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Although demand for SUVs and pickups continues to flourish, total U.S. new-vehicle (retail and fleet) sales in September are anticipated to dip 0.8% to less than 1.43 million units vs. 1.44 million unit sales in the same month of 2015. Despite a record level of incentive spending, Labor Day weekend sales, which are traditionally robust, were down 1% from last year, based on sales data collected during the first two weeks of September. The month’s retail deliveries are set to reach 1.185 million units, off 1.4% from last September’s 1.2 million. Fleet sales are expected ...
Considering the growth in auto industry has slowed down in 2016, and U.S. sales for General Motors and Ford were down 5.2% and 8.4% in August, comparing to the same month last year, the car companies aren’t accepting the downturn passively: to juice sales in September, incentive spending is at the highest levels ever. Automakers have been trying to boost sales by increasing incentives significantly. The average incentive in September is at a record high of $3,923 per unit. The beats the previous peak of $3,753 in December 2008- back when the Great Recession was kicking into fu...
Volvo's CEO says that Volvo Car USA has turned the corner with two of its 90-series vehicles on sale and others due early next year. A U.S. sales increase of 29 percent through August is evidence that Volvo's gutsy revival strategy was the right choice. Volvo is building all its vehicles on its flexible Scalable Product Architecture, or SPA. And it is using only turbo and supercharged Drive-E engines paired with optional plug-in hybrid power. Lex Kerssemakers says that the company is on a turnaround in the U.S. that started with the XC90. Volvo was starved for product for y...
Federal Auto Safety Regulators made it official, the nation's highways will be safer with more cars driven by machines and not humans.The Obama administration promised strong safety oversight, but sent a clear signal to automakers that the door was wide open for driverless cars. The director of the National Economic Council, Jeffrey Zients said that they envision as in the future, we will be able to take our hands off the wheel, and our commute will become restful or productive instead of frustrating and exhausting. He considers that automated vehicles will save time, money and ...
Fiat Chrysler Automobiles said it is recalling 1.9 million vehicles worldwide for an airbag defect that is linked to three deaths and five injuries. The aim of this recall is to resolve a defect that may prevent deployment of airbags and seat-belt pretensioners in some crashes. The recall includes models sold between 2010 and 2014, including the Chrysler Sebring, 200, Dodge Caliber, Avenger, Jeep Patriot and Compass SUVs. The data shows that about 1.4 million of the vehicles covered by the recall are in the U.S. Another 142,959 units are in Canada. The recall is the latest in a seri...
