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If you want to analyse the US green car sales for November, you first have to start with the fact that Volkswagen stopped selling its diesel vehicles for a year now. That means that, statistically, demand levels for hybrids, plug-ins and diesels in November could finally be measured on an even playing field for the first time in 2016. But there's more to the story of what was easily this year's most impressive month for green-car sales. Americans bought more than 39,000 green cars in November, marking a 26-percent surge from a year earlier. For comparison purposes, October a...
Analysts didn't expect light vehicle sales will be this strong this November. The annualized selling rate adjusted for seasonal trends reached 17.8 million, the second-fastest pace of the year. While that pace is off from 18.1 million a year earlier, it’s faster than any analyst estimate in surveys. The average projection was for a 17.5 million rate. Automakers’ results released are giving investors new evidence to determine whether the industry’s expansion is coming to an end after a record 2015 -- or if there is more room for economic-driven growth. Concerns ...
U.S. car sales rose more than we were expecting it will be in November, we had an increase of 3.7% of the industry sales, it shattered a record for the month that was set in November 2001. Auto sales rose at a seasonally adjusted annual rate of 17.87 million. Economists had estimated that sales rose at a 17.7 million rate. The sales were aided by two extra selling days from a year ago and fueled by Black Friday promotions and while there was concern about shaken consumer confidence after Donald Trump was elected president earlier in the month, car buyers apparently did not hold back.&nbs...
General Motors unveiled its semi-autonomous "Super Cruise" system to allow drivers on highways to let the vehicle take over driving itself. In case if the road has too many twists and turns or the vehicle detects the driver is not paying attention, it issues a series of alerts. If the human driver does not take over, the vehicle will automatically slow down and then put on the hazard lights. GM, which initially planned to unveil the technology on the CT6 in late 2016, said in January it would not unveil Super Cruise until 2017. The U.S. National Highway Traffic Safety Admi...
Although stores selling the Lexus, Audi, Infiniti and Acura luxury brands are seeing double-digit profit declines this year, profits at Toyota and Honda dealerships are growing. Nissan and Acura dealers experienced the biggest declines. Alan Haig, president of buy-sell advisory firm Haig Partners in Fort Lauderdale, Fla, said that this is the first time such data has been published. He claims that this visibility into earnings will give owners, buyers and sellers insight into what they should be doing. He also added that this can also spark conversation between dealers and automakers on w...
