#SalesDeclines
General Motors, Ford, Fiat Chrysler Automobiles All Suffer Big U.S. Sales Drops in July
As U.S. auto sales are forecasted to fall between 5 and 6 percent in July 2017, the reports released this morning by the traditional Detroit Three — General Motors, Ford Motor Company, Fiat Chrysler Automobiles — appear to be worse than average.
Due to decreased year-over-year volume at each of its four brands, including a harsh 30-percent decrease at Buick, General Motors plunged 15 percent to 226,107 sales. That loss equalled 41,151 fewer sales for America’s largest automobile seller. At Ford Motor Company, total sales fell 7 percent despite rising F-Series sales. Car volume tumbled 19 percent at Ford and Lincoln, and SUV/crossover sales were up only slightly. At FCA, meanwhile, a 10-percent overall decline was caused by decreased volume at Jeep, Chrysler, Dodge, and Fiat.
Fortunately, there remain reasons for optimism.
Italy Falling Out Of Love With Mopeds, Scooters Due To Changing Trends
Like France falling out of love with diesels, Italy is falling out of love with mopeds and scooters due to changing trends.
BMW Delays Decision On Factory Amid Russia's Economic Crisis
The ongoing economic crisis suffered by Russia has given pause to a decision by BMW to build an assembly plant in the ailing nation.
Study: US Auto Sales To Rise Through 2017, Modestly Decline Through 2020
Happy days are back again for automakers selling to the United States, with auto sales projected to rise through 2017 before dipping slightly through 2020.
Ghosn: One-Third Of Russia's Auto Market Will Vanish Under Recession
Renault-Nissan CEO Carlos Ghosn warned Monday that Russia’s auto market will lose a third of itself under the nation’s recession.
Ford: Market Share Declines Will Continue Near-Term
Things are rough for Ford on Truck Mountain, with ground lost for the fourth consecutive month in November in a market-share situation that isn’t about to improve any time soon.
Japanese Auto Industry, Economy In Danger Of Hollowing Out
Just like the player character after dying several times in the “Dark Souls” series, Japan may find itself hollowing out as a result of the country’s declining auto market.
Japanese Auto Market Takes Sales Hit As Consumption Tax Increases
The Japanese auto market took a hit in sales last month, falling 5.5 percent to 345,226 units as an increased consumption tax of 8 percent took hold in a sign of a slow year in sales.
Recent Comments