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Honda CEO Takahiro Hachigo expects his company's U.S. sales to grow next year even as the market flattens, putting more pressure on North American production capacity that already is stretched to the limit. As a remedy, he soon may fire up Honda's Japan export engine. In an interview Hachigo said a blitz of key redesigns, starting this fall with the redesigned CR-V and continuing with updates to the Odyssey and Accord, will intensify the capacity problem. Takahiro Hachigo said that if they reach 1.7 million U.S. sales this year, then they will probably add on top of that nex...
The weekend Hurricane Matthew traveled up the East Coast, and that is the reason why vehicle online shopping traffic plummeted nearly 60%. The online advertising company compared traffic patterns of certain automotive websites from Oct. 7-9, when the hurricane hit the U.S., to the four weekends prior. The study found Savannah area shopping activity dropped 57%. In Charleston, online shopping traffic fell 55%. The cities of Florence and Myrtle Beach in South Carolina each saw a 41% decrease in traffic. Some residents in Savannah and Charleston were still returning home Sunday, Oct. 9...
The latest car sales data shows that in September 2016, the sales volume of entry-level luxury cars in the US fell 17.4% year-over-year (or YoY) to 49,118 vehicle units. We should say that it is a significant decline. For the same period, the sales of entry-level luxury SUVs rose 12.6% YoY to 54,145 units, and the sales of entry-level sports cars fell 9% YoY to 25,408 units. Top car models in these entry-level luxury and sports vehicle segments were the BMW 3 Series, Mercedes-Benz C-Class, Lexus RX, Ford Mustang, Chevrolet Camaro, and Dodge Challenger. A total of 11,590 mid-range lu...
The Ford Mustang suffered a 32-percent sales decline in September, handing the monthly sales crown to the Chevy Camaro for the first time in about two years. The company also said it is shutting down the Flat Rock Assembly Plant in Michigan for a week as it deals with slower sales. The shutdown started on October 10th with production set to resume on October 17th. The Flat Rock Assembly Plant is in charge of making Mustangs, as well as the Lincoln Continental. As a part of Ford's labor agreements, all 3,702 employees that work on the two vehicles will continue to be paid during the shutdow...
U.S. auto makers, responding to weaker demand for sedans and other passenger cars amid low gasoline prices, are rebalancing production at U.S. factories in favor of building more sport-utility vehicles and trucks. General Motors Co. said it plans to add 650 hourly workers in Tennessee at a plant making the GMC Acadia and the Cadillac XT5, two midsize SUVs. Idled for three years after the auto maker’s 2009 bankruptcy, the Spring Hill, Tenn., factory is playing an increasingly important role in GM’s U.S. operations. The job additions come a day after Ford Motor Co. idled a...
