By on January 18, 2018

Carlos Ghosn

Despite Volkswagen delivering an impressive 10.74 million vehicles in 2017, Nissan-Renault Alliance head Carlos Ghosn says his automotive group was actually the top sales dog. VW managed a 4.3-percent increase over last year’s volume and set a new record for itself, but Ghosn argues that doesn’t matter if it’s counting heavy truck sales in its total sum.

“The [Renault-Nissan] alliance, with more than 10.6 million light private and commercial vehicles sold in 2017, is the premier global automobile group,” the CEO told a parliamentary committee hearing in Paris. (Read More…)

By on July 6, 2017

2016 Toyota RAV4/RAV4 Hybrid - Image: Toyota

We’re beginning to pummel a dying horse here but, as you already know, the North American automotive market is shrinking right now. Toyota wants to mitigate this by funneling sales into rental fleets. While this tactic has become unpopular with automakers like General Motors, others have bolstered fleet sales to cope with the lackluster demand. Hyundai, for example, has relied heavily on rental companies to boost its total volume, but the move has placed dealerships and the corporate office at odds with each other.

Toyota’s U.S. deliveries fell 3.6 percent through June of this year, which is 1.5 percent ahead of the industry’s overall decline. The automaker wants to fill the gap by ramping up volume to rental companies before the end of 2017. Like Hyundai, Toyota’s best sellers are passenger cars — which have taken the brunt of consumer apathy of late — but knows it can still unload them on Enterprise, Avis, and Hertz.  (Read More…)

By on June 30, 2016

dealership

After riding the sales roller coaster to dizzying, record-breaking heights, it’s only natural that consumers will bring automakers back down to reality.

This year will be a high water mark for new vehicle sales in the U.S., according to a new study by consulting firm AlixPartners (via Automotive News). Sales are forecasted to hit 17.8 million vehicles this year, but a downturn is on the way, and the industry won’t start to see a rebound until the coming decade. (Read More…)

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