Category Archive:

Americans Open to Vehicles From China And India

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Untitled1.jpgNew Study Shows Willingness to Accept Unknown Brands
Tustin, CA (July 28, 2009) — Newly released research shows fifteen percent of new car buyers in the United States say they would consider purchasing their next vehicle from China, and eleven percent would consider buying a car from India, without knowing specific brands or vehicles. This compares with sixteen percent who said they would consider a vehicle from Korea, which has been marketing vehicles in the U. S. since the 1980s.
“As Hyundai and Kia have been on the American scene for decades now, it’s surprising that consideration for Chinese and Indian brands, sight unseen, would be about as strong as it is for the Korean brands,” said George Peterson, president of automotive research firm AutoPacific and author of the study. “However, with so many premium and high-tech non-automotive products already being made in China and purchased by Americans, why not automobiles too? It appears that buyers in America are willing to give Chinese and Indian vehicles a chance right out of the box. Understanding these consumers will be critically important to the success of any newcomer.”


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Americans Keeping Their Cars Longer

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Untitled1.jpgThose Intending to Keep Car More than Four Years Up Over 12 Percent
TUSTIN, Calif. (July 14, 2009) — An annual survey of new vehicle buyers shows a significant increase in the number of people planning to hold onto their cars and trucks. In 2005, just over 46 percent of new car acquirers indicated they would not be shopping for a new vehicle for four years or more; in the just completed survey that number has risen to about 59 percent — an increase of almost 13 percent. At the same time, the number of people intending to replace their vehicle within the next 2 years has fallen.


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Ford Benefits from GM/Chrysler Bankruptcies

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AutoPacific Survey Results Image.jpg
The Detroit Big Three soon will consist of the New General Motors, New Chrysler and Old Ford, or better… the New Old Ford. Ford has benefited from a major restructuring begun with the arrival of Alan Mulally in 2006. Like most other automakers today, their sales are way down and they are hemorrhaging cash at an alarming rate. But they seem to have a plan. They have a viable short term product plan, have aggressively rightsized their organization and have not taken federal bailout money and have not undergone bankruptcy, It’s a wonder that all sounds like good news.
A VehicleVoice Internet survey of over 900 respondents in the field from June 3 through June 8 asked several questions concerning Ford’s position in the market while General Motors and Chrysler are in bankruptcy…


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Chrysler BK May Signal New Era for US Manufacturers

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Fiat500-interior.jpgImagine this: You own a business. One day, you receive a telephone call from the owner of a competitor of yours. After many discussions, you’re essentially offered the opportunity to create a new company overseas; one that will then purchase the assets of the competitor at a highly reduced (but court approved) price, including parts, trained staff, union agreements, and, if you like, part or all of a fully established dealer network. And, your deal will have solid backing from a variety of sources, including the government. If you own Fiat, then that is essentially what you’re doing right now with Chrysler Corporation.


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No Auto Down Payment? Consider a Lease Takeover…

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lease-takeover.jpgIf you’re one of the many people who would like to get into a new or newer automobile, but you’re concerned about shelling out the down payment, consider a lease acquisition. In the current economic climate, the opportunity to get a top quality vehicle for little or no cash out of pocket is rising. And, while many automobile manufacturers also offer “no down” car sales or leases, there is a big difference in commitment to consider. Many leases offered for takeover have less than two years remaining, giving you an opportunity to drive your way through the current recession, without committing yourself to 36, 48, or 60 months on a loan or lease.

Posted in: Car Buying, The Car Biz

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Job #1 at Ford: Debt Reduction

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Ford-dealership.jpgIn the midst of ongoing media attention aimed at the auto industry in general and the Detroit “Big Three” specifically, some positive and important news emerged this week as Ford announced it had reduced its debt load by just under $10 billion dollars. The Detroit automaker said it was spending $2.4 billion in cash, in addition to 468 million shares to improve its balance sheet and distance it from federal aid.
The news is seen as important, because buyers are reluctant to step off the sidelines, even with incentives and greatly reduced pricing. A just-completed AutoPacific online survey showed that buyers are disappointed by automakers taking bailout funds and that Ford tops their choice options in U.S. vehicles, in part due to its ability to avoid an Uncle Sam handout. The same survey respondents indicated they were unlikely to purchase vehicles from either GM or Chrysler.


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Survey Shows Public Very Aware Of Auto Industry Troubles And Not Inclined To Buy

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AutoPacific Research Indicates Balance of Year May Continue to be Difficult for Car Companies
TUSTIN, Calif. (April 3, 2009) — A national Internet survey conducted between March 31 and April 1 reveals that the American public is extremely aware of the current challenges facing the American automobile industry and the Obama administration’s actions to confront them. Only three percent in the survey said they were not aware of the billions of dollars in government loan guarantees made to General Motors and Chrysler, 94 percent knew that both companies had been required to submit viability plans in hopes of receiving additional government aid, and 89 percent were aware that the White House had declared neither plan represented “a credible path to viability.” The survey findings were the result of over 700 responses.


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White House Ousts GM's Wagoner – Questions Viability

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President Barack Obama delivered an address to the nation this morning at 11AM where he summarized the results of review of General Motors and Chrysler by The Presidential Task Force on the Auto Industry. The conclusion of the report was that neither of the plans presented to the Task Force by GM and Chrysler are viable.
Wagoner Gone – Replaced by Henderson: Immediately, General Motors’ Chairman Rick Wagoner was let go to be replaced by Fritz Henderson – a very capable and experienced senior executive. Clearly, the Task Force determined that the GM plan did not go far enough. GM now has another sixty days to rework the plan and come back with a viable approach. If they do not, the government can move the Corp into bankruptcy to get its house in order.
Our question is “What will GM’s brand and vehicle line profile look like on June 1?”
Chrysler and Fiat Agree to the Framework of a Tie-Up: Minutes after Obama’s speech, Chrysler announced the it had reached developed a framework for a tie-up with Fiat with the blessing of the Treasury Department. Fiat receives a third share of Chrysler for technology sharing allowing Chrysler to launch competitive new products based on Fiat powertrains and platforms. This is needed to keep Chrysler competitive. Chrysler CEO Bob Nardelli keeps his job because he has been at the helm for a relatively short time (since August 2007) compared with Wagoner’s eight years at the helm.
Government to Guarantee Warranties (Warrantees): Obama stated that beginning today the warranties offered by GM and Chrysler are stronger than they have ever been because they would be guaranteed by the government. Also, adopting a spelling not seen for decades, the government refers to these plans as “warrantees”. This support by the government is to create confidence in purchasing a new General Motors or Chrysler vehicle today.
Other Actions – Tax Credits, Scrappage Plans, Etc: Obama also mentioned the sales tax credit for purchasing a new vehicle that has been approved by Congress. Pending are plans for incentives to scrap older, gross polluters.
Further Question: Ford: Ford Motor Company has not taken part in government loan guarantees having planned financially for tough years back in 2006. While Ford is struggling like GM and Chrysler it does not seem to be hurt as much in the market as they are. Market share is not down as much.
How will Ford be impacted by the statements of the President, The Presidential Task Force on the Auto Industry, and the restructuring forced on GM and Chrysler by the government? Will Ford thrive or continue to struggle?
Another Question: Financial Company CEOs: Rick Wagoner fell on the sword for General Motors performance during his tenure but you can argue that the performance of the financial community has been much worse and much more damaging to the economy. Where can we see the heads of the banks, investment banks, and insurance company CEOs rolling down Main Street?


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You Can Depend on Detroit – AutoPacific Response to Editorial

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The March 23 Los Angeles Times editorial ‘You can depend on Detroit” hits the mark; today’s auto industry is a tremendously competitive place. Consumers can now choose cars and trucks from domestic (Detroit) automakers that match the quality and reliability of vehicles from Japanese or European makers. So why won’t Americans buy American cars?
Buyers have long memories. In the late ’70s through the early ’90s American manufacturers dropped the ball in product quality, reliability and customer service. While those problems have largely been corrected, the stark reality is that many people were burned during those years and they will forever be biased against the Detroit Big Three. Parents have influenced their children. Friends have influenced neighbors. Worrisome for the domestic makers, many Americans today have never, never owned an American car. They have no point of reference or familiarity with today’s domestic offerings.
During the auto industry bailout testimony by the Detroit Big Three, Senator after Congressman castigated the DB3 management for selling vehicles Americans did not want to buy. Based on AutoPacific research, it is the government officials who are out of touch with today’s reality, not the U.S. automakers. In fact, in AutoPacific’s most recent research with owners of new cars and trucks, and echoed by other automotive researchers, both General Motors and Ford Motor Company products won more than their fair share of awards for satisfying their customers and developing vehicles ideal for their target customers.
Lexus builds outstanding vehicles supported by a great dealership experience. But its position atop durability studies is not unassailable. Today, American consumers have terrific choices – foreign AND domestic.


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The Suv mania

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There are every year new models of cars and work vehicles but the trend in the last 2 years seem to suggest that more and more people choose to buy a Suv car. The question is: “Why do people buy Suv cars despite the financial crisis which involves families and industries?”

Before to find an answer, let’s see what a Suv car is. Suv is the short form for Sportive utility vehicle and it indicates a kind of vehicles that are all very big, higher and tougher than normal cars. Such cars have therefore a stronger resistance in case of accident. If a normal car would get thrown out the road, a Suv car would in most cases be safe. This has also a counterpart: the other car would immediately get destroyed by the accelerated power of the Suv during the impact.

Reasons to buy a Suv car

For many people a larger vehicle would be a good compromise with the pricing. More passenger seats, most Suv’s have 5 seats but others can also have a 3rd row seats up to 7 passengers.

Suv’s are also very popular for the cargo capacity. Those people who have need to carry many items and baggage on the car would find a Suv very helpful.

Anyways, another reason why people want to buy a Suv is because this kind of vehicle can go around better in case of snow, having bigger wheels.

For other people, having a Suv car means to drive a safer vehicle. As said, this is true only in part because if you drive a Suv and cause a car accident, the other cars would easily get destroyed and their drivers would die. So it’s like to drive a gun. If you have to first aid anyone, check http://en.unimed.org/ to know more on how to help injured persons.

Posted in: The Car Biz

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