American consumers’ appetite for US car brands eased significantly in July, as the industry continued to slow from last year’s record-setting pace, according to sales figures released Tuesday. All three Detroit carmakers reported steep overall declines, even as demand for SUVs and light trucks remained a bright spot and helped buoy the average transaction prices. … Read more
US car sales continue to ebb in June, marking the sixth straight monthly decline, even as appetite for larger SUVs and light trucks persisted, according to industry figures released Monday. General Motors, the country’s largest automaker, and Ford reported total sales down about five percent for the month, with GM down for the second month … Read more
Auto makers offered big discounts over the Memorial Day holiday, but the response from US car buyers in May was not enough to definitively reverse months of sales declines. After seven years of gains, there were further signs that US car sales have plateaued, analysts said, as monthly sales data suggested a mixed picture amid … Read more
Steadily rising US auto sales helped fuel the economic recovery, but sales have shifted into lower gear even as President Donald Trump counts on carmakers to provide a lift to his economic plans. And after adding thousands of jobs since the financial crisis to meet rising demand for new vehicles, US carmakers also have begun … Read more
Car sales in the US slowed significantly in April, accelerating several months of declines that suggest the industry’s record sales streak may be behind it. The big three American automakers on Tuesday all reported sales fell in April compared to the same period last year. Many analysts had expected the retreat, forecasting an industry-wide decline … Read more
Global automakers unveiled new SUVs, electric vehicles, and futuristic concept cars at the Shanghai Auto Show on Wednesday, racing for an edge in the world´s biggest auto market as growth slows after years of frenzied sales. China’s automotive market remains the most important in the world for manufacturers, with sales jumping 14.9 percent to 24.38 … Read more
Tesla has become the second-largest US car maker in terms of market capitalization, displacing Ford, whose sales lagged amid concerns about the ability of the US market to keep growing. Many major auto makers reported US sales declines in March compared to a year ago, but Tesla over the weekend said it saw a huge … Read more
Many auto makers had a difficult month in March, posting considerable declines in US sales, defying expectations for an increase compared to the same month of last year. In the final month of the first quarter, many brands on Monday reported sales dropped compared to March 2016, when the industry was seeing record gains. Forecasters … Read more
Toyota says its full-year profits will be better than expected thanks to a pick-up in sales and a boost from currency fluctuations. The Japanese firm expects net profit in the year to March of 1.7 trillion yen ($15.1bn; £12.1bn), compared with a previous forecast of 1.55 trillion yen. That is despite losing its top-selling carmaker … Read more
Japan’s Toyota Motor Corp (7203. T) and Suzuki Motor Corp (7269.T) appeared poised to unveil a wide-ranging partnership on Monday that could include the development of new technologies and procurement. Both automakers, which said in October they were exploring a tie-up, said their boards would make a decision on the matter later in the day. … Read more
The Japanese government defended Toyota Motor Corp (7203. T) on Friday as an “important corporate citizen” of the United States, after President-elect Donald Trump singled out the automaker and threatened to slap punitive tariffs on its Mexico-built cars. Trump has repeatedly hit out at U.S. companies for using lower-cost factories abroad at the expense of … Read more