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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 ...
The average fuel-economy rating vehicles sold in the United States this August was about 25.3 miles per gallon, that's down 0.1 mpg if we compare it with the July average. The the average fuel-economy rating for all of 2015 cars sold was 25.3 mpg. We can truly say that fuel economy ratings on new automobiles sold out has improved by 5.2 miles per gallon, that's about 26%. Since the window sticker average is 5.2 mpg higher than when the data were first collected, the average is still 0.5 mpg below its all-time high of 25.8 mpg set in August 2014. Consumers started buyin...
The 4.1% decline in U.S. new-vehicle sales in August provided more evidence of plateauing of consumer demand. The numbers further underscored the waning interest of buyers for sedans, especially in the midsize category. The U.S. automotive market's six-year recovery following the global financial crisis has been carried mostly by trucks, SUVs and crossovers. In August, for example, Toyota's (TM) RAV4 midsize crossover for the first time outsold the Japanese automaker's best-selling Camry sedan, 33,171 to 32,864. For Nissan (NSANY), the automaker's Rogue crossover in...
Nissan has officially announced the starting prices and warranty for its 2017 Titan Crew Cab half-ton and Titan XD Crew Cab full-size pickup trucks, as it looks to grab a bigger piece of the hot U.S. market. The 2017 Titan Crew Cab half-ton will start at $34,780 for the S trim level with 4x2 drive. That includes Nissan's new 5.6-liter Endurance V-8 engine. The 2017 Titan XD Crew Cab will start at $36,290 for the S trim level with a 390-horsepower, 5.6-L V-8. The Japanese automaker also said Monday it is offering a five-year/100,000-mile bumper-to-bumper warranty on the trucks. ...
In July 2016, US truck sales stood at 0.92 million units, which is 8.7% higher than the 0.85 million units in July 2015. By contrast, US car sales in July 2016 fell to 0.58 million units as compared to 0.65 million units in July 2015. This car sales data suggests a YoY (year-over-year) decline of 9.8%. Let’s take a closer look. The SAAR (seasonally adjusted annual rate) of US truck sales jumped to 10.91 million in July 2016, which was much higher than the SAAR of 10.1 million units one month previously. In July 2015, the SAAR of US truck sales was reported at 9.97 million vehi...
