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Detroit automakers are pushing new investment in U.S. production of trucks, crossovers and SUVs to tap into the higher profit margins these vehicles yield. They make an awful lot of money. Automakers spend about the same amount to make a vehicle, whether it’s a crossover or truck or sedan. Yet a full-size pickup truck has an average transaction price of almost $40,000. A large SUV has a transaction price of $58,000 and even a mid-size crossover moves off the dealership at nearly $35,000. But the average transaction price of a compact sedan is less than $19,000 and a mid-size ...
Ford Motor Co. is expanding its customer service division with a new Omnicraft brand of aftermarket parts to cover non-Ford and non-Lincoln vehicles. It has been claimed that the addition will allow dealers to service between 85 and 90 percent of competitive makes, generating more business. It’s the first time the automaker’s service division has added a new brand in 50 years. Now, owners of non-Ford vehicles have access to quality parts at a competitive price, backed by Ford and installed by Ford’s world-class certified technicians. Ford will immediately roll out ...
It seems like after all these years or car sales growth, tough days are coming for automakers. The previous success starts working against them, it means car costumers have bought so many new cars in the last years that they have a very low interest in them right now. A glut of used vehicles has started to depress prices. That trend will intensify as Americans will return 3.36 million leased cars and trucks this year, another jump after a 33 percent surge in 2016. The fallout has already begun, with Ford Motor Co. shaving $300 million from its financial-services arm’s profit f...
The car market is supported by the stronger global economic growth, and the car sales are showing steady growth. Gains are expected to continue, of course the top will be reached more slower compared to the last few years, but the most important thing at this step is that another annual record is coming. Increased replacement demand in the U.S. will be complemented by a renewed sales upturn in most emerging markets; however, China is the exception, with an expected slowdown. In the United States, we see increased replacement demand, growing consumer confidence and attractive financi...
BMW is starting to produce model year 2017 diesel-powered vehicles earmarked for the US. Oil-burning variants of BMW's 3 Series sedan and wagon as well as diesel versions of its X3 and X5 SUVs may soon hit these shores. Diesel models such as the 328d Sedan, 328d Sports Wagon, X3 xDrive28d, and X5 xDrive35d will start production "shortly." Last July the EPA said it would delay BMW diesel sales in the US because US regulators were taking longer than expected to certify the vehicles. BMW confirmed that certification for the 2017 model year 328d Sedan, 328d Sports Wagon, ...
