qr-play-store play store

The car industry reveals the highest sales since 2005

03 Oct 2017
No comments
362 views
The car industry reveals the highest sales since 2005

Many drivers scrambled to replace their flood-damaged cars in the past six weeks, as a result the seasonally adjusted annual sales rate for all U.S. light vehicles hit 18,57 million units last month. That was up from 16.14 million in August and well above 16.0 million forecast. It was the highest sales rate since July 2005.

 

 

While U.S. sales rose beyond the storm zones, according to automakers and dealers, much of the September gains came after Hurricane Harvey hit Texas. Replacing cars during the recovery in southeast Texas and Florida will boost U.S. new and used auto sales through at least November, according to industry consultants. General Motors Co stock rose more than 3 percent to its highest level since its 2010 post-bankruptcy initial public offering, and Ford Motor Co closed up more than 2 percent at $12.34. GM’s sales jumped nearly 12 percent versus September 2016 as a 43 percent increase in sales of crossovers and a 10 percent rise for pickup trucks offset an 11 percent decline for passenger cars.

 

 

Ford sales rose 8.7 percent in September, with those to consumers up 4.4 percent and lower-margin fleet sales up 25.1 percent. F-Series pickup truck sales soared 21.4 percent, benefiting from the popularity of pickups in Texas.

0 0
Comments:
No comments found
Leave a comment
  • Jaw-dropping deals this Spring at RepoKar
    27 Feb 2017

    Spring is right around the corner! With melting snow comes rising car sales. Longer days and brighter sunlight mean it’s the season to think about the best used cars for spring; vehicles that allow you to appreciate blue skies, while getting a head start to summer. The sooner you decide on your dream car, the greater the possibility of finding the best deals.  At RepoKar, we want to be sure that you've got everything you need to start the season fresh with a smile on your face. That’s why we’ve prepared amazing, hassle free used cars, trucks, and SUVs for our fr...

    0 1
    3706
    855890 views
  • General Motors to lay off 1,100 workers
    06 Mar 2017

    General Motors promised us other things but that’s how it all turned to be, even if it said it will invest $1 billion in U.S. factories now it announced to temporarily cut off 1,100 workers in May as its Lansing Delta Township assembly plant in Michigan shifts production to Tennessee. Last year it added 800 jobs at its spring hill, Tennessee plant to build the new version of GMC Acadia SUV.  The Lansing plant will continue building the Buick Enclave and Chevrolet Traverse after it retools for a month. GM also has announced other U.S. factory cuts. U.S. President Donald Trump ha...

    0 0
    16
    102066 views
  • Ford is planning to end North American production of Fusion
    15 Dec 2017

    Ford Motor Co. plans to end North American production of its Fusion midsize sedan at the end of the decade. The automaker has begun informing suppliers that it will not build the next-generation Fusion at its plant in Hermosillo, Mexico, where the car is currently made. It’s unclear whether Ford would stop selling the Fusion in the U.S., replace it with a different vehicle, or build it elsewhere. A spokesman declined to comment.  The car will not be shipped to the United States from China, Ford said Wednesday, denying a Reuters report that the automaker would consolidate global...

    0 0
  • Audi of America marks November sales increase
    12 Dec 2017

    Audi of America, a unit of AUDI AG, reports a November sales increase of 12 percent to 19,195 deliveries, as the Q7, new Q5 and the new-to-the U.S. A5 Sportback, lead consumer demand.  Consumer demand for the new Q5 and Q7 helped drive November's sales increase. Deliveries of the Q5 were up 31 percent to 5,467. The Q7 deliveries increased to 3,292, and have now increased 23 percent year-to-date. SUV sales for Audi increased 23 percent to 10,351.  The addition of the A5 Sportback to the A5 Cabriolet and Coupe lineup has brought total sales to 2,243 over last November. Sa...

    0 0
Search on the blog
Find us on

Last added auctions

2004 BMW 3 SERIES
9 views
20 photos
4,600.00
No bids
2006 Toyota TUNDRA
17 views
15 photos
5,200.00
No bids
2007 Ford FOCUS
33 views
19 photos
3,100.00
No bids
2008 Toyota 4RUNNER
41 views
17 photos
8,803.00
4 bids