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The days of auto sales increasing are reaching their end this month, at least that's what J.D. Power and LMC Automotive think.This May wasn't this friendly to new car sales, that is why they will fall down to 5.7% from the same month last year. The reason of such a decrease is partly because this year has two fewer selling days. That's how the seasonally adjusted annualized rate will slip to 17.4 million vehicles from 17.71 million in May a year earlier. This April, had the same adjusted annualized results as this May may have. Because of these runnin...
New cars sold in U.S. in May and June will retain about 47,8% of their sticker prices, which is down from the current 52% value for three-year-old vehicles. Customers will have a strong credit availability, five years of high residual value retention rates are predicted thanks to increased demand for new vehicles, and of course the low prices for gas. It's been revealed that for six straight years, U.S. light-vehicles sales have been growing, the record of 17,5 million vehicles sold a year ago is included too. Another 3,3% of sales grew were registered for first four month...
Ford Motor Company does business in a vast number of markets across the globe, no wonder it's quite interesting and not so easy to follow the up and down momentum of Ford's sales in its three most important markets: China, Europe and, of course, the United States.On Friday Ford announced its total sales in Europe rose 4.7% during April as Europe's automotive market continues to expand. The last month was an especially solid period for commercial vehicles, SUVs, performance cars, and higher priced trims. Commercial vehicles continues to be a strength for For...
Ride sharing apps that could compete with Uber for example, are one of the current interests of Apple. With sales of iPhones slowing, the company decided to diversify its investments and it will provide about $1 billion for the development of the Chinese-based Didi ride sharing app. Didi materialized last year and it became China’s largest ride sharing app. Additional services provided by Didi include taxi and private car services and even test drives. Apple CEO Tim Cook said they are extremely impressed by the business Didi have built and their excelle...
Many of us already know about Nissan trying to press for more U.S. growth. It's been revealed that the automaker is also alienating some of its parts suppliers. A newly released annual survey shows Nissan sank into a virtual last-place tie with Fiat Chrysler Automobiles. On the other side General Motors, improved significantly after Steve Kiefer got some great grades for his first year on the purchasing job after running GM Powertrain.The ratings that result from the questionnaire proposed by a Detroit-area consulting firm- Planning Perspectives Inc., come as Nissan and FCA need...
