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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...
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...
Samsung, the South Korean electronics giant — which already makes popular but recently problem-plagued smartphones — said on Monday that it had agreed to buy Harman International Industries, an American automotive technology company, in an ambitious push into a whole different kind of mobile. Harman is best known for making car audio systems under brand names popular with audiophiles such as Harman/Kardon and JBL. But Harman’s appeal to Samsung comes from what it calls its connected car business — an operation that supplies a car’s navigation services, its onboard...
Tesla Motors has approached the Utah Supreme Court to get approval to sell its electric vehicles directly to the public without a third-party dealership, the Salt Lake Tribune says. For the past year, legislators within the state have voted against allowing the California-based automaker to pursue its distribution model. The Utah Supreme Court is expected to take a few weeks to rule on the issue. By approaching the court, Tesla's making good on the intentions made by Tesla chief Elon Musk this summer. Earlier this year, Tesla and Utah were working towards a potential compromise ...
How far has the U.S. market tilted toward pickups, SUVs and crossovers? Automakers are on pace to sell more than 10 million light trucks in a single calendar year for the first time. Meanwhile, car sales are on pace to fall below 7 million this year for the first time since 2011 and only the fourth time since 1962. So while it's increasingly unlikely that 2016 will beat last year's record for total light-vehicle volume, sales of the big vehicles that generate the bulk of many automakers' profits are at an all-time high. From that perspective, with gasoline prices expect...