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U.S. auto sales this May are expected to be flat if we compare them with 2016 auto sales for the same month, but considering all the signs of stagnation isn’t that a good thing? Automakers in the U.S. market will report May sales on Thursday, June 1. The long Memorial Day weekend and sales promotions traditionally give May sales a boost. U.S. auto sales were down a disappointing 4.7 percent in April, compared with April 2016. Year to date, auto sales were down 2.4 percent after four months. It’s well documented by now that the slowdown in sales is hitting passe...
U.S. is Tesla’s the most important market even though it is increasingly focusing on other markets, like China. Admit it, you were just as us shocked when the automaker revealed that it delivered 25,202 Model S sedans in the U.S. in 2015. This huge deliveries gave Tesla a 25% market share in the premium sedan market. Some industry watchers thought that it might be a fluke, but the latest registration data suggests that Tesla is still maintaining its lead in the large luxury sedan segment in 2017. The company’s goal has always been to make the best vehicle possible t...
U.S. new-vehicle sales are expected to rise very slightly in May from a year ago, narrowly snapping the industry's streak of four consecutive monthly declines. Analysts expect 2017 sales of 17.2 million, 2 percent fewer than the record 17.55 million sold last year. The annualized selling rate is projected to be less than 17 million for a third consecutive month, more evidence that the market has passed its peak. That would mean the industry will already have had as many sub-17 million months in 2017 as it did in each of the past two full years. Other forecasts project sales-volu...
As part of the efforts to reduce exposure General Motors will slash headcount at its international headquarters in Singapore. GM International -- which oversees markets such as India, Southeast Asia, and South Korea, among others -- will reduce its staff to about 50 from 180 by year end, according to a person with knowledge of the matter. About 90 employees will leave the company by the end of June and 40 by the end of 2017. Last week, the company said it would take a $500 million charge in the second quarter to restructure operations in India, Africa and Singapore. The company plan...
In a study surveying drivers in the US, UK, Germany, France, and Italy, transportation data company INRIX finds that attitudes about autonomous vehicles (AVs) differ quite a bit depending on what side of the Atlantic one lives on, as well as by age. The survey gathers responses about safety, privacy, and trust and confidence in the connected and autonomous vehicle market, as well as their likelihood to purchase a self-driving car. When it comes to safety, 71 percent of US drivers expect autonomous cars, compared to 85 percent of Italians, to be as safe or safer than today's veh...
