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More information on the Tricolor sinking Posted by Gordon [Email]  (#97) [Profile/Gallery]
(more from Gordon) on Wed, 15 Jan 2003 12:53:07
In Reply to: Saab/Volvo boat sinks?, UnderDog, Wed, 15 Jan 2003 12:08:48 Members do not see ads below this line. - Help Keep This Site Online - Signup |
Hi Board Members,
Here is some more information regarding the sinking of the Tricolor on December 14th. 358 Volvo XC 90's on board and the majority of the loss was Volvo cars.
Yours,
Gordon
Sinking sends car dealers scurrying
Retailers try to keep buyers whose vehicles were lost at sea.
Add shipwrecks to the list of things that can go wrong with launching a car.
The Dec. 14 sinking of the ship Tricolor -- in a thick, English Channel fog -- hit Volvo Cars of North America just as it began sales of its first sport-utility, the XC90.
The ship was carrying nearly 3,000 U.S-bound Saabs, BMWs and Volvos - including 358 XC90s. U.S. dealers have accepted deposits for about 9,000 XC90s but so far have delivered only 290 in October and 881 in November.
"This will add to the waiting list," said Michael Lazarus, executive vice president of group operations for Long Island Automotive Group, which includes BMW and Volvo stores in Massapequa, N.Y. At the current rate, 358 vehicles represents about two weeks worth of sales, when the waiting list is already months long.
"There was a loss of about 360 cars among about 360 dealers," Lazarus said. "I'm sure some guys will scream about the loss of one car, but we will share the pain; the factory will reallocate some cars."
At full production, the company expects U.S. sales of about 3,000 XC90s a month. That would make the XC90 Volvo's biggest seller in the United States.
Volvo lost 2,020 U.S.-bound vehicles - about 70 percent of the ship's cargo - including 637 S60 sedans. As of Dec. 1, Volvo reported a 56-day supply of cars in the United States, down from 95 a month earlier.
Jim Henry Automotive News
posted by 63.202.18...
http://www.diversmarket.com/News.asp?NewsID=158
, Wed, 15 Jan 2003 12:53:07 <-- Viewing This Message
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