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Posts Tagged ‘Auto Industry News’

Car Sales Soar as Deals Pick Up

August 13th, 2014

July 2014 Auto Sales

The worldwide auto industry is on an upward trend, with new car sales picking up dramatically in 2014 in the U.S., the U.K. and elsewhere thanks in large part to better-than-ever financing incentives offered by automakers. Industry tracking service LMC Automotive has just recently upped their sales projection for the U.S. in 2014 to 16.3 million units, which would be far and away the largest total since before the worldwide auto industry crash of 2008.

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Auto Sales Surging, And Here’s Why

May 2nd, 2014

US Auto Sales Up in April 2014

U.S. auto sales continued to gain ground in April, delivering a total of 1.39 million cars and trucks and up 8% year-over-year as consumers responded to pent-up demand that had built up in a particularly wet and snowy winter for much of the nation. And the prosperity was widespread, as 6 of the top 7 automakers gained ground in April, with the annualized selling pace falling just short of industry analyst expectations at 16.04 million units.

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Ford Escort Coming Back?

April 2nd, 2014

All-New 2015 Ford Escort Spied

Ford will move to bring back its classic Escort nameplate with the introduction of an all-new model set to hit the Chinese and possibly other world markets for the 2015 model year. Spied here cold weather testing in Scandanavia, the new Escort is sized roughly like the current Ford Focus, but will be a lower-cost model designed to be attainable for a greater number of buyers in China and other emerging car markets.

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Obama Announces Second Cash for Clunkers Program

April 1st, 2014

Barack Obama Restarts Cash For Clunkers

In a move that surprised lawmakers concerned about excessive government spending, Barack Obama and the United States Federal Reserve looked to reverse sagging auto industry momentum and spending with the re-introduction of the popular “Cash For Clunkers” program. The program will this time give up to $10,000 toward the purchase of a new vehicle for those who choose to take any nearly any old polluting car off the road.

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Toyota Sells 200 Millionth Vehicle

September 10th, 2013

1983 - 1987 Toyota Corolla. Click for wallpaper.

Toyota Motor Corporation, the world’s largest automaker by sales in 2012, has reached a big milestone: 200 million cars and trucks sold worldwide. The staggering figure was reached at the end of June, with Toyota having produced around 145.21 million vehicles in Japan, and another 55.12 produced in the U.S. and in other locations around the world.

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