Posted on 02/01/2013 4:56:09 PM PST by nascarnation
The U.S. new car market was up strongly in January. GM and Ford surprised analysts with double digit sales rates. Toyota, up 26.6 percent also surprised.
GM is up 16 percent on very strong sales of the Equinox and its Silverado and Sierra pickups.
Ford prints a 22 percent increase, powered by the Fusion. Lincoln sales are down 18 percent while customers wait for the MKZ to arrive in quantity at their dealers.
Chrysler was up 16 percent, but jaded analysts expected more.
Detroit OEMs and analysts expect the SAAR to be in the mid 15 million range
(Excerpt) Read more at thetruthaboutcars.com ...
A lot of people in the US think happy days are here again and have started to spend money and credit again.
http://www.zerohedge.com/news/2013-02-01/spot-odd-one-out
As for cars, the Volt apparently lost quite a bit of volume in January.
I think you’re confusing wholesale numbers (used for the corporate financial statements) with retail numbers (used as an indicator of consumer economic activity).
Sites like wardsauto and autonews track unsold inventory. Industry wide, inventories are trending down.
GM and Chrysler have high overall inventories from ‘stuffing the pipeline’.
A few other companies like Mitsubishi and Volvo have big supply just due to slow sales.
Most other companies are doing fine, with BMW, Audi and Subaru especially short on inventory.
Many really don't. If I read my search engine queries correctly, 25% of all new car loans are subprime. 40% of the used car market is subprime.
Very impressed with the new XV Crosstrek (from what I have read). It is actually has a tad more ground clearance than my Sidekick (stock). Now, if it only had low range. Guys take Subarus up in the mountains here in places you’d never think they could go (I guess it isn’t really only lezbos that buy them).
Enjoy your new Subaru!
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