Archive for December, 2008
I’m looking for a place that has data for annual car sales broken down by manufacturer going back till the 1970s.
I asked earlier what people thought about you, now this is your chance to return the favor. Car sales people only need to reply please.
The fuel prices and even the car in India are going high but still it has not stopped common man owning a car. They still walk into a car showroom and drive home his set of dream wheels. During the during financial year 2007-08, most car companies made good sales in India than earlier and one of the one big reason for this is the onslaught of new models hitting Indian roads.
Every car brands provide several options with attractive offers to their customers that they that the customers have flock to car showrooms and the numbers tell the story. Maruti Suzuki sales chart saw a strong growth of 12 percent. While small cars segments continued to dominate the company’s sales with a 13.4% growth, its brand new Maruti SX4 sedan helped it break the domination of Honda City in the mid-size sedan category.
General Motors (GM) also faced a good sales growth and the credit goes to the new model Chevrolet Spark coupled with some customer incentives and attractive offers. Fait follows next
which saw a revival in sales after the distribution tie-up with Tata Motors. The company sold t 3379 units sold over the year and is yet to go a long way to go to make its presence stronger and the newly launched diesel Palio with the 1.3 liter Multijet engine and the upcoming Linea and Grande Punto may take up the credit for their sales figure.
Another attraction during the year was an entry level sedan- Mahindra Renault Logan. Tata motors saw a decline in its sales because it didn’t have any thing new to offer to their customers. But their new portfolio includes the new Indica and the much-awaited Nano. The export sales have taken over the domestic sales. Maruti Suzuki and Hyundai to make India their export hub have been vindicated by the fact that the rate of export growth outpaced that of domestic sales.
Tata Motors, the overseas sales also saw a positive growth of three percent with its trucks and passenger cars. Hyundai remains the largest car exporter with the annual export of 1,44,442 vehicles, which contributes about 40 per cent of the total sales of Hyundai Motors India, which is considered the small car export hub of the Korean carmaker.
During the year 2007-08, Maruti Suzuki which exported 53,024 units and was reported to be the highest ever figure in the company’s history. Exports grew by 34.9 per cent during the year. Maruti’s export strategy is to replicate its success in India. Maruti Suzuki also tied up with the Adani Group for a mega car terminal at Mundra Port which will start its operations by this year end.
Though the total export figure is just a little more than 12,000 for SUV maker Mahindra, it translates into a 54 per cent increase in its overseas sales. The Scorpio forms three-fourths of the company’s total exports.
I have been offered a job with a recognized funeral home to be a salesman. The car business has treated me very well but is DEAD now due to the way things are and I would like to get into something where people have to buy the product. I made 62k my first year in car sales. Not half that this year. What you think?
Leaping into production in 1958, the Donald Healey Sprite was a low cost sports car which used existing BMC parts to ensure over heads of the cars productions remained low. The Austin Healey Sprite would prove to be a big success.
The commonly named “Austin Frogeye”, the Mark I Sprite, was a massive success in its three years of production, with no other car competing on price or performance. As its widely used nick name suggests, the distinctive look of the Mark I Sprite owed itself to the round headlamps on the bonnet of the car, nicked named “frog-eye” headlamps. Cheap and easy to maintain, the wings and bonnet was a one piece unit which opened up to allow easy and large access to the engine. The Mark I used the 948cc Austin A-Series engine which was tuneable and capable of 43bhp, the A35 gearbox and axels, and the twin SU carburettors. Equipped with leaf spring suspension to the front, and wishbone suspension to the rear, the Mark I got it suspension from earlier models such as the A35 and Moris Minor.
The Mark II saw some cosmetic changes including the famous headlamps being moved on to the wings, a change of rear bumper, and the introduction of front disc brakes. The Mark II was also equipped with a new larger engine from the Morris Minor 1000 and Morris Minor 1100, increasing the engine size to 1098cc.
A less performance geared Mark III Sprite was more fined with lockable doors, wind up windows, and quarter lights. With the rebadging of the Sprite by BMC to the Midget, the Sprite Mark III was also sold as the MG Midget Mark II.
The Mark IV had two main difference, with an increased capacity to 1275cc and a convertible roof instead of the removable roofs from the earlier variations.
The production of this classic car ended in 1971. Today many of this classic cars are known as “Spridgets” with the classic car enthusiasts community due to the Austin Healey Sprite and the MG Midgets sharing the same design and parts. This makes finding parts relatively easy due to the parts being interchangeable.
According to Edmunds.com, the premier online resource for automotive information, June’s new vehicle sales including fleet sales are expected to reach 1.55 million units.
The month of June this year had 27 selling days, one more than last year. Sales dropped 0.5 percent from June 2006 when adjusted for this one-day difference.
Jesse Toprak, the Executive Director of Industry Analysis for Edmunds.com, said that one must remember that last June was one of the best sales months of the year for some automakers, and was particularly disappointing for others. He said this would help to understand the year-over-year comparisons of sales for each automaker for the month of June. Automakers seem to have achieved June sales at more typical and sustainable levels rather than the dramatic highs and lows of June 2006.
Certain market segments appeared flourishing in June while industry sales may be relatively flat. Traffic patterns on the Edmunds.com Web site suggest that the crossover segment is poised for a huge growth in the next several weeks. Research of crossover vehicles increased 67 percent year over year, reflecting a flow in the number of consumers who are likely to buy crossover vehicles within the next six weeks.
Meanwhile, Michelle Krebs, Senior Editor of Edmunds’ AutoObserver.com commented that the crossover is such a smart idea because it is the station wagon, the minivan, and the SUV of this decade. She added that activity within the segment also indicates how lots of new products can induce interest.
Edmunds.com Analyst Leah Lesch stated that research of large trucks increased 21 percent compared to June 2006, despite flying gas prices, which can likely be attributed to the segment’s new products and increased incentives spending. On the other hand, she said that research of midsize and large SUVs was down 22 percent and 13 percent, respectively, implying a drop in consumer demand and potentially inactive sales in the coming weeks. She further said that automakers might boost incentives in those segments to attract buyers.
Chrysler, Ford and General Motors domestic nameplates’ combined monthly U.S. market share is estimated to be 53.6 percent in June 2007, a 57.4 percent drop from June 2006 and up from 52.8 percent in May 2007.
Edmunds.com foresees that Chrysler will reach sales of 205,000 units in June 2007, marking a 10 percent increase compared to June 2006. Such sales figure would result in a new car market share of 13.2 percent for Chrysler in June 2007, which is a 12.4 percent increase from June 2006 and a 12.8 percent increase from May 2007.
Edmunds.com estimates that Ford will sell 244,000 vehicles in June 2007, marking a 7.6 percent drop compared to June 2006. Such sales figure would result in a market share of 15.8 percent of new car sales in June 2007 for Ford, which is a 17.7 percent decrease from June 2006 and a 16.1 percent decrease from May 2007.
Edmunds.com predicts GMC Yukon parts manufacturer General Motors will reach sales of 381,000 units in June 2007, a 6.7 percent decrease compared to June 2006. As to new vehicle sales in June 2007, GM’s market share is expected to fall at 24.6 percent, down from 27.3 percent in June 2006 and up from 23.9 percent in May 2007.
I am considering a career change and looking towards new or used car sales. Wanted to get some feedback, positive or negative, of the car salesman career. I have worked in the Auto industry for some time and just believe my background information in the industry would be a huge advantage in selling vehicles.
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With the rise in bankruptcies, repossessions, and general bad credit in the United States it has given birth to a whole new segment of the car business that is designed specifically to prey upon these types of people. That’s right I said prey upon. If you see slogans like “Credit Doctor” or “We Finance Anyone” run away! Well, at least be careful. Dealerships have learned over time that people who know they have credit problems will not argue or haggle as much as someone who does not have credit problems.
This is why every major automotive dealership now has a bad credit department. They have developed special sales techniques and they have fulltime “credit doctors” to work with people who have or even think they have bad credit. They advertise in the newspaper and on the radio that the credit doctor will help you fix your credit. You’ve heard the ads, “Good Credit, Bad Credit, No Credit, if you have a job and $99 down we can get you financed!”
The industry has now evolved to the point where they actually have establishments that exist solely to cater to the bad credit customer. They promote themselves as if they are doing the public some big favor but unfortunately this is far from the case. These dealers exist to make as much as they can off of people who are already in financial trouble.
The way these new dealerships operate is that they have sub par vehicles that a conventional dealership will not sell and they have in house financing as well as aggressive venture capitalist financing that enables them to command huge profits and charge outrageous interest rates.
Whether or not it is a dealership with a “credit doctor” department or a stand alone full time bad credit dealership they work in the same way. They seek to get the maximum amount of profit that they possible can from you by maxing out the profit in the car, getting you to borrow from a credit card, whatever it takes to increase the profit and then on top of that they will charge whatever your state maximum credit rate is which could be 28% or more. By the time it is all said and done you may pay $15,000 for a $5,000 car!
This is the absolute worst that the automotive industry has to offer, but until legislators step in and do something about it the secondary finance business will remain in place.
I know Saturn car sales works with a fixed price and doesn’t have to haggle about that. So, I was wondering if anyone knows how much sales associates make at Saturn dealerships?