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We expect the U.S. car sales numbers to arrive this Tuesday and Nissan Motor. Co is probably gonna be the winner this October, getting the largest market share. Tyhe company's sales may have slipped only 1.5% in October, but if we compare it to General Motors which sales fell approximately 6.9% and Ford Motor with a drop of 11% than these results are pretty great. What actually stays behind thiese good sales results?! It's something we do not discuss in public every day, but something real, the aggressive dealer-incentive program that keeps its sales stronger than ever. Niss...
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 ...
Bill Ford is tired of hearing the future of cars belongs to Silicon Valley. Yet for years, the Apple and Google crowd have been telling him that only Big Tech can make driverless vehicles. The Ford Motor Co. executive chairman and great-grandson of auto pioneer Henry Ford said that probably they were “too dumb to get it”. He’s not kidding. Tech giants Apple Inc. and Google, once intent on disrupting, if not destroying, Detroit, have concluded for now that they don’t want to build cars. Sure, they still bank on supplying the autonomous software that will drive robot ride...
One sector of the U.S. automotive industry will be quite unhappy at the announcement of the new car brand, from the Chinese industrial group Zhejiang Geely Holding Group. We are talking about the franchised car dealers. The new brand, aimed at Millennials, is likely to be sold under a non-traditional retailing approach, according to cryptic postings on various websites. Geely and Volvo, which Geely owns, likely are planning to sell via the Internet and company-owned stores, not through franchised dealers. Lynk, an "affordable premium" vehicle resembling those built by Volv...
