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U.S. auto sales were expected to drop slightly in July. The weather was unusually hot and probably this kept buyers at home. According to sales figures for July, the substantial growth that lasted for more than five years in the resurgent U.S. automobile industry might finally be leveling off. Gains by Nissan and Honda last month were overshadowed by declines at the world's three largest automakers – Ford, General Motors and Toyota. Overall, U.S. auto sales increased by only 0.7 percent. The data shows that sales declined by 3 percent at Ford Motor Co., in July, 4 percent ...
Ford has reported a 9% drop in second quarter last week, this is how the auto industry analysts got scared that car sales will slow down after 7 years of prosperity. Now the official U.S. sales have aired and it seems that the industry has really reached a plateau. Company July 2015 July 2016 % Increase Fiat Chrysler A. 181,081 181,538 0.30%Ford Motor Company 222,014 215,268 -3.00%General Motors 272,512 267,258 -1.90%Mazda North America 27,157 27,915 2.80%Honda Motor C...
AutoNation Chief Executive Mike Jackson confirmed that demand for cars and trucks are slowing in the U.S. He also added that the operator of auto dealerships around the country is aiming to cut excessive inventory of unsold vehicles. Mike Jackson said that the market for cars and trucks in the U.S. is forcing dealers and automakers to come up with a new strategy for their business. It's difficult to accept the current situation after enjoying years of good growth. Jackson considers that the major problem is that the automakers overproduce their vehicles, offer deep discounts an...
We know what a success presents the steady growth of American automobiles market, and the most important thing here is that last year auto makers have even set a record by selling more than 17.4 million new cars. Now, the consumer demand is slowly reducing after six consecutive years of rising sales, the industry might be near collapse because of the financial crisis, and car companies are put in pressured situations. The results for this month are expected to appear on Tuesday, car companies might lose their investors if the sales will be lower than the previous month. ...
All of the recent calm in global markets owes a lot to the U.S. consumer, with rising retail sales which helped on becoming the world's largest economy in June. Even so, we've got a very weak spot now and speaking about that we mean- slowing car sales, it's unclear now which market segment will pick up the slack. The U.S. consumption revelations show that car industry is at its peak now, which means it's in trouble. As you can see on the charts from the pictures, U.S. retail sales represent 20% of overall spending, after groceries at 13%. Demand ...
