Trucks, SUVs drive October new vehicle sales in the US

Traffic james in Los Angeles

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 […]

Hurricane recovery helps increase U.S. September new vehicle sales

hurricane irma

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 […]

General Motors reports record quarterly first quarter profit due to truck, crossover sales

General Motors

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. […]

Regardless of challenging environment, General Motors CFO expects strong 2017

General Motors

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 […]

General Motors tops March sales in Canada, Nissan, Honda sees significant boost

Images of Chevrolet Camaro

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 […]

U.S. truck, SUV sales remained strong in February, but there’s more

2009 Ford F-150 XLT

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. […]

Holden Sales Have Dropped, But Profit Margins Are Increasing

Holden black edition

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 […]

China Auto Sales Hit Record High on Tax Break

china cars

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 […]

Ford and General Motors rally on strong auto sales for November

Ford and General Motors

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. auto sales fall 6 percent regardless of discounts, General Motors off 1.7 percent

Images of Chevrolet Colorado

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 […]