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We’ve got for you a new forecast, and we are afraid it’s not a positive one. Expect the new car sales in U.S. to drop 3.1% in April to 1.445M units. Sales for mid-size SUVs/crossovers are expected to be 8%, while compact and small car sales are seen falling. Mid-size SUVs appear to have the largest impact in swaying consumers from buying mid-size cars and minivans, both of which are down 20 percent this year. The 2017 calls for U.S. auto sales might be approximately in the range of 16.8M to 17.3M units, which represents a 1% to 4% decline from last year. ...
Honda plans to invest in US, and we don’t whether it was an impact of Donald Trump’s threatens or something else, but the automaker says it wants to open an aeroacoustic wind tunnel test center in East Liberty, Ohio. It will include an interchangeable belt system with a five-belt rolling road system for production vehicles, including Honda and Acura cars and light trucks, and a single wide-belt system for high-performance vehicles and racecars. The wind tunnels “will be integral to our aerodynamic and aeroacoustic r&d activity, which spans from advanced r...
Toyota Motor Corp. executive claims that the U.S. auto market has peaked and will shrink this year, with manufacturers using unprecedented incentives to support passenger cars through slumping demand. The president of Toyota’s U.S. sales unit, Bob Carter, says that industrywide deliveries may decline to as low as 17 million vehicles from last year’s record of about 17.5 million. A rapid shift in demand toward sport utility vehicles at the expense of sedans is the main factor driving automakers’ heavy discounts. Once the industry starts to get their pipelines lined ...
Starting with October 2016, the SUV segment started to account for roughly one in every three vehicles sold. The Nissan Rogue is driving the sales, and became the top-selling nonpickup in America. Sales of crossovers since 2012 have increased 58 percent to more than 5.6 million sold in 2016, while car sales during that time declined 7.8 percent. Crossovers accounted for 33.9 percent, or 1.4 million, of the 4 million vehicles sold in the first quarter of 2017. The growth of crossovers comes as car sales face double-digit declines this year and the industry experienced a 1.6-percent f...
The U.S. auto industry turned in an underwhelming performance in March as sales disappointed despite rising discounts. The industry reported sales of 1.56 million vehicles for the month, down 1.6% from a year earlier, amid increasing inventories of unsold vehicles, especially of small cars. In the face of declining sales, now it's up to automakers to see if they can pare production of slow-selling models and reduce the profit-crushing practice of having to offer heavy discounts to clear out the backlog. Sales incentives rose 13.4% in March, compared to a year earlier, to an average of $3,5...
