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Daimler AG’s Mercedes-Benz jumped out to an early lead in the race for U.S. luxury car sales supremacy, posting a record January after winning the crown last year for the first time since 2013. Mercedes sold 25,527 cars and light trucks in the U.S. last month, a 3.5 percent increase from a year earlier. Following a year in which premium car models lost market share to light trucks, the brand scored significant gains with sedans last month, as the C-Class jumped 27 percent and E-Class surged 49 percent. Dietmar Exler, chief executive officer of the Atlanta-based U.S. unit, clai...
Do you remember the tweet Donald Trump has shared with us about how he disagrees with General Motors building a new plant in Mexico? The new elected-president criticised the company, and threatened it with big border taxes. The CEO of GM finally reacted to the statement, by saying that manufacturing decisions and plant investments are made far in advance of production and can’t be easily reversed. This is a long-lead business with highly capital-intensive investments—decisions that were made two, three and four years ago. General Motors has no plans to move sma...
Tesla Motors Inc. reported fourth-quarter deliveries that fell short of its own forecasts as production delays continue to plague the carmaker led by CEO Elon Musk. The Palo Alto, Calif.-based maker of electric cars and energy-storage products delivered about 22,200 vehicles in the final three months of last year, according to a statement Tuesday. The total trailed the automaker’s projection for 25,000 units and brought its full-year tally to 76,230 vehicles, below its forecast for at least 80,000 units. Musk has a history of setting ambitious targets and timelines for Tesla a...
Compact SUVs this year were able to outsold the sedans in US, which might be a big step for them, but for sedans it means they are not popular anymore, and the sedans sales decreased a lot. In 2015, for the first time ever, compact SUVs outsold sedans in the U.S. Consumers continued to ditch sedans for SUVs this year. For example, while still the best-selling sedan in the U.S., sales of the Toyota Camry dropped ten percent in 2016. Sales of other formerly popular sedans plummeted even further. Gas prices remain low, and SUVs are a lot more fuel efficient than they used to be. &...
As consumers keep snubbing sedans despite record consumer discounts, the U.S. auto sales will probably decline slightly for December. Specialists forecast manufacturers' discounts offered to close sales would hit a record high of more than $4,000 per vehicle in December. The consultancies estimated sales at 17.5 million vehicles on a seasonally adjusted annualized basis this month, flat with a year ago. Detroit automakers are moving to cut production of certain vehicles, particularly small and mid-sized sedans, as they concede that the market is hitting a plateau where the...
