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Although stores selling the Lexus, Audi, Infiniti and Acura luxury brands are seeing double-digit profit declines this year, profits at Toyota and Honda dealerships are growing. Nissan and Acura dealers experienced the biggest declines. Alan Haig, president of buy-sell advisory firm Haig Partners in Fort Lauderdale, Fla, said that this is the first time such data has been published. He claims that this visibility into earnings will give owners, buyers and sellers insight into what they should be doing. He also added that this can also spark conversation between dealers and automakers on w...
Tesla is keeping up with its ever-expanding ambitions, even though it faces lots of obstacles, and has lots of competitors it knows how to build a product, and how to sell it. Its model S sales jumped 59% over the same quarter last year, which means it increases its importance between other luxury cars. The carmaker may keep its sales results confidential, but one thing it still reveals, that Tesla is responsible now in the U.S. for almost a third of sales in the sedans' segment. Its nearest competitors are the newly updated BMW 7-Series and the Mercedes-Benz S-Class. Spokespeople for...
Ford has reported a 9% drop in second quarter last week, this is how the auto industry analysts got scared that car sales will slow down after 7 years of prosperity. Now the official U.S. sales have aired and it seems that the industry has really reached a plateau. Company July 2015 July 2016 % Increase Fiat Chrysler A. 181,081 181,538 0.30%Ford Motor Company 222,014 215,268 -3.00%General Motors 272,512 267,258 -1.90%Mazda North America 27,157 27,915 2.80%Honda Motor C...
Experts say that the American automotive industry is on pace for a second consecutive year of record sales in 2016. June sales were up again, even if the speed of the sales growth slowed: new car and truck sales in the United States through June were up 1.5 percent.Passenger car sales are down 7.5 percent through June. The sales are being driven by hot-selling pickups, sport utility vehicles and crossovers. Through the first half of the year, light-duty trucks, which include some SUVs and crossovers, accounted for about 58 percent of sales. Analyzing the results of this fi...
Mitsubishi Motors and Nissan will resume the sales of the cars that were embroiled in the fuel efficiency scandal, after the Japan's Land, Infrastructure, Transport and Tourism Ministry officially allowed it. These news concern more precisely the eK Wagon, eK Space and the Dayz and Dayz Roox models Mitsubishi manufactures for Nissan. Mitsubishi has submitted revised mileage results that were already based on current parameters issued by the ministry. The authorities decided to issue the automaker a stern reprimand, after checking emissions, which passed the ...
