Posts by Tag: Car Sales»

Automotive

Lamborghini Posts Record Sales, Could hit 10,000 Units This Year

Lamborghini Posts Record Sales, Could hit 10,000 Units This Year

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Luxury sports car manufacturer Lamborghini has been thriving with a record-breaking performance in sales during the first half of the year. In the period from January to June 2023, the  Full Article »

Automotive

General Motors Net Income Rises by 52%, Has New Focus to Cut Operating Costs Further

General Motors Net Income Rises by 52%, Has New Focus to Cut Operating Costs Further

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On Tuesday, General Motors (GM) announced a positive change in its full-year profit forecast, largely due to its strategic plans to reduce investments in new products and implement cost-cutting measures.  Full Article »

Automotive

Ford Mustang Mach-E Inventory Piling Up on Dealer Lots Reveals EVs Outpacing Demand

Ford Mustang Mach-E Inventory Piling Up on Dealer Lots Reveals EVs Outpacing Demand

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Ford’s electric vehicle (EV) ambitions are surpassing the current demand, as indicated by the company’s sales numbers, EV supply, and dealer sentiment. Ford seems to be facing a challenge of  Full Article »

Automotive

Mercedes-Benz Sales Increase in Q2 from Top-End & Electric Vehicle Growth

Mercedes-Benz Sales Increase in Q2 from Top-End & Electric Vehicle Growth

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Mercedes-Benz reported today a considerable increase in second quarter sales rising 6% year-on-year with a total of 515,700 vehicles sold. The increase in sales is a result of the high  Full Article »

Automotive

General Motors Increases Sales Lead over Toyota

General Motors Increases Sales Lead over Toyota

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General Motors continues to extend its lead over Toyota in the US automotive market, driven by improved supply conditions and a strengthening market. General Motors (GM) has reaffirmed its position  Full Article »

Automotive

New Vehicle Sales in US Rise from Strong Demand & Better Supply

New Vehicle Sales in US Rise from Strong Demand & Better Supply

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In the second quarter, new vehicle sales in the United States experienced a notable increase for leading global automakers. This rise can be attributed to the combination of improving supply  Full Article »

Automotive

Tesla Expected to Report Record Quarterly Vehicle Deliveries

Tesla Expected to Report Record Quarterly Vehicle Deliveries

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Tesla is expected to announce its highest-ever quarterly vehicle deliveries, driven by increased discounts and incentives to counter economic uncertainty and growing competition. Analysts anticipate Tesla to report global deliveries  Full Article »

Automotive

Auto Loan Delinquency Rate Exceeds Recession-era Highs

Auto Loan Delinquency Rate Exceeds Recession-era Highs

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According to a recent Credit Industry Insight Report (CIIR) by TransUnion, the delinquency rate for auto loans in the United States has surpassed levels last seen during the Great Recession.  Full Article »

Automotive

Direct-To-Consumer Car Sales For Most Brands Blocked by DeSantis Signing of House Bill 637

Direct-To-Consumer Car Sales For Most Brands Blocked by DeSantis Signing of House Bill 637

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The recently passed House Bill 637 in Florida, signed into law by Governor Ron DeSantis, has generated attention due to its impact on direct-to-consumer car sales. The law aims to  Full Article »

Automotive

Report: Auto Sales in U.S. are Expected to Rise in May as Inventories Improve
May 25, 2023 Ξ Comments Off on Report: Auto Sales in U.S. are Expected to Rise in May as Inventories Improve

Report: Auto Sales in U.S. are Expected to Rise in May as Inventories Improve

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According to a recent report from industry consultants, new vehicle sales in the United States are anticipated to experience an increase in May. This growth can be attributed to strong  Full Article »

Automotive

Will New Car Prices Fall Soon?
May 17, 2023 Ξ Comments Off on Will New Car Prices Fall Soon?

Will New Car Prices Fall Soon?

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The past few years have seen a steady increase in new car prices, leaving many car shoppers wondering when prices will finally drop. However, recent data suggests that there might  Full Article »

Automotive

Two-Thirds of US Dealerships Have No EVs In Stock
May 16, 2023 Ξ Comments Off on Two-Thirds of US Dealerships Have No EVs In Stock

Two-Thirds of US Dealerships Have No EVs In Stock

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Finding an electric vehicle (EV) for a test drive and purchase can be a challenging task unless you have a clear idea of what you want and are prepared to  Full Article »

Automotive

California Dealers Likely to Have Lost $910 Million in 2022 Profits Due to Tesla and Other EV Makers
May 12, 2023 Ξ Comments Off on California Dealers Likely to Have Lost $910 Million in 2022 Profits Due to Tesla and Other EV Makers

California Dealers Likely to Have Lost $910 Million in 2022 Profits Due to Tesla and Other EV Makers

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The declining market share of franchised dealers in states like Washington and Colorado, which allow direct sales and follow California’s climate standards, is cutting into their potential profits. Tesla’s sales  Full Article »

Automotive

Rivian Q1 Revenue Estimates Better Than Expected for High-Priced EV Sales
May 9, 2023 Ξ Comments Off on Rivian Q1 Revenue Estimates Better Than Expected for High-Priced EV Sales

Rivian Q1 Revenue Estimates Better Than Expected for High-Priced EV Sales

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Rivian Automotive Inc (RIVN.O) exceeded analysts’ expectations for quarterly revenue by selling more high-end electric vehicles in Q1, while maintaining its production forecast of 50,000 cars for the year. The  Full Article »

Automotive

Upselling Techniques to Use in Auto Sales
May 26, 2021 Ξ Comments Off on Upselling Techniques to Use in Auto Sales

Upselling Techniques to Use in Auto Sales

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When you first open up a car showroom or even work in one, it is highly likely that you are so interested in making a sale that you do not  Full Article »

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