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Audi's U.S. chief expects the brand to post another U.S. sales record in 2017. It's an ambitious goal, given that U.S. sales this year are expected to be flat, especially in the luxury car market. Scott Keogh, president of Audi of America, said he's convinced Audi can do it — without resorting to excessive incentives — based on the strength of its lineup. Keogh says they broke through 210,000 units last year. He thinks it's worth pointing out that if we look at Audi America in general, it took them 40 years to sell 100,000 cars for the very first time. Th...
We’re used to seeing the South Korean automotive business flourishing, which is why we were a bit surprised when Hyundai Motor and its smaller sibling Kia Motors revealed these poor sales for May. These car companies registered double-digit fall against a year-ago period as they face tougher challenge from Chinese rivals in the largest automobile market. Hyundai Motor and Kia Motors shipped out a total of 482,968 vehicles last month, down 14.3 percent from a year earlier. Overseas sales of Hyundai Motor came to 307,362 units, down 16.5 percent on year, while those of Kia Motor...
US May car sales finally revealed and surprisingly Ford Motor edged its archival and perennial first-place automaker General Motors sales when it came to sales last month. Although likely a temporary blip, Ford outsold crosstown rival GM by about 3,000 new cars and trucks in May, making it temporarily the largest automaker in the U.S. market. It was the first time Ford outsold GM since March 2016. Before that, it hadn't happened since March 2011. Ford's sales rose 2.4% for the month compared to the same month last year, GM was down 1.4% and the third of Detroit's Big 3, ...
Automakers are expected to report flat US car sales in May vs. a year earlier after demand fell in the first four months of 2017. Smaller and crossover SUVs are expected to offset continued weakness in cars, with General Motors likely to be the biggest beneficiary. Fiat Chrysler and Ford Motor are likely to see new-vehicle sales fall. Japanese automakers such as Honda should eke out tiny gains while South Korea's Hyundai-Kia, with far more cars in the vehicle mix, could see the biggest drop. Tesla does not provide monthly sales figures. Tesla will soon start rolling out its mass-market Mod...
Tomorrow the U.S. May auto sales will get revealed by the automakers, but before that here’s what specialists forecast. Expect the car sales to edge up 0.2% in May to 1.525M units. Sales for mid-size SUVs/crossovers are expected to jump 10%, while compact and mid-size car sales are seen dropping. Retail numbers for May are expected to finish strong, however they continue to be supported by considerable incentives and lease subvention. In recent months, leasing appears to be reaching its peak, which is expected, given declining residual values and which is contributing to this ...
