American Muscle Still Buzzing On Top

Wednesday, June 3rd, 2009

Whether the intent is just to get a glimpse of the new American muscle made cars or to possible purchase one would not matter at this point but if you think about it, consumers still prefer to check out these American-made cars.

Topping the list was Chevrolet’s all-new 2010 Camaro, up from No. 4 in April of this year. The recently redesigned 2010 Ford Mustang came in at No. 2 on the most-searched new vehicles on AutoTrader.com in May, down from No. 1 in April of this year. Rounding out the top three was the Dodge Challenger, which was introduced last year as a 2009 model.

“The 1-2-3 finish by Chevrolet, Ford and Dodge shows that the U.S. is still in love with the American muscle car and that the U.S. manufacturers are rolling out head-turning products that generate the same kind of buzz you hear for Hondas, Toyotas, BMWs and other foreign makes,” said AutoTrader.com President and CEO Chip Perry. “More importantly, the success of the Fusion and the Escape proves that domestic automakers are able to translate the excitement of their halo models into the cars and crossovers that make up the true heart of the American automotive marketplace.”

Not to take anything away from the other car manufacturers, but as mentioned earlier, these figures don’t sum up the intent. Viewership can be based on a lot of things such as merely for glimpses or even a blog review. But then again, who knows if people are simply waiting to get their hands on them when and if the whole recession and economic gloom is lifted.

(Source) Press

Tags: american made cars, american muscle car, automotive marketplace, AutoTrader, bmws, camaro, car manufacturers, Chevrolet, dodge challenger, economic gloom, ford mustang, hondas, new vehicles

Volkswagen and BMW Feeling the Pressure with Predicted Losses

Thursday, March 12th, 2009

Falling demand and the continued economic gloom are becoming the main factors that are pulling down car manufacturers to date. Volkswagen and BMW, both known for providing classy and luxury cars in the market with a hefty tag are feeling the effects of plunging profits as both announced a first-quarter loss and German rival BMW said earnings fell after it set aside money for potential defaults by car buyers as the global recession erodes sales.

Carmakers in Europe are likely to build 25 percent fewer vehicles this year as sales fall 20 percent because of the recession, the European Automobile Manufacturers Association estimated on March 5. Volkswagen is cutting 16,500 temporary jobs and restraining production. BMW eliminated 4,000 jobs last year and will trim a further 1,000 in 2009.

(Source) Bloomberg

Tags: automobile manufacturers, BMW, car buyers, economic gloom, Europe, european automobile, global recession, volkswagen