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Heading into the final 2 months of the year, we’ve got some records on the line for the U.S. automotive industry. Japanese automakers are battling for the titles of America’s best selling cars and crossovers, and the overall industry could record a third straight 17 million-unit year for the first time ever. The overall industry this year has shown some restraint on incentives, but spending has steadily increased amid leveling average transaction prices. Expect incentive spending for the year to be up 11 percent through October to an average of $3,624 per vehicle, includi...
The hurricane recovery and the strong truck and SUV sales weren’t enough to keep the U.S. car sales high in October. Sales for the month fell 1.3 percent compared with a year ago as slowing demand made it almost certain that 2017 will be the first year with declining sales in seven years. Full-year sales almost certainly will fall below last year's record of more than 17.5 million, although most analysts say demand is still healthy. Automakers reported selling 1.35 million vehicles for the month. Ford, Honda, Nissan, Toyota and Volkswagen all reported gains for October on ...
A new coalition off major automakers, suppliers and auto dealers is being launched, it will try to urge President Donald Trump not to withdraw from the North American Free Trade Agreement. Nearly every major automaker is part of it: General Motors, Toyota Motor Corp., Volkswagen AG, Hyundai Motor Co., Ford Motor Co. and few others. They are backing an advertising campaign to convince the White House and voters that the agreement has been crucial in boosting U.S. automotive sector production and jobs. Trump has threatened to withdraw from the trade deal with U.S., Canada and Mexico, which ...
Based on costumer reports Toyota and Lexus rank the top 2 brands for reliability for the fifth year in a row. The rankings of the remaining 25 brands reflect a game of musical chairs, however. Consumer Reports' 2017 Auto Reliability Survey found "growing pains" among automakers with new and updated cars and light trucks, with "wonky" engines and "jerky" eight- and nine-speed and continuously variable transmissions, as well as infotainment systems, among the top problems. The magazine said its survey shows some but not all automakers are quick to res...
About 310,000 Sienna minivans are recalled by Toyota Motor Corp. in the U.S.. The carmaker will work on fixing shift levers that could move out of park, perhaps causing the vehicle to roll away. The recall affects 2005-07, 2009 and 2010 Siennas, the automaker's North American unit. "Grease inside the shift lever assembly could transfer to other internal components," causing them to malfunction, Toyota said. The problem may cause the shift lever to slip out of park without the brake being pressed. This could cause the vehicle to roll away and may lead to a crash. The company ...
