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As automakers are doing their best to get rid off too much inventory, buyers can expect sweeter deals on small and mid-size cars. This July wasn’t expected to be a good month for US car sales but at the same time, the data are not so bad. Overall auto sales fell 7% from a year earlier to 1.42 million vehicles. Buyers will eventually have fewer choices of passenger cars as automakers shift more of their engineering resources into crossovers, SUVs and pickups. Average discounts per vehicle rose 5% to about $3,600, compared with a year earlier. Meanwhile, transaction prices ...
The performance-oriented Jaguar E-Pace compact crossover will slot in one of the market's hottest segments, has a starting price under $40,000, and is loaded with connectivity and safety features, such as head-up display and a semiautonomous off-road driving system that allows the driver to take his or her feet off the pedals while the vehicle drives over slippery terrain. The E-Pace is also fast, with one model reaching 60 mph in under 6 seconds. Finbar McFall, Jaguar Land Rover's global product marketing director, says that the company expects 80 percent of customers to be...
Ford Motor Co. said Tuesday that it is recalling about 6,000 Ford Edge, Ford Fusion and Lincoln MKZ 2.0-liter gasoline vehicles that have improperly welded torque converter studs. The affected vehicles are:•2017 Ford Edge crossovers built at Oakville (Ontario) Assembly Plant from April 25 to June 20.•2017 Ford Fusion sedans built at Hermosillo (Mexico) Assembly Plant from May 4 to June 19.•2017 Lincoln MKZ sedans built at Hermosillo from May 4 to June 19.In each case, dealers will replace the affected parts for free. The automaker said the affected vehicles...
It seems like unlike sedans and coupes, the SUV and Crossover segments won’t slow down anytime soon. The latest survey shows that consumer loyalty for these two types of vehicles reached an all-time high in April. More than two-thirds of SUV and crossover owners who returned to the market in the first four months of 2017 purchased another new SUV or crossover. Consumer loyalty for SUVs and crossovers grew from 53 percent in 2012 to 66 percent in April 2017. Loyalty for all SUV and crossover body styles is now nearly 14 percentage points greater than the industry average -- 53 ...
By saying the U.S. auto market goes down specialists literally ignore the fact that a shakeout normally requires a recession and rising unemployment to poison the market’s health, which by the way isn’t visible yet. Saying the consumer lending is currently in crisis is a wrong path, just like the worries that the U.S. car sales are about to dive by between 1 million to 4 million annually over the next 3 years. The downward spiral can be saved by another government “cash for clunkers” subsidies. A stretched consumer, falling used prices, and technological obso...
