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Electric car sales in the U.S. continued their strong showing in February, and that exactly means that despite rumors we’re having another monthly record. The 12,049 plug-ins sold last month translate to roughly a growth rate of 55 percent and plug-ins now stand at a 0.90 percent market share. The big challenge, though, will be March, since that month in 2016 saw nearly 14,000 sales. The best-selling model so far this year has been the Chevrolet Volt, but a maturing market with a growing number of competitors means the differences between the leaders is pretty small. GM ...
Gasoline and oil prices just like always determined the future and the present of electric and plug-in car sales. Back in 2014 when oil prices fell down, hybrid vehicles took a hit along with their risidual values in several global markets. Plug-in electrified vehicles – battery electric and plug-in hybrid – saw similar trends emerging at first. However, PEVs have seen unit sales rise significantly in the U.S., Europe, and China during the past two years – as gasoline prices have stayed down. It appears that other market dynamics are influencing PEV sales now more ...
Detroit dreams of a day when American cars on Japanese roads would be more visible. Considering Japanese cars take a wide portion of US car market, why is it so hard for American car brands to do the same on Japanese market? American auto executives and trade negotiators and has become a renewed source of political friction under President Trump. Trump accuses Japan of shutting American producers out, by throwing up regulatory barriers and rigging the currency market in favor of Japanese brands. Such talk is alarming in Japan, where the auto industry is a pillar of the economy. When...
For nearly a year and a half, the Volkswagen Dieselgate scandal has been making headlines. While the headaches might not be over for Volkswagen executives, they could be coming to an end for U.S. owners of Audi, Porsche, and VW vehicles illegally designed to cheat on emissions tests. In fact, some believe that there could be a silver lining to Dieselgate's dark clouds: a small surge in auto sales, similar to the one spawned by the U.S. government's Cash-for-Clunkers program in the wake of the Great Recession. Car sales in America are going strong, but the rate of growth has ...
This may surprise you, but Volkswagen has become the world’s biggest car manufacturer, overtaking Toyota in the number of new vehicles sold in 2016 despite the damage it suffered in the diesel emissions scandal. Toyota had been the biggest seller for the past four years but its 2016 sales total of just under 10.2m vehicles, fell short of the more than 10.3m cars sold by VW. General Motors is reporting its 2016 sales next week, but industry analysts said it had no chance of overtaking VW. GM was third behind VW last year and held the top spot in 2011, when Toyota’s produc...
