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Despite the ongoing emissions scandal and slumping U.S. sales, Volkswagen Group overtakes Toyota as the largest automaker in 2016's first half. Its sales volume raised 1,5% from the year-earlier period to 5,11 million vehicles. Of course, the scandal involving Volkswagen's diesel models has had a significant impact on sales, but the automaker's Audi luxury brand and mass-media market Skoda brand did well. This was due to the fact that consumers in Europe were less aware of emissions problems with those two brands. China, being the world's largest automobile market, ...
Ford Motor Co. said Thursday its second-quarter earnings fell 9 percent to $ 1.97 billion and warned of a “very weak third quarter,” as US demand softens and the automaker launched its redesigned versions of heavy trucks.Ford Motor Chief Financial Officer Bob Shanks said "all options are on the table" for cost cuts in Europe because of Britain's vote to leave the EU but said the company is not ready to announce any plant shutdowns in the UK. Shanks said the Brexit vote cost the company $60 million in the second quarter due to the falling value of the British pound. Fo...
We are all waiting for the July car sales report to be revealed at the beginning of August, it is expected to set the stage for a robust second half of the year in dealer showrooms, according to our monthly forecast. We consider that it will be the best July for the last 11 years. The sales for this month will reflect a 0.7% increase from June 2016 and a 0.8% increase from July 2015, it means it will result in an estimated seasonally adjusted annual rate of 17.8 million. July sales suggest that 2016 is gonna be a great month for car sales just like last year's record-setting sal...
The number of U.S. car sales is expected to increase in July and the main reason is the strength of the nation's economy. Car sales experts forecast that 1,519,576 new cars and trucks will be sold in July, which would be up 0.8% from the same month in 2015.The forecast would put July as the best for that month since 1.8 million sales were registered in July 2005. July’s figures would also put full-year sales at 17.8 million. The car sales data will be released by the automakers next week. Car sales are considered to be a reliable indicator of strength of the U.S. economy. Customers a...
All of the recent calm in global markets owes a lot to the U.S. consumer, with rising retail sales which helped on becoming the world's largest economy in June. Even so, we've got a very weak spot now and speaking about that we mean- slowing car sales, it's unclear now which market segment will pick up the slack. The U.S. consumption revelations show that car industry is at its peak now, which means it's in trouble. As you can see on the charts from the pictures, U.S. retail sales represent 20% of overall spending, after groceries at 13%. Demand ...
