December and 2008 Sales Figures Are In, and They're Exactly What We Expected
The year was dismal for most automakers, with sales plunging by double digits for a lot of companies. So far (not all automakers have reported 2008 sales yet), Subaru and Mini are the only automakers that sold more vehicles in 2008 than they did in 2007.
"To post increased sales for the year the industry has just experienced reflects the strength of our products, our dealers and the Subaru b[...] .. Read More. |
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Isuzu Throws In the Towel
If you were planning to buy a new Isuzu, this is your last chance. The company has announced that on January 31, it will stop selling its light-duty vehicles. Isuzu will continue to sell heavy-duty commercial vehicles, and will continue to provide service and support for all Isuzu models. All warranties and roadside assistance programs on Isuzu vehicles will be honored.
Isuz[...] .. Read More. |
GMAC No Longer Exclusive GM Lender
GMAC has lost its exclusive rights to offer low-interest loans to customers who want to purchase GM vehicles. The loss is part of GMAC’s federal bailout and decision to become a bank, reports Reuters.
GMAC also said it will have no obligation to finance leased vehicles, according to a U.S. Securities and Exchange Commission filing.
GM will now be able to offer its customers low-intere[...] .. Read More. |
Less Recalls in 2008 than 2007
The National Highway Traffic Safety Administration found that recalls for automobiles and light trucks in 2008 were down 30% from 2007. Carmakers issued recalls on 10.2 million vehicles in 2008, the lowest yearly amount since 1994, the NHTSA says.
When a problem is found with a vehicle, the automaker will launch a recall campaign bringing every car or truck that could be affected in to deale[...] .. Read More. |
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