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Experts say that the American automotive industry is on pace for a second consecutive year of record sales in 2016. June sales were up again, even if the speed of the sales growth slowed: new car and truck sales in the United States through June were up 1.5 percent.Passenger car sales are down 7.5 percent through June. The sales are being driven by hot-selling pickups, sport utility vehicles and crossovers. Through the first half of the year, light-duty trucks, which include some SUVs and crossovers, accounted for about 58 percent of sales. Analyzing the results of this fi...
Isn't this year a good one for U.S auto sales? Well, even if many surveys and predictions put the industry under the question “will it work this time”, it seems like we are halfway to another record year. As the first half of the year has finished we've come to get some positive results, the 2016 auto sales are up 1.4% from a year ago. Isn't it a sign that the market is reaching a plateau after rebounding from the depths of recession with six consecutive years of hefty growth? It's important to notice that considering all the negative expectations every y...
As we've wrote earlier the U.S. auto sales have been weaker this year than expected, we felt it good after the May sales results got revealed and it seems like only GM will have a sales growth going forward, while the rest of the car manufacturers seem to go weaker. Many consumers are focusing on leases and that might be the main reason why auto sales cooled down this much and are only higher by only 1.8% year-to-date.The Bank of America Analysts are concluding that the auto industry is entering the top of the eighth inning. One of these analysts named John Murphy says that the ...
Hyundai and its affiliate Kia sold an impressive number of 146,400 cars in the Chinese market last month, accounting for a combined 9.2 percent of the market. The CEO of Hyundai Motor America, Dave Zuchowski, has plenty of changes and challenges to deal with in order to reach a similar success on the U.S. market.In April the two automakers sold in China a total of 1.6 million cars. They took up over 9 percent of the Chinese market for the first time this year. Their combined market share continued to grow from 6.1 percent in January to 7.7 percent in February...
There might be a problem this month with new auto sales but not when it comes to California. The registrations for new cars sold first months this year, exceeded 500.000, which is a 3.8% improvement comparing to last year. It's a 22nd consecutive year-over-year increase in quarterly registrations, which of course is great news not just for carmakers and dealers, but for costumers too. We are pretty sure the state will top 2 million new vehicle registrations for the second straight year. Brian Maas, the president of the California New Car Dealers Assn. said Ca...
