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Automakers are on the cusp of a second record-breaking year for sales as dealers made an end-of-year push to empty their lots over the weekend. But even as the industry hopes to let the confetti fall on 2016, it must brace for a slowdown that analysts project will come to a head in the new year. Many analysts anticipate a photo finish when carmakers report their annual hauls Wednesday, with some forecasting that 2016 will edge out the previous year’s sales of 17.5 million autos by as few as 5,000 vehicles. If those projections prove true, 2016 would mark the seventh consecutive year of r...
No matter how auto sales turn out when they are reported Wednesday, it's going to be a squeaker. The auto industry is on the cusp of reporting another record year, perhaps topping 17.5 million new vehicles sold in the U.S. But the numbers are so close that forecasters are divided on the prospect. The focus is turning, instead, to 2017 to see whether the industry can reignite sales growth based on consumer optimism, a rising stock market and a healthy housing market. Some auto industry analysts say that retail automotive sales continue at a blistering pace, giving the auto indust...
Specialists forecast that 1,629,011 new cars and trucks will be sold in the U.S. in December, while the month is already over, we still don't know the results. This reflects an 18.5% increase from November 2016, but a 0.3 percent decrease from December 2015. Based on this forecast, they project a new annual record of 17,480,294 new cars and trucks will be sold in the U.S. in 2016. This would squeak past 2015’s record car sales by the slight margin of 0.03 percent – or less than 5,000 units. One trend running in the industry’s favor for a record-setting 2016 is ...
Japan's Takata, maker of defective air bags that have been linked to 11 U.S. deaths, could settle criminal charges with the U.S. Department of Justice before the Obama administration leaves office next month. Part of a settlement would include Takata pleading guilty to criminal misconduct. The Justice Department has investigated whether Takata hid information from safety regulators and issued misleading statements about the dangers posed by the air bags. Any deal would likely include a monitor to ensure Takata's compliance with the agreement. The Wall Street Journal, citing ...
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...
