General Motors Sees Strength, Toyota Leads Low Repair Costs
GM Predicts Strong November
In remarks today, a General Motors (NYSE:GM) exec said he sees industywide U.S. auto sales reaching 14 million this month after October’s numbers reached 13.3 million. This was the best number since August 2009 after sales received a nudge from the Cash-for-Clunkers program.
Donald Johnson, vice president of GM’s U.S. sales said at a Barclays Capital investor conference, the 14 million estimate will include medium- and heavy-duty truck deliveries, which will usually add 200,000 to 300,000 sales to its monthly annualized sales rates.
Johnson also said that the return of brand loyalists to the market after leasing their cars to now purchasing them will help auto sales.
It’s one thing to get a great deal on car but keeping it from the mechanic may be another thing.
5 Cars With Low Repair Costs
According to a new report from CarMD, Toyota Motor Corporation (NYSE:TM) grabbed the top spot with the fewest repair costs, followed by Hyundai Motor Co. Ltd. (HYMLF.PK). Honda Motor Co. Ltd (NYSE:HMC), Ford Motor Company (NYSE:F) and General Motors (NYSE:GM) complete the list of top 5.
The report covered model years from 2001 to 2011 and focused on repairs made in the recent year ending Oct. 1. CarMD also gives grades to manufacturers on all of their brands and combines both repair frequency and repair costs to determine a rating.