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Last year was a record breaker for China car sales, comparing to US car sales. Monthly sales, which first cracked the 2 million mark as recently as 2013, surged above 3 million in December. Still, pessimists were focused on what would happen in January, when the rollback of a tax discount for small-engined cars was expected to hit demand. Sure enough, when January sales figures came out, they were up just 0.8 percent from a year earlier, compared with an average 14 percent pace of growth through 2016. Optimists' hopes were undimmed: The timing of Lunar New Ye...
It’s the first time in the last 6 months when the retail sales posted are this low. This indicates a tempering of the consumer spending that’s been carrying the economy. Purchases rose 0.1 percent, after a 0.6 percent increase in the prior month that was stronger than previously reported. Just four of the 13 major retail categories saw gains in February sales. Receipts dropped at electronics and appliances stores, apparel outlets and car dealers, a sign of more moderate consumption in the first quarter. While purchases may have been restrained by a temporary slowdown in ...
In February 2017, Ford’s F-Series truck US sales stood at 65,956 units with a YoY increase of ~9%. During the month, the strong demand for the newly launched F-Series Super Duty trucks continued in the company’s Retail segment. As a result, February 2017 was the best month for the company’s F-Series sales in the last 13 years. This strength was consistent with the robust retail sales performance of F-Series trucks in January 2017. In January 2016, the company sold 57,995 units of F-Series trucks, which was 13% higher on a YoY basis. These strengthening sales of Fo...
Since Donald Trump has become the new U.S. president he has been vowing to turn American trade policy toward a more protectionist stance. That includes imposing a 35 percent tariff on imported cars, could have far-reaching consequences for European automakers. European auto executives who gathered here last week for the annual Geneva auto show have found themselves having to deal unexpectedly with trade issues in markets, including Britain and the United States, that just a year ago seemed steady. Many European automakers produce and even export cars from the United States and Mexic...
Electric car sales in the U.S. continued their strong showing in February, and that exactly means that despite rumors we’re having another monthly record. The 12,049 plug-ins sold last month translate to roughly a growth rate of 55 percent and plug-ins now stand at a 0.90 percent market share. The big challenge, though, will be March, since that month in 2016 saw nearly 14,000 sales. The best-selling model so far this year has been the Chevrolet Volt, but a maturing market with a growing number of competitors means the differences between the leaders is pretty small. GM ...