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Strong U.S. consumer spending might lose a pillar of support. Auto sales have been a bright spot for overall U.S. retail sales of late, mostly holding up in good months and bad. Even in July, when retail sales missed expectations, sales at autos and parts dealers rose. But disappointing auto-industry figures unveiled earlier this month are a concern. And it is the auto dealers that might go from positive catalyst to deterrent in Thursday’s retail-sales report, one of the final major economic data points the Federal Reserve will consider before its highly anticipated policy mee...
It's absolutely clear to everyone now that the U.S. auto sales begin to ebb, that is the main reason why the American auto giant General Motors is eyeing growth in China as an even more crucial component of its business. GM auto sales in China through the first eight months of the year jumped 8.1% to 2.38 million, compared with a 4.2% drop to 1.96 million in the U.S.. That included 293,537 autos sold in August, a monthly record and up 18% from the year-ago period. The president of GM China has admitted that this growth was expected by the company, and this year has really been r...
Car makers can expect for some favorable environment for lucrative truck and SUV sales into the next year. As the right conditions come together for a continued oil glut. That heralds lower prices at the pump, les painful driving, and less scrutiny of EPA mileage figures on Monroney stickers. Oil supply and inventories are rising, but the demand falls off sharply, since the overseas interests are conspiring to keep prices down— and in their favor. The International Energy Agency have predicted an oversupplied crude oil market, with “glut” conditions lasting until ...
Among all the vehicles offered by Ford Motor, the F-Series pickup truck has a special place in the auto market. In August 2016, nearly 67 thousand units of F-Series pickups were sold, with a YoY (year-over-year) decline of 6.1%. The F-150 is the heavy-duty, full-size pickup truck in the series. The F-150 line of trucks has been the best-selling vehicle in the United States for more than three decades now. This shows the company’s strength in maintaining its leadership in the US auto market (FXD). The significance of these pickup trucks is also immense for Ford, as pickup truck...
General Motors has taken a beating in the headlines this year as falling U.S. sales have cost it nearly a full point of market share. U.S. vice president of sales, Kurt McNeil, says GM's deliberate move to cut low-profit sales to rental car companies and focus on more lucrative retail sales to individual customers is behind the drop. But the auto industry's focus on top-line sales numbers has made GM look bad compared with competitors. Kurt McNeil claims he has a strategy that can help GM to increase its sales numbers, despite the fact that GM's market share has fallen ...
