Photos by AAron B. Hutchins, click the pics to make them bigger:
Photos by AAron B. Hutchins, click the pics to make them bigger:
Click pics (by AAron B. Hutchins) to make bigger:
There were many more vehicles on display.
2010 CHUBBUCK DAYS CAR SHOW IN IDAHO
“Russia is Mazda’s second largest market in Europe and sales are rapidly increasing. Mazda sold approximately 28,000 units during the period from January through September 2011, a year on year increase of approximately 77%!”-Mazda Motors statement
Mazda announced they’ve made an U.S.$80 million joint venture deal with Russian car maker Sollers. By next autumn they will begin production of Mazda cars in the far eastern city of Vladivostok.
Mazda is not the only foreign car maker to make moves on the Russian car market: Renault-Nissan, General Motors, Izuzu, SsangYong, Fiat and Volkswagen have all started production in Russian factories.
The Indian car maker, Tata, unveiled what it claims is the world’s first Jewelry car.
It has about 80 kg (176 pounds) of 22 karat gold, approximately 15 kg (33 pounds) of silver and 10,000 gemstones. Gold is about U.S. $1,700 per ounce! Silver is about U.S. $40.00 per ounce. 16 ounces in one pound. That means that the little Tata Nano car is worth, in just the value of the gold and silver, $4.8 million!
According to the National Association of Insurance Commissioners, the number of people driving without insurance has hit one in seven.
Some insurance analysts blame the bad economy, and skyrocketing insurance costs: “Laws in most states have proven ineffective in reducing the numbers of drivers who are uninsured. Some drivers can’t afford insurance, and some drivers with surcharges for accidents or serious traffic violations don’t want to pay the high premiums that result from a poor driving record. It is costly to track down violators of compulsory insurance laws, and unless the odds of getting caught are high and the penalties severe, drivers will continue to flout the law.”-Loretta Worters, Insurance Information Institute
The percent of uninsured drivers varies from 4% in states like Maine, to 28% in Mississippi.
A survey by Cross Sell, and the Idaho Statesman, revealed that new and used car sales, in southwest Idaho, plunged in July 2011.
Southwest Idaho is supposedly doing better economically than eastern Idaho, yet new and used car sales declined. When compared year to year, sales dropped 14%. When you compare July 2011, to June 2011, the drop is 19%.
Nissan is going to invest $7.7 billion into the world’s largest car market…no not the United States…China!
Nissan entered into a joint venture with China’s Dongfeng Motor, and together they’re investing billions to boost car production in China. They expect to produce 2.3 million vehicles per year by 2015.
Nissan’s U.S. sales mirror that of Toyota, up at the beginning of the year, but down by the end of May.
Toyota announced that demand is up so much that they’re doubling production…in India.
Toyota will invest $220 million into its Indian operations, with the goal of increasing production to 310,000 vehicles per year by 2013. Toyota added that it’s all types of vehicles that are enjoying increased demands, from economy cars to SUVs and mini vans.
India is one of the fastest growing car markets, last year overall sales grew by 34%. Toyota admitted that it does not expect high sales in Japan, and sales in the U.S. are not good.
For the United States Toyota has reported some confusing sales numbers. At the beginning of 2011 they reported an increase in sales, yet as of the end of May, Toyota says U.S. sales dropped by 27.9%. That’s based on “daily sales rate (DSR) basis”, when you look at their raw volume it gets worse, sales down 33.4%.
How about Toyota’s divisions? Lexus reported a drop of 46.3%, and TMS Hybrids sales dropped 49.2%.
Of course Toyota officials blame the March 11 disasters in Japan for causing part of the sales decrease, by interrupting the production of parts. But, I remember reading an article that said there were already dockyards full of Toyotas, both in Japan and the U.S., because there was a lack of orders from U.S. dealers.
German car makers are scrambling to keep up with international orders. They expect that by the end of the year they will have exported 4.15 million German made cars. But the majority of those cars are not going to the U.S., they’re going to China, and to some extent India.
“We are seeing international markets pick up much more rapidly than many had expected. The drivers of growth are above all Asian markets.”-Matthias Wissmann, German Car Industry Association
Audi alone saw a 64% increase in their sales to China and Hong Kong, in 2010. But BMW is turning out to be the big money maker, just in the first six months of 2011, their sales in China exploded by 101%!
Executives for German car makers admitted they are scrambling to rethink their corporate strategy, because they never expected such high sales in China, so soon.