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To clear out bulging inventories of unsold cars and dispel investor doubts about consumer demand, automakers in the United States are ramping up holiday sales promotions ahead of Black Friday. Detroit automakers need a strong year-end sales push. They are sitting on hefty inventories of unsold sedans, compact cars and sports cars as consumers shift to pickup trucks and SUVs. The share prices of General Motors, Ford Motor, and Fiat Chrysler Automobiles NV are flat to down for the year. This reflects investor concerns that a six-year auto sales boom in the United States is reaching an end and th...
The U.S. auto sales forecast in 2016 remains at 17.4 million vehicles, but with a bias toward the upside. That would allow a new record beyond last year's record of 17.39 million vehicles or 17.47 million vehicles. Next year is pivotal for the auto industry, due to the chance of an economic stimulus plan under a Donald Trump presidency and the likelihood that attractive consumer discounts, or incentives, are pulling some 2017 sales into the current year. The U.S. economy and auto industry could be facing a boom or bust, depending on which policies are focused on and implem...
Volkswagen will export the Atlas large SUV to Russia from the United States starting at the end of next year. The executive, who has knowledge of VW's product plans, added that the Atlas will be offered with a 2.0-liter diesel in Russia. The source said it is unlikely that the SUV will be sold in western Europe. When asked at the auto show here this week for confirmation on the plan for the Atlas, VW brand's sales and marketing boss, Juergen Stackmann, said that Russia is one of the markets they are considering. The Atlas, which will be build at VW's factory in Chattanoo...
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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...
