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Major automakers have posted their sales results for this September, and although we had high hopes on the discounts offered by General Motors and Ford Motor. Co, nothing saved the market from crashing down. The total industry sales were at 1.44 million vehicles, which is down 0.5% for a seasonally adjusted annualized rate of 17.76 million from 18.05 million in September 2015. The top-seller in the United States- GM, posted a 0.6%decline. Ford reported an 8% drop, and Fiat Chrysler Automobiles was down 1%. Shares of the three Detroit automakers rose, led by GM with a 0.8 percent gain. Sal...
After a record-breaking 2015, luxury sales are expected to slow down, that's what analysts say. It is hard to compete with last year's sales results, and we knew it all along. One of the Analysts say that at the moment, the possibility of 2016 to be able to beat 2015's record, is close to 0. For the past 10 years, sales for premium brands have grown faster than non-premium carmakers and SUVs have sold faster than cars. Though that trend is expected to continue, the market for new luxury cars and SUVs is beginning to cool after showing signs of tapering toward the end of ...
Even as incentive spending reaches a record high, U.S. new-vehicle sales are projected to decline for a second consecutive month. The forecasts reinforce the notion that industry sales have leveled off after six consecutive years of gains coming out of the recession. But analysts say the market is not on the brink of a downturn, either. Auto sales are tracking just about even with last year’s record-breaking pace, so there’s good reason to believe that they’ve hit a high plateau. At the very least, automakers can feel good that sales are consistently hovering at o...
Meet and greet a new car luxury marque, the first one of the 21st century. It's been more than 25 years since a major automaker launched a luxury brand, the times of Infiniti and Lexus joining the U.S. market as the luxury vehicles of Nissan and Toyota. In the next 18 months you need to expect for the Korean carmaker to peddle its G80 and G90 sedans, both are descendants of products which used to be once under Hyundai's brand. Meanwhile, the brand is challenging its brand image, promoting it from scratch to scratch, and conveying it to consumers. The automaker know...
It has been officially announced that Nissan has recalled approximately 134,000 2016-2017 Maxima sedans, 2015-2017 Murano crossovers, and 2015-2016 Murano Hybrids due to the potential of a fire. Only models equipped with Intelligent Cruise Control are affected by this recall. The problem is that the Intelligent Cruise Control features an anti-lock brake actuator pump that may allow brake fluid to leak onto an internal electrical circuit board. If that happens, it could result in an underhood fire. Nissan says no injuries or fatalities have been reported as a result of this problem, ...