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In just a few hours car companies will reveal their sales results for this November and we expect them to be not so bad since they had many chances to increase their income due to Thanksgiving holidays. We project a total U.S. vehicle sales for this month, including fleet and deliveries to hit 1.367 million units,, which is up 3.6% from the same period last year. On a daily selling rate basis, adjusted for the extra sales days, we expect transactions to decline by upward of 4.7% year over year. And excluding fleet sales, deliveries made to rental-car companies and other bulk buyers,...
Ontario plans to become the first province to allow self-driving vehicles to be tested on public roads. Testing of autonomous or self-driving vehicles can begin as early as Jan. 1, as Ontario seeks to grab a share of the billions of dollars auto makers, parts companies and technology giants are spending to develop cars that drive themselves. The province’s move will create better opportunities for Canadian companies to test components and show automakers their technologies. The prospect of self-driving cars was believed to be decades away, but tech companies and automakers are...
Black Friday sales and the start of year-end deals are helping, but can’t quite disguise that in all probability, retail demand for autos actually softened in November. That’s despite a near-record average discount of $3,886 per unit, up 15% from November 2015. On Thursday, Dec. 1, U.S. automakers are expected to report November sales. The good news is, sales may be softening, but that’s compared with record levels last year. On a pessimistic or realistic note, depending on your point of view, retail auto sales are expected to decline about 2% in November 2016 vs. ...
It seems like U.S. auto sales are on pace for the strongest November ever, four forecasters say, breaking the industry’s streak of three consecutive monthly declines and keeping open the possibility that 2016 can squeak ahead of last year’s record. Big promotions over the long Thanksgiving weekend and two extra selling days in the month are expected to push sales up 4 percent from November 2015. Some companies are projecting 5 percent increase, while others estimate a 2.7 percent gain. The forecasts call for a seasonally adjusted, annualized selling rate of 17.6 million ...
A group of automakers and tech firms advocating for autonomous vehicles has called on U.S. regulators to change federal auto safety standards that effectively prohibit the operation of a car without the presence of a driver. The Self-Driving Coalition for Safer Streets wants the National Highway Traffic Safety Administration to amend certain Federal Motor Vehicle Safety Standards that it says limit fully autonomous vehicles, the group said in a statement. The group, whose founding members are Ford Motor Co., Google, Volvo, Uber and Lyft, also called on Congress to enact legislation ...
