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Toyota is heading into the summer with sales on the decline. While nearly all automakers reported sales problems this May, Toyota Motor's U.S. sales tumbled 9.6% last month.Almost all of the automaker's models posted sales declines.The automaker's namesake Toyota brand sold 192,657 vehicles, down 9.5% compared to the same period a year earlier. Sales of the luxury Lexus brand declined 10.1% to 26,682. In such a way analysts projecting declines for most major manufacturers in May, compared to the same month a year ago, were right. But Toyota suffered i...
As it's been predicted the auto sales started to go down. Looks like for the first time in 6 years U.S. auto industry recorded such big monthly sales drop results. May volume fell 6.1% to 1.5 million vehicles. Even the low gasoline prices failed on stopping the car sales drop. Only some domestic brands as: Fiat Chrysler, Subaru, Kia and Hyundai managed increases this May. Even with this strong drop the annual sales didn't become much worse than in 2015, 17,46 million vehicles versus 17.47 million last year. Ford Motor Co. still has some optimistic thoughts on that even ...
A suburban Phoenix Chevrolet dealership was fined $40,000 because federal regulators found out that it was selling recalled new vehicles without the proper repairs. After a two-year investigation, Sands Chevrolet of Surprise, Ariz., agreed to pay the civil penalty as part of a settlement with the National Highway Traffic Safety Administration.According to federal law it is forbidden to dealers to sell new vehicles subject to open recalls without fixing them first. The concerned dealership has changed its procedures to ensure that all vehicles are checked for open recal...
Single women are buying more SUV's, fueling a surge in demand that has 2016 on pace to top last year’s record 17.5 million light-vehicle sales in the U.S. Starting with 2010 to 2015, small SUV sales to women rose 34% compared with a 22% rise for men.. At the same time, premium small SUV's though smaller in raw numbers, saw 177% growth in sales to women. More than 40% among these female vehicle buyers aren't married. As a dealer or a carmaker you need to pay a lot of attention at professional females, who are single but need vehicles. They have their jobs, they make...
Jaguar Land Rover has recently reported record sales and a 10 per cent rise in revenues, but this didn't increase the annual profits of the carmaker. On the contrary, annual profits at Jaguar Land Rover have paradoxically fallen 40 per cent.This year the British automaker's sales increased 13 per cent to 521,571, and it is the first time the company has broken through the half-million sales barrier. JLR said its pre-tax profits fell down considerably a year earlier, primarily reflecting market conditions during the first half of the year, especially in Chi...
