Significant automakers posted mixed U.S. brand-new vehicle sales in October, though America’s affection with high-margin pickup trucks and SUVs stayed in full bloom as larger, costlier vehicles fared better than passenger cars. WardsAuto put the seasonally-adjusted annualized rate (SAAR) for light automobile sales in October at a robust level of 18 million units. However after
Major automakers on Tuesday published higher U.S. new automobile sales in September as customers in hurricane-hit parts of the nation replaced flood-damaged vehicles, extending a rally in their shares that started when Hurricane Harvey struck southeast Texas in late August. Experts and industry specialists had predicted hurricanes Harvey and Irma would provide auto companies with
The speed of U.S. car and light truck sales slowed last month for the 3rd month in a row regardless of high discounts, however financiers bid up shares of General Motors and Ford Motor after executives described strategies to cut stocks. Automakers reported sales down 1 percent from a year back. This brought the yearly
General Motors has noted a record quarterly first-quarter profit on robust sales of its large pickup trucks and crossovers in the United States, as unpredictability surrounds the entire pace of domestic vehicle sales for the market. The results likewise highlight a shift where U.S. customers are preferring bigger SUVs, crossovers and trucks, instead of cars.
General Motors primary financial officer stated on Thursday the automaker anticipates another “really strong year” in 2017 and restated the company’s profits projection for the year. “In general, we expect a more difficult environment throughout a number of dimensions” in this year, due to rising rates of interest and falling used-car costs, CFO Chuck Stevens
Automakers sold a record number of automobiles in Canada throughout March, with General Motors Canada leading in sales volume and giving its best month-to-month sales performance since 2008. Total Canadian sales were followed by an 11.1 percent boost in consumer demand for pickups and sport utility vehicles throughout the month, which more than offset a
Australian new auto sales decreased in February even as sales of sport utility vehicles outmatched those of passenger cars for the first time ever. The Australian Federal Chamber of Automotive Industries’ VFACTS report revealed 89,025 new vehicles sold in February, drop of 7.7 percent on the same month last year. February this year had one
February U.S. car sales, an indication of customer spending, dropped somewhat even as automakers stepped up marking down to sustain sales, significant manufacturers reported on Wednesday. Demand for cars, sport utility vehicles and pickup trucks in February fell to an annualized rate of 17.6 million automobiles, compared to a robust 17.7 million a year earlier.
China auto sales in January dropped by the largest margin since 2015 for a number of international automakers, with General Motors and Ford Motor blaming the roll back of a tax cut on small-engine automobiles and the Lunar New Year holiday. Ford Motor stated on Thursday that its sales dropped 32 percent year-on-year, while General
Holden is enduring through a significant sales depression at present, however it’s not all bad news for Australian subsidiary of General Motors. A report shows that top-spec models of the Holden Colorado are increasing profit margins to new heights. Stefan Jacoby, executive vice president and president of General Motors International, stated it’s not about sales
General Motors tweeted this week that U.S. retail sales increased over 3% year over year for December, claiming the market’s fastest growing automaker. $GM U.S. retail sales were up more than 3% year over year for the month of December, claiming the industry's fastest growing automaker. pic.twitter.com/93nPPkrVna — General Motors (@GM) January 4, 2017 The
General Motors and its Chinese joint venture partners sold 3.87 million automobiles in China in last year, rise of 7.1 percent from 2015, the United States car manufacturer stated on Thursday. General Motors did not instantly provide December sales figures for China. The top two markets for the automaker in 2011 were China, with 2,547,203
China’s car sales struck a record monthly high in November as customers rushed to take advantage from a tax break prior to its scheduled expiration. Foreign and domestic automakers provided 2.59 million passenger cars– consisting of sedans, crossovers and minivans– to dealers previous month, the government-backed China Association of Automobile Manufacturers informed on Monday, rise
Strong vehicle sales information for November enhanced shares of Ford and General Motors on Thursday, as a lot of the industry’s popular players gained from Black Friday, aggressive marketing activity and a couple of additional selling days. Ford shares increased 3.9 per cent to $12.43, after it said that light-vehicle sales had increased by 5.1
U.S. vehicle sales dropped an approximated 6 percent in October regardless of increased customer discount rates on lots of popular models, as the pattern towards pickup and SUVs continued, car manufacturers reported on Tuesday. WardsAuto, a vehicle market publication, revealed sales at 17.9 million on a seasonally changed annualized rate. General Motors October sales dropped