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Pickup trucks are those vehicles used primarily as work but not anymore. It could have happened until the 1950s when consumers used to buy pickups because they needed to use them in work, now they buy them because they love them. The pickup truck is now the top-selling vehicle in the United States. Domestically, the three top-selling vehicles for the month of January are all trucks. The Ford Motor Co. F-Series took the number one spot, with nearly 60,000 vehicles sold last month. Chevrolet Silverado from General Motors Co. (NYSE: GM) sold 35,553 vehicles and the Fiat Chrysler Automo...
We’ve got a new forecast for you, before the real car sales results get revealed at the beginning of March. Expect for the auto market to sell 1,331,787 new cars and trucks in the US this month. This will be a 17% increase from last month, but a 1% decrease from February 2016. Also it was estimated that approximately 3.4 million used vehicles will be sold in February, compared to 3 million last month. The long Presidents' Day holiday weekend undoubtedly contributed to the increase in sales from January. Typically, the holiday boosts sales volume by 20% compared to an avera...
US car sales declined during January, we think the reason is pretty obvious: high incentive in December, low sales in January. Even so, the analysts are pretty sure that vehicles sales last month showed good results, and it won’t be the same for February. Customer confidence, better deals on vehicles and low gasoline prices will raise the demand for vehicles once summer sets. The seasonally adjusted annualized sales rate stood at 17.6 million vehicles for the month as compared with 17.9 million vehicles from the last year. Here's a detailed look at the auto sales of the automake...
We’ve had a lot of signs that the electric car market has been rising for a lot of time, and its shares have risen through 2016 even more, but now we know that they shot up by 37%. We’ve got approximately over 30 battery-powered and plug-in hybrids offerings on the market, that’s like 159,139 vehicles for the US. It’s the 70 percent year-over-year increase in monthly sales, which helped build the momentum to stronger overall sales. Of course, the sales jump by 37% comes following a five percent decline in sales from 2014 to 2015. The slight increase has spurr...
The Indian multinational automotive manufacturing company Tata Motors reported a 96 percent fall in net profit for its third quarter, citing sharply lower earnings at its British luxury automaker Jaguar Land Rover and losses in its domestic business. Consolidated net profit for the three months to Dec. 31 fell to 1.12 billion rupees ($16.7 million) from 29.53 billion a year earlier. Total income from operations fell 4.3 percent to 685.41 billion rupees. Retail sales of its Jaguar sedans and Land Rover SUVs rose 8 percent to 149,288 vehicles in the three months through December from ...
