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By Ted Shelsby and Ted Shelsby,Sun Staff Writer | February 18, 1994
Maryland consumers braved January's ice and frigid temperatures to go on a car buying spree that has area dealers thinking about a return to their pre-recession heydays of the late 1980s."
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BUSINESS
By Jerry Hirsh and Jerry Hirsh,Tribune Newspapers | May 2, 2009
The major automobile makers posted further sales declines in April on Friday, punctuating a brutal week for an industry that saw one of its largest companies plunge into bankruptcy and signs that a similar fate awaits its biggest U.S. player. Chrysler, which filed for Chapter 11 bankruptcy Thursday and signed a deal to hand over its management to Fiat, reported Friday that its U.S. vehicle sales plunged 48 percent in April from a year ago. The Auburn Hills, Mich., company sold 76,682 cars, truck and SUVs during the period, a number depressed by a large reduction in fleet sales to rental car companies and government agencies as Chrysler attempts to focus on the consumer market.
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BUSINESS
By Ted Shelsby and Ted Shelsby,Sun Staff Writer | June 17, 1994
Pent-up demand and renewed consumer confidence sent buyers swarming into new-car showrooms across the state last month, resulting in a 29.7 percent jump in vehicle sales.According to title registration figures released by the Maryland Motor Vehicle Administration, the big jump in sales last month followed a 34 percent increase during April. For the first five months of 1994, Maryland dealers have sold 129,435 new cars and light trucks, more than 18 percent ahead of last year.All regions of the state seem to be sharing in the good times.
BUSINESS
By New York Times News Service | December 18, 2008
DETROIT - Chrysler LLC said yesterday that it would close all 30 of its factories for at least one month, starting at the end of this week, in response to plunging vehicle sales in the United States. The company said the plants, which employ 46,000 union workers, would resume production no sooner than Jan. 19. Some will remain closed for several more weeks. Normally, the Detroit automakers close their plants for about two weeks at the end of the year. In addition, Ford Motor Co. said yesterday evening that it would extend the holiday shutdown at 10 of its North American assembly plants to a third week.
BUSINESS
By New York Times News Service | May 14, 1993
DETROIT -- Sales of domestically produced vehicles rose 30.2 percent in early May, the nation's automakers said yesterday, extending the strengthening automotive market into a fourth straight month.Demand for light trucks, which include mini-vans and sport utility vehicles, showed particular strength, with a 44.4 percent sales gain in the period of May 1-10, to 126,324, compared with 87,497 in the period last year.Sales of domestically produced cars were at 157,496, up 20.8 percent from last year's 130,408.
BUSINESS
By New York Times News Service | April 6, 1993
DETROIT -- Sales of domestically produced vehicles rose 11.9 percent in late March, a gain that may have reflected pent-up demand from earlier in the month, when harsh weather interrupted normal shopping patterns in many areas.Sales of North American-built cars rose 8 percent, to 247,736, in the March 21-31 period. Sales of light trucks, which include mini-vans, sport-utility vehicles and pickups, rose 17.8 percent, to 179,290.Over all, domestic vehicle sales totaled 427,026. For reporting purposes, vehicles made in Canada and Mexico, as well as in the United States, are domestic, regardless of where the manufacturer is based.
BUSINESS
By Ted Shelsby and Ted Shelsby,SUN STAFF | December 30, 1998
Maryland new-car dealers sold more vehicles last month than in any November since 1995, according to figures released yesterday by the state Motor Vehicle Administration.The 6.9 percent increase in sales here also helped put dealers across the nation on track to their second-best sales year ever."There's no doubt about it, sales were very strong last month," said Jerome H. Fader, president of Heritage Automotive Group of Owings Mills, one of the state's largest auto dealers with 24 dealerships.
NEWS
By Andrea K. Walker and Andrea K. Walker,SUN STAFF | July 29, 2004
You could blame it on high gas prices, skittish customers or less-than-generous incentives from car dealers. Vehicle sales have taken an unexpected drop and automakers still haven't figured out why. U.S. sales of new cars and trucks fell 2 percent from last year to 1.44 million vehicles in June, the latest figures available, according to research firm Autodata Corp. The decrease - which produced the worst June in recent years - left dealers scratching their heads and scrambling to offer deals to bring customers back.
BUSINESS
By Ted Shelsby and Ted Shelsby,SUN STAFF | May 12, 1997
The spring new-car buying spree in Maryland continued last month as dealers enjoyed a nearly 6 percent jump in sales and posted their first back-to-back monthly gains in more than two years."
BUSINESS
May 14, 1993
U.S. vehicle sales up 30.2%Sales of domestically produced vehicles rose 30.2 percent in early May, the nation's automakers said yesterday, extending the strengthening automotive market into a fourth straight month.Demand for light trucks, which include mini-vans and sport utility vehicles, showed particular strength, with a 44.4 percent sales gain in the period of May 1-10. Sales of domestically produced cars were at 157,496, up 20.8 percent from last year's 130,408. Vehicle sales overall totaled 283,820, compared with 217,905 last year.
BUSINESS
By McClatchy/Tribune | November 30, 2008
The steep drop in gas prices might not be enough to save Detroit, but cheaper fuel undoubtedly has made it easier for dealers to unload the trucks and sport utility vehicles that have been gathering dust ever since oil's record price spike this past summer. That's not to say automakers are selling more of these vehicles than they were last fall. They're not. Everything from Ford's industry benchmark F-Series pickup to Toyota's venerable Land Cruiser are still seeing big drops from a year ago. But these days, that could be as much a function of the grim economy as anything else.
NEWS
By Michael Dresser and Michael Dresser,michael.dresser@balltsun.com | September 11, 2008
Upgrades to the MARC system will take longer. Projects to get highways ready for military base expansions will be pushed back. Improvements along U.S. 29 in Howard County will be delayed. These are among the $1.1 billion in hard choices Maryland officials announced yesterday as they cut back transportation spending plans over the next six years to account for drops in state revenues related to high gas prices and a slowing economy. "With gas up to $4 a gallon from $2 a gallon, everybody started driving less," said Gov. Martin O'Malley, saying revenues from gasoline taxes have fallen off as a result.
BUSINESS
By Detroit Free Press | May 10, 2007
DETROIT -- With most global automakers coming off a difficult year, Toyota Motor Corp. reported record annual profit yesterday and forecast a slower - but still growing - year to come. Toyota's net income rose 20 percent to 1.64 trillion yen, or $14 billion, for the most recent fiscal year, which ended March 31. It projected profits will rise again in the current year to 1.65 trillion yen, or $14.3 billion, though an executive suggested that management's guidance is intended as the low end of likely results.
BUSINESS
By NEW YORK TIMES NEWS SERVICE | May 3, 2006
DETROIT -- Americans shied away from large sport utility vehicles and pickup trucks in April as gasoline prices approached $3 a gallon, and with a battery of new SUVs waiting in the wings, domestic automakers are now facing the very scenario they had hoped to avoid. Despite gains at Toyota and Honda, declines at General Motors, Ford, DaimlerChrysler and Nissan pushed vehicle sales in the United States down 0.1 percent in April, according to Ward's AutoInfoBank. General Motors had the biggest drop, selling 7.3 percent fewer vehicles than it did in April 2005.
BUSINESS
By BLOOMBERG NEWS | July 30, 2004
STUTTGART, Germany - DaimlerChrysler AG said yesterday that its second-quarter earnings rose fivefold as its Chrysler division returned to profit, helped by new models including the 300C sedan and job cuts. Net income rose to 554 million euros ($668 million), or 55 cents a share, from 109 million euros, or 11 cents, a year earlier, chief executive Juergen Schrempp said on a conference call with analysts. Sales gained 9 percent to 37.1 billion euros. DaimlerChrysler expects its full-year operating profit to grow "strongly" as increases at Chrysler and the truck business make up for declines at Mercedes Car Group, Schrempp said.
NEWS
By Andrea K. Walker and Andrea K. Walker,SUN STAFF | July 29, 2004
You could blame it on high gas prices, skittish customers or less-than-generous incentives from car dealers. Vehicle sales have taken an unexpected drop and automakers still haven't figured out why. U.S. sales of new cars and trucks fell 2 percent from last year to 1.44 million vehicles in June, the latest figures available, according to research firm Autodata Corp. The decrease - which produced the worst June in recent years - left dealers scratching their heads and scrambling to offer deals to bring customers back.
BUSINESS
By Ted Shelsby and Ted Shelsby,SUN STAFF | December 19, 1995
New vehicle sales, which account for $1 of every $6 of Maryland's total retail trade, declined again last month, marking the sixth consecutive month in which sales were lower than in the corresponding period of a year ago."The year started off fine, but the last six months have been very disappointing for dealers," said Jacob J. Cohen, a partner and head of the automotive division at Walpert, Smullian & Blumenthal, a Towson-based accounting and management consulting company.According to registration figures released by the Motor Vehicle Administration yesterday, new vehicle sales were 7.3 percent below the sales pace in the same month last year.
NEWS
By Peter Hermann and Peter Hermann,SUN FOREIGN STAFF | May 11, 2003
BAGHDAD, Iraq - The deal went quickly. Nasser el-Din Said handed a stack of hundred-dollar bills totaling $4,500 to another man yesterday, took the keys to a white Nissan pickup truck and put freshly prepared registration papers on the seat beside him. Asked where the vehicle had come from, the 74-year-old simply smiled and said, "Korea and Japan." The true answer became obvious as he pulled out of the dusty lot. The blue license plate of the former Iraqi government hung from the back bumper.
BUSINESS
By BLOOMBERG NEWS | April 19, 2003
SHANGHAI, China - General Motors Corp., the world's biggest automaker, said yesterday that first-quarter sales in China of cars and sport utility vehicles rose by a more-than-expected 54 percent as more people and companies in the world's fastest-growing major economy could afford to buy new vehicles. The maker of Buick cars and Chevrolet sport utility vehicles sold 84,000 vehicles in China in the three months that ended March 31, said Philip Murtaugh, chairman of the company's operations in China.
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