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Toyota is heading into the summer with sales on the decline. While nearly all automakers reported sales problems this May, Toyota Motor's U.S. sales tumbled 9.6% last month.Almost all of the automaker's models posted sales declines.The automaker's namesake Toyota brand sold 192,657 vehicles, down 9.5% compared to the same period a year earlier. Sales of the luxury Lexus brand declined 10.1% to 26,682. In such a way analysts projecting declines for most major manufacturers in May, compared to the same month a year ago, were right. But Toyota suffered i...
Hyundai and its affiliate Kia sold an impressive number of 146,400 cars in the Chinese market last month, accounting for a combined 9.2 percent of the market. The CEO of Hyundai Motor America, Dave Zuchowski, has plenty of changes and challenges to deal with in order to reach a similar success on the U.S. market.In April the two automakers sold in China a total of 1.6 million cars. They took up over 9 percent of the Chinese market for the first time this year. Their combined market share continued to grow from 6.1 percent in January to 7.7 percent in February...
Recent news about U.S. car recalls because of technical problems with Takata airbags have to be completed with new details from Toyota Motor Corp. that is recalling almost 1.6 million additional vehicles for front passenger side Takata airbag inflators that could rupture.Faulty Takata inflators have been linked to more than 100 injuries and 13 deaths worldwide. Toyota said the new recall includes some but not all Corolla, Matrix, Yaris, 4Runner, Sienna, Scion xB, Lexus ES, GX and IS vehicles built between 2006 and 2011. This report will be folowed by data from other 17 auto...
A study published today revealed that more than four out of five people would prefer not to ride in fully autonomous vehicles. Almost 50% of the respondents would like to drive in a simple vehicle with no self-driving capabilities, maybe just with partially self-driving or completely self-driving technology, it is what the results of the study from University of Michigan show. Only 6% of the participants at this study would like to drive such a car, while 39% of them prefer partially self-driving cars. If we'd have to make some comparisons between the young drivers and the...
The days of auto sales increasing are reaching their end this month, at least that's what J.D. Power and LMC Automotive think.This May wasn't this friendly to new car sales, that is why they will fall down to 5.7% from the same month last year. The reason of such a decrease is partly because this year has two fewer selling days. That's how the seasonally adjusted annualized rate will slip to 17.4 million vehicles from 17.71 million in May a year earlier. This April, had the same adjusted annualized results as this May may have. Because of these runnin...