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Toyota Motor Corp. posted its first U.S. sales gain of the year, despite a continuing slide at Lexus, as light-truck deliveries overcame weakness in cars. The automaker's 2.1 percent increase ended a drought that had seen sales fall 4.7 percent through May. Lexus, however, dropped 5.4 percent, for its ninth consecutive monthly decline. Sales at Toyota Division, including a small number of vehicles from the defunct Scion brand, grew 3.2 percent last month to 177,981 vehicles. For the first half of the year, the automaker reported a sales drop of 3.6 percent compared with the same...
Major automakers have reported their June sales data and let’s just say they were below our expectations. Even hefty consumer discounts and looser loan terms, couldn’t help car brands revive their new car sales.GM said its sales fell about 5 percent versus June 2016, but that the industry would see stronger sales in the second half of 2017 versus the first half. General Motors’ shares added 1.8 percent on Monday, while Ford shares rose 3.3 percent. Ford Motor Co said its June sales were hit by lower fleet sales to rental agencies, businesses and government entities...
Wall Street is fretting that the U.S. auto industry is heading for a downturn, but for thousands of workers at General Motors factories in the United States, the hard times are already here. Matt Streb, 36, was one of 1,200 workers laid off on Jan. 20 – inauguration day for President Donald Trump – when GM canceled the third shift at its Lordstown small-car factory here. Sales of the Chevrolet Cruze sedan, the only vehicle the plant makes, have nosedived as U.S. consumers switch to crossovers, SUVs and pickup trucks. Streb is looking for another job, but employers are wary because ...
Hyundai USA and its smaller affiliate Kia Motors revealed their US sales and it turns out that even though their sales in China plunged 65%, the situation was a bit different here in US. Their combined sales in the U.S. market fell 1.9 percent in April and 11.5 percent in May, continuing on the downward spiral. According to the data compiled by Hyundai Motor America and Kia Motors America on June 2, the combined U.S. sales of Hyundai-Kia Motors in May decreased 11.5 percent on-year to 118,518 units. By brand, Hyundai Motor sold a total of 60,011 units in the U.S. last month, do...
Automakers are expected to report flat US car sales in May vs. a year earlier after demand fell in the first four months of 2017. Smaller and crossover SUVs are expected to offset continued weakness in cars, with General Motors likely to be the biggest beneficiary. Fiat Chrysler and Ford Motor are likely to see new-vehicle sales fall. Japanese automakers such as Honda should eke out tiny gains while South Korea's Hyundai-Kia, with far more cars in the vehicle mix, could see the biggest drop. Tesla does not provide monthly sales figures. Tesla will soon start rolling out its mass-market Mod...
