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After years of slow sales, Volkswagen is finally killing off the Touareg for the US market. Despite the ever-growing popularity of SUVs and crossovers, the Touareg never quite made a mark in America. Sales of the near-luxury SUV were down 26 percent in the first half of 2017, with just 1,630 units rolling off dealer lots. There's no one reason for the decline in sales, but the premium price tag cannot have helped. The 2017 Volkswagen Touareg starts at $50,405 in the US, with the top of the range Executive trim starting at $61,105. For reference, the all-new 2018 Volkswagen Atlas...
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 ...
It seems like unlike sedans and coupes, the SUV and Crossover segments won’t slow down anytime soon. The latest survey shows that consumer loyalty for these two types of vehicles reached an all-time high in April. More than two-thirds of SUV and crossover owners who returned to the market in the first four months of 2017 purchased another new SUV or crossover. Consumer loyalty for SUVs and crossovers grew from 53 percent in 2012 to 66 percent in April 2017. Loyalty for all SUV and crossover body styles is now nearly 14 percentage points greater than the industry average -- 53 ...
The car sales market is not that gloomy as you might already think considering total sales have fallen for six consecutive months. With the slowdown largely a product of reductions in less-profitable fleet deliveries, retail sales have slipped less than 1 percent from a year ago The fact that consumers are snapping up high-margin SUVs and crossovers instead of less-expensive sedans has been a boom to Detroit automakers. After hitting the 10 million mark for the first time in 2016, U.S. light-truck sales rose 4.7 percent in the first half, setting records in every month except April a...
Toyota Motor Corp. posted its first U.S. sales gain of the year, despite a continuing slide at Lexus, as light-truck deliveries overcame weakness in cars. The automaker's 2.1 percent increase ended a drought that had seen sales fall 4.7 percent through May. Lexus, however, dropped 5.4 percent, for its ninth consecutive monthly decline. Sales at Toyota Division, including a small number of vehicles from the defunct Scion brand, grew 3.2 percent last month to 177,981 vehicles. For the first half of the year, the automaker reported a sales drop of 3.6 percent compared with the same...
