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New car registration figures for March reveal a sharp drop in sales. The number of sales is 15.7 percent lower compared to the same month last year. A big part of that fall is due to bumper sales in March 2017, as drivers flooded the dealers to beat the then-new road tax system. The old tax model based on carbon dioxide was favorable to diesel cars. That’s because diesel-powered cars emit lesser CO2 than their petrol counterparts. That explains in a way diesel’s decline, with a 37.2 percent fall in sales last month, compared to a fall of 23,5 percent in February.&nb...
Donald Trump proposed a 25 percent tariff on some goods, including automobiles, imported from China. This could put a kink in the plans of Ford, GM, Volvo as well as the Chinese brand Guangzhou Automobile Group, who planned to enter the US market next year. Volvo is importing S60 Inscription since 2015 from China; GM imports the Cadillac CT6 plug-in hybrid and Buick Envision; Ford was planning on starting to build the Focus Compact there and importing it. China retaliated, announcing its own 25 percent tax on imports including chemicals, soybeans, aircraft, and cars...
General Motors Co and Fiat Chrysler Automobiles, both posted sales gains in new vehicles in March. The luckiest this month is GM, the company revealed a 16% jump in new car sales compared to the same month last year. Fiat Chrysler reported a 14% increase in sales in March. FCA said it saw a 45% spike in sales of its popular Jeep models, giving the brand its best sales month on record. The strong results for March followed a weak performance in February. Last year, U.S. auto sales fell 2 percent after hitting a record high of 17.55 million units in 2016. Sales are expected ...
General Motors will stop reporting the U.S. vehicle sales. The company thinks that the snapshot of 30-days doesn’t reflect the actual situation of the market. GM will also no longer report monthly sales in China, its largest market, and Brazil. The company will still have to provide its monthly sales to the U.S. Federal Reserve, industry associations and government agencies across the globe but the information won’t be public for simple people anymore. GM and its Detroit rivals Ford Motor Co and Fiat Chrysler Automobiles NV have relied heavily on sales of high-margin pic...
Just 200,000 plug-in electric cars were sold in the U.S. last year. Although that's the highest number yet, it's still just a little more than 1 percent of the market. Nowadays the general car-buying public at large is aware that EVs exist, but most of them consider that electric cars are not viable and practical. According to the recent data from California, the state's buyers are no more aware of electric vehicles than they were three years ago, when far fewer of them were available. This makes electric-car advocates worry that growing electric-car sales will arrive o...
