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Many drivers scrambled to replace their flood-damaged cars in the past six weeks, as a result the seasonally adjusted annual sales rate for all U.S. light vehicles hit 18,57 million units last month. That was up from 16.14 million in August and well above 16.0 million forecast. It was the highest sales rate since July 2005. While U.S. sales rose beyond the storm zones, according to automakers and dealers, much of the September gains came after Hurricane Harvey hit Texas. Replacing cars during the recovery in southeast Texas and Florida will boost U.S. new and used auto sales through...
Surely, not any of us can afford buying a new car, there are many cases when we don’t even want one and opt for a used one. Gently used vehicles are an appealing alternative, and not the worst one. But while cars that plug in take only a small share of new-vehicle purchases today—about 1 percent—they're apparently very popular once they're used. In fact, electric and plug-in cars dominate the top 10 fastest-selling used vehicles. Six of the top 10 vehicles boast some sort of electrification, and two of those are purely electric. The fastest-selling used car...
The average annual turnover for sales people in the automotive business is 67%. Also, it’s important to notice that this job is not the one job seekers are interested in. Only about a quarter of them in the industry would also be interested in selling jobs at a dealership. If you’re a dealer, you think, ‘Why would I want to invest in people if they’re going to quit? But they quit because of a lack of training. So it’s a case of the chicken or the egg.” Of the 800 job seekers surveyed, 5 percent said they’d be interested in working in the automotiv...
Ford Motor Co. has designed a light signal system for autonomous cars that company officials say helps solve the problem of self-driving cars safely interacting with pedestrians, bicyclists and human drivers. Ford engineers said they hope tests results from real-world encounters will pave the way for standardization and industry-wide adoption. The white light display, located at the top of the windshield, is designed to communicate intent to yield way or accelerate from a stop, which today is done through hand gestures, head nods and eye contact. The display’s color and locati...
General Motors dealers could face major penalties, even termination, if they fail to use a new disclosure form for customers who buy non-GM service contracts, a new or used vehicle with non-GM accessories or used vehicles with non-GM parts, the automaker told dealers last month. But by enforcing the new disclosure process and draconian penalties, GM itself may be violating its franchise agreement, said dealership lawyers and associations, pushing back against the automaker's notice. Under GM's franchise agreement, dealers for several years have been requi...
