November 1, 2012
thecarconnection.com
The fury of Superstorm Sandy--wreaking havoc on New York, leaving disaster in its path in swaths of the Northeastern U.S., and spreading foul weather as far as the upper Midwest--left many Americans shaken, and holding onto loved ones this week.
Estimates on the financial impact and the aftermath simply aren't yet in. In the far term, insurance claims will be processed and cars will need to be replaced; but in the near term, car sales have been put on hold in some places, and it'll be a while before some East Coast dealer-ships are back open for business.
Yet on a market-wide basis, sales were up 7 to 8 percent compared to last October, with Kelley Blue Book estimating that we're on track to hit a 14.3 to 14.4 million seasonally adjusted annual rate (SAAR)--a bit lower than the 14.7-million rate that had been forecast by some.
Meanwhile, others pointed to uncertainty surrounding the U.S. Presidential race as another potential factor. And KBB pointed to California gas prices, which hovered at near-record highs at the be-ginning of the month; they've dropped about 30 cents a gallon since.
Considering the time that consumers in many parts of the country definitely didn't spend shopping for cars in recent days, October was a very strong sales month.
Pricing experts at TrueCar reported that the average transaction price of a new car rose $336 in October, to $30,486, while incentives are at their lowest levels in more than a year--another good sign for a continued industry rebound.
Subaru sales set full-year record with two months still to go...
Subaru sold more vehicles in the U.S. through Oct. 30 than it has in any full year. Previous 12-month record, already beaten: 266,989 vehicles in 2011. The car company say its strong U.S. sales have been driven by the new Impreza, rated 36 mpg on the highway, and the new-to-the-lineup XV Crosstrek small SUV. Subaru snagged a lot of attention for its BRZ sports car.
For October, Subaru sales were up 30.1%.
thecarconnection.com
The fury of Superstorm Sandy--wreaking havoc on New York, leaving disaster in its path in swaths of the Northeastern U.S., and spreading foul weather as far as the upper Midwest--left many Americans shaken, and holding onto loved ones this week.
Estimates on the financial impact and the aftermath simply aren't yet in. In the far term, insurance claims will be processed and cars will need to be replaced; but in the near term, car sales have been put on hold in some places, and it'll be a while before some East Coast dealer-ships are back open for business.
Yet on a market-wide basis, sales were up 7 to 8 percent compared to last October, with Kelley Blue Book estimating that we're on track to hit a 14.3 to 14.4 million seasonally adjusted annual rate (SAAR)--a bit lower than the 14.7-million rate that had been forecast by some.
Meanwhile, others pointed to uncertainty surrounding the U.S. Presidential race as another potential factor. And KBB pointed to California gas prices, which hovered at near-record highs at the be-ginning of the month; they've dropped about 30 cents a gallon since.
Considering the time that consumers in many parts of the country definitely didn't spend shopping for cars in recent days, October was a very strong sales month.
Pricing experts at TrueCar reported that the average transaction price of a new car rose $336 in October, to $30,486, while incentives are at their lowest levels in more than a year--another good sign for a continued industry rebound.
Subaru sales set full-year record with two months still to go...
Subaru sold more vehicles in the U.S. through Oct. 30 than it has in any full year. Previous 12-month record, already beaten: 266,989 vehicles in 2011. The car company say its strong U.S. sales have been driven by the new Impreza, rated 36 mpg on the highway, and the new-to-the-lineup XV Crosstrek small SUV. Subaru snagged a lot of attention for its BRZ sports car.
For October, Subaru sales were up 30.1%.
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