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We know what a success presents the steady growth of American automobiles market, and the most important thing here is that last year auto makers have even set a record by selling more than 17.4 million new cars. Now, the consumer demand is slowly reducing after six consecutive years of rising sales, the industry might be near collapse because of the financial crisis, and car companies are put in pressured situations. The results for this month are expected to appear on Tuesday, car companies might lose their investors if the sales will be lower than the previous month. ...
All of the recent calm in global markets owes a lot to the U.S. consumer, with rising retail sales which helped on becoming the world's largest economy in June. Even so, we've got a very weak spot now and speaking about that we mean- slowing car sales, it's unclear now which market segment will pick up the slack. The U.S. consumption revelations show that car industry is at its peak now, which means it's in trouble. As you can see on the charts from the pictures, U.S. retail sales represent 20% of overall spending, after groceries at 13%. Demand ...
We guess that there is no person who has not heard about the VW diesel-emissions scandal. The company, which owns 70 percent of the U.S. passenger-car diesel market, is in major trouble for cheating on diesel-emissions tests. However, this scandal did not prevent the company to take the leading position in its sales for the first half of the year. The analyzed figures show that Volkswagen Group sold over 5 million cars and light trucks worldwide and more than any other automaker in the first half of 2016. According to the Center for Automotive Management, the carmaker sold up 0.8 p...
As you might already know from one of our previous article, FCA was reporting cheating sales for a while now. We don't know the right time when it all has started, but for sure the FCA dealerships were a part of the plan. Some of them have begun to receive subpoenas to provide documents or any proof that would show the company's reported sales weren't real. There are 2,650 U.S. dealerships which sell Fiat Chrysler's cars and it's still a secret how many of them received these subpoenas. One of these dealerships has talked about receiving subpoenas that ...
When it comes to Fiat Chrysler, we all know that the company had amazing run in the U.S., and all of us are pretty convinced. In fact, we know for sure that all of the positive sales have come thanks to Jeep sales. The only problem the brand still has are Fiat models, considering they barely topped 2,500 last month and were down 19%. Don't you consider that the cars are a waste of resources? We even think that these cars may be a huge loss for the brand in the future also, the more it goes the worse. In the first six months of 2016, 1,152,259 Fiat cars and light trucks were sold...
