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The US auto sales have been booming for the past few years, and some of the upsurge has been driven by so-called “subprime” lending and by extended terms on loans. As we tend to have the most positive expectations, we can not exclude the worry among market observers who don't think sales can be sustained at their current near-record levels. When the counting is all-done in 2016, we will possibly not see such good sales results as in 2015 when a record of 17.5 million new cars and trucks rolled off dealer lots. We can still expect for 17.3 million this year. A slight ...
Fiat Chrysler Automobiles said it is recalling 1.9 million vehicles worldwide for an airbag defect that is linked to three deaths and five injuries. The aim of this recall is to resolve a defect that may prevent deployment of airbags and seat-belt pretensioners in some crashes. The recall includes models sold between 2010 and 2014, including the Chrysler Sebring, 200, Dodge Caliber, Avenger, Jeep Patriot and Compass SUVs. The data shows that about 1.4 million of the vehicles covered by the recall are in the U.S. Another 142,959 units are in Canada. The recall is the latest in a seri...
Car makers can expect for some favorable environment for lucrative truck and SUV sales into the next year. As the right conditions come together for a continued oil glut. That heralds lower prices at the pump, les painful driving, and less scrutiny of EPA mileage figures on Monroney stickers. Oil supply and inventories are rising, but the demand falls off sharply, since the overseas interests are conspiring to keep prices down— and in their favor. The International Energy Agency have predicted an oversupplied crude oil market, with “glut” conditions lasting until ...
Among all the vehicles offered by Ford Motor, the F-Series pickup truck has a special place in the auto market. In August 2016, nearly 67 thousand units of F-Series pickups were sold, with a YoY (year-over-year) decline of 6.1%. The F-150 is the heavy-duty, full-size pickup truck in the series. The F-150 line of trucks has been the best-selling vehicle in the United States for more than three decades now. This shows the company’s strength in maintaining its leadership in the US auto market (FXD). The significance of these pickup trucks is also immense for Ford, as pickup truck...
The average fuel-economy rating vehicles sold in the United States this August was about 25.3 miles per gallon, that's down 0.1 mpg if we compare it with the July average. The the average fuel-economy rating for all of 2015 cars sold was 25.3 mpg. We can truly say that fuel economy ratings on new automobiles sold out has improved by 5.2 miles per gallon, that's about 26%. Since the window sticker average is 5.2 mpg higher than when the data were first collected, the average is still 0.5 mpg below its all-time high of 25.8 mpg set in August 2014. Consumers started buyin...
