Top automakers pointed to a small boost in U.S. auto sales in August consisting another sharp increase in SUV sales, as low unemployment and strong consumer confidence assisted in mitigating the impact of increasing interest rates and fuel prices. The reports from Ford Motor and other top automakers follow a boost in consumer confidence to
A top Ford Motor executive stated that industry-wide sales of sport utility vehicles will keep rising in the United States as the nation’s second-largest U.S. automaker prepares to reveal a refreshed 2018 Ford Explorer SUV. The market share of SUVs has boosted to almost 40 percent from 32.6 percent of total U.S. vehicle sales in
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.