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China isn’t the only one beating U.S. when it comes to car sales and car production Europe is on its way to do the same. While slowing U.S. sales have hit Ford, its French rival Renault is doing better than ever by reporting a strong performance in Europe, suggesting the European market stays great. US car sales are expected to fall this year from 2016’s record levels, while Europe’s are forecast to rise slightly, in spite of near-record sales last year. Ford announced first-quarter earnings sharply down on the year, with pre-tax profit falling $1.5bn to...
China expects its annual automobile production output to reach 30 million by 2020 and 35 million by 2025. The car sales are expected to rise also, new energy sales might reach 2 million units by 2020. Today China is the world’s largest market for new car sales. Last year 28 million cars were sold in China, and if it’s going to reach those expected 35 million, this amount is gonna be nearly double the 17,5 million units sold in United States last year. The country’s focus on NEVs, a category that includes battery electric cars, plug-in hybrids and fuel-cell cars, wou...
Guangzhou Automotive Group is considering renaming its Trumpchi brand before it starts to sell cars in America in 2019. The reason is obvious, as the brand name GAC Motor has chosen doesn't necessarily sit well with all prospective customers. The reasoning behind the Trumpchi name has to do with the romanization of a Chinese brand name GAC Motor had begun using, "Chuanqi". That name, loosely translated, means "legendary" in Chinese, and it's something the automaker wanted to convey in a more easily pronounced way, choosing "trump" for, well, tr...
Cadillac marketing chief Uwe Ellinghaus claims that the U.S. sales party isn't over yet. U.S. sales will probably plateau this year just below 2016’s record finish and hover at near-record levels for some time. He says that what others call a “cooling off” is probably the best thing that has ever happened, because levels that were once seen as excessive are now sustainable. U.S. sales edged ahead 0.3 percent in 2016 to end the year at 17.5 million units, a seventh straight year of gains. Through March of this year, however, sales were down 1.6 percent, with Ca...
Toyota Motor Corp. executive claims that the U.S. auto market has peaked and will shrink this year, with manufacturers using unprecedented incentives to support passenger cars through slumping demand. The president of Toyota’s U.S. sales unit, Bob Carter, says that industrywide deliveries may decline to as low as 17 million vehicles from last year’s record of about 17.5 million. A rapid shift in demand toward sport utility vehicles at the expense of sedans is the main factor driving automakers’ heavy discounts. Once the industry starts to get their pipelines lined ...
