Toyota’s top U.S. executive says car sales nationwide have nearly bottomed out and his company will keep making them despite a dramatic shift to trucks and SUVs. Toyota’s U.S. car sales are down nearly 12 percent through October. DETROIT — Toyota’s top U.S. executive says car sales nationwide have nearly bottomed out and his company will keep making them despite a dramatic shift to trucks and SUVs. U.S. CEO Jim Lentz told the Detroit Economic Club on Wednesday that car sales fell below 30 percent of sales last month, and he thinks that’s close to the bottom. While Fiat Chrysler FCAU, -1.21 %, Ford F, +0.24% and General Motors GM, -0.03% are canceling many car models, Lentz doesn’t see that happening with Toyota TM, -0.56% 7203, -0.60 %. Consumers are still buying more than 4 million compact, midsize and near-luxury cars each year, he said. “There’s no way I’m going to walk away from that,” Lentz said. “We are always […]
NADA Forecasts 16.8 Million New-Vehicle Sales in 2019 TYSONS, Va. – The National Automobile Dealers Association, a trade group representing U.S. franchised new-car dealerships, today released its annual sales forecast for new light vehicles in 2019. “We’re forecasting sales of 16.8 million new cars and light trucks in 2019,” said Patrick Manzi, NADA senior economist, at an industry briefing. “This would represent a falloff in sales of about 1.1 percent compared to 2018.” Based on a strong November, new-vehicle sales are expected to reach 17 million units in 2018, which would mark the fourth straight year of U.S. auto sales above 17 million units. “This was unexpected. We were expecting sales to fall off a little more than they have this year, but then the new tax law was passed which put more money in the pockets of consumers and they certainly purchased new vehicles at dealer showrooms,” Manzi added. “The […]
The National Automobile Dealers Association to Issue 2019 New-Vehicle Sales Forecast and Discuss the State of Auto Retailing at Briefing on Dec. 13 The National Automobile Dealers Association (NADA) will issue its 2019 sales forecast for U.S. new-cars and light trucks during a media/industry briefing via conference call at 2:30 p.m. ET on Thursday, Dec. 13, 2018. NADA Senior Economist Patrick Manzi will provide an outlook of the macroeconomic factors that will impact auto retailing next year, as well as highlight the key sales indicators and trends driving auto sales in 2018 and next year. NADA Chairman Wes Lutz, president of Extreme Dodge-Chrysler-Jeep-Ram in Jackson, Mich., will provide a dealer perspective on industry trends impacting auto sales from the view on Main Street, USA. The call-in number is 800.895.3361. The conference ID is NADA. A Q&A session with members of the media and industry will follow the briefing. Read the report […]
Why Doesn’t Toyota Have Remote Start? – Toyota Newsroom
Why Doesn’t Toyota Have Remote Start? It actually does have, remote start, which you can turn on your new vehicle from home and much more… stay tuned.
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Toyota Yaris For Sale in Northeast Ohio – Akron Auto Show. Here is a full review of 2019 Toyota Yaris and its Trim levels right before making a decision to Finance or Lease or Purchase with cash. read the post and share with your loved ones!
U.S. sales rise 2.2% in December – Automotive News. U.S. auto sales rose 2.2 percent in December, capping a year that saw overall volume rise 0.6 percent even as automakers endeavored to counter slumping car demand with record light-truck deliveries.
December — with sales of 1.639 million — turned in the second-best month of the year on a volume basis. And the seasonally adjusted, annualized rate of sales in December — 17.72 million — was a high for the year, providing automakers with some momentum and optimism heading into 2019.
U.S. light-vehicle sales closed out 2018 strong – Automotive News. Despite rising interest rates and a volatile stock market, U.S. light-vehicle sales closed out 2018 strong. The SAAR of 17.51 million in December 2018 was the second highest of the year.
Those sales were given a midyear boost, as new tax laws put more money into the pockets of consumers and provided favorable incentives for business owners to purchase new light trucks for their businesses. Automotive News by Luxury Care.
Auto Investors Want Something More Potent – What Technology investors like company CEOs want in return on their investment? Ford Motor CEO boss Jim Hackett. Auto Investors Newsroom!
Auto Loan Delinquencies In This year, Delinquencies should stay flat in 2019 despite a cautious increase in subprime loans, according to a TransUnion forecast. click here to learn more about Auto Analyst Forecasts Industry Trends for 2019!
Toyota Corolla TRD is a real Threat to challenge Golf GTI, Veloster N and other Toyota competitors. read the full report and share it with other car enthusiasts!
Electric Vehicles to Double by 2021 / Number of EVs to Double by 2021 U.S. electric-vehicle sales forecasted by the Edison Electric Institute would require the presence of more than 9 million charging ports by 2030. WASHINGTON — An association representing America’s privately held electric companies has released a report predicting the number of EVs on U.S. roads will double by 2021. In “Electric Vehicle Sales Forecast and the Charging Infrastructure Required Through 2030,” authors Adam Cooper and Kellen Schefter of the Edison Electric Institute predict the sales of 1 million EVs in the next three years, matching the number sold over the past eight. “Automakers are responding to customer demand and are developing more EV models, including both plug-in hybrid electric vehicles (PHEVs) and battery electric vehicles (BEVs), that are increasingly cost-competitive with internal combustion engines,” the authors wrote, in part. “In addition, customers are purchasing EVs in […]
Toyota Remains Very Bullish on the Overall Market says Toyota North America CEO Jim Lentz. Toyota’s Lentz still bullish, but concerned about ‘crazy’ trade implications DETROIT — The trade and tariff environment under U.S. President Donald Trump poses the greatest potential danger to the auto industry, says Toyota North America CEO Jim Lentz. While Toyota remains “very, very bullish” on the overall market, Lentz said “some crazy” potential implications from trade and Trump’s investigation into the national-security impact of car imports “could be devastating to the industry.” Trump’s tariffs on aluminum and steel under Section 232 of the Trade Expansion Act of 1962 have increased the Japanese automaker’s costs 40 percent, he said. That’s despite more than 90 percent of its steel being sourced from the U.S. “Everybody is seeing cost-push on a per-unit basis of anywhere from $100 to $400, just on steel alone,” he said. ‘New’ NAFTA deal The industry, he […]