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This year was not good for U.S. car sales, academics and researchers are talking about a pangent but not the worst decline in 2018. There are not so many specialists who dare to have a look beyond 2018, but Morgan Stanley did it and he doesn't like what it sees, with a technology-obsolescence inspired downturn so awful governament subsidies may be necessary to support the market.Meanwhile forecasts for 2018's decreases with 1.5% to off 5%. BMI Research rekons sales in 2018 will go down with 1.5%after a 1.1% fall this year. The Center for Automotive Research at the University...
General Motors might have cut more than 6,000 jobs this year, but it still might need to further shrink its manufacturing operations to address bloated inventories of some vehicles amid plateauing U.S. sales and pressure from Wall Street to avoid overproduction. The majority of GM's U.S. assembly plants, including some where a shift already has been eliminated, produce vehicles that on average have at least an 80-day supply, 33 percent more than what the industry generally considers healthy. GM has at least seven U.S. assembly plants that on average produced vehicles with greater than...
The U.S. automakers have been facing 2 crucial problems after the two storms that battered parts of Texas and Florida: bulging new-vehicle inventories and an oversupply of off-lease vehicles. This Tuesday, they will reveal their car sales for September, but we are already convinced that their shares will be higher than ever, thanks to the demand for vehicles to replace those damaged and destroyed by Houston’s floods. Analysts expect September to show the first monthly increase in vehicle sales this year -- though their previous forecasts of sales gains for the industry in Marc...
U.S. auto sales are down 2% this August, by totaling 16,14 million. We’ve got to admit that we expected to see even worse car sales data from the big three Detroit automakers, but as Houston area replaces flood-damaged cars and trucks after Hurricane Harvey, their shares got higher. General Motors, Ford and Fiat Chrysler posted mixed August U.S. sales, with GM up 7.5 percent and Ford and Fiat Chrysler down. Japanese automaker Toyota improved sales by nearly 7 percent, Honda's sales fell 2.4 percent. Still, analysts focused on the potentia...
The Hurricane in Texas invaded lots of dealerships, leaving them with flooded inventories. One owner of the car dealerships affected said that overall it’s catastrophic, major damage. People in their area are still trapped in attics. The dealership itself is trapped. It has anything from a foot to two feet of water in them. It may be too early to start recovery operations. "We are struggling with the evacuation right now," Wyatt Wainwright, president of the Houston Automobile Dealers Association, said in a statement posted on the National Automobile Dealers Associati...
