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January 4, 2012 By Leave a Comment

Americans Bought Nearly 39 Million Used Vehicles in 2011

We Buy Cars StreetBuyers.com

by Paul A. Eisenstein | The Detroit Bureau Americans bought nearly 39 million used vehicles in 2011, more than three times the number of new cars, trucks and crossovers sold last year. But with demand threatening to outstrip supply – especially for “nearly new” vehicles – buyers saw prices rise sharply, a trend likely to continue through 2012, according to CNW Marketing. “We saw a lot of people whose existing cars were just tired so, after two years of pent-up demand, that finally led to a surge of used car sales last year, and especially in November and December,” said CNW chief Art Spinella. Used vehicle sales totaled 38,792.169 for all of 2011, according to CNW research, up 5.2% from the prior year. December volume surged 11.98%, to 3,142,513. The year, as a whole saw a surge in private party, or consumer-to-consumer, sales, especially in the final months … [Read more...]

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November 5, 2010 By

ADESA Acquires Six Used Vehicle Auctions from Premier Auction Group

Adesa Logo

Carmel, IN—ADESA today announced that it has acquired six used vehicle auctions from The Premier Auction Group (PAG). The locations include: Bay Auto Auction in Bay City, Mich.; Dealers Auto Auction of Michigan in Clare, Mich.; East Tennessee Auto Auction in Fall Branch, Tenn.; Montpelier Auto Auction in Montpelier, Ohio; Premier’s Las Vegas Auction in North Las Vegas; and Wisconsin Auto Auction in Lomira, Wisc. This acquisition of PAG’s auctions strategically complements ADESA’s dealer consignment initiative and strengthens the company’s footprint in Michigan, Tennessee, Ohio and Wisconsin. It also provides ADESA with the addition of a specialty sale less than two miles from the construction of the company’s new greenfield auction, ADESA Las Vegas. “The acquisition of The Premier Auction Group demonstrates our commitment to increasing our dealer consignment business and … [Read more...]

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November 4, 2010 By

NISSAN NORTH AMERICA SALES RISE 16.1% IN OCTOBER

2011 Nissan Maxima

Nissan sales up 15.2 percent over last year; Altima, Rogue lead gains Infiniti up 22.9 percent; Infiniti M up 119.2 percent, QX up 88.7 percent Nissan North America, Inc. (NNA) today reported October U.S. sales of 69,773 units versus 60,115 units a year earlier, an increase of 16.1 percent. Nissan Division sales were up 15.2 percent for the month, and sales of Infiniti vehicles rose 22.9 percent over a year before. For the calendar year to date, NNA sales are up 16.1 percent. NISSAN HIGHLIGHTS * Nissan vehicles posted sales of 61,843 units in October compared with 53,664 units sold in October the previous year, an increase of 15.2 percent. * Deliveries of Nissan Altima models totaled 18,978, marking the second-best October in its history and a 28.5 percent increase over the prior year. * Nissan Rogue set a new October record with 8,862 deliveries, up 48.7 … [Read more...]

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November 4, 2010 By

Daimler AG Reports a 3 Percent Increase for Mercedes-Benz and smart Vehicles in the U.S. for October 2010

2011 MercedesBenz SLS AMG Gullwing

* Mercedes-Benz USA Records October Sales of 19,076 Vehicles – an Improvement of 4.9 Percent over October 2009 and a 20.1 % Increase on a Year-to-Date Basis * smart USA Records 367 Sales in October 2010 Daimler AG (stock exchange abbreviation DAI) today reported U.S. sales of 19,443 Mercedes-Benz and smart vehicles, an improvement of 3.1 Percent compared to October 2009. All sales figures in this release are on an unadjusted basis unless otherwise noted. Mercedes-Benz USA (MBUSA) today reported October sales of 19,076 vehicles, an increase of 4.9% for the month and up 20.1% on a year-to-date basis. 18,351 passenger cars, light truck vehicles and 725 Sprinter vans are included in this total. Impressive gains continued in both the Mercedes-Benz passenger car and light-truck categories. The strongest performer for the month was the 9th generation E-Class with … [Read more...]

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November 4, 2010 By

BMW Group U.S. Reports October 2010 Sales

2011 BMW 6 Series

Woodcliff Lake, NJ – November 2, 2010...The BMW Group in the U.S. (BMW and MINI combined) reported October sales of 23,222 vehicles, an increase of 12.6 percent from the 20,619 vehicles sold in October 2009. Year-to-date, the BMW Group also reported a sales volume of 215,274 vehicles, up 7.7 percent from the 199,838 units sold through October 2009. “The new product effect clearly showed in October with our 5 Series sales momentum increasing, especially with the introduction of all-wheel-drive for regions where it is highly desired,” said Jim O’Donnell, President and CEO of BMW of North America, LLC. “Furthermore, we are seeing some positive response from the overall market but with little job growth and only slight increases in consumer spending, our dealers have to fight for every sale, something they did very well this month.” BMW Brand Sales Sales of BMW brand … [Read more...]

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November 3, 2010 By

American Honda Reports October Sales Increase of 19.8 Percent

2011 Honda CR-Z

11/03/2010 All-new Honda Odyssey up 52.2 percent American Honda Motor Co., Inc., posted October sales of 98,811 vehicles, an increase of 19.8 percent based on the daily selling rate*, the company announced today. American Honda year-to-date sales reached 1,011,247, an increase of 5.1 percent versus last year based on the daily selling rate. Honda Division posted October sales of 87,800, an increase of 20.2 percent versus last year. The Accord was the top-selling Honda model for the month with sales of 24,344, up 8.8 percent, followed by the CR-V with sales of 18,040, up 19.4 percent, and the Civic with sales of 17,121, up 11.9 percent. The availability of the all-new 2011 Odyssey, in its first full month on the market, contributed to that model’s increase of 52.2 percent for a total of 9,955. Overall, Honda Division light-truck sales increased 37.8 percent to 41,463. "The … [Read more...]

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November 2, 2010 By

Mercedes-Benz Classic: London to Brighton Veteran Car Run 2010

1902 Mercedes Simplex

The first weekend of November hosts a firm fixture in the international classic car calendar: the London to Brighton Veteran Car Run in England. At the 2010 event, held on 7 November, Mercedes-Benz Classic will be entering two vehicles – a 1902 Mercedes-Simplex racing car and a 1904 Mercedes-Simplex touring car. The 2010 event will take place just a couple of months before celebrations get underway to mark the 125th anniversary of the birth of the automobile in January 2011. Not long after Carl Benz invented the first automobile in 1886, automotive design took the decisive step from what was essentially a motorised carriage to something resembling the modern vehicle – of which the Mercedes-Simplex cars are two outstanding examples. The London to Brighton Veteran Car Run is held exclusively for vehicles built before 1904. The oldest car to enter this year’s event dates from 1894. … [Read more...]

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