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For the third year the U.S. new vehicle sales will stay above 17 million, forecasts say we must expect volume to finish out this year during 17.4 million, descending somewhat brief of 2015’s record of 17.47 million. Specialists believe automobile sales movement will continue by 2017, upheld by plain altogether U.S. mercantile growth, gasoline prices remaining subsequent $2 a gallon and a jolt off of domestic fallout from a warn choosing of Donald Trump as U.S. president. They also revealed they see an intensity for a second half swell in 2017, maybe pushing sales to 17.3 milli...
At the Los Angeles Auto Show, CEO Brian Krzanich said Intel Capital intended to invest more than $250 million over the next two years to develop technology for autonomous vehicles. During his keynote speech, Krzanich said the company would use its expertise to handle vision processing, 5G connectivity, cloud computing, machine learning and security. Intel, which traditionally has not been a major automotive supplier, has been expanding its presence in recent years. Over the past 12 months, the company says it has booked contracts with a variety of automakers worth $1 billion. Custom...
Over the next 10 years expect the car dealerships to have a evolution, but don't let yourself get tricked it's not gonna be a revolution. The changes are coming to auto dealerships, that's something inevitable, but it's not gonna be a disruptive overthrow of the business model. The goal of the research was to look at the state of auto retailing in 2025. NADA commissioned the study in March as a way to stimulate long-term thinking and planning among dealers, the report's gonna be presented at the end of the week. The dealership model will remain dominant, with dir...
Electric cars are coming, like it or not. Some companies are trying to get ahead of the curve, like BMW, which has high aspirations for electric sales volume in the coming year. Longer range, more sales. That's a very simplified version of what BMW is hoping from its plug-in vehicle line up. In fact, Bimmer is expecting to sell as many electric vehicles and plug-in hybrids in 2017 as it has for the past three years combined. BMW will sell about 60,000 plug-in vehicles this year, and is hoping to boost that annual total to 100,000 units for 2017. The key to this lofty goal is the...
Even though GM introduced its new Chevrolet Cruze to the market, the inventories have swelled as more buyers choose SUVs. General Motors said last week that it's planning to cut third shifts at two U.S. car factories. The car models in question, the Cadillac ATS and CTS, and Chevrolet Cruze and Chevrolet Camaro, haven't been selling as quickly as GM would like, and inventories have risen sharply. That wasn't really a surprise. GM is far from the only automaker to see car sales slump as more and more buyers gravitate toward SUVs. But inventories of some of those mode...
