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As it was revealed after, US markets didn't do much in Friday's trading session. Weakness in US retail sales is already being felt, from an economic perspective the retail sales data wasn't to healthy. Sales for the month of July were flat, against expectations of a 0.4% gain. Excluding car sales, retail spending dropped 0.3%. The US car market looks like is betting it will never get to the end of it. There are always reasons for “data-dependent” to hold off. That is the reason why stocks are trading at-all time highs, even while the economy limps along like ...
Last year the U.S. auto sales set an all-time record for the first time in 15 years. The slow but steady economic recovery, low interest rates and depressed gas prices managed to make the 2015 economic environment a carmaker's dream. Unfortunately, this dream may morph into a full-fledged nightmare in just a few short years at least for members of the industry establishment like Ford Motor Co. (ticker: F), General Motors Co. (GM), Honda Motor Co. (HMC) and Toyota Motor Corp. (TM) If we take a look at the U.S. vehicle sales in 2016 thus far, we'd see no particular reason to p...
The 2017 Fiat 124 Spider is stylish, fun to drive and priced well under $30,000 for all but the top version. It's easily the best car in Fiat's four-vehicle U.S. lineup and a worthy successor to the storied original Fiat 124 Spider that debuted in November 1966. But the reincarnation of that iconic Italian sports car is built in Japan by Mazda. The two-seat convertible coupe -- powered by a turbocharged inline-four -- shares a platform with Mazda's MX-5 Miata, and the cars are built in the same plant. But the 124 Spider has a Fiat engine and transmission that together pro...
Hyundai Motor Co. and its smaller affiliate, Kia Motors Corp., saw their combined U.S. sales rise by more than 6 percent in July, thanks in large part to strong sales in sport utility vehicles. The two South Korean auto giants sold 134,972 units in the U.S. market last month, up from 127,324 units in the same month last year, exceeding the country’s automobile industry average growth rate of 5.3 percent. Hyundai reported that its sales rose 5.6 percent from last year to 75,003 while Kia reported a total of 59,969 units, up 6.4 percent compared with a year ago. Both automakers ...
There is still much space for the US auto sales to grow. Many car industry leaders have expressed their worries that the six-year expansion is about to lose steam. The analysts believe that the peak has passed, but car makers are still not ready to accept that. The seasonally adjusted, annualized rate of sales, a broad measure of the industry's health, peaked at 18.15 million light vehicles during the current cycle in October 2015. The pent-up demand following 2008-9 downturn has been exhausted, at least that's what economists think. Because of that they have predicted an anticipa...
