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We don't know if the electric car sales are poised to accelerate in sales, or will they be stuck in neutral, but the latest forecast tells us what could occur under existing policies as technologies continue to evolve. Previously we had been expecting electrics to remain a tiny share of U.S. vehicle sales for decades to come. But now we see a brighter future for electric vehicles, with annual sales topping 1.2 million cars by 2025 plus an additional 186,000 light trucks. That's nearly double its forecast from last year, and nearly 10 times its forecast from 2014. ...
U.S. sales of new cars and trucks hit a record high in 2016, automakers said on Wednesday, and investors bid up shares in the sector as strong consumer confidence and relatively low fuel prices bolstered the industry's outlook. December sales rose 3 percent, and on a seasonally adjusted annualized basis were 18.43 million vehicles. The results prompted executives from the three biggest sellers in the U.S. market, GM, Ford, and Toyota Motor Corp, (7203.T), to predict that this year's sales will be near 2016's record levels. U.S. consumer confidence reached levels not see...
BMW vehicles which have an electric motor and battery are now approximately 1 out of every 16 BMW USA passenger car sales (6.4% of such sales). The sales include BMW i3, BMW i8 and BMW 330e models. The BMW X5 xDrive 40e was not included in this calculation since it falls under BMW’s light trucks category — it accounts for 4.3% of that category’s sales. Overall, that means plug-in cars accounted for 5.55% of all BMW brand sales in the US in November. BMW, Nissan, and GM are often identified as the Big Auto companies most focused on advancing electric cars in th...
If you want to analyse the US green car sales for November, you first have to start with the fact that Volkswagen stopped selling its diesel vehicles for a year now. That means that, statistically, demand levels for hybrids, plug-ins and diesels in November could finally be measured on an even playing field for the first time in 2016. But there's more to the story of what was easily this year's most impressive month for green-car sales. Americans bought more than 39,000 green cars in November, marking a 26-percent surge from a year earlier. For comparison purposes, October a...
Although stores selling the Lexus, Audi, Infiniti and Acura luxury brands are seeing double-digit profit declines this year, profits at Toyota and Honda dealerships are growing. Nissan and Acura dealers experienced the biggest declines. Alan Haig, president of buy-sell advisory firm Haig Partners in Fort Lauderdale, Fla, said that this is the first time such data has been published. He claims that this visibility into earnings will give owners, buyers and sellers insight into what they should be doing. He also added that this can also spark conversation between dealers and automakers on w...
