Groups line up for another bailout Nov 16, 2008
The group also wants Congress to approve new tax breaks for buying cars and trucks. Once the final auto bailout bill emerges, the group is ready to unleash a barrage of anxious car dealers to pressure lawmakers to back it. (Rensselaer Republican, IN)
CHAT TRANSCRIPT: Will there be a Challenger ragtop? Nov 15, 2008
If consumers suddenly begin buying cars again, or there's gov't relief, things ease a bit. It wasn't a rumor about GM/Xler. (USA Today -- Money)
Toyota delays new US plant: Report Nov 14, 2008
But fewer consumers are now buying cars of any sort, in bad news for Japanese automakers whose eco-friendly vehicles have been a worldwide hit in recent years. Toyota has been careful not to gloat about its success in the United States, hoping to avoid a protectionist backlash. (India Times)
Tulsa Dealerships Awaiting Bailout Decision Nov 14, 2008
But people with good credit are not having any problems and even the sub-prime buyer with marginal credit is still buying cars. Of all the cars Gary Bundy has owned in his lifetime, all been American, except for one. (FOX23.com, OK)
* Vehicle makers slow production amid weak sales Nov 14, 2008
But fewer consumers are now buying cars of any sort, in bad news for Japanese automakers whose eco-friendly vehicles have been a worldwide hit in recent years. Last month, Toyota said it would reopen three US factories after a three-month suspension, using them to produce exports to the Middle East and Latin America to compensate for slack US demand. (Taipei Times, Taiwan -- World Business)
Bailout Or Not, Detroit Has A Capacity Problem Nov 13, 2008
If gasoline prices stay "low" we might start thinking about buying cars and trucks again. That just might be enough to keep America rolling. (Forbes -- Business)
Clayson's 'nanny state' is nonsense Nov 12, 2008
"Any gas station has it, but now the price is down to around two bucks which means people can eat out, go to movies and pay a mortgage as well buying cars and other items. I like Sinclair but you should be able to find the Mideast brands around as well. Good luck in finding it. ". If you would like to comment on this story, please log in with the form below. (Waterloo-Cedar Falls Courier)
Rapid City mostly bucks nationwide car sales slump Nov 12, 2008
Buffeted by fuel prices and a slowing economy, shoppers are increasingly interested in cars that will save them money if they are interested in buying cars at all. "Everybody's just looking for economy, they're really big into fuel-savers," she said. (Rapid City Journal, SD)
CAL THOMAS: Don't subsidize failed U.S. auto manufacturers Nov 11, 2008
But what good does that do if people are not buying cars in sufficient numbers to allow the Big Three to make a profit. This becomes the kind of corporate welfare Democrats decry when it comes to Wall Street. (Fresno Bee -- Opinion)
Off-road Crash? Nov 10, 2008
There's a story on the best cars to buy for gas mileage, but since no one is buying cars, skip it and go to the one about mileage myths and misconceptions. We confess that we were particularly turned on leering at the photos of the fleet of Corvettes on the cover - that is, until the spread on the beautiful 1. (New York Post -- Business)
Election should ease consumers' 'uncertainty' Nov 9, 2008
"That will help customers feel confident about buying cars and take away the risk those companies will not exist," he said. DeBoer said his company has restructured to become more efficient. (OregonLive, OR -- Business)
Losses force GM to slash 3600 jobs in Canada, US Nov 8, 2008
Canada's car companies need finance to be able to export cars and components; it's not like people aren't buying cars. It's true that the demand for certain types of cars has changed suddenly, but that change didn't come from the car companies and wasn't anticipated so quickly by anyone. (CTV.ca)
GM and Ford losses, cash burn dire Nov 8, 2008
Demand for cars is collapsing around the world, as fears of a deep recessions in the United States and Europe prompt consumers to put off big-ticket purchases and a worldwide credit crunch makes it harder for those who are interested in buying cars to get loans. Shares in GM and Ford have tumbled dramatically this year, with Ford down 71 percent and GM down 83 percent, far deeper slides than the 43 percent fall of the global Dow Jones Automobiles & Parts Titans 30 index. (International Herald Tribune)
GM, Ford burn $US1b a week as crisis deepens Nov 8, 2008
Demand for cars is collapsing around the world, as fears of a deep recessions in the United States and Europe prompt consumers to put off big-ticket purchases and a worldwide credit crunch makes it harder for those who are interested in buying cars to get loans. Shares in GM and Ford have tumbled dramatically this year, with Ford down 71% and GM down 83%, far deeper slides than the 43% fall of the global Dow Jones Automobiles & Parts Titans 30 index. (Sydney Morning Herald -- Business)
Thriving sales Nov 3, 2008
Times-News: Magicvalley. to register or to login to your account. (Burley South Idaho Press, ID)
AUTOMOTIVE: Sales are down, but spirits are up Oct 31, 2008
But there was no doubt that fewer people are buying cars than were buying a year or two ago, a sales manager said. "It hurts," he told me, "and that's all I'm going to say.". (North County Times)
Nintendo cuts annual profit forecast on strong yen Oct 31, 2008
Consumers may not be buying cars, but they're still standing in line for the Wii and the popular DS handheld device. Its focus on attracting nontraditional gamers such as women and senior has been a key to its stellar growth in recent years. (San Diego Union-Tribune -- Business)
Not your everyday car salesman Oct 28, 2008
At the same time, traffic on our lot has been slower, but the people who come out have been buying cars. So, not as many numbers, but people are buying cars. (Columbus Commercial Dispatch, MS)
Gun sales thriving in uncertain times Oct 27, 2008
Americans have cut back on buying cars, furniture and clothes in a tough economy, but there's one consumer item that's still enjoying healthy sales: guns. Purchases of firearms and ammunition have risen 8 to 10 percent this year, according to state and federal data. (Huntington WSAZ-TV, WV)
Toyota logs rare drop in quarterly sales Oct 25, 2008
But the intensifying global financial crisis has put people off buying cars, particularly in the United States where the economy is ailing. In July, Toyota downgraded its global sales estimate for 2008 by 350,000 units to about 9. (Sydney Morning Herald -- Business)
Greenspan: My Faith In Banks A "Mistake" Oct 24, 2008
"The economy's so bad that nobody's buying cars," Kevin McWilliams told CBS News. "So it makes it hard on everybody.". (CBS News)
Car dealers offer deep discounts amid economic downturn Oct 24, 2008
The bottom line is we are still buying cars, and people are still buying cars from us ... Because fewer people are buying cars and are holding onto their current cars longer, they are bringing their older vehicles in for service more often, Keene added. (Columbus Commercial Dispatch, MS)
Hidden benefits Oct 23, 2008
Last week, the manager of the car dealership called her in and said that hardly anybody's buying cars these days and he had to let her go. So she's out there looking for another job, and is getting late fees because she hasn't been able to pay her tuition. (Boston Globe)
What are ATL housewives up to now? Oct 23, 2008
What I have seen is all women are showing materizlist things, partying, buying cars, homes, business taking up their time; and giving the TV viewers the impressions that they are above others who lives the same ways they do yet, they are not exploiting it on the wide screen before the general public. In these days and times, we are not really interested in other people lives; unless its positive and life learing experience where other can follow and have a life that is meaningful to the children... (Atlanta Journal-Constitution)
McCain, Obama get personal, pull no punches Oct 16, 2008
15 per gallon, people were taking trips, buying cars, buying homes. Then Americans wanted change and elected a Democratic Congress. (Atlanta Journal-Constitution -- Travel)
VDOT braces for deep cutbacks State transportation leaders lay out a "blueprint" for coping with less federal, state money for roads and rails Oct 16, 2008
Fewer people are buying cars and trucks in Virginia. And until recently, gas prices were averaging between $3. (Fredericksburg.com, VA)
European Car Sales Fall 8.2% as Crisis `Hits Hard,' Industry Group Says Oct 15, 2008
GM and BMW were hurt the most as credit markets seized up, deterring drivers from buying cars. European retail sales fell for a fourth consecutive month in September, according to the Bloomberg purchasing managers index released Sept. 29. (Bloomberg -- Germany)
Council approves emergency project Oct 15, 2008
Curious wrote on Oct 14, 2008 8:17 AM:" AGAIN!!!! Why doesn't the paper do a story on buying cars out of the city? What is the REAL story here??? ". Hunter S. Thompson wrote on Oct 14, 2008 7:58 AM:" Instead of believing what the fool below you posted on this poor excuse for a papers website, you should attend a council meeting and hear for yourself what is said and not said. What dealerships in town bid on city vehicles and why the council was looking elsewhere. Maybe a not so far out of town... (Rensselaer Republican, IN)
**Updated: O'Keefe Chevrolet closes its doors Oct 14, 2008
Bankers aren't lending, he said, so people aren't buying cars. The dealership, he said, was losing six to 10 deals a month because potential buyers couldn't get loans. (Ipswich Chronicle, MA)
Ferraris the first to go Oct 13, 2008
" The dealer, who has worked the market for 17 years, said the credit crunch had crippled the luxury sector - from property to cars and boats - and he was now catering to more people buying cars for $A150,000 rather than the $A250,000 of a year ago. Sydney's principal Ferrari and Maserati dealer Tony Graziani agreed it was now a "buyer's market" for prestige autos but said he had received no cancelled orders for his luxury Italian motors. Speaking from a showroom floor filled with gleaming cars,... (The Age, Australia -- Business)
Living through Great Depression gives perspective to nancial crisis Oct 10, 2008
Even though no one was buying cars back then, Carlson says his father was able to keep his auto business open through the economic crisis until the United States got involved in WWII, when the economy and cars sales vastly improved. Lintt agreed there are troubling signs in the economy today, but nothing on the same level as he remembers from his childhood. (Half Moon Bay Review, CA)
* Mercedes-Benz projects 18% sales drop Oct 8, 2008
Aside from high oil prices that have forced people to refrain from buying cars, other factors such as the recent US banking crisis will also affect auto sales, which he said are not in Taiwans control anymore. . (Taipei Times, Taiwan -- World)
Credit Crunch Could Hurt Local Economy Oct 6, 2008
"Nobody's buying cars. Finance companies aren't financing and people can't get loans," says auto dealer Robert Crisafi. The Rochester Automobile Dealers Association says the credit crunch is a bigger problem for the industry than $4. (R News)
State of the unions economy Oct 5, 2008
A: When credit is not readily available to consumers and businesses, it hampers everything from making payrolls to buying cars to funding for growth. Consumers must understand that this is a Main Street issue, not just a Wall Street issue. (The Clarion-Ledger)
Safety - More Than Just Seat Belts Oct 5, 2008
During the gas crisis of the 1970s, many American drivers turned away from gas-guzzling tanks that could only dream about getting 10 miles per gallon and started buying cars that used less fuel. Other drivers, however, kept buying big despite the soaring price of gasoline, citing safety concerns as their main reason. (San Francisco Chronicle)
Toyota Joins The Discount Fray Oct 4, 2008
Right now, people are thinking more about their jobs and savings than about buying cars. "Showrooms are empty; no one is even looking right now," she says. (Forbes -- Business)
Fresno County faces cuts Sep 23, 2008
Health department directors say they have no choice but to trim staff because people aren't buying cars or other goods -- reducing state tax collections that support health and mental-health programs. And the county doesn't have money to bail out those departments, said Vicki Crow, Fresno County auditor-controller. (Fresno Bee -- Local)
Credit squeeze hitting home Sep 18, 2008
Griffin said that there has been a significant shift in the way consumers are buying cars. Fewer people are buying. (Rockingham Daily Journal, NC)
Plastic bags, politics, telescopes make news on the Big Island Sep 15, 2008
By not buying cars at this time, the department will save $1 million. There has been a significant increase in the number of East Hawaii residents taking the GED test, according to the state Department of Education. (Pacific Business News, HI)
Lt. governor offers Web site for penny pinchers Sep 11, 2008
RickL wrote on Sep 11, 2008 9:43 AM:" I'm disappointed in this site. It doesn't address the real problem. Most of us don't know how to manage our money. Few of us are keeping a budget and sticking to it and almost all of us are in debt making payments to the bank instead of paying ourselves with it instead. Buying cars on payments instead of saving and buying outright and investing the difference costs the average person millions over their lifetimes. That makes a couple cents a gallon of gas... (La Crosse Tribune, WI)
GM extends its employee discount offer Sep 5, 2008
The reason theyre doing (this) quite simply is people arent buying cars, said Aaron Bragman, research analyst at the consulting firm Global Insight in Detroit. With the economy situation what it is, and with rising costs from everything from food to fuel, the amount of disposal income for car purchases has simply evaporated. (MSNBC -- Business)
Ford cuts to hit local stamping plant Sep 5, 2008
Morning Coffee wrote on Sep 5, 2008 7:51 AM:" I can smell the coffee. Ford employees had so much faith in their union, and co. and they sold them all out. Wake up people, No One is hardly buying Cars. Especially the boring Fords. ". Post a comment Once your comments are approved, they will appear here. (Northwest Indiana Times)
Chick-fil-A owner loves cars Sep 4, 2008
I say it s kind of a disease you get, buying cars that you never expect to ride in, just look at, Cathy said. George Glaze, a Jonesboro attorney, has been making the trip with Cathy to the Auburn auction for more than a decade. (Atlanta Journal-Constitution)
Your views: A roundtable of economic woe Sep 3, 2008
5 percent, the Dow hit a record high and Americans were buying cars, taking cruises and living large. So Americans wanting change in 2006 voted in a Democratic Congress and consumer confidence has plummeted. (Florida Today)
Drop in sales tax revenue hitting cities Sep 3, 2008
Cities that rely on sales tax revenue to pay for services are being forced to slash their budgets as county residents cut back on everything from big purchases such as buying cars to small items like eating out. K.C. ALFRED / Union-Tribune Cadillacs were lined up at Marvin K. Brown Cadillac, Saab, Hummer, Buick, GMC in Mission Valley. (San Diego Union-Tribune)
5 Best Cars for College Students Aug 29, 2008
JUST AS THEY DO over clothes and music, parents and teens often clash when it comes to buying cars. While affordability, reliability and safety are often top priorities for parents, teens tend to focus on more esoteric concerns, like "will this make me look cool?". (SmartMoney)
Toyota lowers 2009 global sales target Aug 28, 2008
Web search enhanced by. Thursday August 28, 2008. (The Star Online, Malaysia -- Business)
Sweet little lies Aug 26, 2008
A staggering nine percent owned up to buying cars and apartments without telling their other while six percent bought gifts for the mistresses. When it came to how much was spent on these purchases, 63 percent of the purchases were for less than R500, 19 percent spent between R500 and R1000, 10 percent between R1000 and R3000, five percent between R3000 and R7000 and one percent between R7000 and R10000. (iAfrica.com)
On Your Mind Aug 25, 2008
Americans were buying cars, homes, and living large. But once the Democratic Congress came in 2006, yes, we did get a change all right. (Sierra Vista Herald, AZ)
Why your newspaper, and local Web site, are struggling Aug 23, 2008
They aren't buying cars and they're buying only necessities at local stores. Real estate companies are selling foreclosed homes at bargain prices and employers, like us, are laying off workers. (Lodi News Sentinel, CA)
Does A Virtual Car Company Work? Aug 20, 2008
Some analysts say that buying cars from another automaker is smart--globalism exemplified ... I see no reason why it cannot rebound again, but it will not happen by buying cars from Japan or China or anywhere else. (Forbes -- Business)
Treasury Prices Decline on Inflation Worries Aug 14, 2008
The Commerce Department reported that sales at U.S. retailers fell in July the first monthly decline since February as Americans held off on buying cars and other high-price items. 1. (ABC News -- Wire)
* Ghostly searches top list on Yahoo-Kimo Web site Aug 10, 2008
The sites statistics for between July 28 and Aug. 3 showed that the most common key words were Ghost Month, ghost taboos, giving birth during Ghost Month, hotel packages during Ghost Month, history of Ghost Month, religious ceremonies during Ghost Month, moving house during Ghost Month, buying cars during Ghost Month and songs banned during Ghost Month, in that order. Ghost Month-related items on the knowledge + page of the search engine have risen to... (Taipei Times, Taiwan -- World)
Sirius Satellite Radio cut losses before merger Aug 8, 2008
Sirius said it added 280,000 new subscribers during the quarter, with the strongest growth coming from consumers signing up after buying cars or trucks with Sirius radios as an option. Sirius ended the quarter with 8. (Atlanta Business Chronicle, GA)
City to Offer Incentives To Attract Manufacturer Aug 6, 2008
"We also have to look at the big picture. We were told there would be 134 jobs - these are new people to the city and county - shopping at stores, eating at our restaurants buying cars. There is definitely a trickle-down effect that will benefit our community.". Graves noted that he met with representatives of local taxing entities. (Missourian Publishing, MO)
MPs sceptical over car tax rise Aug 4, 2008
"This is quite an urgent issue - emissions from cars are increasing, people are buying cars all the time," Mr Yeo told BBC One's Breakfast. "We don't want them to stop driving, but we want to them choose the greenest car. "They need the biggest possible incentive, that's why the government should be even bolder - really penal rates for high-emission cars and really attractive 'carrots' so that tax is almost nothing on the greenest models. (BBC News)
Slow auto sales ding loan business Jul 31, 2008
Auto-loan business at banks and credit unions is shrinking as consumers react to the increase in fuel costs and slowing economy by not buying cars, buying cheaper cars, or not making payments on the cars they have ... Credit-union officials said consumers who are buying cars are opting for smaller, more fuel-efficient vehicles, which also tend to cost less upfront than more-expensive SUVs. (Twin Cities Business Journal, MN)
Consumers close wallets, survey shows Jul 30, 2008
"The bad news is New York's one point gain pales in comparison to the nation's five point increase. Optimism rebounded slightly, but growing numbers of consumers are reluctant to translate hope into buying cars, trucks or homes. The percentage of New Yorkers intending to purchase major items today is down between 10 percent and 40 percent from last year with cars down forty. ". The SRI survey included random telephone calls to 1160 New York state residents over the age of 18. (Buffalo Business First, NY)
Slower auto sales ding banks and credit unions Jul 29, 2008
Auto-loan business at banks and credit unions is shrinking as consumers react to the increase in fuel costs and slowing economy by not buying cars, buying cheaper cars, or not making payments on the cars they have. While the stress on auto loans is not as critical as the mortgage crisis, the pain is starting to show up in second-quarter earnings releases by large publicly held banks and advertising campaigns by credit unions. (Twin Cities Business Journal, MN)
China accelerates global demand for fuel Jul 28, 2008
Beginning in 2000, Chinasimplified procedures for buying cars. It encouraged local governments to build more parking areas. (MSNBC -- International)
LETTER TO THE EDITOR Jul 25, 2008
Lime60178 wrote on Jul 24, 2008 4:51 AM:" And remember, the reason that the people in RED China are buying cars is that we sent them all of our industry and made them wealthy enough to give up their bicycles. India has the telemarketing jobs and RED China has the industry. I believe that it is only a matter of time before we contract our other industries to sub-Saharan Africa. ". FoolMeTwiceConservative wrote on Jul 23, 2008 11:08 PM:" tell them we need to drill, and to drill, and to drill". (DeKalb Daily Chronicle, IL)
Missing: Everything but the kitchen sink Jul 25, 2008
"They were buying cars and homes and living at a very high level," Mulligan said. "It's not a sustainable way to move a company forward when you can't purchase equipment because you've spent the money on your lifestyle.". (Florida Times-Union)
Used SUVs still have market overseas Jul 21, 2008
"There are a lot of Middle East shippers in the Little Rock market buying cars full-size SUVs... Sequoias, Land Rovers, Yukons, Tahoes, Hummers," he said. Adesa Inc. auction in North Little Rock operates at least 60 separate auctions in the United States, according to the company's Web site. (Pine Bluff Commercial, AR)
Raid on meat plant haunts town, sparks debate Jul 21, 2008
One manager also ran a scam in which illegal workers were coerced into buying cars from him, the warrant said. Some female employees also have alleged they were sexually coerced by managers, according to St. Bridget s Sister Mary McCauley. (La Crosse Tribune, WI)
Low sales lead call centres to shed staff Jul 21, 2008
"Instead of relying on people who are buying cars, we try to attract those who already have cars, by offering cheaper premiums.". Doug Hardie, the executive general manager for client services at Nedbank, said its call volumes had decreased by 10 percent year on year because there were fewer calls relating to sales and general queries on products. (Business Report, South Africa)
