July 29, 2008
LANSING, MI – Pending approval, China-bound Buick Enclaves could begin rolling off the assembly line as early as next month.
Tags: China, Enclave crossovers, General Motors, Lansing Delta Township Assembly Plant, Shanghai GM
June 24, 2008
WASHINGTON - In one of the company's largest export agreements, Ford will sell more than 30,000 North American-built vehicles in China, starting in 2009.
Tags: China, export, Ford
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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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