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The second quarter for the 2017th year started not so bad, after car makers showed disappointing sales results for the first one. That could’ve been a warning for other types of spending, but a late recovery helped stocks avoid bigger losses. Stocks tumbled in morning trading after automakers including Ford and General Motors said passenger car sales slumped last month. Auto parts and rental car companies also tumbled. Spending by shoppers is a critical part of economic growth and investors found themselves wondering if spending will keep growing as it has in recent years...
Tesla revealed that its sales on the first quarter have surged to 69% comparing to the last year’s sales. The automaker has sold approximately 13,450 Model S sedan and about 11,550 Model X sports utility vehicle models. The company has even better expectations, saying it might deliver 47,000 -50,000 Model S and Model X vehicles combined in the first half of 2017. In the fourth quarter, deliveries had fallen 9.4 percent due to short-term production hurdles from the transition to a new autopilot hardware. Tesla had said production challenges, which started at the end of Oct...
What’s the most important US economic data which will get revealed next week? Of course that’s U.S. auto sales for the third month of the this year. That’s how we will release what really consumers are up to, and if the stock market had a rough ride in 2017. What do we expect? Specialists say we must wait for another solid month of sales of 17 million new cars at a seasonally adjusted rate for March, but nothing like those 18.4 million we got in December. The number would however point to a third consecutive decline on a 12-month rolling basis. With sales peaking ...
When you ask people about their feelings for electric cars, you will get 2 answers, they either love them or either hate. There’s no one person who would be careless about the PEV market. Instead of just relying on opinions, especially at a time when everyone seems to have one, we decided to bring you some true PEV sales information from last year, putting together a handy infographic. What is this info based on? Among that we’ve got PEV density by state last year, the best-selling PEVs for 2016, and monthly sales compared to 2015. First off, if you look at the monthly s...
March U.S. new vehicle sales will be about 1.62 million units, that’s up about 1.9% from 1.59 million units a year earlier. The forecast was base on the first 16 selling days of the month. The seasonally adjusted annualized rate for the month will be 17.3 million vehicles, up from 16.8 million a year earlier. Retail sales to consumers, which do not include multiple fleet sales to rental agencies, businesses and government, were set to increase 1 percent in March. Highlighting "policy uncertainty" over whether Republican U.S. President Donald Trump will press ahead wi...
