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Predictions for the 2017 global light vehicle sales say that they might reach 93.5 million units, that’s a growth rate of 1.5% over 2016. But even so, industry risk in mature markets is at the highest level it has been since the Lehman Brothers collapse and global industry downturn from 2008 through 2010, and will be a key factor for the near future. Engine propulsion options are expected to have an influence as well. Political uncertainty could cause a significant rift in light vehicle sales both in the U.S. and Europe, as both regions are undergoing fluctuations in policy, l...
After limited availability of Lexus models which led to a 26 percent fall in sales last month, we have realized that the carmaker is really short on supplies. It keeps on getting better this month, at least that’s what the general manager of Toyota’s luxury brand is trying to convince us about. Even so we’ve heard that the supplies won’t normalize until March. Bracken said Lexus sold so many units in December that it went into the new year strapped for utility vehicles such as its top-selling RX, leading to a softer January than expected. Lexus sold 15,572 ve...
Detroit dreams of a day when American cars on Japanese roads would be more visible. Considering Japanese cars take a wide portion of US car market, why is it so hard for American car brands to do the same on Japanese market? American auto executives and trade negotiators and has become a renewed source of political friction under President Trump. Trump accuses Japan of shutting American producers out, by throwing up regulatory barriers and rigging the currency market in favor of Japanese brands. Such talk is alarming in Japan, where the auto industry is a pillar of the economy. When...
Daimler AG’s Mercedes-Benz jumped out to an early lead in the race for U.S. luxury car sales supremacy, posting a record January after winning the crown last year for the first time since 2013. Mercedes sold 25,527 cars and light trucks in the U.S. last month, a 3.5 percent increase from a year earlier. Following a year in which premium car models lost market share to light trucks, the brand scored significant gains with sedans last month, as the C-Class jumped 27 percent and E-Class surged 49 percent. Dietmar Exler, chief executive officer of the Atlanta-based U.S. unit, clai...
If economists and remarketing experts are correct, 2017 will finally be the year of significant declines in used-vehicle prices. It's a trend that has been a long time coming. Similar predictions were made in 2015 and 2016 by those same experts. Instead, used-vehicle prices held relatively stable at or near record levels for the past few years. Various indexes that monitor used car pricing showed slight dips in used values last year, though they remain well above pre-recession levels. Strong demand for new and used light trucks, a growing market for certified pre-owned vehicles ...
