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This October as predicted is another month to set low U.S. car sales. The car sales numbers will fall below the same month a year ago despite a relatively high level of incentives car sales are especially on the decline, as opposed to trucks, a category that includes pickups, SUVs, crossover SUVs and minivans. Based on online shopping, we are expecting total U.S. auto sales, including cars and trucks, to fall about 6% in October. The fact that October 2016 had fewer official “selling days” than October 2015, and sales were especially strong a year ago contributed to a po...
U.S. new-vehicle sales are expected to decline for a third consecutive month, but the industry’s selling rate could reach its highest point of the year because of the way October falls in the calendar. Forecasts show sales falling 6 to 8 percent from a year ago. That would be a better performance than it appears because October has two fewer selling days than it did in 2015. Analysts said Hurricane Matthew also slowed sales in the Southeast early in the month. The forecasts translate to a seasonally adjusted, annualized selling rate of 17.7 million to 17.9 million. That compar...
Toyota has lots of headaches this time with the potential deadly airbags. After it has recalled approximately six million more vehicles worldwide over defective Takata air bag inflators, bringing the total number of vehicles recalled to more than 23 million, it had to face another problem. A California woman died last month because of the faulty inflators- and it's one of the eleven victims in the U.S.. Used car dealers can sell vehicles with open safety recalls legally, even though many consumers may be unaware of the cars’ dangers. But now one dealership owner is taking ...
For the second time in its history Tesla Motors Inc. reported net income, making $22 million net for the third quarter. This month, Tesla said it delivered 24,500 cars in the third quarter, putting it on track to hit its goal of 50,000 vehicle sales for the second half of 2016. A significant part of Tesla’s third quarter revenue came from pollution credits it sold to other automakers. In the third quarter, Tesla booked $139 million in those credits, up from $39 million a year ago. The company said it expects revenue from those credits to decline in the fourth quarter. Quarterl...
Toyota Motor Corp.’s Lexus and Toyota brands held their lead atop Consumer Reports’ annual reliability rankings, while General Motors Co.’s 117-year-old Buick line became the first from the U.S. to win one of the list’s top three places. The survey, a buying bible to car shoppers that has been dominated by Japanese automakers, has more international representation this year. As other automakers catch up to Japan’s manufacturers, both Subaru and Honda tumbled from the top group of “more reliable” brands, with Honda’s Civic compact car losing its l...
