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We already know that the first half of 2016 has been a mixed bag for U.S. automakers with total car sales in the first seven months reaching 4.253 million, a decline of 7.7% compared to last year, and light-duty truck sales increasing by 9.1% to reach 5.913 million. General Motors has sold 1.706 million cars, a 4% drop compared to last year while Ford saw its sales grow by 3.3% to reach 1.560 million. Ford’s jump in sales can be directly attributed to the company’s above-average performance in the light truck segment. Overall passenger car sales has been slow, with sever...
As it was revealed after, US markets didn't do much in Friday's trading session. Weakness in US retail sales is already being felt, from an economic perspective the retail sales data wasn't to healthy. Sales for the month of July were flat, against expectations of a 0.4% gain. Excluding car sales, retail spending dropped 0.3%. The US car market looks like is betting it will never get to the end of it. There are always reasons for “data-dependent” to hold off. That is the reason why stocks are trading at-all time highs, even while the economy limps along like ...
Hillary Clinton has made a distinction between her and Donald Trump, her rival for the U.S. president post. She has painted herself as the person who fights for income fairness and middle-class workers. The Democratic lady told to the crowd of 500 people at the Futuristic Tool and Engineering event that she plans to invest in infrastructure, offer new tax credits, encourage corporate profit-sharing and paid apprenticeships. She promised she will do wherever it takes to bring the U.S. auto companies back, which are investing outside of the country in order to avoid the huge taxes, by...
The total value of automotive supplier deals in 2015 and 2016 was $74.4 billion, according to data compiled by Bloomberg, with each of those years far exceeding the $17.7 billion annual average in the previous 10 years. The driving force behind the wave of consolidation is the pressure to keep up with the shift toward autonomous driving that started about five years ago. Suppliers need the know-how to help cars see their environment much as a human pilot would, which means sensors, cameras and radar, plus the computing power to comprehend the waves of data and share some of it, like traff...
There is still much space for the US auto sales to grow. Many car industry leaders have expressed their worries that the six-year expansion is about to lose steam. The analysts believe that the peak has passed, but car makers are still not ready to accept that. The seasonally adjusted, annualized rate of sales, a broad measure of the industry's health, peaked at 18.15 million light vehicles during the current cycle in October 2015. The pent-up demand following 2008-9 downturn has been exhausted, at least that's what economists think. Because of that they have predicted an anticipa...
