Nissan entering commercial van market

Looks like Nissan is entering the commercial van market and it’s with a van built in the USA. Ford has owned this segment for the past 40 years and I’m sure they’ll do whatever they can to hold onto market share. Also, Fiat has plans to enter this market with one or two products coming over from Europe so look for this segment to start having real competition.

From the Detroit Free Press:

Nissan will challenge General Motors’ and Ford’s stranglehold on the market for full-size vans when it unveils its big NV today.

The large van is the first from a foreign brand to go after a small but profitable business segment U.S. automakers have had to themselves. Nissan will build the van in its under-utilized Canton, Miss., assembly plant. The van shares its basic engineering with the Titan pickup Nissan builds in Canton.

“The commercial van segment has been relatively ignored” by domestic automakers, simply because there’s not enough competition to force them to improve their vehicles, said Joe Castelli, Nissan vice president for commercial vehicles and fleet sales.

Read the full article here.

  

GM to be more youth oriented?

Is this the future design of the fabled Corvette? Word has it GM wants a more “youth oriented” appeal with a smaller design for the next gen C-7. Whichever direction or market that they are targeting that is one smooth looking ride!

From AutoGuide.com:

General Motors sees rough waters ahead for the Corvette unless changes are made to the vehicle now. So in an effort to solve any potential issues before they actually become problems, Chevy has decided to look outside America for help.

So what would sort of problems could the incredibly capable American icon have? Well, according to a report in AutoWeek, GM saw a 48 percent sales decline for the Corvette over the last year, while the bigger issue might be that the average age of Corvette buyers continues to rise. Last year, the average age was 54. Chevy believes that in order to combat this issue and make the Vette more attractive to a younger demographic it needs a design change. After all, the car’s performance certainly can’t be in question.

Read the full article here.


Photo from fOTOGLIF

  

Cash for Clunkers a great success

Remember the “Cash for Clunkers” program last year? I know that everyone who is familiar with the program has their own take on whether it was a good idea. According to a new analysis by Maritz Research, an automotive market research company the program was better than even it’s supporters imagined!

From CNN.com:

NEW YORK (CNNMoney.com) — The government’s Cash for Clunkers program resulted in a far bigger boost to car sales than was previously estimated, even by the government, according to a new analysis by Maritz Research, an automotive market research company.

Maritz estimates that a total of 765,000 new vehicles were sold because of the program. Those cars wouldn’t have rolled off dealer lots without the offer, they say.

That’s more than double the Department of Transportation’s estimate of 346,000 sales that wouldn’t otherwise have been made.

Maritz’ estimate of additional new car sales resulting from the program is actually even larger than the total number of vehicles sold under Cash for Clunkers.

Read the full article here.


Photo from fOTOGLIF

  

Revised Chrysler 2011 Models Hitting Production This Year?

Looks like some leaks have made their way regarding the future product line up for Chrysler/Fiat. If the 200C resembles the photo above then we as consumers are in for a real treat.(that is one beautiful car) Fiat seems to planning an all out assault in just about every segment of the market. Their main opponent is time but Marchionne seems up to the challenge!

From AutoGuide.com:

The folks at AllPar seem to have gotten hold of a list of production dates for all Chrysler products this year, including everything from a revised Chrysler 300 to the Fiat 500. The AllPar team is also claiming to have some pretty big news on future Chrysler engines, including the elimination of the HEMI 6.1-liter V8 (in favor of a 6.4) and new versions of the Pentastar V6. Plus, the 200C (pictured above) has also reportedly been approved for production – but with a gasoline engine.

The first model set to hit production is the Viper, followed by the Ram Chassis Cab models and then the 2011 Grand Cherokee in May. In November, production for a significantly revised Avenger and renamed Sebring will begin, as well as new Dodge/Chrysler minivans and full-sized models (Charger, Challenger, 300) followed in December by the North American production of the Fiat 500.

Read the full article here.

  

Hundreds of GM dealers could get their stores back

Something just didn’t feel right about the way GM and Chrysler planned to shut down their dealers and now we might be witnessing a huge reversal. Stay tuned!

From the Detroit Free Press:

General Motors said today that it is sending letters to 661 dealers that lost their franchises through a dealership consolidation program, which will give them an opportunity to apply for reinstatement.

To qualify, the dealers would need to meet a number of financial requirements, such as having adequate capital to operate and available financing.

“This has been a very, very tough time as the company has emerged from bankruptcy,” said Mark Reuss, GM’s North America president. “It is emotional and it is part of the rebirth as we start the company from a clean slate.”

Read the full article here.


Photo from fOTOGLIF

  

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