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Posts Tagged ‘Auto Industry News’

Are Big Sales Incentives on New Cars Going Away?

September 16th, 2014

Will discounts on new cars last?

This year in auto sales, the average discount on a new car purchase has reached $2,702, or around 8.4% of the average transaction price. Couple that with record levels of available 0% financing and you have what seems like the most advantageous buyer’s market in years. But not so fast, say industry analysts, as automakers won’t likely be able to keep incentives and available credit at their current levels for long.

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Tesla Gigafactory Going to Nevada

September 16th, 2014

Tesla Motors Upcoming Reno Nevada Gigafactory

After a drawn-out selection process that brought lobbying from several of the Western United States, Tesla Motors has chosen a Nevada site outside of Reno for its upcoming Gigafactory, a massive, renewable energy-powered electric car battery plant set to open in 2016 that will eventually have capacity to produce 50 GWh (gigawatt-hours) annually, or battery packs for 500,000 cars.

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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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