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In the last few years, mainstream automakers benefited from strong truck and utility vehicle sales in the US. While small car sales showcased stagnation in the country, demand for heavyweight vehicles rose in the last few quarters. It’s important to note that these heavyweight vehicles, including pickup trucks and utility vehicles, tend to yield higher margins for automakers compared to small cars. In general, heavyweight vehicles are less fuel efficient than small vehicles. Weakness in oil prices and a recovery in the country’s housing and construction market could be ...
Even as incentive spending reaches a record high, U.S. new-vehicle sales are projected to decline for a second consecutive month. The forecasts reinforce the notion that industry sales have leveled off after six consecutive years of gains coming out of the recession. But analysts say the market is not on the brink of a downturn, either. Auto sales are tracking just about even with last year’s record-breaking pace, so there’s good reason to believe that they’ve hit a high plateau. At the very least, automakers can feel good that sales are consistently hovering at o...
Bulk sales to fleets and a record level of discounting have softened the blow, but underperforming retail demand is catching up with U.S. auto sales this month. Forecasters expect a modest decline in sales for the month of September – say, down less than 1 percent. That should put year-to-date sales roughly dead even or possibly slightly lower than a year ago. U.S. automakers will report September sales on Monday. At the end of 2015, most analysts expected another record year for U.S. auto sales. That could still happen, but it’s looking less and less likely unless autom...
Considering the growth in auto industry has slowed down in 2016, and U.S. sales for General Motors and Ford were down 5.2% and 8.4% in August, comparing to the same month last year, the car companies aren’t accepting the downturn passively: to juice sales in September, incentive spending is at the highest levels ever. Automakers have been trying to boost sales by increasing incentives significantly. The average incentive in September is at a record high of $3,923 per unit. The beats the previous peak of $3,753 in December 2008- back when the Great Recession was kicking into fu...
Several models of the Tesla S cars were hacked by researchers who were able to abruptly stop the car in its tracks, pop open the trunk while the car was being driven, and remotely turn on and off the windshield wipers. Tesla Motors Inc. announced that it released a software update to fix bugs that allowed Chinese "white-hat hackers" to remotely break into the Model S' control system and disrupt actions including turn signals, seat positions, displays and the door lock system. Cyber-security researchers from Keen Security Lab, a unit of China’s Tencent Holdings Lt...
