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After 7 years of car sales growth new auto sales have declined 4.7 percent, following a 1.6 percent decline in March. Car manufacturers spent average of $3,814 per car sold in the first part of April but despite that the drop occurred. For total industry sales to reach a peak and start declining isn't a surprise to anyone, and it could be great for car buyers moving forward. Even carmakers don't seem to be terribly concerned with the decline in the number of total vehicles sold, as they're making more on each car they sell right now because their product mix is more heav...
FCA is on its way to recall more than 1.25 million pickups worldwide for a software error linked to reports of crash death and 2 injuries. This erroneous code could temporarily disable the side airbag and deployment seat of belt pretensioners- which reduce seat belt slack during impacts during a vehicle rollover spurred by a significant underbody impact, such as striking onroad debris or driving off-road. The company will reprogram computer modules in the affected vehicles to address this error. An FCA spokesman said the likelihood of an incident was very low because a sequence...
Nissan has reported its 2016 sales and it seems like the company didn’t really succeed in terms of car sales. Nissan’s operating profit dropped 6 percent in just ended fiscal year. The company’s operating profit declined to 742.2 billion yen ($6.67 billion) in the fiscal year ended March 31. Net income advanced 27 percent to 663.5 billion yen ($5.96 billion) in the January-March period. Nissan attributed the rise to a one-time gain from the sale of its stake in former group supplier Calsonic Kansei Corp., which it booked in the fiscal fourth quarter. Worldwide reve...
Toyota Motor Corp. the largest Japan carmaker said the company felt a sense of crisis as the company braced for two consecutive years of falling profits and Toyota would streamline operations to bolster margins. The company’s operating profit tumbled 20 percent to 438.9 billion yen ($3.94 billion) in the carmaker’s fiscal fourth quarter ended March 31. Net income slid 6.6 percent to 398.4 billion yen ($3.58 billion), the company said Wednesday while announcing full-year earnings results. Revenue increased 6.8 percent to 7.44 trillion yen ($66.87 billion). Global retail s...
We provided you with information about April car sales in US and told you about the results the major automakers got, but what you still don’t know is where, in which state exactly the electric car sales were up and where they were down.California, dominates! It’s number one, with a per capita percentage of 0,7%, beating Hawaii with 0,4% and Washington with 0,3%. If you ask yourself why is is California, than we will try to make it a bit clearer for you our dear readers: → California has long offered a decent EV rebate (typically, $2,500).→ California’s p...
