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Ford, GM Keep Taking Sales Hits in China; Q2 Results Down

Ford, GM Keep Taking Sales Hits in China; Q2 Results Down

As China’s automotive sales have slumped, Ford and General Motors are taking their lumps with Ford’s sales falling 21.7% in the first quarter and GM seeing a 12.2% decline during the same period. Ford’s results were in improvement over its first quarter tally, when...
New Vehicle Sales Expected to Drop in June

New Vehicle Sales Expected to Drop in June

Carmakers will finish the first half of 2019 with a dip in sales for June as retail sales sputter, analysts said this week. Cox Automotive is forecasting June U.S. auto sales volume to decline nearly 2.7% from last year, or about 40,000 units, falling to 1.51 million....
Looking for a Vehicle? The Used Car Lot May be Best Bet

Looking for a Vehicle? The Used Car Lot May be Best Bet

For those in the market for a replacement vehicle, marching past the new car showroom over to the used car lot is looking more and more like the smarter play, claim some industry experts. According to Edmunds analysts, a deluge of lightly used, lower-mileage vehicles...
U.S. New Vehicle Sales Tick Upward in May

U.S. New Vehicle Sales Tick Upward in May

With Fiat Chrysler and Toyota leading the way, automakers surprised on the upside in May, posting modest sales increases for the month. FCA, where overall sales increased 2%, reported setting three records in May, led by the Ram brand which notched its 12th...
Power, LMC Predicting 2.1 Percent Drop in May Auto Sales

Power, LMC Predicting 2.1 Percent Drop in May Auto Sales

May is expected to see the continuation of falling monthly auto sales in the U.S. that the industry has seen for the first four months of the year with a decline of 2.1%, according a new estimate. Higher prices for new vehicles are largely to blame, according to...