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There is still much space for the US auto sales to grow. Many car industry leaders have expressed their worries that the six-year expansion is about to lose steam. The analysts believe that the peak has passed, but car makers are still not ready to accept that. The seasonally adjusted, annualized rate of sales, a broad measure of the industry's health, peaked at 18.15 million light vehicles during the current cycle in October 2015. The pent-up demand following 2008-9 downturn has been exhausted, at least that's what economists think. Because of that they have predicted an anticipa...
July's green-car sales results, while still somewhat tepid, were enough to make auto-industry watchers downright patriotic, as increased demand for Ford and General Motors' hybrids and plug-in vehicles partially salvaged what was still a tough month. In fact, take out the impact of Volkswagen's continued stop-sale on diesel vehicles (of which more than 8,000 were sold in July 2015), and green-car sales were about dead-even with year-earlier figures. As it was, US green-car sales fell 17 percent to about 40,500 units. As for plug-in vehicles, demand spiked 20 percent from a year ear...
There are many signs already that U.S. new vehicle market has slowed down, at the end of July the reports have showed that the industry reached the strongest selling rate. Within July, sales were 1.1% ahead of last year's record pace. The selling rate has grown less than it was expected, that is why many automakers started to fight the stagnation with some powerful incentives. If all of these car brands are protecting their share, doesn't it mean the market is plateauing? The Ford's vice president said that the marketing is more competitive in the last six years. More th...
One of the main questions surrounding Tesla is its ability to ramp up production to satisfy the almost 400,000 existing Model 3 orders, and the hundreds of thousands of orders that are supposed to follow. Past isn’t necessarily indicative of the future, but on Tesla’s earnings call just now things didn’t sound all roses. The company ended up losing $293 million last quarter on a GAAP (Generally Accepted Accounting Principles) basis, and $150 million on a non-GAAP basis, which takes into account things like leases that GAAP generally doesn’t adjust for. ...
According to the latest data from General Motors, the second-generation Chevy Volt continues to rack up impressive sales numbers. It has been announced that the sales of the Chevy Volt have now reached 100,000 units. This is probably due to a growing demand for alternatively powered automobiles. Steve Majoros, Director of Marketing, Chevrolet Cars and Crossovers, says that the model delivers not just a fun driving experience behind the wheel. It has become the first vehicle with plug-in electrification technology to truly become mainstream. Last month, GM's plug-in hybrid sold a...
