U.S. March and quarter one auto sales drop in weak start to this year

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Significant automakers on Tuesday reported weak U.S. sales for March and the first quarter, mentioning a rough start to the year, but stated a robust economy and strong labor market should support consumers to purchase more vehicles as 2019 rolls on. Passenger-car sales had a hard time throughout the January-March quarter compared with the same […]

China sales marks Toyota’s profit while U.S. weakness continues

Toyota Camry Extremo images

Toyota Motor’s quarterly profit edged up as demand for its car models from cost-conscious Chinese customers helped offset bleak North American sales, although the company’s shares slipped as it cut its yearly net income outlook. The automaker attributed the smaller forecast to unrealised losses from equity investments, but, in a sign that business was still […]

U.S. auto sales weakens in April 2018

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Most major automakers on Tuesday posted lower amount of new U.S. vehicle sales for April as consumer demand continued to weaken and competition intensified after a lengthy increase for the industry. According to Autodata, the seasonally adjusted yearly rate of sales for April hit 17.15 million units compared with 17.04 million an year earlier. That […]

Trucks, SUVs drive October new vehicle sales in the US

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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 […]