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Another year-over-year decline in the automotive industry. This April wasn’t that successful as automakers and dealerships wanted them to be, and this is why we have such low car sales predictions. Declines will be broad-based, with General Motors, Ford, Fiat Chrysler and all other major automakers expected to report lower sales. Meanwhile, Tesla shares soared to a record high Monday ahead of the electric vehicle maker's earnings Wednesday. April auto sales will likely come in at a seasonally adjusted annual rate of 17.1 million, down 1% vs. a year earlier. But that would ...
We’ve got for you a new forecast, and we are afraid it’s not a positive one. Expect the new car sales in U.S. to drop 3.1% in April to 1.445M units. Sales for mid-size SUVs/crossovers are expected to be 8%, while compact and small car sales are seen falling. Mid-size SUVs appear to have the largest impact in swaying consumers from buying mid-size cars and minivans, both of which are down 20 percent this year. The 2017 calls for U.S. auto sales might be approximately in the range of 16.8M to 17.3M units, which represents a 1% to 4% decline from last year. ...
Toyota Motor North America is recalling about 228,000 2016 and 2017 Toyota Tacoma midsize pickups in the U.S. because their rear differentials may leak oil. Differentials leaking oil could become damaged and stop working, causing a loss of vehicle control, Toyota said in a statement Thursday. Damaged rear differentials also create noise and reduce propulsion if the vehicle is driven without being repaired. The National Highway Traffic Safety Administration recalls page includes a complaint a driver from Honolulu who said on Dec. 18, 2015, that the differential on the his or her 2016...
About one in seven driving Americans may likely purchase an electric vehicle as their next car, according to an AAA poll, meaning that as many as 30 million Americans may pony up for an electric car within the next three to five years. While some of the motivation is environmental, survey recipients say that lower maintenance expenses and solo access to high-occupancy-vehicle lanes are also among the factors behind potentially going electric. The poll indicates that about as many people are planning to buy an electric vehicle for their next car as are looking to buy a pickup, which...
New York’s attorney general has reached legal settlements with 104 dealerships it identified as having sold vehicles without disclosing open safety recalls. As part of the settlement, reached on Friday with New York Attorney General Eric Schneiderman, those dealers must now notify customers two days before a sale of an unrepaired vehicle that no repair has been completed. Franchise dealerships are also required to provide loaner vehicles to customers if repairs to their recalled vehicles take more than one day to complete. The settlement comes following an investigation by the...
