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It's three-quarters of the way through the year, and green-car watchers can probably surmise that 2016 won't likely be a banner year for sales of hybrids, plug-in hybrids, or – gasp – diesels. Through September, US green-car sales have fallen a solid 19 percent from a year earlier to about 321,000 units. And that's factoring plug-in vehicle sales that have risen 16 percent to almost 87,000 units. With that context, then, September wasn't a bad month: last month's green-car sales were down just one percent from a year earlier to more than 40,000 vehicles. &n...
After a record-breaking 2015, luxury sales are expected to slow down, that's what analysts say. It is hard to compete with last year's sales results, and we knew it all along. One of the Analysts say that at the moment, the possibility of 2016 to be able to beat 2015's record, is close to 0. For the past 10 years, sales for premium brands have grown faster than non-premium carmakers and SUVs have sold faster than cars. Though that trend is expected to continue, the market for new luxury cars and SUVs is beginning to cool after showing signs of tapering toward the end of ...
This August U.S. gasoline consumption hit a new peak of 9.7 million barrels a day, a growth in demand that many oil bulls believe will be the driver for higher crude oil prices. Specialists are forecasting a increase of gasoline consumption by 1.9% to 9.33 million barrels a day in 2016, it means the record set in 2007 will be surpassed. Even though the gasoline growth is stronger than ever now, a downside in the industry is still predicted. Fuel efficient vehicles are likely to gain more popularity on greater environmental awareness. The world started to realize the need for cleaner...
This Wednesday the Volkswagen AG Chief Executive Matthias Mueller said he is hopeful the German automaker can reach agreement by the end of the year with the U.S. government on the size of a fine to settle a criminal investigation of the company's alleged violations of U.S. clean air laws. He added that he sees a good progress toward an agreement with U.S. regulators that could allow Volkswagen to repair certain 3.0 liter diesel engines that emit more pollutants than U.S, law allows. Speculation that the U.S. Justice Department will demand a multibillion-dollar fine to settle a ...
Considering the growth in auto industry has slowed down in 2016, and U.S. sales for General Motors and Ford were down 5.2% and 8.4% in August, comparing to the same month last year, the car companies aren’t accepting the downturn passively: to juice sales in September, incentive spending is at the highest levels ever. Automakers have been trying to boost sales by increasing incentives significantly. The average incentive in September is at a record high of $3,923 per unit. The beats the previous peak of $3,753 in December 2008- back when the Great Recession was kicking into fu...
