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It seems like after all these years or car sales growth, tough days are coming for automakers. The previous success starts working against them, it means car costumers have bought so many new cars in the last years that they have a very low interest in them right now. A glut of used vehicles has started to depress prices. That trend will intensify as Americans will return 3.36 million leased cars and trucks this year, another jump after a 33 percent surge in 2016. The fallout has already begun, with Ford Motor Co. shaving $300 million from its financial-services arm’s profit f...
The car market is supported by the stronger global economic growth, and the car sales are showing steady growth. Gains are expected to continue, of course the top will be reached more slower compared to the last few years, but the most important thing at this step is that another annual record is coming. Increased replacement demand in the U.S. will be complemented by a renewed sales upturn in most emerging markets; however, China is the exception, with an expected slowdown. In the United States, we see increased replacement demand, growing consumer confidence and attractive financi...
U.S. regulators said that they did not found any defects in Tesla electric cars after investigating the death of a man whose Model S collided a truck while he was using its Autopilot system, which was the first serious accident involving semi-autonomous software. The U.S. National Highway Traffic Safety Administration said in a report it will not seek a vehicle recall after conducting a six-month investigation. The crash drew enormous attention and raised questions about the safety of systems that can perform driving tasks for long stretches with little or no human intervention.&nbs...
Apple is facing a lawsuit in California for declining to deploy technology that could prevent iPhone users from texting while driving. The complaint claims that Apple has had the ability to block texting capabilities while someone is driving since 2008, and seeks to halt all sales of the iPhone until the tech giant installs the preventative software. The plaintiff, Julio Ceja, was injured in a car accident by another driver who was using her iPhone. The proposed class action seeks to represent all California residents. The lawsuit isn’t the first time Apple has faced legal tro...
BMW is starting to produce model year 2017 diesel-powered vehicles earmarked for the US. Oil-burning variants of BMW's 3 Series sedan and wagon as well as diesel versions of its X3 and X5 SUVs may soon hit these shores. Diesel models such as the 328d Sedan, 328d Sports Wagon, X3 xDrive28d, and X5 xDrive35d will start production "shortly." Last July the EPA said it would delay BMW diesel sales in the US because US regulators were taking longer than expected to certify the vehicles. BMW confirmed that certification for the 2017 model year 328d Sedan, 328d Sports Wagon, ...
