OCTOBER 2007 Vehicles Sales
#16
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Thread Starter
Kia Motors
Kia Motors America Announces Best October Sales Ever
IRVINE, Calif., Nov. 1 /PRNewswire/ -- Kia Motors America (KMA) today
announced record October sales of 25,185 units, a 4.5-percent increase over
the previous month, and a 25-percent increase year over year. Leading the
way for the brand were Spectra and Sportage, two popular models in the Kia
lineup, selling 5,898 and 4,334 units respectively. Year-to-date sales are
257,228 units, a 6.3-percent increase over the same period last year.
"We've kicked off the fall season strong with our pillar vehicles --
Spectra and Sportage -- lifting the brand," said Len Hunt, executive vice
president and COO of Kia Motors America. "We are on pace for another annual
sales record."
Kia Motors America -- the sales, marketing and distribution arm of Kia
Motors Corporation in Seoul, South Korea -- offers a complete line of
vehicles through more than 630 dealers throughout the United States.
SOURCE Kia Motors America
IRVINE, Calif., Nov. 1 /PRNewswire/ -- Kia Motors America (KMA) today
announced record October sales of 25,185 units, a 4.5-percent increase over
the previous month, and a 25-percent increase year over year. Leading the
way for the brand were Spectra and Sportage, two popular models in the Kia
lineup, selling 5,898 and 4,334 units respectively. Year-to-date sales are
257,228 units, a 6.3-percent increase over the same period last year.
"We've kicked off the fall season strong with our pillar vehicles --
Spectra and Sportage -- lifting the brand," said Len Hunt, executive vice
president and COO of Kia Motors America. "We are on pace for another annual
sales record."
Kia Motors America -- the sales, marketing and distribution arm of Kia
Motors Corporation in Seoul, South Korea -- offers a complete line of
vehicles through more than 630 dealers throughout the United States.
Code:
MONTH OF OCTOBER YEAR-TO-DATE Model 2007 2006 2007 2006 Rio 2,939 1,414 27,869 22,182 Spectra 5,898 3,223 61,444 59,133 Optima 3,084 2,856 34,105 31,210 Amanti 202 735 5,259 8,708 Sportage 4,334 2,674 40,484 29,045 Sorento 3,025 2,951 32,712 44,092 Sedona 2,952 6,241 34,777 47,722 Rondo 2,751 3 20,578 3 Total 25,185 20,097 257,228 242,095
#17
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#18
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Without trying to bash or flame anyone or any marque, the numbers sure indicate that Lexus and MB own the large luxury sedan market. I know you might be able to make an argument that the 1200 sales of the 7 aren't that far off of the 2100 of the S class but I don't see it that way. The S class has been out significantly longer than the LS and is a fair amount more expensive so those 2100 sales in its life impresses me. When you put the LS and the S together they sell roughly 5,000 cars a month. If you put the 7 and the A8 together they sell 1,500 cars a month.
Pity the poor A8, a good car that doesn't get anywhere. Something that I have noticed about Audi dealers and please, I understand this is from my limited experience trying to buy Audi's for something like twenty years, is that their dealers are the worst of the lot. Whenever I try to buy an Audi I am met with an air of indifference to me and little to no interest in trying to deal on a car that the market is voting against. And this spans my interest in everything from the Audi 100 to the last couple of weeks looking at A8s. I know Audi wants to seriously compete with bimmer and MB, haven't mentioned Lexus but they obviously would like to compete with them as well, but they have a long way to go to get there IMO. I just can't point at the product as being the reason for the lethargic Audi sales. Pity.
Pity the poor A8, a good car that doesn't get anywhere. Something that I have noticed about Audi dealers and please, I understand this is from my limited experience trying to buy Audi's for something like twenty years, is that their dealers are the worst of the lot. Whenever I try to buy an Audi I am met with an air of indifference to me and little to no interest in trying to deal on a car that the market is voting against. And this spans my interest in everything from the Audi 100 to the last couple of weeks looking at A8s. I know Audi wants to seriously compete with bimmer and MB, haven't mentioned Lexus but they obviously would like to compete with them as well, but they have a long way to go to get there IMO. I just can't point at the product as being the reason for the lethargic Audi sales. Pity.
#20
BMW - #1 in Luxury Sales
BMW: 26,821
Lexus: 25,119
Isn't this the first time BMW has surpassed Lexus in US sales since Lexus took over the top spot? Anyone know for sure?
I wonder if this is going to be a trend.
BMW must be thrilled with this news.
#21
#22
Lexus Fanatic
BMW cars (i.e. no SUVs/trucks) on the other hand have been leading the market for a long time already and it's no news.
#23
Ahh, Ok, just noticed that. They're alot closer to Lexus than they used to be, though. No doubt its due primarily to the 3 series sales. 11,000+ units in one month - unbelievable.
#24
Super Moderator
Thread Starter
Mazda
Mazda Reports Double Digit Sales Increase for Third Straight Month
- October sales up 17.8 percent; YTD sales up 9.9 percent -
IRVINE, Calif., Nov. 1 /PRNewswire/ -- Mazda North American Operations
(MNAO) today reported its best October since 2001 with U.S. sales of 22,201
units, a 17.8 percent increase versus the same period last year.
Year-to-date sales of 250,597 are up 9.9 percent year-over-year.
Mazda Motor de Mexico (MMdM) celebrated its best-ever sales month with
1,532 vehicles sold representing an increase of 91 percent over October
2006. On a year-to-date basis, MMdM reported 13,074 total sales, an
increase of 141 percent.
Rounding out North America, Mazda Canada, Inc. reported its best
October since 1997 with sales of 6,040 units, accounting for a 1.0 percent
increase versus last year. On a year-to-date basis, sales are up 8.4
percent with 77,133 units sold.
The three-row, seven-passenger Mazda CX-9 crossover SUV, which was
recently named 2008 Sport/Utility of the Year(TM) by Motor Trend, recorded
its best-ever sales month with 3,145 units. This also marks the first time
CX-9 has eclipsed the 3,000-unit mark in a single month. Mazda's two other
crossover SUVs -- CX-7 and Tribute -- also posted strong sales of 3,280 and
1,516 units respectively. To date, Mazda has sold more than 66,000
crossover SUVs.
With October sales of 8,157 units, the wildly popular MAZDA3 has
surpassed the 100,000-unit mark for the year, making it MAZDA3's best-ever
year with two months still remaining. Its previous best year was in 2005
when it recorded 97,388 units sold.
"As changeable as this month has been -- from the continual rise of oil
prices to the California wildfires -- sales started strong and stayed that
way all month for us," said Jim O'Sullivan, MNAO President and CEO. "As we
look toward the end of the year, Mazda's strong sales numbers are proof
that we're selling the right cars at the right price, and this is bringing
the right customers into our dealerships."
Headquartered in Irvine, Calif., Mazda North American Operations
oversees the sales, marketing, parts and customer service support of Mazda
vehicles in the United States, Canada, Mexico and Puerto Rico through
nearly 900 dealers. Operations in Canada are managed by Mazda Canada, Inc.,
located in Ontario, Canada, and in Mexico by Mazda Motor de Mexico in
Mexico City.
SOURCE Mazda North American Operations
- October sales up 17.8 percent; YTD sales up 9.9 percent -
IRVINE, Calif., Nov. 1 /PRNewswire/ -- Mazda North American Operations
(MNAO) today reported its best October since 2001 with U.S. sales of 22,201
units, a 17.8 percent increase versus the same period last year.
Year-to-date sales of 250,597 are up 9.9 percent year-over-year.
Mazda Motor de Mexico (MMdM) celebrated its best-ever sales month with
1,532 vehicles sold representing an increase of 91 percent over October
2006. On a year-to-date basis, MMdM reported 13,074 total sales, an
increase of 141 percent.
Rounding out North America, Mazda Canada, Inc. reported its best
October since 1997 with sales of 6,040 units, accounting for a 1.0 percent
increase versus last year. On a year-to-date basis, sales are up 8.4
percent with 77,133 units sold.
The three-row, seven-passenger Mazda CX-9 crossover SUV, which was
recently named 2008 Sport/Utility of the Year(TM) by Motor Trend, recorded
its best-ever sales month with 3,145 units. This also marks the first time
CX-9 has eclipsed the 3,000-unit mark in a single month. Mazda's two other
crossover SUVs -- CX-7 and Tribute -- also posted strong sales of 3,280 and
1,516 units respectively. To date, Mazda has sold more than 66,000
crossover SUVs.
With October sales of 8,157 units, the wildly popular MAZDA3 has
surpassed the 100,000-unit mark for the year, making it MAZDA3's best-ever
year with two months still remaining. Its previous best year was in 2005
when it recorded 97,388 units sold.
"As changeable as this month has been -- from the continual rise of oil
prices to the California wildfires -- sales started strong and stayed that
way all month for us," said Jim O'Sullivan, MNAO President and CEO. "As we
look toward the end of the year, Mazda's strong sales numbers are proof
that we're selling the right cars at the right price, and this is bringing
the right customers into our dealerships."
Headquartered in Irvine, Calif., Mazda North American Operations
oversees the sales, marketing, parts and customer service support of Mazda
vehicles in the United States, Canada, Mexico and Puerto Rico through
nearly 900 dealers. Operations in Canada are managed by Mazda Canada, Inc.,
located in Ontario, Canada, and in Mexico by Mazda Motor de Mexico in
Mexico City.
Code:
Mazda North American Operations - October 2007 Month-To-Date Year-To-Date October October % October October % 2007 2006 Change 2007 2006 Change Mazda3 8,157 5,987 36.2% 103,493 80,668 28.3% Mazda5 558 928 (39.9)% 11,623 14,465 (19.6)% Mazda6 4,188 3,865 8.4% 48,216 56,407 (14.5)% MX-5 Miata 911 1,020 (10.7)% 13,627 14,878 (8.4)% RX-8 318 640 (50.3)% 5,138 8,180 (37.2)% Protege - - N/A - - N/A CX-7 3,280 4,272 (23.2)% 35,285 15,250 131.4% CX-9 3,145 - N/A 19,630 - N/A Tribute 1,516 1,342 13.0% 11,100 24,158 (54.1)% B-Series Truck 128 249 (48.6)% 2,363 3,651 (35.3)% MPV - 540 (100.0)% 122 10,424 (98.8)% Total Vehicles CARS 14,132 12,440 13.6% 182,097 174,598 4.3% TRUCKS 8,069 6,403 26.0% 68,500 53,483 28.1% TOTAL 22,201 18,843 17.8% 250,597 228,081 9.9% MEMO: IMPORT CAR 9,944 8,575 16.0% 133,881 118,191 13.3% IMPORT TRUCK 6,425 4,812 33.5% 55,037 25,674 114.4% IMPORT TOTAL 16,369 13,387 22.3% 188,918 143,865 31.3% DOMESTIC CAR 4,188 3,865 8.4% 48,216 56,407 (14.5)% DOMESTIC TRUCK 1,644 1,591 3.3% 13,463 27,809 (51.6)% DOMESTIC TOTALS 5,832 5,456 6.9% 61,679 84,216 (26.8)% Note: MPV & Protege are discontinued vehicles.
#25
Super Moderator
Thread Starter
Chrysler
Chrysler LLC Announces Overall October 2007 U.S. Sales Down 9 Percent as Industry Sales Continue Below Trend Levels
* Chrysler brand car sales rise 7 percent over October 2006; led by Sebring
Sedan and Convertible
* Chrysler Town & Country up 26 percent on the success of the new model
* Jeep(R) brand sales down 21 percent year-over-year, driven by planned
fleet reductions
* Jeep Wrangler sales increase 8 percent versus last year
* Dodge brand car sales up 18 percent from the same period last year
* Dealer inventory down 8 percent or 469,426 units versus October 2006
AUBURN HILLS, Mich., Nov. 1 /PRNewswire/ -- Chrysler LLC reported U.S.
sales for October 2007 of 145,316 units; down 9 percent compared to October
2006 with 159,586 units sold. All sales figures are reported as unadjusted.
"Growing concerns about the housing slump are showing up in consumers'
expectations about future economic conditions as auto sales for the month
of October continue below trend levels," said Darryl Jackson, Vice
President - U.S. Sales. "Today's company announcement on product changes
reflects our customer-driven philosophy and current market conditions."
Chrysler brand car sales were led by Sebring Sedan which posted sales
of 5,015 units, up 86 percent versus 2006 and Sebring Convertible which
finished the month with sales of 1,856 units, up 837 percent versus October
2006. Chrysler Town & Country sales rose 26 percent to 12,177 units versus
October 2006 with 9,668 units.
Jeep(R) brand sales were down 21 percent year-over-year, driven by
planned fleet reductions. Jeep Wrangler and Wrangler Unlimited posted sales
of 9,354 units, up 8 percent versus October 2006.
Dodge brand car sales increased 18 percent over last year aided by
steady sales of the Dodge Avenger with 6,268 units delivered.
"Given the competitive market, our approach is to provide substantial
value to our consumers by offering consumer cash and lease cash on the
majority of our 2008 models in November," said Michael Keegan, Vice
President - Volume Planning and Sales Operations. "We will also introduce
0% APR for 36 months on 2008 models through the end of the month."
Chrysler finished the month with 469,426 units of inventory, or an
84-day supply. Inventory is down by 8 percent compared to October 2006 when
it was at 508,724 units.
SOURCE Chrysler LLC
* Chrysler brand car sales rise 7 percent over October 2006; led by Sebring
Sedan and Convertible
* Chrysler Town & Country up 26 percent on the success of the new model
* Jeep(R) brand sales down 21 percent year-over-year, driven by planned
fleet reductions
* Jeep Wrangler sales increase 8 percent versus last year
* Dodge brand car sales up 18 percent from the same period last year
* Dealer inventory down 8 percent or 469,426 units versus October 2006
AUBURN HILLS, Mich., Nov. 1 /PRNewswire/ -- Chrysler LLC reported U.S.
sales for October 2007 of 145,316 units; down 9 percent compared to October
2006 with 159,586 units sold. All sales figures are reported as unadjusted.
"Growing concerns about the housing slump are showing up in consumers'
expectations about future economic conditions as auto sales for the month
of October continue below trend levels," said Darryl Jackson, Vice
President - U.S. Sales. "Today's company announcement on product changes
reflects our customer-driven philosophy and current market conditions."
Chrysler brand car sales were led by Sebring Sedan which posted sales
of 5,015 units, up 86 percent versus 2006 and Sebring Convertible which
finished the month with sales of 1,856 units, up 837 percent versus October
2006. Chrysler Town & Country sales rose 26 percent to 12,177 units versus
October 2006 with 9,668 units.
Jeep(R) brand sales were down 21 percent year-over-year, driven by
planned fleet reductions. Jeep Wrangler and Wrangler Unlimited posted sales
of 9,354 units, up 8 percent versus October 2006.
Dodge brand car sales increased 18 percent over last year aided by
steady sales of the Dodge Avenger with 6,268 units delivered.
"Given the competitive market, our approach is to provide substantial
value to our consumers by offering consumer cash and lease cash on the
majority of our 2008 models in November," said Michael Keegan, Vice
President - Volume Planning and Sales Operations. "We will also introduce
0% APR for 36 months on 2008 models through the end of the month."
Chrysler finished the month with 469,426 units of inventory, or an
84-day supply. Inventory is down by 8 percent compared to October 2006 when
it was at 508,724 units.
Code:
Chrysler LLC U.S. Sales Summary Thru October 2007 Month Sales Vol % Sales CYTD Vol % Model Curr Yr Pr Yr Change Curr Yr Pr Yr Change Sebring 6,871 2,892 138% 75,148 49,618 51% 300 8,923 10,518 -15% 99,174 116,625 -15% Crossfire 111 763 -85% 8,401 8,144 3% PT Cruiser 5,695 10,692 -47% 83,078 116,806 -29% Aspen 1,783 1,524 17% 24,251 2,258 974% Pacifica 4,880 5,578 -13% 47,754 66,463 -28% Town & Country 12,177 9,668 26% 111,311 136,721 -19% CHRYSLER BRAND 40,440 41,635 -3% 449,117 496,635 -10% Compass 2,240 3,342 -33% 33,513 9,790 242% Patriot 3,636 0 0% 31,248 0 0% Wrangler 9,354 8,679 8% 101,903 62,913 62% Liberty 6,486 11,004 -41% 75,351 114,218 -34% Grand Cherokee 7,449 9,193 -19% 100,695 118,351 -15% Commander 2,691 8,079 -67% 52,815 72,908 -28% JEEP BRAND 31,856 40,297 -21% 395,525 378,180 5% Caliber 5,563 7,790 -29% 85,915 75,791 13% Avenger 6,268 0 0% 65,416 0 0% Charger 8,343 8,619 -3% 97,833 96,387 2% Viper 36 198 -82% 384 1,311 -71% Magnum 3,219 2,576 25% 25,561 35,222 -27% Dakota 3,196 4,943 -35% 44,572 66,416 -33% Ram P/U 24,711 28,251 -13% 301,689 303,476 -1% Caravan 11,005 12,454 -12% 141,477 182,805 -23% Durango 2,322 6,932 -67% 39,833 60,349 -34% Nitro 5,891 3,044 94% 61,680 4,010 1438% Sprinter 2,466 2,289 8% 13,659 19,066 -28% DODGE BRAND 73,020 77,654 -6% 879,497 912,719 -4% TOTAL CHRYSLER LLC 145,316 159,586 -9% 1,724,139 1,787,534 -4% TOTAL CAR 36,403 32,369 12% 443,937 426,776 4% TOTAL TRUCK 108,913 127,217 -14% 1,280,202 1,360,758 -6% Selling Days 26 25 256 255
#26
Super Moderator
Thread Starter
Hyundai
Hyundai Motor America Reports October Sales
FOUNTAIN VALLEY, Calif., Nov. 1 /PRNewswire/ -- Hyundai Motor America's
popular Santa Fe and Sonata vehicles posted sales increases of 15 percent
and 28 percent, respectively, for the month of October. Additionally, the
fuel-efficient Accent posted strong sales, up 32 percent over October 2006.
Overall, sales for the month were relatively flat at 30,232, compared with
30,479 one year ago.
"We are hopeful the arrival of our 2008 models in showrooms will
mitigate some of the uncertain economic conditions in the fourth quarter
and sales will improve through the end of the year and build momentum
heading into 2008," said Bob Pradzinski, Hyundai Motor America's director,
national sales.
All Hyundai vehicles sold in the U.S. are covered by The Hyundai
Advantage, America's Best Warranty. Hyundai buyers are protected by a
10-year/100,000-mile powertrain warranty, a 5-year/60,000-mile
bumper-to-bumper warranty, a 7-year/unlimited-mile anti-perforation
warranty and 5-year/unlimited-mile roadside assistance protection.
SOURCE Hyundai Motor America
FOUNTAIN VALLEY, Calif., Nov. 1 /PRNewswire/ -- Hyundai Motor America's
popular Santa Fe and Sonata vehicles posted sales increases of 15 percent
and 28 percent, respectively, for the month of October. Additionally, the
fuel-efficient Accent posted strong sales, up 32 percent over October 2006.
Overall, sales for the month were relatively flat at 30,232, compared with
30,479 one year ago.
"We are hopeful the arrival of our 2008 models in showrooms will
mitigate some of the uncertain economic conditions in the fourth quarter
and sales will improve through the end of the year and build momentum
heading into 2008," said Bob Pradzinski, Hyundai Motor America's director,
national sales.
All Hyundai vehicles sold in the U.S. are covered by The Hyundai
Advantage, America's Best Warranty. Hyundai buyers are protected by a
10-year/100,000-mile powertrain warranty, a 5-year/60,000-mile
bumper-to-bumper warranty, a 7-year/unlimited-mile anti-perforation
warranty and 5-year/unlimited-mile roadside assistance protection.
Code:
Following is the sales breakdown for October 2007: CARLINE OCT/2007 OCT/2006 CY2007 CY2006 ACCENT 2,660 2,010 31,872 30,099 SONATA 9,507 7,438 108,865 130,993 ELANTRA 4,737 5,468 78,627 86,102 TIBURON 895 1,211 12,745 15,663 SANTA FE 5,940 5,162 75,945 50,432 AZERA 1,415 1,911 18,776 22,473 TUCSON 2,958 4,322 35,407 44,610 ENTOURAGE 596 2,957 16,260 9,366 VERACRUZ 1,524 n/a 10,142 n/a TOTAL 30,232 30,479 388,639 389,738
#27
Super Moderator
Thread Starter
#28
Super Moderator
Thread Starter
Porsche
Porsche Sales up 22 Percent for October 2007
ATLANTA--Porsche Cars North America, Inc. (PCNA), importer and distributor of Porsche sports cars and Cayenne SUVs in the United States and Canada, today announced second-best ever October sales of 2,862 units in the United States. In the first 10 months of this year, Porsche has sold 29,140 new cars, which is on track to repeat last year's record sales.
The 911 model also achieved record October sales with 972 units sold, up 39 percent over last October sales of 697. So far this year, 911 sales are 10,805, representing a 10 percent increase over year-to-date sales last October of 9,859.
Also impressive were Porsche's new-generation Cayenne SUV sales that saw a 46 percent rise, with sales of 1,184 versus 809 Cayennes sold last October. Year-to-date, there were 10,061 Cayennes sold, up 13 percent over October 2006 sales of 8,869.
Boxster sales of 316 also realized an increase of 13.3 percent over last October sales of 279.
In addition, dealers sold 556 Porsche Approved Certified Pre-Owned cars in October vs. 493 for the same period last year.
DETAILS : Click HERE
.
ATLANTA--Porsche Cars North America, Inc. (PCNA), importer and distributor of Porsche sports cars and Cayenne SUVs in the United States and Canada, today announced second-best ever October sales of 2,862 units in the United States. In the first 10 months of this year, Porsche has sold 29,140 new cars, which is on track to repeat last year's record sales.
The 911 model also achieved record October sales with 972 units sold, up 39 percent over last October sales of 697. So far this year, 911 sales are 10,805, representing a 10 percent increase over year-to-date sales last October of 9,859.
Also impressive were Porsche's new-generation Cayenne SUV sales that saw a 46 percent rise, with sales of 1,184 versus 809 Cayennes sold last October. Year-to-date, there were 10,061 Cayennes sold, up 13 percent over October 2006 sales of 8,869.
Boxster sales of 316 also realized an increase of 13.3 percent over last October sales of 279.
In addition, dealers sold 556 Porsche Approved Certified Pre-Owned cars in October vs. 493 for the same period last year.
DETAILS : Click HERE
.
#29
Without trying to bash or flame anyone or any marque, the numbers sure indicate that Lexus and MB own the large luxury sedan market. I know you might be able to make an argument that the 1200 sales of the 7 aren't that far off of the 2100 of the S class but I don't see it that way. The S class has been out significantly longer than the LS and is a fair amount more expensive so those 2100 sales in its life impresses me. When you put the LS and the S together they sell roughly 5,000 cars a month. If you put the 7 and the A8 together they sell 1,500 cars a month.
Pity the poor A8, a good car that doesn't get anywhere. Something that I have noticed about Audi dealers and please, I understand this is from my limited experience trying to buy Audi's for something like twenty years, is that their dealers are the worst of the lot. Whenever I try to buy an Audi I am met with an air of indifference to me and little to no interest in trying to deal on a car that the market is voting against. And this spans my interest in everything from the Audi 100 to the last couple of weeks looking at A8s. I know Audi wants to seriously compete with bimmer and MB, haven't mentioned Lexus but they obviously would like to compete with them as well, but they have a long way to go to get there IMO. I just can't point at the product as being the reason for the lethargic Audi sales. Pity.
Pity the poor A8, a good car that doesn't get anywhere. Something that I have noticed about Audi dealers and please, I understand this is from my limited experience trying to buy Audi's for something like twenty years, is that their dealers are the worst of the lot. Whenever I try to buy an Audi I am met with an air of indifference to me and little to no interest in trying to deal on a car that the market is voting against. And this spans my interest in everything from the Audi 100 to the last couple of weeks looking at A8s. I know Audi wants to seriously compete with bimmer and MB, haven't mentioned Lexus but they obviously would like to compete with them as well, but they have a long way to go to get there IMO. I just can't point at the product as being the reason for the lethargic Audi sales. Pity.
The 7-series is in its 6th year - although it did receive a slight restyle a year or so ago. Even so, you and I both know, that in addition to residual, the newer the car in this segment (in all segments of course) the better it will do. As we have seen, BMW has not been doing the cut rate lease deals on this car like they have in the past - so not so bad keeping it in the 1,200 per month if you ask me. Still as one of the BMW loyalists on this board, if I was in the market for one of these cars the S-Class would probably get my vote although that Alpina B7 sure is sweet.....
And the fact that 12% or so of Camrys go to fleet sales does not hurt either....
#30
Lexus Fanatic
iTrader: (20)
I'm just amazed at the overall high numbers... makes you wonder how serious the 'credit crunch' that is talked about.
o/t I might be wrong, but I think a ton of all these foreclosures right now are investors who bought property not to live in on an ARM, the properties didn't go up in value so they couldn't sell, the ARM interest starts to go up, and they walk away.
o/t I might be wrong, but I think a ton of all these foreclosures right now are investors who bought property not to live in on an ARM, the properties didn't go up in value so they couldn't sell, the ARM interest starts to go up, and they walk away.