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As automakers are doing their best to get rid off too much inventory, buyers can expect sweeter deals on small and mid-size cars. This July wasn’t expected to be a good month for US car sales but at the same time, the data are not so bad. Overall auto sales fell 7% from a year earlier to 1.42 million vehicles. Buyers will eventually have fewer choices of passenger cars as automakers shift more of their engineering resources into crossovers, SUVs and pickups. Average discounts per vehicle rose 5% to about $3,600, compared with a year earlier. Meanwhile, transaction prices ...
When two automakers with lots of potential make an alliance there is no wonder that their sales get global. That’s exactly what happened after Japanese automaker Nissan Motor Co. and Renault SA of France got together. The automakers claimed the top rank for the first time, by beating perennial top-sellers Volkswagen, Toyota and General Motors. The Nissan-Renault alliance, which has included Mitsubishi Motors Corp. it acquired the Japanese automaker last year, sold 5,268,079 vehicles around the world in January-June. That was more than Volkswagen AG at 5,155,600, and Japan...
Major automakers have reported their June sales data and let’s just say they were below our expectations. Even hefty consumer discounts and looser loan terms, couldn’t help car brands revive their new car sales.GM said its sales fell about 5 percent versus June 2016, but that the industry would see stronger sales in the second half of 2017 versus the first half. General Motors’ shares added 1.8 percent on Monday, while Ford shares rose 3.3 percent. Ford Motor Co said its June sales were hit by lower fleet sales to rental agencies, businesses and government entities...
Mike Rocco served for more than two years as regional vice president of Nissan North America's mid-Atlantic region. He became regional vice president of Nissan's Central U.S. region just last month. He has more than 25 years of experience in the automotive business, both on the dealership and corporate level. Bentley Motors is tapping a seasoned automotive executive from Nissan to become vice president of sales and operations – a new role – for the British car brand's Americas division. Mike Rocco will start June 19 and be charged with managing Bentley's recent U.S....
Nissan is promoting the Leaf electric car by going to the last place you would see one, a gas station. Actually, Nissan is going to multiple gas stations in the Northeast and Mid-Atlantic states, and the promotion involves giving people free gasoline. Nissan will "take over" gas stations and give away gasoline to people that come. The company will also have a Leaf on display. Isn't it an unusual marketing move? It seems the idea is to give people a sense of what it's like to not pay to keep your car fueled, which would be the case if they were driving a Leaf. For ...