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The U.S. auto sales have been told to slow down this year after 7 years of great results, but even so the car manufacturers and dealers have high expectations, and best hopes for 2016. The sales may have reached its peak but that doesn't mean they slowed down, they say, and they brought up good arguments on that considering Americans buy lots of vehicles nowadays. A newly released report has not that great forecasts on U.S. light vehicle sales for 2017. The specialists say that sales will go down to 17.5 million in 2017, down slightly from this year's 17.8 million forecast. ...
As we've wrote earlier the U.S. auto sales have been weaker this year than expected, we felt it good after the May sales results got revealed and it seems like only GM will have a sales growth going forward, while the rest of the car manufacturers seem to go weaker. Many consumers are focusing on leases and that might be the main reason why auto sales cooled down this much and are only higher by only 1.8% year-to-date.The Bank of America Analysts are concluding that the auto industry is entering the top of the eighth inning. One of these analysts named John Murphy says that the ...
BMW AG is going to revive North America output of its best-selling U.S. model, at the same time it will begin producing the next-generation 3-series sedan in a new factory in Mexico starting in 2019. The company will probably build another vehicle, but first of all it plans on making 150,000 3-series cars. Yes, if you're thinking about the money than you're right, the company had to invest $1 billion which was its first step to planting the root in the second North American manufacturing hub. You have probably observed already that the 3-series was one of the best selling lu...
It's been not so long since we've wrote about Cadillac ending its Donald Trump sponsorship and PGA's World Golf Championship deciding to move in Mexico. In fact it's been just a few days since then, and U.S. Republican presidential candidate is already responding at this move. Mr. Trump criticized General Motors for investing in Mexico. His campaign speeches say for itself, the presidential elections candidate suggests that Ford Motor Co. would back down from plans to expand in Mexico or face a 35% tariff on vehicle expands. Ford isn't the only ...
Reid Bigland, FCA Canada CEO and head of FCA’s U.S. sales, was named Tuesday to steer global sales of luxury brands Maserati and Alfa Romeo. Bigland was chosen to build up the Alfa and Maserati brands worldwide because of his extraordinary record of growing sales in the U.S. and Canada over the last seven years. Bigland’s influence at FCA’s U.S. headquarters has grown along with his responsibilities. Pitting Maserati and Alfa against such luxury heavyweights as BMW and Mercedes will test Bigland’s sales prowess. After a 20-year absenc...
