Sales of large cars remain bright spot in slowing U.S. auto market
Sales of large cars remain bright spot in slowing U.S. auto market
2017 Ford F-150 Limited
12 January, 2018, 22:40
Four million vehicles were leased in 2015, according to Edmunds.com, and many of those customers will be trading in their vehicles for new ones.
But leasing also has a downside for automakers, since the influx of late-model used cars returning to the market will cut into sales of new vehicles. They will likely stimulate demand, particularly for commercial trucks and vans.
"F-Series had an unbelievable year as we sold almost 900,000 pickups, with strong high-end truck demand as customers continue to opt for our latest technology and equipment packages", LaNeve added.
For perspective, Ford sold more than twice as many large pickups as the total of all Ford passenger cars sold in the month, 44,871.
Toyota saw U.S. sales drop 0.6% to 2.4 million, but the company highlighted strength in its popular Camry sedan, the RAV4 crossover and SUVs.
Kia's monthly sales dipped 20.1% in December while its full year results were down as well by 8.9%.
"December capped off a record year for Ford brand SUVs, making it eight consecutive years of Ford brand sales leadership".
Most major automakers on Wednesday reported lower December US sales and forecast weaker overall sales in 2018, but investors bid up shares in the sector on a bet that high-margin pickup trucks and SUVs will pull Detroit's automakers through any downturn. Across its five brands, fleet sales in December were down 42 percent from a year earlier, the company said.
But GM said it expected the industry to sell less than 17 million new vehicles in 2018. At the same time, automakers piled on deals in order to juice sales and hang on to their market share. Honda division saw its sales drop last month by 6.3%, but came in with a 0.7% jump for all of 2017.
- DECEMBER DIP: No one was expecting USA auto sales to top December 2016, which was the best single month in 15 years. And, while GM's total sales across 2017 were 1% lower than 2016, that is likely to be a better end result than the industry average which is now forecast to be a 2% drop in 2017 from 2016. GM reported a less dramatic monthly drop than analysts expected, as sales of the Chevrolet Silverado climbed 25%.
Despite the usual year-end push to get vehicles out the door, most automakers endured tough sledding in December.
Sales at Toyota's Lexus brand fell 13.9 percent.
Meanwhile, as the Canadian government continues to look at ways to increase electric-vehicle adoption, GM's electric vehicles account for a small portion of its overall sales.
Valencia are now third in La Liga , two points behind second-placed Atletico and 11 adrift of leaders Barcelona. The Brazilian-born hitman looked to have injured himself in scoring the goal, but managed to finish the game.
Several other hedge funds have also recently added to or reduced their stakes in the stock. 6,776 were reported by Private Na. Gradient Lc stated it has 0.44% of its portfolio in Air Products and Chemicals, Inc. (NYSE:APD) for 413,545 shares.
Will & Grace, which originally ran from 1998 to 2006, returned to United States television last year after an 11-year hiatus. Not only will she play herself, but she'll also play her Shades of Blue character, detective Harlee Santos.
Subaru has released teaser images of a performance-orientated STi version of last year's VIZIV Performance concept auto . Also unsurprisingly, the flared wheel arches may also be a little wider than they are on the standard Viziv concept.
The TV industry surely doesn't need another acronym, but in 2018 it will get at least one more: HFR, short for "high frame rate". Both 2018 OLED TVs and Super UHD TVs will also support Dolby Atmos object-based surround sound.
Georgia is searching for its first national championship since 1980, second overall, in its first trip to the playoff. Georgia coach Kirby Smart could become the first of Nick Saban's former assistants to beat him as a head coach.
To measure price-variation, we found MOMO's volatility during a week at 5.6% and during a month it has been found around 3.86%. This cash is what a company uses to meet its financial obligations, such as making payments on debt or to pay out dividends.
December 13 at Chicago: Logged 32 points, six assists, three rebounds, two steals and a block in Chicago against the Bulls. He also ranks second in steals per game (1.5), fifth in minutes (30.9) and sixth in assists (3.4) among qualified rookies.
New York City economic development officials said they were rescinding a previous offer of some $9.6 million in tax breaks. Its planned move followed by just 18 months the announcement of General Electric Co. that it will relocate to Boston.
Impatience also enables youth to think out of box: PM Modi
He said India's inclusive growth is possible by countrymen helping each other while also emphasising on sports and yoga. The Festival will commence on the occasion of birth anniversary of Swami Vivekananda, the youth icon of India.
Next reports strong online sales
Online sales were likely to have benefited from the company running a Black Friday promotion for the first time a year ago . FASHION chain Next has raised hopes for the retail sector by revealing a better than expected Christmas .
Align Technology (ALGN) Earns Media Sentiment Rating of 0.11
John Khoury increased its stake in Hyatt Hotels Corp (H) by 14.08% based on its latest 2017Q3 regulatory filing with the SEC. The stock of TELUS Corporation (NYSE:TU) has "Outperform" rating given on Tuesday, January 26 by Macquarie Research.
McSally Launches Senate Run in Arizona
McSally has spent her career as a reliable vote for corporate special interests and Wall Street, not Arizona families", J.B. Martha McSally (R-Ariz.) served 26 years in the Air Force and retired as a colonel in 2010.
$1.36 EPS Expected for Principal Financial Group, Inc
Dalton Greiner Hartman Maher & holds 433,060 shares or 0.97% of its portfolio. 24,406 were accumulated by Advsrs Asset Mgmt. Five investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock.
Kenya Airways Celebrates First Steps of Nairobi-New York Flight
The airline will be conducting a daily flight between Nairobi's Jomo Kenyatta International Airport (JKIA) and New York's John F. Kenya Airways planes are seen parked at the Jomo Kenyatta International airport near Kenya's capital Nairobi, April 28, 2016.
1 jail at Rikers Island complex to close
That leaves a gap of about 6,500 inmates still in need of being housed somewhere instead of Rikers, should it close. Mayor Bill de Blasio promised in March to begin closing the entire jail complex over roughly a decade .
Lonzo out against OKC, Westbrook on Wednesday night
They won six straight games and eight of nine, dating back to George's first game in IN since the trade. But according to George, the conversation was not with Pelinka but rather assistant coach Brian Shaw .