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Just as if the problems with the production haults at the Japanese plants were not enough, Toyota Motor Corp. notes a global sales decline in the first quarter of this year. Toyota's sales results fell behind Volkswagen AG's, and this disrupted the Japanese automaker's four-year reign atop vehicle industry sales charts. In the January-to-March period Toyota's worldwide deliveries dropped 2.3% to 2.46 million vehicles. In the same time Volkswagen deliveries rose 0.8% to 2.5 million. In the context of Japan's recent most devastating e...
Despite the gas low prices, fuel economy cars are still among the most sought in America.The statistics from the Consumer Federation of America say that 4 from 5 consumers are sure that next time they go shopping for a car they'll take care of its gas mileage. Jack Gills, director of public affairs for the nonprofit organization thinks it's no surprise, since consumers have had a long history with volatile gas prices.Motorists have saved $12 billion this year, but the consumers still expect the prices to rise again soon. The average respondent to CFA's survey predicted a ...
Nissan is the next one to recall their new cars after Toyota. The Company is recalling 12,616 cars, Muranos that were manufactured between December 17, 2015 and February 11, 2016 and Maximas from November 25, 2015 to February 12, 2016. The problem of the cars is a probably damaged O-ring, that might bring to a brake fluid pressure, and affect ABS and dynamic control activation. There are no reports about injuries, or deaths triggered by Muranos or Maximas. Nissan's staff found out about the problem during a routine inspection on vehicles at Smyrna, Tn. ...
Leasing has surged as a share of new-vehicle transactions to impressive indexes in the fourth quarter of 2015, this being caused mainly by captive finance companies seeking to boost sales by keeping customers' monthly payments low. Leasing has been fairly rare in the used-vehicle market, but its share is growing. In such a way more and more lenders are offering leases on used and certified preowned vehicles.This strategy is meant to cope with an industrywide flood of 3.1 million off-lease vehicles returning to the market this year. The number of off-lease vehi...
Company mergers in the modern automotive industry has become a common practice. More and more specialists declare that the auto industry should consolidate further to cope with rising development costs. As thus, Fiat Chrysler Automobiles Chairman John Elkann renewed a push to merge the company with one of the auto industry’s “big guys”, saying savings could top $10 billion a year.Even with developments like car sharing and self-driving vehicles, Fiat Chrysler’s major competitors should consider the potential benefits of a merger because the bulk of their ...
