News by Brand
Home>Topics>>Sales Headed for a 'Cliff'? (11/30/12)

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

Get Adobe Flash Player to see this content.
+

Tags:

  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.

+

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.

Related Videos:

  1. FIRSTSHIFT_2015_04_01FSH.264 for 720p mp4 single pass copy

    Wed, 1 Apr 2015

    Alongside house and I'm Jessica Obama well under first kid where I'm location. In New York City. In the Big Apple he indeed Tuesday quite busy here in town. Billionaire investor in auto dealer Warren Buffett discussing his future acquisitions strategy more on that it just a moment. But we'll begin with products. A number of Brian's unveiling their latest model last night ahead of the 2015 New York International Auto Show. Can't let bonds that you're kinda nice it. Helping to reveal the new CT six large sedan and the rear wheel drive car with an all wheel drive option features a wide stance and long hood. Inside packed with technologies such as a night vision system. Cadillac is touting the CT six as they driver's car. Cadillac executives say it represents a turning point for the brand which has been any US sales line. This got a leg is we are going to come up with a lot of things and this is one of many want to follow. That product off the product off the product. It's going go on this new technologies. To each about caused that problem is that. When we have rolled down and I portfolio over the next six. This is going to be faithful notable false. I think he's going. Because these toughest competitive setup but I think it's. That he tees that it's a rise in showrooms early next year. Jaguar rolling out the red carpet for celebrities. Including bad bed star Christina Hendricks to help preview the 2016. Accepts it and it features a aluminum intensive technology. And boasts increased interior room in a host of high tech safety and entertainment. No word on pricing. Porsche kicking off that when he fifteen convertible seats in what the world premiere of the new boxer spider. It'll reach sixty miles per hour in four point three seconds. The new boxer spider hits US showrooms in October. We go to sign on bread using a dazzling light displays. Dancers and use it to unveil two new name plates the IA and I. We'll begin with the IA it science first ever since they had it comes standard with the low speed collision avoidance system. It'll be priced at about 161000 dollars. Meantime the I ever had spent features Ellie do you have labs in the air bags in the back up camera. It is a sticker price of less than twenty grant. Science US sales were off 15%. Last year in a market up six. It dealers have been asking for new product to help boost sales. Here's Siad boss Doug Werth. Think the dealers have been very patient with us but I think they've also known that these products in the pipeline and coming in. They're as excited as we are to get him on the lots and start getting coming customers' hands as we think both of them have very good volume potential. Both vehicles arrive in dealerships this September. Right now. Acquisition to image of myself and Jeff Flock there. And that's where we'll start him on this now from there that's a pretty good team. Rules are very. Very then tiled receiving quite an endorsement from his new boss billionaire investor Warren Buffett. Buffett's Berkshire Hathaway closed and its purchase of the and Kyle group in March renaming it Berkshire Hathaway on automotive. And the dealership group is looking to buy more stores but it's dial. We're likely to make a number of acquisitions because. We always do what we say in millions and as we shake hands we've got to deal and they take months to work through the break from all of we've always about the money. We don't we negotiate. Ever you know the last and some people who. Manufacturers are likely to approve a so. So. We will make more deals. Berkshire Hathaway on motor chairman Larry Gentile discussing what he's looking or in future acquisitions. We like volume and I was certainly. Clam primarily to be the should they be entirely in the us and hand. We will. Take you to hear that good people only. And more interested in buying real estate in the dealership and of course we have. You know acquire manufacturer approval one and anything that makes sense shouldn't worry ariston tock. Berkshire is the fourth largest dealership group in the states and based on 2014 new light vehicle sales. Meantime Buffett was asked if he ever thought about owning anti abortion be forced speaking with anti ill. I subscribe Automotive News when I was in my keys. I've brought about a million times but this was the right time the right person right company and I might end right right. I think your reading mr. Buffett's. This is just a taste of what's to come press preview day number one is officially under way. And later today on auto news now. Reveals from Lexus Chevrolet. Lincoln plus march US sales figures of course you can see with the auto news.com all day long. To keep tabs on those sales results. As they roll into the news. Have a great day everybody take care.

  2. Continental's Rich History (3/30/15)

    Mon, 30 Mar 2015

    Lincoln revives name; Volvo U.S. factory; Toyota pre-crash system; Barra, Musk among 'World's Greatest Leaders.'

  3. Mercedes Planning a Pickup (3/27/15)

    Fri, 27 Mar 2015

    Truck would launch by decade's end; Tesla win, loss; Aston Martin sues Henrik Fisker; Ford car obeys speed limit.

  4. A More Efficient Toyota? (3/26/15)

    Thu, 26 Mar 2015

    Company reveals goal to slash costs, teases hybrid RAV4; UAW 'pattern' problem; better hybrid tech; teen dangers.

Advertising