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After three consecutive declines, automakers managed in November to make the largest year-over-year sales gain since February, posting a 3.6 percent gain. However, it took a big jump in incentives to make that happen. Those heavy incentives – now amounting to more than 12 percent of the industry's average transaction price – might be enough for 2016 to topple last year's record by a razor-thin margin. Going into December, U.S. sales were just 6,418 vehicles ahead of last year's pace, an increase of 0.04 percent. November and December have become big months fo...
U.S. car sales rose more than we were expecting it will be in November, we had an increase of 3.7% of the industry sales, it shattered a record for the month that was set in November 2001. Auto sales rose at a seasonally adjusted annual rate of 17.87 million. Economists had estimated that sales rose at a 17.7 million rate. The sales were aided by two extra selling days from a year ago and fueled by Black Friday promotions and while there was concern about shaken consumer confidence after Donald Trump was elected president earlier in the month, car buyers apparently did not hold back.&nbs...
U.S. District Judge Charles Breyer on Tuesday delayed a court hearing set for Wednesday on Volkswagen Group's plan to address 80,000 polluting Audi, Porsche and VW 3.0-liter vehicles. In a court order, Breyer said negotiations are continuing between the German automaker, regulators and lawyers representing owners, and he set a Dec. 16 hearing, saying he had been advised that a delay "may produce a resolution of the outstanding issues." VW had reached an agreement with U.S. regulators for a mix of buybacks and fixes for the 80,000 vehicles, but still needed to reach agreement on o...
Ontario plans to become the first province to allow self-driving vehicles to be tested on public roads. Testing of autonomous or self-driving vehicles can begin as early as Jan. 1, as Ontario seeks to grab a share of the billions of dollars auto makers, parts companies and technology giants are spending to develop cars that drive themselves. The province’s move will create better opportunities for Canadian companies to test components and show automakers their technologies. The prospect of self-driving cars was believed to be decades away, but tech companies and automakers are...
General Motors unveiled its semi-autonomous "Super Cruise" system to allow drivers on highways to let the vehicle take over driving itself. In case if the road has too many twists and turns or the vehicle detects the driver is not paying attention, it issues a series of alerts. If the human driver does not take over, the vehicle will automatically slow down and then put on the hazard lights. GM, which initially planned to unveil the technology on the CT6 in late 2016, said in January it would not unveil Super Cruise until 2017. The U.S. National Highway Traffic Safety Admi...
