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The Renault-Nissan alliance emerged as the world’s biggest seller of light vehicles in 2017, bumping Volkswagen off the top spot, after the inclusion of Mitsubishi's numbers boosted its final tally. The group sold vehicles in nearly 200 countries under 10 brands, led by China, the U.S., France and Japan. Nissan sales hit a record high of 5.82 million, while French carmaker Renault has reported sales of 3.76 million. Mitsubishi’s sales came in at 1.03 million, bringing total 2017 sales for the group to around 10.61 million light vehicles. Together, the three carmakers beat reco...
BMW Group has released its sales numbers for 2017 and they show the last 12 months for the company have been really successful. The announcement even goes on to say “the BMW Group reconfirms its position as the world’s leading premium automotive company,” but there’s a small catch. Nevertheless, the company was outsold by Mercedes-Benz, keeping the order in the three-way German luxury sales race unchanged. Sales of BMW brand models rose 4.2 percent in 2017 to 2.09 million passenger cars and SUVs, compared with a 9.9 percent gain to 2.29 million at Mercedes, w...
This year was not good for U.S. car sales, academics and researchers are talking about a pangent but not the worst decline in 2018. There are not so many specialists who dare to have a look beyond 2018, but Morgan Stanley did it and he doesn't like what it sees, with a technology-obsolescence inspired downturn so awful governament subsidies may be necessary to support the market.Meanwhile forecasts for 2018's decreases with 1.5% to off 5%. BMI Research rekons sales in 2018 will go down with 1.5%after a 1.1% fall this year. The Center for Automotive Research at the University...
Ford Motor Co. plans to end North American production of its Fusion midsize sedan at the end of the decade. The automaker has begun informing suppliers that it will not build the next-generation Fusion at its plant in Hermosillo, Mexico, where the car is currently made. It’s unclear whether Ford would stop selling the Fusion in the U.S., replace it with a different vehicle, or build it elsewhere. A spokesman declined to comment. The car will not be shipped to the United States from China, Ford said Wednesday, denying a Reuters report that the automaker would consolidate global...
Major automakers predicted a competitive December as they rushed to sell cars and boost their numbers before 2017 ends. Most of them posted mixed U.S. November new car sales. Now they're trying to sell down 2017 model-year vehicles, offering high discounts to consumers as the year-end nears. In 2016, the industry reported record annual sales of 17.55 million units. Discounts have been above 10 percent of the average transaction price for 16 of the past 17 months. The National Automobile Dealers Association expects new vehicle sales to decline to 16.7 million units in 2018, after...
