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Pickup trucks are those vehicles used primarily as work but not anymore. It could have happened until the 1950s when consumers used to buy pickups because they needed to use them in work, now they buy them because they love them. The pickup truck is now the top-selling vehicle in the United States. Domestically, the three top-selling vehicles for the month of January are all trucks. The Ford Motor Co. F-Series took the number one spot, with nearly 60,000 vehicles sold last month. Chevrolet Silverado from General Motors Co. (NYSE: GM) sold 35,553 vehicles and the Fiat Chrysler Automo...
US car sales declined during January, we think the reason is pretty obvious: high incentive in December, low sales in January. Even so, the analysts are pretty sure that vehicles sales last month showed good results, and it won’t be the same for February. Customer confidence, better deals on vehicles and low gasoline prices will raise the demand for vehicles once summer sets. The seasonally adjusted annualized sales rate stood at 17.6 million vehicles for the month as compared with 17.9 million vehicles from the last year. Here's a detailed look at the auto sales of the automake...
It's a hard goal for the car industry in US to sell more than 17 million cars and light trucks year. Buyer demand will become sated at one point. Of course there will come the moment when manufacturers will be forced to offer less attractive deals in order to keep the customer interested, but even this strategy can't work forever. Thus, sales would begin to drop from their recent peak, which will create a set of difficult challenges for car companies that operate in the United States. A forecast for January sales predicts a dip of 3% to 1.13 million, which translates into 31...
It's obvious that the auto industry is not able sell 17 million cars and light trucks in America year after year. At some point buyer demand will become sated. Higher interest rates will force manufacturers to offer less attractive deals. Thus, sales would begin to drop from their recent peak, which will create a set of difficult challenges for car companies that operate in the United States. A forecast for January sales predicts a dip of 3% to 1.13 million, which translates into 31,000 vehicles. Some car companies will start to be part of trends that may erode their earnings. A...
First of all we'd like to state the obvious: Gasoline prices were low. Although OPEC’s September announcement to restrict oil production hiked pump prices during the final quarter, the nationwide average price for regular has yet to top $2.40 per gallon. Back in February 2016, retail prices fell as low as $1.72. Low interest rates continued to keep financing and leasing attractive. Through the third quarter of 2016, 86 percent of all new-car buyers financed in some capacity, at average rates of 2.6 percent and 3.6 percent for the two top credit tiers, and the national aver...
