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While U.S. auto sales are likely to set a record before 2016 draws to a close as it beats last year's mark of 17.5 million new cars and trucks, 2017 probably won't fare as well. In fact, it may surprise many people as Ford, Fiat Chrysler Automobiles and General Motors are already closing production plants. Although last year's record will be broken, there's already a decrease in sales this December and forecasts say that the trend will continue throughout 2017. Apparently the three largest manufacturers in the country, Ford, General Motors and FCA, are already gettin...
It looks like 2016 U.S. auto sales may set a new record after all, by the thinnest of margins. On Wednesday, Jan 4. automakers will finally reveal their December auto sales and the sales for the full year. Specialists predicted 2016 sales would fall short of last year’s record by about 0.1 percent. Either way, call it flat, statistically. Still, that’s better than forecasters expected a few months ago. Analysts began 2016 with high hopes for another record, but toned down their expectations halfway into the year, because of cooler consumer demand and rising sticker price...
Yes, this year will go down as another big year for the U.S. auto industry. The question is whether it will go down as another record year. Following a strong November showing, total U.S. sales through 11 months this year have surpassed those through the same point in 2015, which went down as the strongest sales year on record. But the difference is razor-thin – just 6,418 units. J.D. Power and LMC Automotive, in a forecast released Thursday, said 2016 should reach 17.5 million vehicles sold, breaking 2015's annual sales record by only about 26,000 units. That would mark a...
Automakers may recall as many as 400,000 vehicles that have Autoliv Inc. seat belt and airbag parts worldwide, the Swedish auto safety parts maker said on Friday. No crashes or injuries have been reported in the two separate issues Autoliv reported to U.S. safety regulators and the costs of the potential recalls will not be material to Autoliv earnings, company spokesman Thomas Jonsson said. Autoliv said there are possible glitches in its widely used seat belt pretensioners, which work to tighten seat belts to better secure a driver or passenger, and a product that initiates the pro...
The EPA yesterday told an automaker lobbyist group that it will not extend the deadline for a review of strict fuel economy standards through the 2025 vehicle model year, indicating the agency will push ahead with a plan to make the rules final before the Obama administration leaves office Jan. 20. Acting EPA Assistant Administrator Janet McCabe informed the Alliance of Automobile Manufacturers, which includes most major automakers in the U.S. market. The auto manufacturers group had also requested that the EPA withdraw its plans to finalize the new standards. The denial of the aut...
