2018 Buick Enclave “Avenir” will have ionic air purifier - April 12, 2017
Lease a Luxury Car for Less Than You Think - April 5, 2017
Shopping for a Car When Your Credit is Low - March 31, 2017
Aston Martin Closer to Unveiling Second-Generation Vantage - March 21, 2017
2017 Bentley Bentayga SUV: Offroad for $238,000 and Up - March 14, 2017
Pagani Huayra is Finally Here, Only $2.4M - March 9, 2017
Mercedes AMG E63 – For When Your Wagon Needs Drift - February 6, 2017
2018 Audi Q5 SUV: Enhanced Performance - January 30, 2017
2018 Toyota Camry Due in Late Summer - January 27, 2017
2018 Dodge Challenger SRT Demon Will Outstrip Hellcat - January 23, 2017
GM July Sales Up 25 Percent, Porsche Up 75 Percent
Zero percent auto loan financing was the most popular incentive in July. Car shoppers with good credit scores were able to borrow money to buy their new cars for free. Some of the 0 percent car loans were even available for up to a lengthy six years.
Auto lease incentives also were abundant across many automakers. With a few thousand dollars down, July shoppers were able to lease well-equipped vehicles with budget-friendly monthly payments.
General Motors, like most other automakers in July, offered 0 percent auto loan rates on most of its vehicles. GM’s incentives stood out because its 0 percent car loans were up to 60 and 72 months long on some models. The automaker’s four core brands were up 24.6 percent compared to last July.
"The size and scope of the U.S. market demands a strong portfolio of well-targeted brands," said Don Johnson, vice president, U.S. sales operations, in a statement. "The success of Chevrolet, Buick, GMC, and Cadillac month in and month out, indicates that the new GM’s brand strategy is sound."
Porsche continues to do amazingly well in July, with a sales increase of 75 percent compared to July 2009. Just last month, Porsche’s U.S. sales saw a 137 percent increase year-over-year. Porsche offered 1.9 percent auto loan rates on most of its 2010 models in July for up to five years.
July 2010 U.S. auto sales
GM: up 24.6% (core brands only)
Ford: up 3.1% (including Volvo)
Chrysler: up 5%
Toyota: down 7.2%
Lexus: down 3.3%
Honda: down 9.7%
Acura: up 44.7%
Nissan: up 12.1%
Infiniti: up 37.6%
Mercedes-Benz: up 7%
smart USA: down 60.5%
Porsche: up 75%
Audi: up 22%
BMW: up 16.4%
MINI: down 11.2%
Kia: up 20.7%
Subaru: up 10%
Hyundai: up 19%
Volkswagen: up 16%
Mazda: up 8.9%
Mitsubishi: up 16.5%
Suzuki: down 44%