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Toyota Motor corp. revealed that its car sales have suffered a powerful delay this month, by falling down to 15%. Its net income in the last three months has dropped to 552.47 yen. Though the yen has straightened about 11% against the dollar compared to the last year, and because of that the company has lost in exports, by becoming less competitive and cutting the value of repatriated earnings. Toyota's managing officer said that the things are changing every day, by these words he meant the big foreign exchange rate swings. The company has lost an output of about 80,000 cars du...
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...
Toyota Corolla is the new big hit in the auto industry, the new model has ended the Hyundai 130's record four-month winning streak. After the Korean car brand has removed the discount of $7500 on Hyundai models, it was pretty obvious that a new king-car is gonna take its place and this time it's Corolla. An 11-year sales high in June across all small vehicles has been posted by Hyundai i30, but it took a massive down this month by a staggering 65 per cent, from 6400 to just 2200. Hyundai costs at around $19,990 with its big discount, but once the discouns was done ...
