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Sales of new vehicles are expected to tick up this year, because of steady interest rates and firmer brand. There had been three years of declines in auto sales. Before that, we had a number of very good years didn’t we, so are things just leveling off? The answer is yes. We had a couple of good years post the recession 2008-09. We had five or six years of consecutive growth and the last few years have seen the vehicle sales decline, mainly as a result of the depreciation of the brand. What we’ve seen is customer demand has not reduced at all over the course of the last t...
We knew that U.S. car and truck sales slipped 1.8% in January as automakers pulled back on bulk sales to rental, government and business fleets and concentrated on more profitable retail sales to individual consumers. Fleet sales, particularly those to rental agencies, are skewed toward passenger cars, which are falling out of favor as consumers shift to sport utility vehicles and trucks. Nissan's Rogue SUV continued to be Nissan’s top seller as sales soared 45.5% in January. It’s important to notice that 62.6% of January U.S. sales were of SUVs and trucks, up from 5...
Analysts were expecting China to sell more than 60,000 green cars and hybrids but the truth is that only 44,874 new electric cars were sold by December. But let's be honest, even with these results they outsold more plug-in vehicles than US or Europe did. Overall China car sales share rose to a record of 1.45% above the USA (0.8%) and Europe (1.4%). Despite the “disappointing” plateauing in December, which is a bit like what happens when you expect that Usain Bolt will break the 0–100 meter world record every time he goes on the track, looking at the big pictur...
It seems like after all these years or car sales growth, tough days are coming for automakers. The previous success starts working against them, it means car costumers have bought so many new cars in the last years that they have a very low interest in them right now. A glut of used vehicles has started to depress prices. That trend will intensify as Americans will return 3.36 million leased cars and trucks this year, another jump after a 33 percent surge in 2016. The fallout has already begun, with Ford Motor Co. shaving $300 million from its financial-services arm’s profit f...
Plastics have seen increased opportunities to get onto North American-made cars and trucks as automakers work to improve their fleets’ fuel economy. But the real growth lies ahead, when the need to reduce mass from today’s cars climbs to 15 percent and higher. In a new study, the Center for Automotive Research in Ann Arbor surveyed exactly what went into 44 different 2015 model year cars, then asked what materials carmakers would turn to if they need to cut 5 percent, 10 percent and finally 15 percent of the weight out of key parts. Jay Baron, CEO of the research group,...
