Worldwide new vehicle sales in 2012 are expected to rise 6.7 percent over 2011 volumes to 77.7 million vehicles, according to Polk, a Southfield-based automotive market intelligence firm.
Kelley Blue Book’s http://www.kbb.com reports that car shoppers are encouraged to buy their next used vehicle before the end of the year, as values are expected to increase 4 to 6 percent in early 2012.
All indications are that car and truck sales are starting to bounce back from a difficult summer.
While car sales won’t completely recover as fast as many analysts were expecting, a new report says domestic auto companies will get a growing part of that slowly recovering market.
President and CEO Alan Mulally told reportes the company is hoping to sell 8 million vehicles by mid-decade, up from 5.3 million vehicles last year.
Many car companies backed off on incentives and it appears that some customers have decided to wait for the deals to come back.
Presidents Day is generally seen as a good day to shop for a car.
General Motors may add dealers in big metro areas on the U.S. coasts because it expects sales there to grow.
“We’ve been given an opportunity here to fix this house, and the people have responded way beyond anybody’s expectations.” –Chrysler CEO Sergio Marchionne. As Chrysler posts a slight third quarter loss of 84, million dollars, […]
General Motors has the potential to make huge pretax profits once global auto sales fully recover, the company’s chief financial officer said Thursday in a video presentation that was posted online.