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Sales Headed for a 'Cliff'? (11/30/12)

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  1. auto show0:58
  2. Jeff Gordon0:26
  3. tax credits2:02
  4. Las Vegas0:33
  5. Tesla Motors1:48
  6. Wells Fargo2:54
  7. lithium ion batteries1:38
  8. Economic indicators2:43
  9. New polling4:10

Fri, 30 Nov 2012|

Will political fight put the brakes on sales?; SS a halo hope for Chevrolet; Fusion takes green honors; Chrysler museum's fate.

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Automatically Generated Transcript (may not be 100% accurate)

Hello I'm -- -- with pink Friday addition of first shift. It's the end of the month and that means in November's sales preview -- -- -- his report after today's headlines. -- think a little bit little a closer look at what the Chevrolet SS really does. NASCAR driver Jeff Gordon on hand and as -- marked its return. To their rear wheel drive -- business Thursday in Las Vegas. That when he fourteen production at as goes on sale in the third or fourth quarter of next year. Excluding police cars checking hasn't sold a rare tracks again in the US in nearly two decades. North America president mark Roy says he expects the car to build excitement around the brand and meantime at the LA auto show introducing. It. -- showing off a mid cycle changes to this Saturday. That car I get expensive interior and exterior upgrade. The -- few things named green car of the year at the show. -- car. Can plug in hybrid for changed. -- says production of its karma plug in is on hold. This as the company awaits a sale of the -- 23 systems plant in Michigan and may car's lithium ion batteries. He went to three's at that -- -- to be sold at auction next week as story is from Bloomberg. Tesla Motors is raising the base praise of the all electric model I asked by 2500 dollars. The new price. 59900. That's before that -- 500 dollar federal tax credits. And though Walter. CNN suburban Detroit will close to the public years and this follows years of financial challenges. In museum is on the crimson headquarters campus. Automaker plans to bind the museums and that's first several million dollars this site will be -- in his first special exhibitions. November US auto sales are out Monday. Are adjusting Snyder -- underlying strength and two wild cards. Jennifer November selling rate could be as good as September's maybe the best since early 2008. Economic indicators are looking better pent up demand is strong most forecasters are upbeat. Toyota sees -- selling rate of fourteen point eight to fifteen point two million the same for Wells Fargo. True car fifteen point two Barclays fifteen point three. You see that's spread in the forecast. Well we have two wild cards one is positive but the other is. Congress and the -- Let's start with hurricane sandy. The big storm that hit the East Coast up maybe a quarter million off -- October sales very well know most buyers who couldn't get to dealerships in October Woodson returned. But replacement autos. Are people whose cars washed away already in the showrooms now most of them don't have the settlement checks yet those are December sales. But there's also losses at dealerships. And imports call it a 100000 units. Maybe dealers and auto makers don't have insurance checks yet either but the salt so vehicles are complete write offs. Those are November sales that's the upside. Then there's congress and it's self imposed booby trap. Without a deal by year -- taxes will skyrocket in federal spending will plunge perhaps triggering a new recession. Now most grownups want stand flat footed in front of runaway Mack truck. -- this is congress. New polling shows two thirds of us expect congressman to act like spoiled children in negotiations. Yeah me too. Bottom line. Americans don't think politicians and avoid a fiscal meltdown. So despite the improving economy and pent up demand. Congress could make selling cars a bit tougher. Jennifer. Thanks Jesse. Finally Subaru adding a milestone sale to its November results. This week the company sold its six million vehicle in the U last after more than four decades of cells that model. 813. -- to be -- track sold as Subaru of Georgetown. In Georgetown taxes. And thanks so much for watching first -- joint town war back and other news now later on have a great weekend.

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