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As 2016 is almost over, the U.S. auto market is on the verge of setting a new sales record, beating last year's mark of 17.5 million new cars and trucks. Auto sales have been booming for several years, powered by a combination of cheap gas, easy credit, and pent-up demand. And with the unemployment rate now below 5%, there are plenty of Americans who now need a reliable, technologically up-to-date vehicle to get to and from work. Although some analysts think the market has plateaued and that there's no more growth to be had, the fundamentals point to continued strong sales b...
Fiat Chrysler dealers will have to wait a bit longer for two highly anticipated big-ticket vehicles: a fully redesigned Ram heavy-duty pickup and a luxury SUV for Jeep, the Grand Wagoneer. It became clear that FCA's Ram brand will not redesign its current heavy-duty pickups onto its new DT pickup platform in 2018 but instead will keep the same body-in-white and refresh the existing DS-based model. Meanwhile, the automaker has placed a hold on its development of the Jeep Grand Wagoneer luxury SUV. The vehicle has been on Jeep's product plan since 2014 and was to boast three r...
If you want to analyse the US green car sales for November, you first have to start with the fact that Volkswagen stopped selling its diesel vehicles for a year now. That means that, statistically, demand levels for hybrids, plug-ins and diesels in November could finally be measured on an even playing field for the first time in 2016. But there's more to the story of what was easily this year's most impressive month for green-car sales. Americans bought more than 39,000 green cars in November, marking a 26-percent surge from a year earlier. For comparison purposes, October a...
To clear out bulging inventories of unsold cars and dispel investor doubts about consumer demand, automakers in the United States are ramping up holiday sales promotions ahead of Black Friday. Detroit automakers need a strong year-end sales push. They are sitting on hefty inventories of unsold sedans, compact cars and sports cars as consumers shift to pickup trucks and SUVs. The share prices of General Motors, Ford Motor, and Fiat Chrysler Automobiles NV are flat to down for the year. This reflects investor concerns that a six-year auto sales boom in the United States is reaching an end and th...
Volkswagen will export the Atlas large SUV to Russia from the United States starting at the end of next year. The executive, who has knowledge of VW's product plans, added that the Atlas will be offered with a 2.0-liter diesel in Russia. The source said it is unlikely that the SUV will be sold in western Europe. When asked at the auto show here this week for confirmation on the plan for the Atlas, VW brand's sales and marketing boss, Juergen Stackmann, said that Russia is one of the markets they are considering. The Atlas, which will be build at VW's factory in Chattanoo...
