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It's three-quarters of the way through the year, and green-car watchers can probably surmise that 2016 won't likely be a banner year for sales of hybrids, plug-in hybrids, or – gasp – diesels. Through September, US green-car sales have fallen a solid 19 percent from a year earlier to about 321,000 units. And that's factoring plug-in vehicle sales that have risen 16 percent to almost 87,000 units. With that context, then, September wasn't a bad month: last month's green-car sales were down just one percent from a year earlier to more than 40,000 vehicles. &n...
Japanese automakers Toyota Motor and Nissan Group posted U.S. sales increases in September, while Honda sales were flat, despite projections of an overall industry decline for the month. Toyota's sales rose 1.5% for the month to 197,260 vehicles, as the company's namesake Toyota brand rose 1.4% and its luxury Lexus brand increased 2%. American Honda sold 133,655 units in September, just 95 fewer than it sold a year earlier. The namesake Honda brand recorded a 1.5% increase, while the Acura luxury brand fell 12.9%. Nissan Group posted a surprisingly strong month for U.S. sale...
After a record-breaking 2015, luxury sales are expected to slow down, that's what analysts say. It is hard to compete with last year's sales results, and we knew it all along. One of the Analysts say that at the moment, the possibility of 2016 to be able to beat 2015's record, is close to 0. For the past 10 years, sales for premium brands have grown faster than non-premium carmakers and SUVs have sold faster than cars. Though that trend is expected to continue, the market for new luxury cars and SUVs is beginning to cool after showing signs of tapering toward the end of ...
Even as incentive spending reaches a record high, U.S. new-vehicle sales are projected to decline for a second consecutive month. The forecasts reinforce the notion that industry sales have leveled off after six consecutive years of gains coming out of the recession. But analysts say the market is not on the brink of a downturn, either. Auto sales are tracking just about even with last year’s record-breaking pace, so there’s good reason to believe that they’ve hit a high plateau. At the very least, automakers can feel good that sales are consistently hovering at o...
This Wednesday the Volkswagen AG Chief Executive Matthias Mueller said he is hopeful the German automaker can reach agreement by the end of the year with the U.S. government on the size of a fine to settle a criminal investigation of the company's alleged violations of U.S. clean air laws. He added that he sees a good progress toward an agreement with U.S. regulators that could allow Volkswagen to repair certain 3.0 liter diesel engines that emit more pollutants than U.S, law allows. Speculation that the U.S. Justice Department will demand a multibillion-dollar fine to settle a ...
