Rasmussen Reports: More Car Buyers Looking For “American”

Filed under: Car Buying, By the Numbers

A Rasmussen Reports poll fielded in November – before General Motors’ IPO – finds a rise in the preference of “American-built” vehicles, as well as a willingness to accept U.S.-built Toyota and BMW products as the same as buying an “American” product.

Forty-one percent of respondents said they look for an “American-built” car first when they’re in the market for a vehicle. That sentiment is attributed by many analysts and researchers to a sense that people are showing more and more sentiment for “buying local.” That’s just a few points below the 44 percent who said they look for “the best possible deal regardless of where it was manufactured” while just 12 percent said they look first for a foreign-built car.

The sentiment favoring American-built car brands has risen quite a bit since Rasmussen conducted a similar poll in June 2008 when just 32 percent said they looked for an American brand first.

Good news for foreign owned automakers building vehicles in the U.S. Forty-one percent of respondents said they viewed buying a foreign brand of car that’s manufactured in the U.S. as “the same as buying an ‘American’ product” meaning those people believe a Mexican-built Ford Fusion is just as American as an Ohio-built Honda Civic. Forty-two percent, however, dissented from that notion while the rest were unsure.

The poll also found 59 percent saying they “consider just the Detroit Big Three – Ford, General Motors and Chrysler – to be American car companies.”

Fifty-four percent of Americans said they are less likely to buy a GM car because the federal government is/was the automaker’s majority owner. Still, in a separate survey in early June, 48 percent of those who planned to buy a new or used car in the next year said they are at least somewhat likely to buy either a Ford or a vehicle made by GM. Those findings included 20 percent who were ‘Very Likely’ to buy a Ford and 26 percent ‘Very Likely’ to buy a GM product instead.

[Source: Rasmussen | Image: Paul Sancya/AP Photo]

Rasmussen Reports: More Car Buyers Looking For “American” originally appeared on Autoblog on Tue, 30 Nov 2010 13:58:00 EST. Please see our terms for use of feeds.

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FBI reports car thefts at all-time low, but so are recoveries

Filed under: Government/Legal, Safety

The Federal Bureau of Investigation reports that car thefts in 2009 were at their lowest level in 20 years. Last year, a total of 794,616 vehicles were stolen from their owners – a 17 percent drop compared to 2008. Without a doubt, those numbers are good news for car owners across the country, but the FBI report isn’t all roses and sunshine. The government agency also says that while theft numbers are down, so is the number of vehicles recovered after they’re stolen.

Last year, authorities were able to return just 42 percent of all stolen vehicles. That number marks a 25 percent decline compared to 2008. The reason? Law enforcement says that thieves are getting smarter all the time, and that most acts of vehicle theft are perpetrated by professionals who are skilled at their trade. Experts recommend following the usual tricks to make sure you’re not a victim, including locking your vehicle, keeping valuables out of sight and parking it well-lit areas to make sure your vehicle doesn’t wind up on the short list of those stolen in 2010.

[Source: Consumer Reports | Image: Peter Dazeley/Getty]

FBI reports car thefts at all-time low, but so are recoveries originally appeared on Autoblog on Thu, 16 Sep 2010 18:57:00 EST. Please see our terms for use of feeds.

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Reports: Phaeton coming back to the U.S… again *UPDATE

Filed under: Sedan, China, Europe, Volkswagen, Rumormill, Luxury

2011 Volkswagen Phaeton – Click above for high-res image gallery

This time, with feeling. According to both Bloomberg News and USA Today, Volkswagen is once again considering bringing the ill-fated Phaeton back to the U.S. market. The reasons behind the move are many, but center around VW’s intention to triple its market share here in the land of the free by 2018. In order to do that, the company is planning on rolling out its luxury bruiser one more time, bolstered in part by the success Hyundai has seen with its Genesis sedan. Of course, that particular luxury cruiser doesn’t cost anything close to the Phaeton’s $85,000 MSRP – even the Korean automaker’s forthcoming Equus range-topper will likely not command that sort of money – and its success in the U.S. remains as-yet unproven.

Bloomberg spoke with Juergen Borrmann, the director of the carmaker’s Dresden facility. Borrmann said that the company is gunning for the U.S. and that by the time the model hits our parking lots, it will be completely reworked.

Consider us interested.

Supposedly, the American version will feature a slew of different engine choices compared to the cars currently on sale in Europe and China, as well as a significantly different interior materials. According to the report, our model will share very little with the next-generation car set to hit the market next month. Hey, if at first you don’t succeed…

*Update: Volkswagen says that while it thinks that there are opportunities for the Phaeton in the U.S., right now no final decisions have been made. At the same time, the carmaker says that it is continually working with the Dresden plant to evaluate potential markets for the luxury sedan.

Gallery: 2011 Volkswagen Phaeton

[Sources: Bloomberg News, USA Today]

Reports: Phaeton coming back to the U.S… again *UPDATE originally appeared on Autoblog on Thu, 19 Aug 2010 13:01:00 EST. Please see our terms for use of feeds.

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Tesla reports second-quarter loss of $38.5 million

Filed under: Earnings/Financials, Tesla

Tesla Model S

Tesla Model S – Click above for high-res image gallery

Tesla has reported its first earnings statement as a public company and, not surprisingly, the numbers don’t exactly paint a rosy portrait. The company announced that while it managed to bring in revenue around $28.4 million, it lost $38.5 million. That loss marks the second such dip in earnings for the company this year, though analysts are saying that the drop in cash flow is to be expected. The company just handed over $42 million to purchase a manufacturing facility for the Model S, and odds are the company will continue to funnel money into the structure as we get closer to the EV sedan’s production date.

Speaking of the Model S, it’s likely that a fair portion of the company’s funds are being shoveled into development of this second Tesla model. With those two hefty projects on the company’s plate, odds are we won’t see the electric vehicle manufacturer turn a profit for some time – possibly until after the end of this year. The news doesn’t seem to have had too much of a negative impact on the company’s stock price, though. As of this writing, TSLA stock was still at $20.18 – down around a dollar from opening.

Gallery: Tesla Model S in motion

tesla-model-s-large-4tesla-model-s-large-2tesla-model-s-large-1tesla-model-s-large-3tesla-model-s-large-5

[Source: Automotive News – sub. req.]

Tesla reports second-quarter loss of $38.5 million originally appeared on Autoblog on Thu, 05 Aug 2010 16:58:00 EST. Please see our terms for use of feeds.

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