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Hyundai Can't Keep Up With U.S. Demand

A Hyundai representative reported Friday that the automaker won’t be able to keep up with consumer demand in the U.S. for some of its most popular vehicles. That means over the next few months, consumers likely won’t see incentives that are quite as good as they’ve been recently. Despite posting record U.S. sales last month, Hyundai’s U.S. CEO John Krafcik said that Hyundai likely won’t be able to grow U.S. sales ... continue reading»

Tags: News, Sales Trends, Hyundai, new car incentives

Auto Sales Climb, But Automakers Continue to Advertise Strong Incentives

Automakers are selling a lot more cars than they have in years. That is certainly encouraging news because it shows that the economy is improving, unemployment rates are dropping and more consumers are qualifying for the credit they need to buy a new car. But do higher sales mean car shoppers will see fewer new car incentives in the coming months? Bloomberg says that automakers sold more new cars than they have since 2009, with a seasonally adjusted annualized rate ... continue reading»

Tags: News, new car incentives

2011 Auto Sales Could Reach Highest Total Since 2008

Automotive sales have slumped over the past few years, but analysts at TrueCar and Edmunds predict that by the end of 2011, new car sales could reach 12.8 million units, the highest total since 2008. “This year new car sales are up year over year for every major automaker except Honda and Toyota with Hyundai/Kia sales expected to rise the most at almost 28 percent,” said Kristen Andersson, automotive analyst at TrueCar.com. The natural disasters in Japan ... continue reading»

Tags: News, Sales Data, Sales Trends, new car incentives

Chrysler Launches No Payments for 90 Days Incentive

Chrysler Group introduced a new incentive program Wednesday to help it sell more vehicles. The automaker, whose brands include Dodge, Jeep, Chrysler and Ram, is letting buyers postpone their monthly car payments for the first 90 days. The incentive, which expires Sept. 16, is good on all 2011 and 2012 Chrysler Group vehicles, excluding FIAT. Chrysler’s no payments for 90 days deal is in addition to zero-percent financing up to 60 months on most Chrysler, Jeep, Dodge and Ram ... continue reading»

Tags: News, Chrysler, Dodge, Jeep, FIAT, car deals, new car incentives, Ram

July Car Shoppers Spend More to Give Automakers Increased Sales, Better Deals to Come

Despite inventory shortages and decreased incentive spending the past few months, most automakers experienced a sales increase in July. Compared with the same month a year ago, GM, Ford, Chrysler Group, Hyundai, Kia and Nissan all were up. Kia, Hyundai and Audi even had their best July sales ever in the U.S. Honda and Toyota have yet to fully recover from lower inventory levels, and saw their U.S. July sales drop 25.6 and 19.7 percent compared ... continue reading»

Tags: Analysis, new car incentives, July 2011 U S car sales

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