Home Tags Auto Sales
Tag: Auto Sales
Global stock markets were broadly higher Wednesday after China released positive GDP, industrial, retail and investment data.
In the US, 7 million Americans have gone into "serious delinquency" on their car loans. And in Europe, many people have simply stopped buying cars.
America’s love for SUVs caught US carmakers off guard. Now, overcapacity is looking eerily similar to the era before the auto bailout
Overcapacity is crippling the US automotive industry during what should be a boom time for carmakers.
Critics are once again predicting the US auto industry will tank, but they should be careful of what they wish for
For 2018, automakers again posted near-record US sales. The news was greeted by a round of doomsaying about the 2019 market.
Tesla slid as much as 2.27% early Tuesday after a report said its sales in China crashed 70% in October because of President Donald Trump's trade war.
Ford's sales in China dropped by 43% in September compared with the same month in 2017. The drop was attributed to a combination of Ford's restructuring, a slowing Chinese economy, and the growing US-China trade war.
Ford posted US sales gains in August even as the overall market has flattened. Pickup trucks and SUVs drove the gains. Ford made a strategic decision to all but eliminate passenger cars from its portfolio in coming years.
Nissan-Renault-Mitsubishi's strategy is global, and that led it to win the worldwide sales crown in 2017. But in the US, Nissan has a classic product problem. It's cars and trucks are good enough to convince buyers to take a look but Nissan has to discount to make sales.
An auto trade group has come out against the tariffs.
It's a fortunate historical anomaly for the car business: an extended sales cycle, cheap credit, affordable gas, and a boom in profitable vehicles.