The U.S. auto market is back to a level playing field now that Toyota and Honda have almost overcome the inventory issues that hurt their sales. Meanwhile, buyers turned out during September, pushing sales up to recent highs and signaling that economic concerns might not dent sales in the coming months.
Many shoppers are those who need a car, as in their previous ride has worn out. And they are finding that used car prices are not friendly so they are taking the plunge into brand new cars and trucks.
Luxury auto makers have seen strong sales in recent months as buyers choose the high-tech gadgets and more customer friendly shopping experience that the dealers and manufacturers have invested in.
GM has seen strong sales rebound. But it's stock is sliding, down 40% since it's IPO last year and the U.S. government, which has 500 million shares, is holding off selling for a while.
The investment might be a bit distracting but drivers aren't paying much attention. Nor are they heeding their own advice.
Perhaps it will get better when cars will be able to read our minds, which may be coming sooner than you would think.
Finally, we go to the police blotter with two stories about thievery, one a clever key switcheroo and the other a Facebook snafu.
Programming note: We thought the iPhone news was not worthy of a mention and check out this book excerpt of Bill Vlasic's "Once Upon a Car: The Fall and Resurrection of America’s Big Three Automakers — G.M., Ford and Chrysler.” We'll talk about it next week.
Standard Podcasts: Play Now | Play in Popup | Download | Embeddable Player | Hits (0)
Many shoppers are those who need a car, as in their previous ride has worn out. And they are finding that used car prices are not friendly so they are taking the plunge into brand new cars and trucks.
 |
| Mind reading cars coming? |
GM has seen strong sales rebound. But it's stock is sliding, down 40% since it's IPO last year and the U.S. government, which has 500 million shares, is holding off selling for a while.
The investment might be a bit distracting but drivers aren't paying much attention. Nor are they heeding their own advice.
Perhaps it will get better when cars will be able to read our minds, which may be coming sooner than you would think.
Finally, we go to the police blotter with two stories about thievery, one a clever key switcheroo and the other a Facebook snafu.
Programming note: We thought the iPhone news was not worthy of a mention and check out this book excerpt of Bill Vlasic's "Once Upon a Car: The Fall and Resurrection of America’s Big Three Automakers — G.M., Ford and Chrysler.” We'll talk about it next week.
Listen Now: (IF ERROR - HIT REFRESH)
Standard Podcasts: Play Now | Play in Popup | Download | Embeddable Player | Hits (0)
No comments:
Post a Comment