Market Snapshot

Syndicate content

GM TO SELL ALLISON TRANSMISSION

General Motors has announced it will sell its Allison Transmission commercial and military business to the private equity firms Carlyle Group and Onex Corp. The selling price is expected to be around $5.6 billion. The agreement will include seven manufacturing operations in Indianapolis along with the worldwide distribution network and sales offices. However, GM will keep a plant in Baltimore, which produces the conventional and hybrid two-mode transmissions used in GM light trucks. Currently, the Allison Transmission is an option on the Silverado 2500 HD with the Duramax Diesel engine.

SMALLER CARS ARE BECOMING SAFER CARS

As Dan Carney of MSNBC.com points out, Americans have had a tendency to supersize everything, from their food to the vehicles they drive.  However, with the rising prices of gasoline, more Americans have decided to downsize their vehicles.  And the sales of smaller vehicles reflect this change.  Honda, for example, reported the most Civic sales ever during the month of May.  But for some Americans, the thought of going to a smaller car is an uncomfortable feeling, fearing they are giving up safety for better fuel economy.

GM'S RETRO STYLING IS REWARDED

Each year, cars and trucks are given various “best of” awards. This year, the Chevrolet Volt Concept received the 2007 North American Specialty Concept Vehicle of the Year and the Most Significant Concept Vehicle of the Year at an awards ceremony at the Automotive Hall of Fame in Dearborn, Michigan. And the award for 2007 North American Concept Car of the Year went to the Holden EFIJY.


 

PRICING ANNOUNCEMENTS: VERSA, HIGHLANDER, RS4 CABRIOLET

Pricing for the 2008 Nissan Versa, Toyota Highlander and Audi RS4 Cabriolet have been announced.

*Sales for the early-model Audi RS4 Convertible are unavailable

TOP DESIGN TRENDS

According to a story published by ForbesAuto.com, there are 10 styling trends that are dominating the future of vehicle design. It doesn’t take much thought to realize that many of these styling trends are the result of innovations spawned in the performance parts and accessories industry.

1. Higher Beltlines

HONDA LOOKING TO IMPROVE ACCORD SALES

According to WardsAuto, American Honda Motor Co. Inc. wants to “boost sales of its Accord midsize sedan to a level not seen since 2001.” In recent year’s, Toyota Motor Sales U.S.A. Inc.’s Camry has surpassed the Accord in sales, and Honda wants to take back some of the market share.

VW RELEASES MORE INFORMATION ON THE 2008 JETTA DIESEL

According to The Car Connection, Volkswagen has confirmed that the new Jetta sedan will be the first of the company’s vehicles to get the new clean diesel engine in 2008. Production for the clean-diesel Jetta TDI is expected to begin in January of 2008 and will go on sale in late spring. The new diesel will be 50-state complaint and will be badged as a TDI.

BMW 1 SERIES HAS APPEAL OF M3

BMW has denied any concrete plan to build an M version of the entry-level 1 Series. But according to AutoWeek, the versions of the 1 Series that will be available resurrect the spirit of the original M3. The 1 Series is expected to debut at September’s Frankfurt motor show.

NEW SEMA TRENDS AND FORECASTS REPORT AVAILABLE

SEMA members now have exclusive access to the 2007 Trends and Forecasts Quarterly Update - Q1, the latest update to the popular Trends and Forecasts series of reports, as an additional benefit to being a SEMA member. This most recent edition provides an industry overview of relevant developments and trends in the automotive industry during the first three months of 2007. In this report, which can be downloaded on www.sema.org/research, you will find:

* New-vehicle sales data
* The latest consumer buying trends

DIESEL PICKUPS IN DRAG RACING—AN OPPORTUNITY FOR YOU?

Imagine a fullsize street diesel pickup running a quarter-mile drag race in 10 seconds while achieving speeds of around 130 mph, or pulling a 36,000-pound "sled" on a 300-foot clay dirt track in 13 seconds. Next, imagine the same guy who owns that diesel pickup driving it home and using it for everyday driving. This scenario describes a growing segment of die-hard diesel enthusiasts who are using their diesel-powered pickups for more than just everyday hauling and towing.

Add to calendar