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Posts Tagged ‘2017 U.S. new vehicle sales’

Automakers Wondering about 2018 After Slow December

Makers, analysts looking for sales to fall, but how far?

by on Jan.04, 2018

Sport-utility vehicles, like the Hyundai Sante Fe, dominated sales in 2017.

A tough December that forced car makers to utilize tactics such as selling to rental fleets and heavy promotions have left car makers pondering what’s in store for 2018.

A seven-year expansion in sales ended with a small downturn in 2017 that was felt up and down the value chain as automakers such as Mercedes-Benz, BMW, Lexus and Cadillac as well as Ford, Chevrolet, Toyota, Kia and Hyundai saw their sales lost ground. Ford acknowledged boosting its sales to rental fleets at the end of the year, while Nissan, Toyota and Hyundai-Kia boosted deliveries to rental fleets.

Sales News!

Meanwhile, economists tied to the industry are debating whether the increases in interest rates approved and planned by the Federal Reserve Board will have a significant impact on sales in 2018. (more…)

Automakers Hoping Trump Infrastructure Plan Will Stave Off Sales Slump

Demand could rebound, especially for work trucks, says Toyota’s Lentz.

by on May.04, 2017

Toyota's Jim Lentz believes the key to U.S. auto sales rebounding in 2017 is held by Donald Trump and his infrastructure plan.

April’s weak sales numbers have flagged growing concerns that the U.S. auto market is finally set to slide after seven consecutive years of growth.

But at least one senior industry official is betting that the market could rebound if and when President Donald Trump can implement the big infrastructure program he has been calling for.

Sales News!

“If you get a $1 trillion stimulus, that could add 800,000 units,” Jim Lentz, CEO of Toyota North America, said during a preview of the maker’s expanded technical center near Ann Arbor, Michigan, on Thursday morning. (more…)