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U.S. auto sales did disappoint a lot as we told you în our previous article: U.S. April car sales decline deeper than expected. You knew about projections of 4% decrease and 3.1% decrease coming from major companies but even so it’s hard to understand what exactly happened with the car market industry. Here's how major foreign automakers fared: Toyota1st Projection: -4.8%2nd Projection: -4.8%Actual results: -4.4%The Japanese automaker sold 201,926 vehicles in the U.S. in April. The company's namesake Toyota brand recorded a 3.5% sales decrease, whi...
We knew that when automakers will reveal their April car sales the results will be disappointing, but we had no idea the sales will be this low. The auto industry might be receding from its breakneck pace, which means the chances of getting a third consecutive year with positive results are not so high. Overall, the industry reported a 4.7% sales decline to 1.43 million units. General Motors, Ford, Fiat Chrysler and Nissan each reported deeper-than-expected sales declines for the month. Toyota narrowly edged expectations, but it still recorded a 4.4% decline for the month, compared ...
Another year-over-year decline in the automotive industry. This April wasn’t that successful as automakers and dealerships wanted them to be, and this is why we have such low car sales predictions. Declines will be broad-based, with General Motors, Ford, Fiat Chrysler and all other major automakers expected to report lower sales. Meanwhile, Tesla shares soared to a record high Monday ahead of the electric vehicle maker's earnings Wednesday. April auto sales will likely come in at a seasonally adjusted annual rate of 17.1 million, down 1% vs. a year earlier. But that would ...
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...
China's Zhejiang Geely Holding Group has delayed Lynk & CO's sales launch in Europe and the United States because it needs more time to establish a company-owned dealership network. Alain Visser, Lynk & CO's senior vice president of marketing and sales, said that they will start in Europe between the first quarter and the first half of 2019 and enter the U.S. some months later. Originally, Lynk planned to debut in both markets in late 2018, starting with sales of the 01 compact crossover. Volvo Car Corp.’s sister brand also revealed this week that Berlin a...
