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Despite the ongoing emissions scandal and slumping U.S. sales, Volkswagen Group overtakes Toyota as the largest automaker in 2016's first half. Its sales volume raised 1,5% from the year-earlier period to 5,11 million vehicles. Of course, the scandal involving Volkswagen's diesel models has had a significant impact on sales, but the automaker's Audi luxury brand and mass-media market Skoda brand did well. This was due to the fact that consumers in Europe were less aware of emissions problems with those two brands. China, being the world's largest automobile market, ...
We are all waiting for the July car sales report to be revealed at the beginning of August, it is expected to set the stage for a robust second half of the year in dealer showrooms, according to our monthly forecast. We consider that it will be the best July for the last 11 years. The sales for this month will reflect a 0.7% increase from June 2016 and a 0.8% increase from July 2015, it means it will result in an estimated seasonally adjusted annual rate of 17.8 million. July sales suggest that 2016 is gonna be a great month for car sales just like last year's record-setting sal...
As you might already know from one of our previous article, FCA was reporting cheating sales for a while now. We don't know the right time when it all has started, but for sure the FCA dealerships were a part of the plan. Some of them have begun to receive subpoenas to provide documents or any proof that would show the company's reported sales weren't real. There are 2,650 U.S. dealerships which sell Fiat Chrysler's cars and it's still a secret how many of them received these subpoenas. One of these dealerships has talked about receiving subpoenas that ...
There was nothing casual for Nissan choosing Dallas as the place to present the new 2017 Pathfinder crossover this month. Nissan North America Chairman Jose Munoz explains that Texas is very important to them, it is the second-largest market, after Ca. “We have thousands of employees and their families here. It's important that we continue to do well here. We want to make people aware that we are here and will continue to see good growth in Texas."---Said Munez. But Toyota seems as a big rock in Nissan’s growth strategy in Texas, and especially in the Dallas...
It has been announced that the General Motors Company has a certain sales decrease outside the US. The level of sales in South America has dropped significantly. Europe's hopes to reach breakeven this year are threatened by the aftershocks of the U.K.'s Brexit vote. Despite this, the level of domestic sales is not low. North American operations' pretax profit jumped 31 percent in the second quarter to $3.65 billion from the year-earlier period, despite a drop of 5.7 percent in overall North American unit sales. North America-heavy General Motors Financial joined the part...
