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Filed under: Car Buying , Etc. , Earnings/Financials It was the best of times, it was the worst of times - it was 2007. Topping the sales figures for the year that almost was are mainly service vehicles, while the more ostentatious, less useful cars round out the bottom-feeder roster. Family cars at the top and niche cars in the basement doesn't tell the entire story, though. Yes, there are some cars that you expect would sell in small volumes. Sporty things like the Porsche Boxster, Vette-in-drag Caddy XLR , blob-tacular Lexus SC430 , and Audi A8/S8 über-sedan all sold in expected tiny numbers for such specialized machinery. Rounding out the nadir of automotive sales, you'll find nearly every Jaguar model, and some dead-on-the-vine products like the Mazda B-series pickups (Ford Ranger) and Isuzu Ascender (Chevy Trailblazer). Hit the jump to read more, and see the list [Source: Motor Authority] Continue reading MSNBC names the best and worst selling of 2007 Read | Permalink...
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Filed under: Car Buying , Plants/Manufacturing , Chrysler , Ford , GM , Honda , Nissan , Toyota This time last year some analysts were saying that a downturn in auto sales was around the corner. Well, it looks like those chaps were right on the money, as 2007 is projected to finish with 16 million sales, down one million units from 2005 totals. If a look at dealer orders is indicative of things to come, automakers are in for another tough year in 2008. One-third of dealers surveyed by Wachovia Capital Markets stated that they intend to cut back on new vehicle orders in 2008, which is up from 20 percent just a few months back. Automakers have been very careful with planned production volume for the next few months, and some have already cut shifts from assembly plants. Renault-Nissan CEO Carlos Ghosn thinks demand could shrink by another 500,000 units next year, which would put everybody in a tough spot. If the U.S. heads into a recession, the outlook could get even gloomier. It seems as...
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