February 8, 2008
CHICAGO – American Suzuki Motor Corp. debuted its all-new 2009 Equator mid-size pickup truck at this year’s Chicago Auto Show.
Tags: 2009 Equator, Chicago Auto Show , Suzuki
February 5, 2008
CHICAGO – General Motors will showcase several gas-saving commercial vehicles at the 2008 Chicago Auto Show Feb. 6–17.
Tags: Chevrolet, Chicago Auto Show , General Motors
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By Mike Antich Fuel prices hit record highs. The cost of financing a fleet doubles. Used-vehicle values plummet. Dealers are unable to sell the vehicles they have in inventory. Geopolitically, the U.S. is embroiled in war and the macro-economy teeters on recession. If you think I'm talking about 2008, think again. The year was 1973.
By Mike Antich October was an extremely difficult month to remarket vehicles in the wholesale market as resale prices took a precipitous drop. Wholesale pricing, based on mixed mileage and seasonally adjusted, declined a record 6 percent in October. The lack of credit to both dealers and retail buyers has been the key catalyst contributing to the downturn in the wholesale market. The market forecast is gloomy until the credit gridlock is resolved.
By Mike Antich
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