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For the third year the U.S. new vehicle sales will stay above 17 million, forecasts say we must expect volume to finish out this year during 17.4 million, descending somewhat brief of 2015’s record of 17.47 million. Specialists believe automobile sales movement will continue by 2017, upheld by plain altogether U.S. mercantile growth, gasoline prices remaining subsequent $2 a gallon and a jolt off of domestic fallout from a warn choosing of Donald Trump as U.S. president. They also revealed they see an intensity for a second half swell in 2017, maybe pushing sales to 17.3 milli...
Over the next 10 years expect the car dealerships to have a evolution, but don't let yourself get tricked it's not gonna be a revolution. The changes are coming to auto dealerships, that's something inevitable, but it's not gonna be a disruptive overthrow of the business model. The goal of the research was to look at the state of auto retailing in 2025. NADA commissioned the study in March as a way to stimulate long-term thinking and planning among dealers, the report's gonna be presented at the end of the week. The dealership model will remain dominant, with dir...
Electric cars are coming, like it or not. Some companies are trying to get ahead of the curve, like BMW, which has high aspirations for electric sales volume in the coming year. Longer range, more sales. That's a very simplified version of what BMW is hoping from its plug-in vehicle line up. In fact, Bimmer is expecting to sell as many electric vehicles and plug-in hybrids in 2017 as it has for the past three years combined. BMW will sell about 60,000 plug-in vehicles this year, and is hoping to boost that annual total to 100,000 units for 2017. The key to this lofty goal is the...
Americans spent briskly at retailers in recent months, supporting hopes for a strong holiday shopping season and giving the economy momentum. Retail sales- measuring spending at restaurants, clothiers, online stores and other shops- rose 0.8% in October from the prior month, the Commerce Department said Tuesday. Sales grew 1% in September, revised figures showed, up from a previously reported 0.6% increase. Those gains marked the best two-month stretch of sales in at least two years. September and October are shaping up to be the best two-month stretch for retail sales since early 2...
Samsung, the South Korean electronics giant — which already makes popular but recently problem-plagued smartphones — said on Monday that it had agreed to buy Harman International Industries, an American automotive technology company, in an ambitious push into a whole different kind of mobile. Harman is best known for making car audio systems under brand names popular with audiophiles such as Harman/Kardon and JBL. But Harman’s appeal to Samsung comes from what it calls its connected car business — an operation that supplies a car’s navigation services, its onboard...
