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Toyota Motor Corp. posted its first U.S. sales gain of the year, despite a continuing slide at Lexus, as light-truck deliveries overcame weakness in cars. The automaker's 2.1 percent increase ended a drought that had seen sales fall 4.7 percent through May. Lexus, however, dropped 5.4 percent, for its ninth consecutive monthly decline. Sales at Toyota Division, including a small number of vehicles from the defunct Scion brand, grew 3.2 percent last month to 177,981 vehicles. For the first half of the year, the automaker reported a sales drop of 3.6 percent compared with the same...
After US 3 big automakers have revealed their June sales, we expected the luxury car segment to do the same, and here are the sales results from the last month. Porsche Cars North America, importer and distributor of Porsche cars in the United States has sold 4,516 vehicles in June 2017. This is a 0.8 percent increase over June 2016. Year-to-date, deliveries are up 3.2 percent compared to 2016 with 27,568 vehicle sales. Macan sales were notably strong in June with 1,871 deliveries, a 53.1 percent increase over the same period last year. Year-to-date, Porsche Macan sales are up 30.9...
The headlines for Hyundai Motor America's 2016 sales results were the kind any automaker would be proud of: Despite a car-heavy lineup, tight crossover supplies and thin incentive support, Hyundai and the new Genesis brand combined for a seventh consecutive year of record sales. But how Hyundai got there raises questions about the brand's sales tactics and its prospects heading into a softening market, including whether it relies too heavily on sales to rental agencies and to dealerships themselves, dealers and people familiar with Hyundai's sales operations say. The str...
McLaren Automotive has been rumored to be bought by Apple back in 2016, but why sell a company which does so well on its own? Of course the car maker isn’t planning to do any of this, because its lineup brought it to record profitability and sales in 2016. The automaker reported Thursday that pretax profits for 2016 were 9.2 million pounds ($11.9 million) on revenue of $844.7 million. That's a 70 percent increase from 2015 profits and marks the fourth consecutive year of profits for the independent McLaren brand. Much of the company's higher profit tally in 2016 reflec...
402,462 Transit vans were issued for recall by Ford Motor Co., this problem will cost the automaker $142 million. Ford says the vans recalled have a faulty driveshaft flexible coupling, which might lead to the separation of the driveshaft, and it could result in a loss of power, unintended vehicle movement and damage to brake and fuel lines. Ford is not aware of any accidents or injuries related to the Transit issue. Ford disclosed the cost of the recall in a Wednesday filing with the U.S. Securities and Exchange Commission. The charge will be incurred in the second quarter results of the...
