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The 2019 Chevrolet Silverado 1500 has been in the news a lot recently for many good reasons, among them its upcoming arrival at dealerships. But is it possible for the new Silverado to surpass F-150 in sales? Anything is possible, only if they use the right strategy. According to Automotive News, Chevrolet has literally “restructured” its full-size pickup truck is not only design and materials but also its lineup range. What was lacking before is now present. For example, for 2019 there will be three new trims to help expand the Silverado’s market share. These new ...
It was back in 2011 when the Nissan Juke launched in the US. Many did not know what to make of the funky-looking small crossover with its frog eye-like front-end design and, at the time, unusual proportions. In 2018 just about everywhere one goes a Juke can be spotted on the road. Automotive News reports that Nissan has officially dropped the subcompact Juke crossover from its American lineup. Sales were down last year by 48 percent, compared to 2016. Its replacement is the all-new Nissan Kicks. Americans haven’t quite taken to the Juke in nearly the same enthusiastic manner a...
Mitsubishi’s operating profit reached $253.9 million in the fiscal first quarter. It means the company’s profits jumped 36% in the latest quarter as the automaker's rebound gathered speed on rising sales in every key market.The robust results were buoyed by new vehicles such as the Eclipse Cross and Outlander PHEV crossovers in the United States and the Xpander MPV in Southeast Asia. Looking ahead, Mitsubishi kept its earnings outlook unchanged. It expects worldwide operating profit to increase 12 percent in the current fiscal year ending March 31, 2019, while net income inches...
Audi is happy to report that its SUV models are selling very well this year. Since the beginning of 2018, the German car maker has delivered approximately 287,500 models from its Q crossover and SUV lineup, which translates into 36.6 percent of its total sales. By 2025, the brand estimates that SUVs will become the most important sector for Audi, accounting for more than 50 percent of its deliveries. Simply put, by that year, one in every two new Audi vehicles will be an SUV. Interestingly, this target is already achieved on the North American market, where the Q models account for ...
For car dealers, a sunny sales outlook at the start of 2018 has been overshadowed by rising interest rates, shrinking customer budgets and cost increases. Their optimism for the next quarter lost 14 points to just 56 on a 100-point scale, according to the Cox Automotive Dealer Sentiment Index. The report, based on a survey of more than 1,000 independent and franchise car dealers from April 30 to May 14, shows prospective buyers grappling with tight finances despite a Republican tax cut that many sales executives had expected to boost consumer spending. The biggest challenges they re...
