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After 7 years of car sales growth new auto sales have declined 4.7 percent, following a 1.6 percent decline in March. Car manufacturers spent average of $3,814 per car sold in the first part of April but despite that the drop occurred. For total industry sales to reach a peak and start declining isn't a surprise to anyone, and it could be great for car buyers moving forward. Even carmakers don't seem to be terribly concerned with the decline in the number of total vehicles sold, as they're making more on each car they sell right now because their product mix is more heav...
Now that Mercedes Benz has announced to pause its U.S. diesel plans we feel like country’s auto sales feel another blow. Daimler revealed that it had to obtain certification to sell 2017 diesel models in U.S. from U.S. environmental regulators, but it didn’t. The outlook is now growing cloudier as scrutiny from the Environmental Protection Agency keeps models off the market and the costs rise to meet toughening pollution rules. Mercedes says that fewer than one out of every 100 cars sold in the U.S. is a diesel. Diesel’s future has been relegated back to what ...
BMW is a lucky car brand this time, its worldwide sales increased 6% for March. The automaker has delivered 254,862 cars this month, which is a big increase comparing to last year. The company's three premium brands– BMW, MINI and Rolls-Royce – also reported a 5.3 percent increase compared to the previous year, with a total 587,237 cars delivered. The carmaker has achieved a strong start to the year, with its X-family models and the BMW 7 Series being the main growth drivers. March was the first full sales month for the new BMW 5 Series Sedan and the customer fe...
Audi of America reported a March sales increase of 2 percent to 18,705 vehicles, as the Q5, Q3 and A4 led the volume gains. March 2017 marked the 75th consecutive month of record sales for Audi of America. The previous March record was set last year with 18,392 vehicles sold. SUV sales remained strong with the volume-leading Q5 posting sales of 4,382 vehicles, an increase of 18 percent for the month. Sales of the Q3 rose 21 percent over last year to 1,818 vehicles. The Q7 posted 2,660 sales for the month. The A3 Sportback e-tron had its second-best sales month ever with 414 vehicles...
Tesla has leapfrogged General Motors to become America’s most valuable carmaker, riding a wave of optimism about the electric vehicle company despite its continuing losses. Shortly after the start of trading on April 10th, Tesla's stock market cap overtook that of GM – it was worth about $51 billion, or $1.7 billion more than its established rival. While it's not clear that this will last, it's no mean feat for a company that has made just three car models in its brief 13-year history. The big question is whether or not Tesla can back up that value with raw sales number...
