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The Honda Civic broke a July sales record set in 2013, rising 5.8 percent on sales of 32,952 units Accord sales again topped 30,000 units, keeping sales of Honda's three core models on track to top 1,000,000 units for the fourth consecutive year. Increases for both Fit and HR-V topped 25 percent in July while Pilot gained 8 percent. Pilot and HR-V also were up as Honda trucks set a new all-time sales mark for the month. The new Civic continued its remarkable run with another record month in July. CR-V sales rose to an all-time monthly record of 36,017 sales in July, an increase of 13.3 per...
The U.S. automotive industry has been through a rough few years filled with massive recalls, congressional hearings, record fines, and allegations, at times, of a careless, shoddy approach to safety. Still, this does not prevent them to buy cars and trucks at record levels and at record prices. John Humphrey, senior vice president of J.D. Power’s global automotive practice, said that the number of recalls is very big and yet the industry is selling more cars than ever. Legendary consumer safety advocate Ralph Nader said that the cars are much safer, less polluting, modestly f...
Last year the U.S. auto sales set an all-time record for the first time in 15 years. The slow but steady economic recovery, low interest rates and depressed gas prices managed to make the 2015 economic environment a carmaker's dream. Unfortunately, this dream may morph into a full-fledged nightmare in just a few short years at least for members of the industry establishment like Ford Motor Co. (ticker: F), General Motors Co. (GM), Honda Motor Co. (HMC) and Toyota Motor Corp. (TM) If we take a look at the U.S. vehicle sales in 2016 thus far, we'd see no particular reason to p...
Hyundai Motor Co. and its smaller affiliate, Kia Motors Corp., saw their combined U.S. sales rise by more than 6 percent in July, thanks in large part to strong sales in sport utility vehicles. The two South Korean auto giants sold 134,972 units in the U.S. market last month, up from 127,324 units in the same month last year, exceeding the country’s automobile industry average growth rate of 5.3 percent. Hyundai reported that its sales rose 5.6 percent from last year to 75,003 while Kia reported a total of 59,969 units, up 6.4 percent compared with a year ago. Both automakers ...
It's not a secret that the auto sales cycle may be turning stormy. Still, that doesn’t mean it is time to batten down the hatches. For those with a little faith in the future, Nissan Motor looks like a bargain. The U.S. auto sales appear to have downshifted for now. This spells tough times for Japan’s auto makers, which count the U.S. among their biggest markets. Toyota Motor Corporation is also feeling more profit-sapping pain from the strong yen. This is due to the fact that a large portion of the vehicles it sells in the U.S. are imports from Japan. Honda and Niss...
