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General Motors aims to keep reducing the flow of vehicles from its plants to U.S. rental lots at least through 2018, continuing a strategy that has helped the automaker's North American operations pile up more than $26 billion in profits under CEO Mary Barra even as its overall market share keeps sliding. Alan Batey, GM's president of North America, said that sales to daily-rental fleets would fall by about 50,000 units this year and an unspecified amount in 2018. That would represent four straight years of declines for GM's rental deliveries, which already dropped from 16.1 percen...
Just in case you were wondering about McLaren switching to the SUV market, now we know for sure that this thing won’t happen anytime soon. The company will continue working on driver’s cars and GTS cars. More and more SUVs are being introduced by more and more manufacturers at the moment, some of which are arguably just trying to soak up the market demand and go with the trends. McLaren Automotive isn’t looking that much at increasing its sales figures, as it is focusing on quality first. So far this year McLaren sales in Australia are up by almost 150 per cent yea...
Total US auto sales in May stood at 1,51 million vehicle units, which is about 0.5 lower than the car sales in US last year for the same month. Still, the May US auto sales figures were much stronger than its ~1.42 million vehicle units sold in April 2017. In May 2017, the US small car sales fell 9.3% YoY (year-over-year), while US truck sales rose 6.0% YoY. Weak small car sales were the primary reason for the overall lower US auto sales in May. US auto sales have dropped 2.0% YoY in the first five months of 2017 to ~6.98 million vehicle units. The US is the largest auto market in N...
Analysts are lowering estimates for 2017 vehicle sales after five months of industrywide deliveries declining from a year earlier. Among the reasons: automakers are showing more restraint on discounts than expected and gridlock in Washington reduces the likelihood of a second-half surge. Analysts reduced their full-year projections this spring, dialing the consensus back to 17.2 million light vehicles. The industry set a record with 17.55 million cars and light trucks sold last year, aided by a jump in shipments to rental-car companies and other fleet buyers. The auto industry has b...
People say everything beautiful comes to an end, this might sound not so optimistic, but considering the thing that the US auto sales boom is over, these words might be true. The sales pace for May came in under 17 million for a fourth consecutive month, signaling that another record year is unlikely. The best case is that 2017 will match 2016's 17.55 million. A pace of 18 million hasn't looked probable for some time, and in any case after two boom years, a jump of 500,000 vehicles sold by the end of 2017 would be a very hot market indeed. Specialists say that if we wan...
