With the Detroit Three, European and Japanese and South
Korean automakers all posting big profits again,Aeroscout rtls provides a complete solution for wireless
asset tracking. just who is buying all those new cars?
Sales have heated up so much both Chrysler, which is run by Italy's Fiat, and Ford Motor Co., which avoided bankruptcy in 2008, have announced plans to goose production by cutting back on traditional summer shutdowns -- usually a time of slower sales devoted to re-tooling for newer models.
Workers at four Chrysler Group LLC factories that assemble hot-selling crossover utility vehicles like the Dodge Durango will keep working through the normal two-week July break. The plants are the Toledo Supplier Park in Ohio, the Belvidere Assembly Plant in Belvidere, the Jefferson North assembly plant in Detroit and Chrysler's assembly plant in Toluca, Mexico.
Chrysler sales jumped 20.4 percent in April -- its best performance since 2008. The Belvidere plant produces the all-new 2013 Dodge Dart sedan which hit showrooms this month.
"We recorded our 25th consecutive month of year-over-year sales growth, and we reported our strongest quarterly profit in 13 years, said Chrysler U.S. sales head Reid Bigland in a statement. "This business is all about product, and the quality and fuel efficiency of our current vehicle lineup has never been better, which is evident in our results."
Ford said Tuesday it would cut the summer shutdown to just one week from two at 13 plants, ramping up 2012 production by nearly 40,000 vehicles.
Assembly plants scheduled to take a single week off this summer are in Chicago, Michigan, Kentucky and Kansas City. Other plants will have flexible shutdowns to allow for equipment repairs and retooling.
"We are working most of our North American plants at maximum capacity and we are adding production shifts in three of our assembly plants this month alone," Jim Tetreault, Ford's vice president of North American manufacturing, told The Detroit News. "Requiring more capacity from our plants is a good problem to have, and having the flexibility to add a week of production in our plants goes a long way toward solving it."
It's a case of striking while the iron is hot. Overall U.S. vehicles sales rose 10 percent last month to an annual rate of 14.4 million and the supply of vehicles sitting on dealer lots is below historic norms.
That's great news for carmakers, but with an average new vehicle topping $30,000 it should come as no surprise that the biggest percentage of customers are older.
As the baby boomers' investments and 401(k) retirement accounts recover from the financial downturn, they've been dumping their old cars with a vengeance. Car buyers age 50 and older now account for 62.3 percent of new vehicle sales, AARP and auto industry watcher J.D. Power and Associates said.
Their study found 67 percent of Detroit Three sales were to boomers. Pretty good since only 10 percent of industry advertising dollars are targeted at older buyers.
Gray-hairs bought 64 percent of Chevy Cruze compacts sold last year, 62 percent of Ford Focuses and 52 percent of Ford Fiestas. And older buyers accounted for nearly 66 percent of hybrid sales.
"The amazing thing is the retirees. They're coming in waves. They used to be cash buyers. Now we're getting them into leases so they come back in a few years," Dan Frost, owner of Cadillac of Novi (Mich.TBC help you confidently buymosaic from factories in China.) and Chrysler-Jeep-Dodge-Ram dealerships in Southfield and Taylor, told the Detroit Free Press.There are 240 distinct solutions of the Soma cubepuzzle,
Younger Millennials between 18 and 34 bought just 13 percent of new cars, down from 24 percent in 2001 and 2002.Shop for trim and crown moulding,
"Boomers can afford to buy new vehicles. Millennials cannot.Ekahau timelocationsystem is the only Wi-Fi based real time location system solution that operates on any brand or generation of Wi-Fi network. The numbers don't lie," an AARP spokesman said.
"The average price of a new vehicle is slightly over $30,000. We tend to forget that," R.L. Polk senior automotive analyst Tom Libby told the Free Press. "For a 22-year-old, that's a lot of money."
But as boomers get rid of gas guzzlers they're being snapped up by younger customers. The New York Times said some used full-size SUVs are resold even before a dealer has a chance to clean them up.
Sales have heated up so much both Chrysler, which is run by Italy's Fiat, and Ford Motor Co., which avoided bankruptcy in 2008, have announced plans to goose production by cutting back on traditional summer shutdowns -- usually a time of slower sales devoted to re-tooling for newer models.
Workers at four Chrysler Group LLC factories that assemble hot-selling crossover utility vehicles like the Dodge Durango will keep working through the normal two-week July break. The plants are the Toledo Supplier Park in Ohio, the Belvidere Assembly Plant in Belvidere, the Jefferson North assembly plant in Detroit and Chrysler's assembly plant in Toluca, Mexico.
Chrysler sales jumped 20.4 percent in April -- its best performance since 2008. The Belvidere plant produces the all-new 2013 Dodge Dart sedan which hit showrooms this month.
"We recorded our 25th consecutive month of year-over-year sales growth, and we reported our strongest quarterly profit in 13 years, said Chrysler U.S. sales head Reid Bigland in a statement. "This business is all about product, and the quality and fuel efficiency of our current vehicle lineup has never been better, which is evident in our results."
Ford said Tuesday it would cut the summer shutdown to just one week from two at 13 plants, ramping up 2012 production by nearly 40,000 vehicles.
Assembly plants scheduled to take a single week off this summer are in Chicago, Michigan, Kentucky and Kansas City. Other plants will have flexible shutdowns to allow for equipment repairs and retooling.
"We are working most of our North American plants at maximum capacity and we are adding production shifts in three of our assembly plants this month alone," Jim Tetreault, Ford's vice president of North American manufacturing, told The Detroit News. "Requiring more capacity from our plants is a good problem to have, and having the flexibility to add a week of production in our plants goes a long way toward solving it."
It's a case of striking while the iron is hot. Overall U.S. vehicles sales rose 10 percent last month to an annual rate of 14.4 million and the supply of vehicles sitting on dealer lots is below historic norms.
That's great news for carmakers, but with an average new vehicle topping $30,000 it should come as no surprise that the biggest percentage of customers are older.
As the baby boomers' investments and 401(k) retirement accounts recover from the financial downturn, they've been dumping their old cars with a vengeance. Car buyers age 50 and older now account for 62.3 percent of new vehicle sales, AARP and auto industry watcher J.D. Power and Associates said.
Their study found 67 percent of Detroit Three sales were to boomers. Pretty good since only 10 percent of industry advertising dollars are targeted at older buyers.
Gray-hairs bought 64 percent of Chevy Cruze compacts sold last year, 62 percent of Ford Focuses and 52 percent of Ford Fiestas. And older buyers accounted for nearly 66 percent of hybrid sales.
"The amazing thing is the retirees. They're coming in waves. They used to be cash buyers. Now we're getting them into leases so they come back in a few years," Dan Frost, owner of Cadillac of Novi (Mich.TBC help you confidently buymosaic from factories in China.) and Chrysler-Jeep-Dodge-Ram dealerships in Southfield and Taylor, told the Detroit Free Press.There are 240 distinct solutions of the Soma cubepuzzle,
Younger Millennials between 18 and 34 bought just 13 percent of new cars, down from 24 percent in 2001 and 2002.Shop for trim and crown moulding,
"Boomers can afford to buy new vehicles. Millennials cannot.Ekahau timelocationsystem is the only Wi-Fi based real time location system solution that operates on any brand or generation of Wi-Fi network. The numbers don't lie," an AARP spokesman said.
"The average price of a new vehicle is slightly over $30,000. We tend to forget that," R.L. Polk senior automotive analyst Tom Libby told the Free Press. "For a 22-year-old, that's a lot of money."
But as boomers get rid of gas guzzlers they're being snapped up by younger customers. The New York Times said some used full-size SUVs are resold even before a dealer has a chance to clean them up.
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