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Automakers have finally revealed their sales for this August, and we've heard that the so called “Big Three” have revealed sales which are below analysts' expectations. The only company which posted positive sales through august was Fiat Chrysler, while Ford and GM posted declines. Ford said is doesn't see the pent-up demand anymore, which means that is a peak for US new auto sales. Ford called it a top for US new car industry, while these words were already to...
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We managed to hear and read a lot of predictions for August auto sales. Now we realize that automakers' decision to scale back U.S. discounts in August is a sign they're willing to maintain some price discipline, even if it raises the odds that industrywide annual sales will fall for the first time in seven years. August reports may show a seasonally adjusted annual sales pace of about 17.2 million cars and light trucks, down from a 17.9 million rate in July that was the highe...
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While gasoline prices are charging north, Americans are experiencing the cheapest fuel prices on a Labor Day weekend since 2004. Today's prices are hovering around $2.22 per gallon, nationwide, AAA reports. That's 27 cents less than the same time last year, and it's only the second year in a row where the end of summer long weekend's gas prices dropped below $3. The pump price for regular unleaded gasoline in the US was $2.24/gal on Aug. 29, according to the US Energy Information...
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We know that all of you were waiting for the announcement of the August car sales data. Numbers are in, and not a great deal has changed in the US electric car market since July, but it is always fun to look at the numbers and pick out some highlights. Tesla hasn't announced its official numbers but according to the August estimate and GM’s official figures, the Chevy Volt was the #1 best-selling electric car in the US in August. Chevy Volt sales seem steady at around 2,000 ...
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General Motors said on Monday it settled the last two so-called bellwether cases stemming from a faulty ignition switch linked to 124 deaths and 275 injuries.The settlement came on the eve of what would have been the fourth in a series of test trials intended to help GM and plaintiffs define settlement options in 234 injury and death lawsuits consolidated in Manhattan federal court."We have an agreement to settle the last two federal bellwether cases," said company spokesman James Cain...
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