car sales

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

An interview with Russell Padmore and Michele Krebs.

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.

Auto
11:42 am
Fri August 24, 2012

Ford's touch screens get thumbs-down from Consumer Reports

Randy Stern Wikimedia Commons

Consumer Reports says it's not just picking on Ford with its latest blog, entitled "Why the MyFord Touch control system stinks."  The magazine says Ford is one of the worst offenders, but it says any car touch screen that takes the driver's eyes off the road is a bad idea. 

MyFord Touch controls the radio, heat or air conditioning, navigation, trip computer, and, well,  just about everything except the gas, brakes and steering wheel. 

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Auto
9:10 pm
Tue July 17, 2012

Share your car, says GM, and we'll help you do it (with Onstar)

RelayRide will allow car-renters unlock a vehicle they're renting with their smart phone
Onstar

General Motors says its On-Star customers can now use their GM cars to make some extra money - by renting out their vehicles.

Car-sharing allows someone to rent their personal vehicle to people who don't own one. Typically the borrower just needs a car for a few hours, for errands, grocery store visits or the like.

Now, GM car owners who subscribe to Onstar can rent out their cars through a car-sharing company called RelayRides.

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Auto/Economy
1:44 pm
Thu April 5, 2012

Car owners please apply!

Love it or hate it, nothing has shaped the American landscape quite like the car.

Tell us how important cars are to you. Do you name your cars? Do you love to drive?  Is your car part of your identity?

Or, could you go a day, a week, or even a month without one?

Be a part of our Public Insight Network of everyday people with a story to tell:

https://www.publicinsightnetwork.org/form/changing-gears/dc28ee052529/how-important-is-it-to-own-a-car 

Auto/Economy
5:58 pm
Wed February 1, 2012

General Motors ready for gas price spike but doesn't really expect one

General Motors reported U.S. car sales in January were down 6% from the same month a year ago.

But GM's head of U.S. Sales, Don Johnson, says comparing the two months is tough.  That's because the Detroit automaker boosted sales significantly last January with incentives. 

Johnson says the good news is GM increased its market share in the U.S. last month, compared to December.  GM had about a 19% market share last month.

Johnson says it's not possible to predict gasoline prices, but for most of 2012, he thinks they'll stay under $4.00 a gallon.

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Changing Gears
11:25 am
Thu January 26, 2012

Buy Here-Pay Here: Get a ride, don’t be taken for one

Matt Ghazal runs a Buy Here-Pay Here business in West Michigan. He's trying to change the sector's reputation.
Kate Davidson Changing Gears

 

In the Midwest, it’s hard to get around without a car.

These days, people are holding onto them longer. The average vehicle is almost 11 years old and used cars prices are on the rise.

All this adds to the pressure on the bottom rung of consumers: people with bad credit.

For many, the only way to finance a car is at a Buy Here-Pay Here lot.  Here, dealers loan to deep subprime customers at interest rates up to 25%. Buy Here-Pay Here makes up more than 15% of used vehicle financing in states like Illinois, Indiana and Ohio. 

That financing goes to people like Willie.  That’s her nickname.

We’re driving around Toledo in her ’99 Chevy Express.  It’s got 130,000 miles on it.

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Auto/Economy
6:53 pm
Tue January 3, 2012

Global auto sales to outpace economy; luxury segment to outpace non-luxury

The auto industry will grow at a faster pace than the economy as a whole in 2012. 

A new report by R.L. Polk says that faster pace will be largely driven by demand for cars in China.

Last year, the Chinese government ended subsidies for fuel-efficient cars, and as a result, car sales in that country declined from the breakneck pace of 2010.   

But Anthony Pratt of Polk says the Chinese middle class is still growing, as people move by the millions from the countryside into urban areas.   

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Auto/Economy
1:36 pm
Wed November 30, 2011

Time for a little bubbly? Analysts say car sales get a Black Friday boost

Analysts say car sales are climbing.
Lester Graham Michigan Radio

It could be time to crack open a modestly-priced bottle of champagne.

Analysts say, like the recent good news about retail purchases, November auto sales "may have run at the fastest pace in more than two years."

From Bloomberg News:

Light-vehicle deliveries in November, to be released Thursday, may have run at a 13.4 million seasonally adjusted annual rate, the average of 14 analysts surveyed by Bloomberg. That would top the 12.3 million pace of a year earlier and October's 13.3 million rate, which was the best month since sales were helped by "cash for clunkers" in August 2009...

"November was a good retail environment for consumers overall," Erich Merkle, Ford's sales analyst, said . Consumers have been "sitting on the sidelines for quite some time. Black Friday provided that reason to get out there."

The head of Toyota's U.S. sales unit said there's a lot of pent up demand among consumers, "it's starting to push industry sales regardless of whether the economy is flat or going up."

Cadillac Escalade most targeted by thieves
12:00 am
Thu August 25, 2011

And the most stolen vehicle is...(tear envelope)... "the Cadillac Escalade"

The Cadillac Escalade is the number one target of thieves, according to an annual study by the Highway Loss Data Institute.

The Escalade has been in the top ten for many years in a row.

Matt Moore of the Institute says his theory is, thieves like to take vehicles that are associated with high status and glamour.

"There’s probably no other vehicle which is more likely to be featured or seen when you’re watching television and see coverage of a professional athlete or actor or movie star," says Moore.

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No incentives war in 2011
5:55 pm
Fri August 19, 2011

Will the U.S. see an incentives war among car companies?

Leading auto consulting firms are lowering their forecasts for U.S. auto sales in 2011. 

But it is unlikely to send automakers into a panic.

Some observers say the lower volume of sales means the U.S. is ripe for an incentives war among car companies.  

But Anthony Pratt with the auto consulting group R. L. Polk doesn’t see it happening.   He says a lot of the triggers that set off incentives wars in the past are missing. 

For one thing, U.S. car companies are making money at the lower volume of sales. 

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Auto/Economy
11:58 am
Tue April 26, 2011

Electric cars score big in safety tests

A Chevy Volt being crash tested. The big batteries in the car make them safter according to the Insurance Institute for Highway Safety.
Insurance Institute for Highway Safety

The Insurance Institute for Highway Safety gives the Chevy Volt and the Nissan Leaf top ratings for safety in crash tests.  The results could ease any lingering concerns people might have about the safety of electric cars.

Russ Rader, a spokesman for the Insurance Institute for Highway Safety, says the results show that customers don't have to trade safety for environmentally friendly electric cars.  And the heavy batteries in the cars actually make them safer.

"We can have environmentally friendly, green vehicles and not give up the safety advances that we've made in the bargain… Even though they are small cars in their dimensions, they are considerably heavier than other small cars weighing as much as some midsize or even large cars.  And that is a safety advantage."

Car companies say the huge batteries inside electric cars shut down in the event of a crash to greatly reduce the risk of an electrical fire.

Both the Leaf and the Volt cost more than most similar sized small cars. But Rader says as the price of gas goes up, and the cost of producing the cars goes down, electric cars will become more economical.

Auto/Economy
10:57 am
Tue April 19, 2011

General Motors hiking car and truck prices

Prices of new cars will be going up.
Emilio Labrador Flickr

Higher commodity prices are translating into higher prices for cars and trucks.

GM announced their prices will go up - joining Ford and Toyota.

From the Associated Press:

General Motors says it will raise car and truck prices by an average of $123 per vehicle to make up for its increased oil and metal costs.

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Auto/Economy
10:49 am
Mon February 28, 2011

Snowstorms didn't dampen February car sales

It's not unusual for a big snowstorm to hurt business at new car dealerships.

But it appears that February car sales in the U.S. improved over the same month a year ago, even though much of the country experienced more than one big snowstorm.                           

Car sales could be up 19% as a fair number of people trudged through snow-covered lots to buy a car.  That could be a sign that the pent-up demand that built up over the recession is now being released at a steady pace. 

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Auto/Economy
5:12 pm
Tue February 1, 2011

January car sales strong...but storm threatens February sales.

David Erickson Flickr

Most car companies had a better January than the same month last year, led by Chrysler and GM, which improved their sales 23%.

Ford sales improved 13%.  The company had a stronger January a year ago than Chrysler and GM, which were both struggling to rebuild inventories, so Ford's percentage improvement is not as great.

Ford also terminated its Mercury brand in December, and officials say the company is deliberately reducing sales to fleets like rental car companies.  A high volume of fleet sales can lower the residual value of a company's vehicles.

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Auto/Economy
10:36 pm
Sun January 30, 2011

Deals help auto sales in January

Analysts say U.S. car sales were at least 15% better in January than the same month last year.  Part of the reason is the deals.

Credit is more available than it was last year, and many car makers are offering low to 0% financing on last year’s models, as they try to clear room for the new models on the way. 

George Augustaitis is an analyst with IHS Automotive.  He says those new cars could keep the momentum going as the year progresses.

Ford is introducing the new Focus, Hyundai will launch the new Elantra , and Honda has a new Civic on the way.

"This is really going to drive buyers back," says Augustaitis.  "And a lot of these vehicles already have a large following."

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