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In July 2016, US truck sales stood at 0.92 million units, which is 8.7% higher than the 0.85 million units in July 2015. By contrast, US car sales in July 2016 fell to 0.58 million units as compared to 0.65 million units in July 2015. This car sales data suggests a YoY (year-over-year) decline of 9.8%. Let’s take a closer look. The SAAR (seasonally adjusted annual rate) of US truck sales jumped to 10.91 million in July 2016, which was much higher than the SAAR of 10.1 million units one month previously. In July 2015, the SAAR of US truck sales was reported at 9.97 million vehi...
The US is the largest auto market in the whole North America, that's why General Motors, Ford Motor, and Fiat Chrysler Automobiles are highly dependent on the US market for their largest chunks of revenue. Here's a closer look to the US auto sales data for July. Total auto sales in the US stood at 1.51 million units, which was higher than the US vehicle sales of 1.50 million vehicle units in July 2015. In 2015 car sales have been at their peak, reaching the highest results with 17.4 million vehicles sold during the year. This was able to boost the confidence of automake...
Volkswagen has a lot to worry about with respect to its diesel-emissions cheating scandal. On the civil side, it’s already anticipating divvying out $15 billion to make right with regulators, states, and customers over hundreds of thousands of diesel vehicles that contain a software-based cheat allowing them to emit many times the permissible amount of nitrogen oxide. While the settlement with U.S. regulatory authorities largely resolved VW's obligations to the federal government, the automaker also faces potential criminal charges relating to the use of emissions-cheating software i...
The Honda Civic broke a July sales record set in 2013, rising 5.8 percent on sales of 32,952 units Accord sales again topped 30,000 units, keeping sales of Honda's three core models on track to top 1,000,000 units for the fourth consecutive year. Increases for both Fit and HR-V topped 25 percent in July while Pilot gained 8 percent. Pilot and HR-V also were up as Honda trucks set a new all-time sales mark for the month. The new Civic continued its remarkable run with another record month in July. CR-V sales rose to an all-time monthly record of 36,017 sales in July, an increase of 13.3 per...
It's been revealed, that General Motors has payed money to its dealers for 7 years already. All these years more than $5 billion were offered to GM dealerships, under the EBE program. But now, that most of them have done some shiny makeovers, there's no need to make some extra, right? GM has decided to keep that spigot open for any of its Chevrolet, Buick, and GMC dealers who jump though the necessary hoops under the brand standards program called Essential Brand Elements. The cash will be an incentive for dealers to keep those stores modern with new video displays...