The Demand Is Way Up On Brand New & Used Cars For Auto Dealerships
General Motors’ turnaround continued with a sturdy second quarter, posting earnings of $1.three billion, in line with the New York Times.
And Ford announced its second quarter sales were up forty three percent versus a year ago.
Chrysler reported growing sales helped it slim its second-quarter loss to $172 million, a year once emerging from bankruptcy protection, in keeping with an Associated Press story.
Chrysler sales in May were up 33 percent thanks to strong sales on its Jeep Wrangler.
Therefore how are our three local car dealerships doing?
Alan Jay Automotive Network
Alan Jay Automotive Network’s second quarter was pretty sensible, said Don Elwell, director of selling and public relations.
“June was the best month we’ve had in probably the last 2 years or therefore,” he said. “All of the GM stores did well, particularly with the new models that have come back out.”
GM makes Chevrolet, Buick, Pontiac and Cadillac vehicles. From Chevrolet, the new Silverado 2500 HD is a 3/4-ton serious duty pickup truck.
Wayne Phillips, vice president of operations at Alan Jay, said, “The worst is behind us.”
Alan Jay has six locations with 11 franchises in Highlands County with a Chrysler – Jeep dealership in Wauchula.
For individuals who only drive domestically, economy cars are turning into more attractive.
A big attraction can be the 2011 Volt, coming back later this year. On one battery charge, it carries you about forty miles, and then a gas engine kicks in.
The new and improved Chevy Cruze replaces the Cobalt, creating it a significant contender within the economy automotive market, Elwell said.
The simplest selling new Buicks include the Regal, Lacrosse and Lucerne.
“Cadillac will supply a 2011 CTS Coupe,” said Elwell, adding that’s a two-door model.
The Ford dealership can have a Ford Fiesta, giving 40 mpg.
Overall, used vehicles are selling well, he said.
They recently held a buying deal event and dozens of used vehicles were sold, he said.
Wells Motor Company
At Wells Motor Company in Avon Park, owner Stanley Wells said they’re optimistic.
“We had the most effective month that we’ve had in an exceedingly long time,” said Wells. “We tend to’re doing very well in new Hyundai Jeffersonville automobile sales and components and service.
It’s still not so good as a few years ago.
“It is gradually getting higher,” he said. “Businesses have adjusted to having less inventory and fewer people.”
Wells has not had to lay anyone off, however there have been some positions that were not crammed when folks retired.
His biggest seller remains the minivan, and Jeep sales are strong, whereas truck sales are off a little.
Fuel economy still isn’t a massive issue, he said. People want what they wish and drive what they wish to drive and are willing to pay accordingly, he said.
“We have a tendency to’re doing higher with new cars than used cars now, with the deals we have a tendency to have on new cars (financing, rebates and dealer discounts which vary greatly from make and model).
“It’s very attractive to buy a replacement automobile over a second user automobile,” he said.
Bill Jarrett Ford
Apart from two off-months, sales are good, said Eddie Fitch, sales manager of the Avon Park store.
Bill Jarrett has four other locations, including Winter Haven, Plant City, Davenport and Dade City.
“We have a tendency to’re certainly not doing what we tend to were doing three or four years ago, but we tend to’re sticking to our a hundred units per month; that’s new and used combined,” said Fitch.
Their biggest seller on the new side is that the remade F-150.
“It’s a nice riding, quiet truck,” he said.
As far as their best seller in automobiles, the Ford Fusion has been terribly sensible, he said. He thinks that’s because the Fusion comes in an exceedingly V-vi hyundai dealer lexington choice, four cylinders, that gets regarding thirty mpg, and therefore the hybrid model, which gets a combined forty mpg average, using gas and electric.
“You’ve got the purchasers who return in here with fuel economy considerations,” he said, however it’s not a huge issue for several other buyers.
“They’re still shopping for the vehicle they wish to own. When prices went over $3 per gallon, it was a different picture. It seems like that $three is the trigger point.”
Used automotive sales have been pretty good, too. A ton of their sales are generated on-line, he said.
“We get a heap of traffic in here from 200 miles away or more as a result of they feel our used car costs are as smart as or better than they get in their own area.
Car buyers nowadays are well-versed and educated.
“Most consumers today have spent a ton of your time on the Internet learning about the vehicle they supposed on buying,” said Fitch. “They will see our entire inventory from all of our stores online, new and used.”
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