Archive for March, 2014

The U.S. new auto sales results for February are in, and spring can’t get here soon enough for automakers. After the final number of 1,191,037 new vehicles sold was announced, the “Big 8” cringed at missing their projected total of 1.2 million units sold by over 800,000 vehicles. With spring upon us, and the temperatures rising, dealerships around the country are anxious to sell some cars and trucks.

The brutal winter weather has not only affected automakers, but employment, retail and manufacturing numbers as well. Federal Reserve Chair, Janet Yellen, testified before the Senate Banking Committee on February 27, 2014 and blamed “unseasonably cold weather” as the cause of the poor results. Unfortunately, March is nearly over the snow is just now clearing across most of the northern states, so numbers may not see a jump until April.

Nissan and Chrysler managed to finish with double-digit, year-over-year growth. Chrysler was able to do it in part because of Jeep, whose consumers were prompted by the harsh weather to buy 4X4s. Nissan also was able to continue their growth which may at least be partially due to Nissan’s strong customer base in the Southern and coastal regions, where the weather has been temperate.

Date: March 25th, 2014

It wasn’t a Happy St. Patrick’s Day for GM, who announced today that they were recalling 1,500,000 vehicles. CEO Mary Barra reported that the company was negligent in preventing faulty ignition switches linked to 12 deaths, which led to last month’s recall of 1.6 million cars. “Something went wrong with our process in this instance, and terrible things happened,” she told GM employees in a video message that was posted online.

That makes over 3.1 million vehicles recalled by General Motors in the last two months for not only the faulty ignition issue but also airbag wiring harnesses and brake parts affecting several models. GM also said on Monday it would take a $300 million charge in the first quarter to cover the costs related to all of their current recalls.

Don’t hassle with the General Motor’s recalls and head over to TrueDealerCost.com for other low, new car pricing from local dealers.

Date: March 17th, 2014

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