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Tesla made a big deal about its Model 3's base price of $35,000. The price makes it attractive to a whole new range of buyers who couldn't afford its more expensive Model S or Model X. While it's certainly true that a Model 3 will be cheapest way to get into a brand-new Tesla, let's be clear that there will be practically zero Model 3s at its base starting price of $35,000. Here's why. Choosing any color other than black raises the Model 3's price by a grand. If you want an upgraded interior package, that will cost you additional $5,000. To be fair, a package...
As demand for the new E-class and SUVs rose, Mercedes-Benz took the lead in the luxury-car sales segment, its sales rose up to 11% in June. As we know for years, BMW, Audi and Mercedes have always been competitors to each other, being three most well-known and trusted German automakers. For so many years the first sales spot between them has been taken by BMW, and only know Mercedes was able to outrun it. Sales of BMW brand vehicles rose 2 percent to 192,873 last month, while third-placed Audi saw sales rise 1 percent to 170,650. Through June, Mercedes sold ...
U.S. auto sales plunged for the fourth successive month in June, down 3%. All the Detroit giants registered disappointing sales declines for the month compared to a year ago. Based on the first half of the year, the prospects for the remainder of the year look bleak, indicating this year’s industrial sales will fall short of last year’s record sales. The sales projections for the full year now stand at 17.1 million units, which would represent a 3% sales decline from 2016’s record sales. Retail demand has been waning over the past several quarters. SUVs and crossov...
The continuing fall in US auto sales in the first 5 months of 2017 has raised concerns about the future of auto demand in the country. But even considering the decrease there are factors which are still favoring the US automotive industry: US demand for trucks and SUVs- The first key positive factor for automakers is that auto buyers’ inclination for heavyweight vehicles such as trucks and UVs (utility vehicles) is intact. US car sales have fallen 11.0% to 2.7 million units in the first five months of 2017. In contrast, US truck sales have risen 4.7% to 4.3 million u...
Analysts are lowering estimates for 2017 vehicle sales after five months of industrywide deliveries declining from a year earlier. Among the reasons: automakers are showing more restraint on discounts than expected and gridlock in Washington reduces the likelihood of a second-half surge. Analysts reduced their full-year projections this spring, dialing the consensus back to 17.2 million light vehicles. The industry set a record with 17.55 million cars and light trucks sold last year, aided by a jump in shipments to rental-car companies and other fleet buyers. The auto industry has b...
