Rare Rides: Grand Prix's V8 Finale, the GXP From 2005

The Pontiac Grand Prix was a long-term staple in Pontiac’s lineup, a Driving Excitement alternative to the Buick and Chevrolet cars with which it shared its various platforms. Though it faded from its initial personal luxury prominence, Grand Prix had one final V8 hurrah at the end of its life. It was a sort of return to form after many years with a maximum of six cylinders. Let’s check out some GXP goodness.

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The 10 Auto Brands That Bounced Back Fastest After the Last American Auto Sales Collapse, and the Seven That Didn't

Sales fell 27 percent. Brands such as Chrysler, Infiniti, Jeep, and GMC were in torments; shedding volume as demand withered. Subaru showed signs of relative strength, however, as did the Toyota RAV4. Passenger car market share was on the rise and…

Wait a second — we’re clearly not talking about the frightening first quarter of 2020. Scan the auto sales reports from 11 years ago and aside from a few familiar patterns, the U.S. light vehicle market of 2008 and 2009 did not resemble the U.S. light vehicle market of 2020.

Year-over-year, 2009 volume plunged 27 percent in the United States as a global recession melted home equity, eliminated jobs, and sent some of the biggest automakers in the world into a tailspin. Over the course of two years, auto sales actually dropped 35 percent, a loss of 5.7 million units.

Yet by 2012, three years after the collapse and three years into a recovery that would eventually produce record annual volume, 17 major auto brands (more than 100,000 U.S. sales/year) were selling in greater levels than they had in 2008. Meanwhile, seven other auto brands had yet to fully bounce back.

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QOTD: Alternative History of Avoiding Disastrous Consequences?

Last week we played a round of Armchair Alternative History where we discussed missed opportunities in the automotive industry. Conversation focused on actions automakers didn’t take when they should’ve.

Today is round two. Let’s go back and erase things that actually happened.

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US Treasury: Over $9B Lost In Auto Industry Bailout

The final tally is in: American taxpayers lost $9.26 billion from the Bush II/Obama-led rescue of the U.S. auto industry.

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Schuster: North American SAAR To Remain Strong Through 2020

Six years removed from the Great Recession, LMC Automotive senior vice president and economist Jeff Schuster believes North American auto sales will remain strong through 2020 despite the remaining effects of the recession.

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Ford: Gettelfinger Should Be Credited For Saving Company

Ford’s executive chairman Bill Ford, Jr. told CNBC this week that former United Auto Workers president Ron Gettelfinger “ doesn’t get enough credit for helping save Ford.

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Booming Van Sales Driven By Small Business

In a sign the broader economy is on an upswing, small business owners who use commercial vans in their business are replacing their aging equipment with new vans, fueling a boom not seen since the start of the Great Recession.

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Experian: Subprime Financing, Delinquencies To Grow in 2014, 100 Month Terms Coming Soon

Just over five years after the Great Recession tightened consumer lending standards on everything from cars to houses, Experian Automotive is forecasting growth in the subprime market for 2014, including longer loan terms and increased delinquencies.

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Auto Sales Expected To Grow In 2014 Thanks To 100 Month Financing
  • Arthur Dailey In Ontario 'distracted driving rules apply' . In Ontario while driving or stopped in traffic including at a red light or a stop sign it is illegal to i) use a phone or other hand-held wireless communication device to text or dial – you can only touch a device to call 911 in an emergency, ii) use a hand-held electronic entertainment device, such as a tablet or portable gaming console iii) view display screens unrelated to driving, such as watching a video program or a GPS device. In fact, simply holding a phone or other device while driving is against the law. – Government of Ontario website.Other examples of distracted driving may also include: personal grooming, eating or drinking, tending to children or pets. From Campisi LLP.
  • Theflyersfan $25,000 for an out of warranty VW Golf wagon. Make peace with the deity of your choice and do it soon because the world is set to come to an end any minute now.Being hauled on a flatbed doesn't rack up any miles so I guess that explains the 29,000 mile number. But at least it's a stick shift so would someone brave in the greater Columbus area take a chance? Just keep dry towels in the car to mop up all of the water that is bound to make an entrance sometime soon and wreck the interior. And get a AAA membership.
  • Slap I've got a red 2019 Alltrack S manual. Chose the S so I wouldn't have to deal with the potential leaks from the panoramic sunroof in the SE and SEL. So far it's been a great car - handles well and carries all of my stuff.
  • Arthur Dailey @Jeff, I agree completely. However those who are 'younger' than us and were not driving during that era do not seem to understand how the market viewed different brands or what consumers valued back in the late 1960s and the 1970s.
  • FreedMike Paging Corey...