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It didn't took look for Japan to give an answer to the intensifying trade pressure from US President Donald Trump with Prime Minister Shinzo Abe rumored to be meeting the head of Toyota Motor Corp this week and business lobby Keidanren setting up a Trump task force. On February 10 he will visit Washington in order to discuss the issue with the US leader, and we expect them to find a solution towards the trade deal between the countries, and of course the automotive sector. Ahead of those talks, Abe will meet with Toyota Chief Executive Akio Toyoda. One of them said the meeting w...
If economists and remarketing experts are correct, 2017 will finally be the year of significant declines in used-vehicle prices. It's a trend that has been a long time coming. Similar predictions were made in 2015 and 2016 by those same experts. Instead, used-vehicle prices held relatively stable at or near record levels for the past few years. Various indexes that monitor used car pricing showed slight dips in used values last year, though they remain well above pre-recession levels. Strong demand for new and used light trucks, a growing market for certified pre-owned vehicles ...
Ford dealers and Ford executives sounded a typically optimistic note at this year's National Automobile Dealers Association convention here, based on record U.S. auto sales in 2016 and growing confidence that even if auto sales decline a bit in 2017, they won't decline much. Dealers are concerned about a drop in car sales as opposed to trucks, but all in all he said dealers are happy with Ford's current product lineup. They do have concerns about car models – as the whole industry does – as to what the public wants. Forecasts for 2017 call...
If automakers want to increase their car sales they need to take in consideration this important tip: consumers love new products! If you offer something new in the market you must know that this is a key differentiator among other brands, who might do even better. Even high-flying brands begin to lose momentum when portfolios grow stale, he said without naming names. The industry franchise assessment is an off-the-record briefing to retail industry leaders on the condition and outlook of each brand in the U.S. Sargent declined to discuss the specifics of the 2017 review. But he ack...
It's a hard goal for the car industry in US to sell more than 17 million cars and light trucks year. Buyer demand will become sated at one point. Of course there will come the moment when manufacturers will be forced to offer less attractive deals in order to keep the customer interested, but even this strategy can't work forever. Thus, sales would begin to drop from their recent peak, which will create a set of difficult challenges for car companies that operate in the United States. A forecast for January sales predicts a dip of 3% to 1.13 million, which translates into 31...
