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The auto industry is warning that US sales declines, which have been consistent over the past year, may continue thanks to tariffs US President Donald Trump plans to slap on steel and aluminum imports. Toyota Motor, which plans to build a new $1.6 billion factory in Alabama with Mazda Motor, said the administration's decision will "adversely impact" car companies by raising costs and prices of cars and trucks sold in the US. That's even as more than 90 percent of the steel that Asia's biggest carmaker uses in the US is from that country. Trade groups represent...
Just 200,000 plug-in electric cars were sold in the U.S. last year. Although that's the highest number yet, it's still just a little more than 1 percent of the market. Nowadays the general car-buying public at large is aware that EVs exist, but most of them consider that electric cars are not viable and practical. According to the recent data from California, the state's buyers are no more aware of electric vehicles than they were three years ago, when far fewer of them were available. This makes electric-car advocates worry that growing electric-car sales will arrive o...
If we take a look at the list of 2017's hottest U.S. vehicles, we'll see that none of them are passenger cars. Americans are fleeing passenger cars in droves. Instead, they're embracing roomy crossovers, sport-utility vehicles and pickup trucks with vastly improved fuel economy over days gone by. Here were 2017's three hottest-selling vehicles. Ford F-series: The Blue Oval automaker's marquee nameplate easily maintained its title as the best-selling vehicle in the U.S. Sales were up 9.3% for the year. With sales of 896,764 units for the year, the vehicle accounte...
Ford Motor Co. kept the title of best-selling U.S. brand of 2017. Driven by strong light-truck sales, it rose with 1.3 percent. Even if the full-year volume of sales dropped with 0.9 percent in comparison with 2016, Ford takes this position for the eighth year in a row, and the F series was America's best-selling truck for the 41st consecutive year. Here is the scale of growth and decrease of Ford brands:Ford rose 2.4% in December and fell 0.9% on the year Ford Lincoln fell 17%Ford F series up 2.1%Ford Mustang up 9.2% in the first full month for the new 2018 m...
Major automakers predicted a competitive December as they rushed to sell cars and boost their numbers before 2017 ends. Most of them posted mixed U.S. November new car sales. Now they're trying to sell down 2017 model-year vehicles, offering high discounts to consumers as the year-end nears. In 2016, the industry reported record annual sales of 17.55 million units. Discounts have been above 10 percent of the average transaction price for 16 of the past 17 months. The National Automobile Dealers Association expects new vehicle sales to decline to 16.7 million units in 2018, after...
