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After US 3 big automakers have revealed their June sales, we expected the luxury car segment to do the same, and here are the sales results from the last month. Porsche Cars North America, importer and distributor of Porsche cars in the United States has sold 4,516 vehicles in June 2017. This is a 0.8 percent increase over June 2016. Year-to-date, deliveries are up 3.2 percent compared to 2016 with 27,568 vehicle sales. Macan sales were notably strong in June with 1,871 deliveries, a 53.1 percent increase over the same period last year. Year-to-date, Porsche Macan sales are up 30.9...
The headlines for Hyundai Motor America's 2016 sales results were the kind any automaker would be proud of: Despite a car-heavy lineup, tight crossover supplies and thin incentive support, Hyundai and the new Genesis brand combined for a seventh consecutive year of record sales. But how Hyundai got there raises questions about the brand's sales tactics and its prospects heading into a softening market, including whether it relies too heavily on sales to rental agencies and to dealerships themselves, dealers and people familiar with Hyundai's sales operations say. The str...
President Donald Trump told his counterpart Moon Jae-in during talks at the White House that he wants fair shake for U.S. automakers in South Korea, so they could sell more cars over there. He said he will press for changes to the current free-trade agreement to reduce the U.S. trade deficit with South Korea. He told reporters he was encouraged by “Moon’s assurances that he will work to create a level playing field” for U.S. exporters. Tensions with North Korea also figured prominently in the discussions as Trump signaled he would press for a tougher stance after t...
We were already convinced Austin won’t be affected by the US car market getting cooler, since it had such a great 2017 start, but it seems like nothing’s forever. According to sales at Austin dealerships consumers bought only 10,919 new vehicles during this month, comparing to 11,183 cars the same month last year. The recent slowdown is in contrast to the first two months of the year, which saw booming sales. January car sales were up 10.4 percent and February sales surged 22.4 percent over the same months in 2016. Thanks to that strong start, through the end of May...
Analysts say that U.S. auto sales in June will likely fall 2 percent from a year earlier despite large discounts for consumers, presenting a fresh sign that automakers are heading into a downturn. June U.S. new vehicle sales will be about 1.48 million units, a drop of 2 percent from 1.51 million units a year earlier. The forecast was based on the first 15 selling days of the month. Automakers will release June U.S. sales results on July 3. The seasonally adjusted annualized rate for the month will be 16.5 million vehicles, down nearly 2 percent from 16.8 million units in the same mo...
