auto sales

Auto
3:07 pm
Fri July 11, 2014

No, car sales are not going to just keep growing and growing forever

This has been a very good year for car sales.
Credit GM

Here's the main case to be made for annual car sales in the U.S. exceeding 18 million some day: 

Unlike other mature car markets (Europe), the U.S. population is still growing.  So....the more people there are, the more cars they will buy.  

The argument acknowledges that many young people are postponing buying cars, but says that's just because it's hard to get a job right now.  As soon as the economy improves, they'll buy cars, just like their parents.

But a new study by AlixPartners says that's ignoring a lot of trends that will push car ownership rates down.

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Stateside
3:58 pm
Tue March 11, 2014

What does the future look like for Detroit automakers?

General Motors headquarters.
user paul (dex) Flickr

The Detroit automakers are moving into their fifth year of recovery from the disastrous bottoming-out of 2009, when GM and Chrysler had to file for bankruptcy and Ford had to mortgage itself to the hilt to avoid the same fate.

Sales are brisk, auto loans are available and the future is bright, or is it?

Are there warning signs of another auto downturn? And if so, can the state of Michigan protect itself from getting hit as hard as it did in the last collapse?

Bridge Magazine writer Rick Haglund wrote about this in a recent piece for Bridge, and he joined us today along with Kristen Dziczek from the Center for Automotive Research in Ann Arbor. 

Listen to the full interview above.

Stateside
4:32 pm
Mon January 6, 2014

Looking at the year ahead for the auto industry

The North American International Auto Show is even tough for the Michelin Man.
Mark Brush Michigan Radio

The 2014 North American International Auto Show is just around the corner.

Reporters from around the world will descend on Detroit's Cobo Center next week for the media preview days, the big black-tie Charity Preview is on Jan. 17, and the doors open to the public on Saturday, Jan. 18.

With that in mind, we wanted to see what the upcoming year might bring for the auto industry. For that we turn to Michelle Krebs from Edmunds.com, and Michigan Radio’s auto reporter, Tracy Samilton.

*Listen to the audio above.

Auto
4:25 pm
Fri November 29, 2013

There's 1 month left to 2013, but its already been a good year for Detroit's Big 3

GM

Auto companies report November's auto sales next week.

The news should be good, especially for Ford, Chrysler and Detroit.

Michelle Krebs is an analyst with Edmunds.com. She says the Detroit Three have had a great year so far, with car sales leading the way.   

“But they also are the biggest seller of trucks,” says Krebs, “People are buying big trucks again like they haven't in a long time.

Krebs says GM's did better this year than she expected.  She adds that’s especially true since Consumer Reports called the new Impala the "best sedan in the U.S."

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Auto
11:41 am
Fri November 1, 2013

Chrysler, Ford, GM, Nissan and Toyota see sales increases

More cars are going to buyers with less-than-stellar credit.
Zelda Richardson

The carmakers posted October sales increases after a sub-par September.

More from the Associated Press:

The gains signal that automakers made it through the 16-day partial government shutdown relatively unscathed. Chrysler even predicted stronger industry sales for the month than most analysts.

"After a choppy start to the beginning of the month, Chrysler Group sales accelerated in the second half of the month with renewed consumer confidence," Reid Bigland, the company's U.S. sales chief, said in a statement ...

Analysts say the 16-day government shutdown in early October kept buyers out of showrooms early in the month, but that apparently was just a temporary slowdown ...

Auto sales have consistently been a bright spot in the U.S. economy. Sales are closing in on pre-recession rates exceeding 16 million, far above the 2009 trough of 10.4 million.

Auto
10:43 pm
Tue September 10, 2013

Government sells another $811 million in GM stock

(file photo)
Steve Carmody/Michigan Radio

DETROIT (AP) - The government is getting closer to selling all of its General Motors Co. stock.

The Treasury Department said in its August report to Congress that it sold $811 million worth of GM common stock last month.

The report dated Tuesday says the government has recovered about $35.4 billion of the $49.5 billion bailout it gave the Detroit automaker. That means taxpayers are still $14.1 billion in the hole.

Auto
10:54 am
Wed September 4, 2013

Automakers tally double digit sales gains in August

August was a good month for U.S. automakers.

Nearly all automakers are reporting double-digit sales gains as August shapes up to be another strong month for the industry.

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Politics & Culture
3:43 pm
Tue August 27, 2013

Stateside for Tuesday, August 27th, 2013

The Pentagon is proposing to cut back production of the Bradley Fighting Vehicle. We looked at what that could mean for the Michigan companies that make parts for the Bradley.

And, who wins and who loses when a major freeway is widened through urban neighborhoods?

And we looked at the local food scene in Grand Rapids to see just how food builds a sense of place.

Also, a dead zone has developed in Green Bay. What is causing it and is there anything we can do to fix it?

First on the show, There's been lots to celebrate in terms of sales for the U.S. car makers, bouncing back in a big way from their near-death experiences.

But those strong sales have the auto companies and their suppliers boosting production at a fast rate. And that could be having an unwanted effect---declining customer satisfaction with the vehicles they're turning out.

Claes Fornell, founder of the American Customer Satisfaction Index, joined us today to talk about the latest survey results.

Stateside
1:32 pm
Tue August 27, 2013

US car sales are up but customer satisfaction is down

Claes Fornell is the founder of the American Customer Satisfaction Index.
Wikipedia

There's been lots to celebrate in terms of sales for the U.S. car makers, bouncing back in a big way from their near-death experiences.

But those strong sales have the auto companies and their suppliers boosting production at a fast rate. And that could be having an unwanted effect---declining customer satisfaction with the vehicles they're turning out.

Claes Fornell, founder of the American Customer Satisfaction Index, joined us today to talk about the latest survey results.

Listen to the full interview above.

Auto
3:18 am
Mon July 29, 2013

July auto sales are expected to be very good

thecarconnection.com

Analysts are expecting a robust month for auto sales.

Jesse Toprak is an analyst with TrueCar.com.  He says July sales were good across all categories.

“But two extreme segments stand out, we see very high demand for small cars and small SUVS, and a very healthy demand for large pickup trucks,” says Toprak.

Toprak says the increase in pickup sales is being driven by small business owners, and an uptick in home renovations.

Stateside
5:41 pm
Wed July 17, 2013

European car sales are dropping and that's bad news for Ford, GM, and Chrysler

GM sells the Opel Corsa GSi in Europe. General Motors CEO Daniel Akerson says the company's European car business is not for sale.
GM Europe Flickr

The latest word on new car sales in Europe is not anything that's bringing cheer at GM, Ford and Chrysler headquarters.

New car sales in Europe have just suffered their worst June in 17 years, and the six-month number is the worst in 20 years.

Reporter Russell Padmore from the BBC in London joined us today to give us a look at what's behind this protracted free fall in European car sales.

And what do these European car sales numbers mean to folks at the Ren Cen in Detroit, Glass House in Dearborn, or the Tech Center in Auburn Hills? In other words, how are the poor sales in Europe affecting GM, Ford and Chrysler?

For that we turned to auto analyst Michele Krebs who’s with Edmunds.com.

Listen to the full interview above.

Politics & Culture
5:06 pm
Wed July 17, 2013

Stateside for Wednesday, July 17th, 2013

A state House panel in Lansing has kicked off a series of hearings on Common Core. You may have been hearing about the Common Core lately. They're a set of nationwide school standards put together by the National Governors' Association and they're being debated around the nation. We spoke with Michigan School Board President John Austin, a supporter of Common Core, and state Representive Tom McMillin (R-Rochester Hills), an opponent of the standards.

And, Michigan is seeing a lot of growth in its craft beer industry. We took a look at what’s behind this growth and what some Michigan brewers are doing to protect our waters.

Also, photographer Susan Webb joined us today to talk about her exhibit in the Kelsey Museum of Archeology, which links 20th century Detroit to the ancient city of Petra.

First on the show, the latest word on new car sales in Europe is not anything that's bringing cheer at GM, Ford and Chrysler headquarters.

New car sales in Europe have just suffered their worst June in seventeen years, and the six-month number is the worst in 20 years.

Let's look at what's behind this protracted free fall in European car sales.

Reporter Russell Padmore from the BBC in London joined us today.

And, what do these European car sales numbers mean to folks at the Ren Cen in Detroit, Glass House in Dearborn, or the Tech Center in Auburn Hills? In other words, how are the poor sales in Europe affecting GM, Ford and Chrysler?

For that we turn to auto analyst Michele Krebs who’s with Edmunds.com.

Stateside
5:12 pm
Wed June 12, 2013

Baby boomers hold the 'key to success' for automakers

Analysts say car sales are climbing.
Lester Graham Michigan Radio

When you look at much of popular media these days, it often feels as though the advertisers of America are eyeing that young audience. If you're over 55, you could certainly be forgiven for getting the idea that advertisers and agencies don't much care what you want to buy.

Well, a new study by the University of Michigan Transportation Research Institute proves that, at least when it comes to buying cars, it's those often overlooked, sometimes-invisible over 55's who are doing much of the buying.

The study found the 55-to-64 year old baby-boomers are 15 times more likely to buy a new car or truck than the 18-to-24 year olds.

John Wolkonowicz, an independent auto analyst, joined us from Boston today to talk more about why baby boomers seem to hold the key to success for automakers.

Listen to the full interview above.

Politics & Culture
4:59 pm
Wed June 12, 2013

Stateside for Wednesday, June 12th, 2013

On today's show, we found out why baby boomers seem to be key for the auto industry.

And, the author of the new book, "The Great American Jet Pack: The Quest for the Ultimate Individual Lift Device" joined us to take a look at the history of individual flight.

Also, we took a look into the ethics of technology and engineering with the help of Dr. Cynthia Finelli.

First on the show, one of the cities that has been in the headlines of late is Hamtramck.

Governor Snyder has declared that the 2.1 square mile city within Detroit is under a financial emergency and could come under the control of a state-appointed emergency manager.

But facing tough financial times is nothing new for Hamtramck. And, starting from its beginning as a home for Polish immigrants, the city continues to be one of the most diverse communities in the state.

We wanted to find out more about the unique history of Hamtramck, so we turn to someone who was born in Hamtramck. His family’s roots in the city go back to when his grandfather first arrived.

Greg Kowalski is chairman of the Hamtramck Historical Commission and he joined us today in the studio.

Auto
12:20 pm
Tue June 11, 2013

IHS buys Southfield company, R.L. Polk & Co. for $1.4 billion

Mark Brush Michigan Radio

IHS Inc. announced on Monday that they would buy the automotive data firm R.L. Polk & Co. for $1.4 billion.

Polk has a long history in southeast Michigan.

Founded in 1870 in Detroit, the company started keeping statistical data on the automotive industry in the 1920s.

Read more
Auto
5:23 pm
Fri March 1, 2013

Ford, GM and Chrysler posted gains in February sales

February was a good month for the Big 3.

The increase is a sign that U.S. auto sales remain strong even in an uneven economy.

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Auto
3:01 pm
Mon January 14, 2013

Toyota tops GM in global auto sales

A.N.M flickr

With projected vehicle sales of 9.7 million in 2012, Toyota has once again dethroned General Motors as the world’s top-selling automaker.

GM increased its global vehicle sales to 9.29 million but could not keep pace with the Japanese automaker as it unveiled new versions of its popular Camry model.

German automaker Volkswagen followed close behind with 9.07 million in global sales.

Christine Tierney of The Detroit News has more:

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Business
9:43 am
Tue January 1, 2013

Auto companies expect good December sales

(file photo)

December is shaping up to be another good month for the auto companies.

Analysts expect to see strong December sales numbers for General Motors, Ford, Chrysler and other auto makers:   Rising consumer demand, new models in the showroom, big year end deals. 

Mike Wall with IHS Global Insight says they’re all reasons to expect December to be a good month. 

“We still have a fairly old fleet out there…in terms of the average age of vehicles….and we have a consumer base that is starting to reengage the market,” says Wall.

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Auto
11:00 am
Sun September 23, 2012

GM offers big discounts to boost Volt sales

Chevy Volt (file photo)
Steve Carmody/Michigan Radio

DETROIT (AP) - General Motors is offering big discounts to boost sales of the Chevrolet Volt, an electric car that struggled to attract buyers until its price began dropping early this year.

Discounts run as high as $10,000 per Volt, according to figures from TrueCar DOT com, an auto pricing website. They include low-interest financing and subsidized leases.

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News Roundup
7:46 am
Tue July 3, 2012

In this morning's Michigan news headlines...

News Roundup: Tuesday, July 3rd
Brother O'Mara Flickr

Enbridge may face record penalty for 2010 spill

Enbridge Energy is responsible for the pipeline rupture that spilled more than 843,000 gallons of tar sands oil into the Kalamazoo River and Talmadge Creek near Marshall, MI.  EPA estimates that number is more than 1 million gallons.  Steve Carmody reports the U.S. Department of Transportation’s Pipeline and Hazardous Materials Safety Administration  (PHMSA) has spent the past few years reviewing the events that led up to the oil spill.  

PHMSA’s investigation found multiple violations of its hazardous liquid pipeline safety regulations related to integrity management, failure to follow operations and maintenance procedures, and reporting and operator qualification requirements. PHMSA issued its notice and proposed civil penalty to Enbridge in a Notice of Probable Violation. The agency is proposing a fine for Enbridge of $3.7 million, which would be a record civil penalty. Enbridge has said the company expects to spend $700 million cleaning up the spill.

Michigan to receive $23.8 million from settlement of drug marketing case

Michigan Attorney General Bill Schuette says the state is in line to get $23.8 million as part of a $3 billion settlement of an improper drug marketing case against GlaxoSmithKline LLC, the Associated Press reports. From the AP:

The U.S. Justice Department said Monday that the British pharmaceutical giant agreed to the payment and is pleading guilty to promoting two popular drugs for unapproved uses. The federal government says the company also admits failing to disclose important safety information on a third drug. Michigan was among states that sued the company. Schuette says GlaxoSmithKline underpaid the rebates in owed for drugs paid through Michigan's Medicaid program. The Justice Department says the $3 billion combined criminal-civil fine will be the largest penalty ever paid by a drug company.

June auto sales 

Analysts say U.S. auto sales continued to buck the otherwise poor economic news in June. Tracy Samilton reports:

Larry Dominique of True Car Dot Com says June car sales should be up about 18% from last June.    That's a pretty healthy increase given worries about the recession in Europe and the barely moving unemployment numbers in the U.S. 

Dominique says he will be interested to see what kind of cars people bought toward the end of June -- when gas prices went down noticeably. 

"Typical of Americans we tend to have short memories, so as fuel prices go down we tend to go towards larger displacements and trucks."

Dominique says Honda and Toyota had especially good sales in June.  He says the two companies have largely recovered from the tsunami last spring.

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