Arab Today, arab today automakers bet on compact cars
Last Updated : GMT 12:54:35
Arab Today, arab today
Arab Today, arab today

Automakers bet on compact cars

Arab Today, arab today

Arab Today, arab today Automakers bet on compact cars

Detroit - Arabstoday

Automakers are gearing up to make more compact cars this year. It\'s another bet on a part of the car market that has thrived this year as consumers fret about the economy but still want a new set of wheels. General Motors is adding Saturday shifts in the fourth quarter at an Ohio factory that makes the compact Cruze, two people briefed on the matter said on Monday. Ford, Toyota and Hyundai also have scheduled overtime at compact-car plants. That might seem chancy with consumer confidence at a two-year low. But the carmakers are expecting sales of compacts to increase as nervous consumers go for lower sticker prices and better fuel efficiency to save money. Compacts sell for $16,000 (Dh58,773) and up, and can get around 40 mpg in highway driving. Strategy Also, car companies are trying to steal sales from Honda and Toyota, whose factories are just now recovering from parts shortages due to the March earthquake in Japan. The strategy might pay off. As anxious as consumers say they are about the future, a survey released on Tuesday by the Conference Board showed that, compared with July, more of them plan to buy a car within six months. At Hyundai, based in New Port Richey near Tampa, Florida, there were only two Elantra compacts on the forecourt on Tuesday, and president Scott Fink expected them to sell quickly. \"As the Elantras come in, nine out of ten of them are pre-sold,\" Fink said. \"So we really don\'t have any in stock.\" At the New Port Richey dealership and three others in Fink\'s group, customers stung by Florida\'s steep drop in house prices are trying to cut their monthly payments. \"Even if they have a job, they just want to reduce their debt and improve their cash flow,\" Fink said. Yet they don\'t want to give up the amenities they have in their current cars. As shoppers look at these smaller cars, they\'re finding that new compacts such as the Elantra, Cruze and Ford Focus are quiet, handle well, and come with navigation systems, leather seats and all the bells and whistles that previously were available only in larger vehicles. And the Cruze, for instance, has a starting price of $16,525, about $3,700 less than the cheapest Toyota Camry. As a result, automakers sold nearly 1 million compacts up until the end of July. That\'s up 12.8 per cent from a year earlier, an impressive gain considering the scarcity of the most popular compact models, the Toyota Corolla and Honda Civic. Civic sales are down 9.7 per cent and Corolla sales are off 8.1 per cent, according to Autodata Corp. Top seller Cruze sales are up 74 per cent over the car it replaced, the Chevrolet Cobalt. Elantra sales have risen 56 per cent and Nissan Sentra sales are up 33 per cent. In June the Cruze, which GM introduced last year, was the top-selling car in the country. At its in Lordstown, Ohio, which already is working around the clock on weekdays to make the Cruze, GM plans to add Saturday shifts in the fourth quarter, two people briefed on the plans said. One said five Saturdays will be added, while another said only two had been scheduled but more are possible. Neither wanted to be identified because workers have not been told of the plans. For the workers, it means giving up a weekend day. But it also means more pay. At current sales rates, GM dealers have only enough Cruzes to last for 27 days, far lower than the 60 days considered optimal to give customers enough selection

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today automakers bet on compact cars Arab Today, arab today automakers bet on compact cars

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today automakers bet on compact cars Arab Today, arab today automakers bet on compact cars

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Malaysia Airlines picks new CEO

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Residents get glimpse of Raqa in ruins

GMT 07:10 2017 Saturday ,21 October

Residents get glimpse of Raqa in ruins
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Actress Mona Zaki praises husband’s role

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 09:56 2017 Friday ,20 October

Privacy Groups Warn of Perils

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday