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This may surprise you, but Volkswagen has become the world’s biggest car manufacturer, overtaking Toyota in the number of new vehicles sold in 2016 despite the damage it suffered in the diesel emissions scandal. Toyota had been the biggest seller for the past four years but its 2016 sales total of just under 10.2m vehicles, fell short of the more than 10.3m cars sold by VW. General Motors is reporting its 2016 sales next week, but industry analysts said it had no chance of overtaking VW. GM was third behind VW last year and held the top spot in 2011, when Toyota’s produc...
If automakers want to increase their car sales they need to take in consideration this important tip: consumers love new products! If you offer something new in the market you must know that this is a key differentiator among other brands, who might do even better. Even high-flying brands begin to lose momentum when portfolios grow stale, he said without naming names. The industry franchise assessment is an off-the-record briefing to retail industry leaders on the condition and outlook of each brand in the U.S. Sargent declined to discuss the specifics of the 2017 review. But he ack...
It's a hard goal for the car industry in US to sell more than 17 million cars and light trucks year. Buyer demand will become sated at one point. Of course there will come the moment when manufacturers will be forced to offer less attractive deals in order to keep the customer interested, but even this strategy can't work forever. Thus, sales would begin to drop from their recent peak, which will create a set of difficult challenges for car companies that operate in the United States. A forecast for January sales predicts a dip of 3% to 1.13 million, which translates into 31...
It's obvious that the auto industry is not able sell 17 million cars and light trucks in America year after year. At some point buyer demand will become sated. Higher interest rates will force manufacturers to offer less attractive deals. Thus, sales would begin to drop from their recent peak, which will create a set of difficult challenges for car companies that operate in the United States. A forecast for January sales predicts a dip of 3% to 1.13 million, which translates into 31,000 vehicles. Some car companies will start to be part of trends that may erode their earnings. A...
After Trump shared with us his angriness towards GM building a new plant in Mexico, we've been waiting for the American automaker to answer, and the wait is over. General Motors is gonna invest $1 billion along with 1,500 new jobs in US. In addition to the $2.9 billion investment the company announced in 2016 and more than $21 billion the company has invested in the U.S. since 2009. GM also said it will start moving axle production for its pickup trucks in the U.S., including work previously done in Mexico, to plants in Michigan. The company expects that move will create a...
