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It's absolutely clear to everyone now that the U.S. auto sales begin to ebb, that is the main reason why the American auto giant General Motors is eyeing growth in China as an even more crucial component of its business. GM auto sales in China through the first eight months of the year jumped 8.1% to 2.38 million, compared with a 4.2% drop to 1.96 million in the U.S.. That included 293,537 autos sold in August, a monthly record and up 18% from the year-ago period. The president of GM China has admitted that this growth was expected by the company, and this year has really been r...
Among all the vehicles offered by Ford Motor, the F-Series pickup truck has a special place in the auto market. In August 2016, nearly 67 thousand units of F-Series pickups were sold, with a YoY (year-over-year) decline of 6.1%. The F-150 is the heavy-duty, full-size pickup truck in the series. The F-150 line of trucks has been the best-selling vehicle in the United States for more than three decades now. This shows the company’s strength in maintaining its leadership in the US auto market (FXD). The significance of these pickup trucks is also immense for Ford, as pickup truck...
After GM finally admitted that 3.64 million vehicles in the U.S. are equipped with airbags, which could possibly not deploy, a large recall of it has started. People are afraid of crashes which might happen with anyone, and in a critical moment the airbags which need to deploy, won't. General Motors was forced to announce a recall of numerous 2014-17 models, on which the issue needs to get fixed, because it could also disable seatbelt pretensioners. Of course, there are still some circumstances which remain as a mystery to us, for example why they have found out about the proble...
General Motors has taken a beating in the headlines this year as falling U.S. sales have cost it nearly a full point of market share. U.S. vice president of sales, Kurt McNeil, says GM's deliberate move to cut low-profit sales to rental car companies and focus on more lucrative retail sales to individual customers is behind the drop. But the auto industry's focus on top-line sales numbers has made GM look bad compared with competitors. Kurt McNeil claims he has a strategy that can help GM to increase its sales numbers, despite the fact that GM's market share has fallen ...
Economic indicators point to a strengthening economy, which means more Americans are choosing luxury cars than in recent years. In August 2016, the sales volume of entry-level luxury cars in the US dropped by a significant 19.6% YoY (year-over-year) to ~53,000 units. For the same period, the sales of entry-level luxury SUVs (sports utility vehicles) increased by 11.3% YoY to more than 58,000 units, while the sales of entry-level sports cars dropped by 17.8% YoY to nearly 26,000 units. Top car models in the entry-level luxury and sports vehicle segments included the BMW 3 Series, Mer...
