Last post on May 02, 2013 at 5:16 PM
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Volkswagen, Toyota, Automotive News
#244 of 288 Re: cheap financing and strong second-hand values [steve_]
Aug 30, 2012 (6:35 pm)
“We think VW’s market share success is due in large part to the simple fact that its cars are cheaper to own,” said Morgan Stanley analyst Stuart Pearson.
I think once they get a dealer network that is not your typical arrogant dealership, they will dominate here. That and hiring competent technicians. Basic shade tree mechanics need not apply.
#245 of 288 new model coming to the US
by Stever@Edmunds HOST
Oct 17, 2012 (8:48 am)
"Most likely, that seven-seater will also be bigger than the Touareg, but our guess is that mpg requirements are going to force the new SUV off the platform the Touareg shares with the Porsche Cayenne. Even in their lighter second-generation form (the Audi Q7 is still on the original leaden 1.0 architecture), the Touareg and Cayenne remain heavy for their size. Instead, we expect the new vehicle to be of the large-ish crossover persuasion and share its architecture and assembly line with the U.S.-market Passat."
Volkswagen Building 7-Seat SUV for America (Inside Line)
#246 of 288 Re: new model coming to the US [steve_]
Oct 17, 2012 (9:15 am)
VW has been hinting at this for months. The consensus is that it's definitely going to be based on the US Passat and built in Chattanooga. It wouldn't be profitable to base it on the Toureg and build it overseas.
#247 of 288 Re: new model coming to the US [robr2]
by Stever@Edmunds HOST
Oct 17, 2012 (10:21 am)
Looks like they have the platform for it now, although the concept at the NY auto show was wagony. (Inside Line)
#248 of 288 Re: new model coming to the US [steve_]
Oct 17, 2012 (10:48 am)
The All Track was shown at NY - I don't know why. The 7 seat crossover is what really sells in America and that's what's expected from VW.
Jan 13, 2013 (6:38 pm)
"The Volkswagen brand had its best year since 1973, selling 438,133 vehicles, including more than 117,000 Passat cars built in Chattanooga, Tenn., and 170,424 Jettas.
Audi brand sales totaled 139,310 vehicles, a 68 percent increase since 2009. Bentley and Bugatti also reported higher sales."
VW Group posts record U.S. sales in 2012 (Detroit News)
Apr 29, 2013 (6:55 pm)
"Volkswagen joins a growing roster of foreign and United States automakers that are struggling in Europe, where car sales dropped 10 percent during the first quarter, including double-digit decreases in France, Germany and Spain.
Most automakers are banking on surging sales in the United States to offset some of these losses.
And VW’s chairman, Martin Winterkorn, cautioned that the company expected little improvement any time soon in Europe."
Even VW Now Feels the Weight of Europe’s Economic Troubles (NY Times)
What a difference a quarter makes.
#252 of 288 Re: eww in the EU [steve_]
Apr 29, 2013 (7:26 pm)
Only reason sales are good in the US is creative subprime auto loans. Average auto loan in the USA is $486 per month on 84 month loan. That is unsustainable. Look for another crash when the foreclosed cars start coming in.
#253 of 288 Re: eww in the EU [gagrice]
Apr 29, 2013 (7:40 pm)
The average auto loan is 84 months? Huh? Where did that come from? I haven't seen any credible economic analysis equating subprime car loans to the mortgage disaster,either. There's no manipulated bubble for new car pricing, and cars can be repossessed a lot easier than houses. Even if it does sputter, this can't and won't cause a crash. And I'll wager it won't even sputter. People will put off a lot to keep their car. Worst thing it will do is maybe delay future sales as terms are longer (but more like 65 months rather than 84)
A big reason sales are up is because they were low for many quarters, and the fleet is getting old and worn.