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New car sales have been softening in recent months, and the sales report due on Thursday is likely to confirm that the industry slipped into reverse in August. The predictions make us understand that sales of new cars and light trucks will fall 2.5 percent in August, to 1.53 million vehicles. That comes after growth of just 0.7 percent in July. The recent trend of weaker auto sales suggests that the industry reached its peak in 2015, when sales hit a record 17.4 million. A decline th...No comments
It seems like the decision of scaling back the discounts took by automakers, didn't make it better for U.S. car sales. It's gonna be for the first time in the last 7 years when car sales get lower than even expected. Tomorrow the August auto sales reports are gonna arrive and while we really want some proof on our expectations, we can not forget that this sounds a bit strange even for us. The reports may show a seasonally adjusted annual sales pace of about 17.2 million ...No comments
Roughly 13% of Audi A3 Sportback sales over the past year have been of the e-Tron plug-in hybrid variety, according to a recent statement from the company. The 2017 model-year Audi A3 Sportback E-Tron has the same specs as the 2016 version, featuring a 1.4-liter engine paired with an electric motor that together deliver 204 horsepower and 258 lb-ft of torque. The 2016 version was rated by the Environmental Protection Agency (EPA) as having an 86 miles per gallon-equivalent rating, and was estima...No comments
It is expected that August factory activity and auto sales will show a deceleration. Domestic auto sales are expected to downshift after hitting an annual rate of 17.8 million in July, the peak seen this year. Economists are expecting a 17.1 million annual rate for August. Analysts expect August U.S. sales drops of 5% to 7% for General Motors (GM) and Ford (F) compared with a year ago, with a slight decline for Toyota (TM) and slight increase for Honda (HMC). General Motors and Ford r...No comments
U.S. sales of new cars and trucks fell in August, ending summer on a low note for the auto industry and making it less likely that this year's auto sales will be the same as in 2015.General Motors Co. said its Cadillac sales grew 4 percent, thanks in part to its new CT6 sedan and XT5 SUV. But its Buick, Chevrolet and GMC sales fell, and its overall sales dropped 5 percent to 256,429 vehicles. Sales of GM's best-seller, the Chevrolet Silverado pickup, dropped 5 percent. GM has cut back sh...No comments