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If you don't know how to raise your U.S. market share in 2016, here is the answer – you have to turbocharge fleet sales. Actually, that may be the only way in an increasingly competitive market that has hit a plateau after six years of growth. Fleet activity has defined overall sales winners and losers, according to industry sources that track bulk sales to rental companies and commercial and government buyers. Through September, major players with double-digit fleet increases posted net sales gains. Those that cut back or stood pat on fleet lost overall volume. Analysts ...
It's been not so long since Ford announced the launch on the markets of its new Lincoln Continental, and now the automaker announced that the new vehicles are being recalled. The HID headlights may have been assembled with LED lens that don't have the correct lens optics to meet federal visibility requirements for turn signals. Ford says it is unaware of any accidents related to the issue. The company will replace the headlamp assemblies, if needed. The safety compliance recall covers 1,876 Continentals built from June 14 to Sept. 23 at Ford's Flat Rock factory sou...
The Ford Mustang suffered a 32-percent sales decline in September, handing the monthly sales crown to the Chevy Camaro for the first time in about two years. The company also said it is shutting down the Flat Rock Assembly Plant in Michigan for a week as it deals with slower sales. The shutdown started on October 10th with production set to resume on October 17th. The Flat Rock Assembly Plant is in charge of making Mustangs, as well as the Lincoln Continental. As a part of Ford's labor agreements, all 3,702 employees that work on the two vehicles will continue to be paid during the shutdow...
In September 2016, 67,809 units of F-Series pickup trucks were sold with a year-over-year (or YoY) decline of 2.6%. Despite this fall, the company posted its best YTD (year-to-date) F-Series retail sales in September. As you know, the F-150 is a full-size pickup truck. The significance of these trucks is immense for Ford, as trucks typically yield higher profitability than the Small Car segment. However, Ford is not the only player in the pickup truck segment. Other automakers such as General Motors (GM), Fiat Chrysler Automobiles (FCAU), and Toyota (TM) also pose competition to th...
U.S. auto makers, responding to weaker demand for sedans and other passenger cars amid low gasoline prices, are rebalancing production at U.S. factories in favor of building more sport-utility vehicles and trucks. General Motors Co. said it plans to add 650 hourly workers in Tennessee at a plant making the GMC Acadia and the Cadillac XT5, two midsize SUVs. Idled for three years after the auto maker’s 2009 bankruptcy, the Spring Hill, Tenn., factory is playing an increasingly important role in GM’s U.S. operations. The job additions come a day after Ford Motor Co. idled a...
