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Ford dealers and Ford executives sounded a typically optimistic note at this year's National Automobile Dealers Association convention here, based on record U.S. auto sales in 2016 and growing confidence that even if auto sales decline a bit in 2017, they won't decline much. Dealers are concerned about a drop in car sales as opposed to trucks, but all in all he said dealers are happy with Ford's current product lineup. They do have concerns about car models – as the whole industry does – as to what the public wants. Forecasts for 2017 call...
It's obvious that the auto industry is not able sell 17 million cars and light trucks in America year after year. At some point buyer demand will become sated. Higher interest rates will force manufacturers to offer less attractive deals. Thus, sales would begin to drop from their recent peak, which will create a set of difficult challenges for car companies that operate in the United States. A forecast for January sales predicts a dip of 3% to 1.13 million, which translates into 31,000 vehicles. Some car companies will start to be part of trends that may erode their earnings. A...
Detroit automakers are pushing new investment in U.S. production of trucks, crossovers and SUVs to tap into the higher profit margins these vehicles yield. They make an awful lot of money. Automakers spend about the same amount to make a vehicle, whether it’s a crossover or truck or sedan. Yet a full-size pickup truck has an average transaction price of almost $40,000. A large SUV has a transaction price of $58,000 and even a mid-size crossover moves off the dealership at nearly $35,000. But the average transaction price of a compact sedan is less than $19,000 and a mid-size ...
It seems like after all these years or car sales growth, tough days are coming for automakers. The previous success starts working against them, it means car costumers have bought so many new cars in the last years that they have a very low interest in them right now. A glut of used vehicles has started to depress prices. That trend will intensify as Americans will return 3.36 million leased cars and trucks this year, another jump after a 33 percent surge in 2016. The fallout has already begun, with Ford Motor Co. shaving $300 million from its financial-services arm’s profit f...
2016 was the third straight year Americans bought fewer hybrids, plug-ins, and diesels than the year before. Even so, we have all the signs for the industry to get well in 2017, and show positive sales and new records. Last year, green car sales fell about 11 percent from the previous year, to about 446,000 units. We say "about" because Tesla Motors continues to be cagey when it comes to breaking out how many of its electric vehicles were purchased in the US, while South Korea's Hyundai and its sister company Kia are among those who won't break out hybrid sales at all. 2...
