lexus 25,611 22,719 13% 239,090 213,559 12%
    Scion 4,968 5,606 –11% 63,998 67,983 –6%
    Toyota division 147,465 133,370 11% 1,742,111 1,606,819 8%
    Toyota/Scion 152,433 138,976 10% 1,806,109 1,674,802 8%
Toyota 178,044 161,695 10% 2,045,199 1,888,361 8%
Volkswagen 48,695 52,916 –8% 556,839 553,242 1%
    Audi 13,636 12,067 13% 141,048 124,469 13%
    Bentley 320 212 51% 2,519 2,078 21%
    Lamborghini* 46 44 5% 506 476 6%
    Porsche 3,966 3,865 3% 39,077 32,091 22%
    VW division 30,727 36,728 –16% 373,689 394,128 –5%
Volkswagen 48,695 52,916 –8% 556,839 553,242 1%
Volvo Cars NA 4,233 6,141 –31% 56,345 61,967 –9%
Volvo Cars NA 4,233 6,141 –31% 56,345 61,967 –9%
Other*** 253 246 3% 2,783 2,702 3%
TOTAL 1,243,852 1,143,981 9% 14,223,373 13,136,963 8%

Sales of cars and light truck in the United States went up 9% overall to 1.24 million units delivered in November, selling at the fastest clip in almost seven years. The SAAR rose to 16.4 million units, exceeding analyst predictions of about 15.8 million vehicles. That’s the best seasonally adjusted annual rate since Feb. 2007, before the start of the global recession. November sales were the best since 2003 and close to the best November ever.

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By on November 18, 2013

Honda FCX Clarity

Remember this piece from the Honda Summer 2008 Hydrogen Collection? It was supposed to point the way to future of green fuel technology before the Tesla brought plug-in sex appeal down the ramp with their Roadster and, later on, the S, as well as the trend of compliance EVs from Chevrolet, Volkswagen and Kia.

But with sales of plug-in hybrids advancing far slower than originally expected regulators are taking another look at alternative ZEV powertrains.

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By on November 18, 2013

Hyundai production line Alabama plant

The Hyundai Sonata is the oldest car in its segment and a new model is expected next year. Normally, when a car is about to be replaced by the next generation of that model, automakers usually start increasing incentives to move the metal. Sonata sales are down 11% from last year. Now, Hyundai has slashed production of its midsize car, allowing it to reduce incentives to the second lowest in the segment. Average incentive spending on the Sonata is down to ~$2,200. Only Honda’s Accord, with about $840 in incentives available is discounted less.
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By on August 6, 2013

voltparade_r

General Motors announced that the 2014 edition of the Chevy Volt will start rolling off the assembly line at GM’s Detroit-Hamtramck assembly plant today. They also announced that when those new Volts arrive at dealers in a few weeks they’ll be $5,000 cheaper than the 2013 model. The move is in response to price cuts and lease deals on competitors’ EVs. After Nissan cut the price of the Leaf by $6,400 in January, its sales are up 300% from last year for the first half of 2013, just barely outselling the Volt. In July, Ford lowered the price of the Focus Electric by $4,000 and the recently launched Fiat 500e and Chevrolet Spark EV are offering $199/month leases.

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By on July 1, 2013

Malcolm X by any means necessary

 

This year’s sales race in the mid-size segment is one of the most competitive in recent memory. 5 of the top 10 best-selling cars in America are mid-sizers, and automakers are pulling out all the stops in an effort to unseat the Toyota Camry from its standing as America’s best-selling car. But Toyota isn’t going down without a fight.

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