SUVs and Crossovers Saved 2017 for Automakers in the US

SUVs and Crossovers Saved 2017 for Automakers in the US

Toyota saw USA sales drop 0.6 percent to 2.4 million, but the company highlighted strength in its popular Camry sedan, the RAV4 crossover and SUVs.

Research firm Autodata says 17.2 million vehicles were sold a year ago.

According to Autodata, 2017 full-year sales struck 17.23 million units, down nearly 2 percent from an all-time US record of 17.55 million units in 2016.

Fiat Chrysler's sales fell 8%.

"The numbers point to further decline", said Fleming, who is projecting vehicle sales to fall to 16.7 million this year. Ford said its F-Series was Canada's best-selling vehicle for the eighth year in a row, with sales of 155,290 units.

Toyota Motor North America reported December sales dropped 8.3% from December 2016 on a volume basis.

"December capped off a record year for Ford brand SUVs, making it eight consecutive years of Ford brand sales leadership". The company also set a new annual sales record of 226,511 vehicles, a jump of 7.8% compared with all of 2016.

Jio effect: Airtel Rs
Besides it, Airtel has also come up with many other prepaid packs, which provide similar data and calling benefits. In all other circles, buyers will get 84-day and 91-day validity with the Rs. 458 and Rs. 509 prepaid packs.

Automakers had been bracing for the sales gains to come to an end for the last couple of years, but that was averted in 2016 in part by heavy incentives implemented late in the year to unload excess inventory. The newer models are more durable so drivers are holding on to their cars longer.

Some automakers did not manage to post annual sales increases, including FCA, Hyundai and smart.

Ford's sales in the U.S. past year fell 1.1% to 2.6 million compared with 2016, but it reports a surprise increase last month, fuelled in part by the continued success of the F-Series pickups and other large vehicles. But most other automakers saw declines.

GM also published its December sales figures Wednesday, which showed total sales were 2% up on the same month in 2016. Fiat Chrysler's sales fell 11 percent, while Toyota's sales dropped 8 percent and Nissan's sales were down 9.5 percent. One reason is the trend of moving into SUVs and trucks continues. SUV sales fell 12% year over year in December.

Ford says, even with bitter temperatures and snow, it saw strong sales in the last 10 days of December.

Volkswagen of America Inc. reported an 18.7% drop in sales in December, in spite of strong SUV results mentioned earlier. Low unemployment and rising consumer confidence are expected to boost demand this year.

"Average transaction prices closed the year on a strong note, rising almost 2% in December 2017 to set a record high", said Tim Fleming, analyst for Kelley Blue Book.

Related News:



Most liked

Diego Costa quickly finds the net in first appearance since leaving Chelsea
Atletico Madrid's players attend a training session at the Wanda Metropolitan Stadium in Madrid on December 31, 2017. Atletico has also strengthened its attack with Vitolo, who is similar in his large build to Costa.

Kenyan airways launch first ever non-stop flight from Nairobi to NY
This comes after the airline KQ and the airport JKIA ( Jomo Kenyatta International Airport ) got the required approvals. Kenya Airways also bagged the title Africa's leading airline - Business Class for the fifth consecutive year.

Martin Explains The Process Of Landing Brian Bowen
SC head basketball coach Frank Martin just landed his highest-rated recruit in program history and it will make national news. Louisville suspended Bowen upon learning of the arrangement described in the Justice Department documents.

One sheriff's deputy shot dead and four injured in Colorado shootout
"Earlier this morning, our son, Douglas County sheriff's deputy, Jeff Pelle, was shot during the Copper Canyon shooting". When they returned they spoke with Riehl , who barricaded himself in a bedroom before suddenly opening fire with a rifle.

Both Frozen Or Fresh Embryos Work Well For IVF In Most Women
Li Peng Monroe, top left, and her daughters, Melissa, 20, right, and Ashley, 17, front, were conceived using frozen embryos. Participants were given one treatment of IVF where either a fresh or thawed embryo was transferred.

Transform RSA warns ANC top brass against removing Zuma
Mr Zuma has been accused of conspiring with a wealthy business family, the Guptas, to control lucrative state contracts. Zuma argued that only he had the right to appoint judicial commissions and decide on their terms of reference.

Accused Manhattan bomber indicted for NYC subway attack
Ullah was seriously burned and five bystanders received minor injuries December 11 when an explosive device he wore detonated. She said Ullah recently had some stitches removed but had others that were still causing him a "great deal of discomfort".

Firefighting resumes on burning tanker
Chinese media has shared footage of oil tanker Sanchi puffing black clouds of smoke as rescue boats try to douse the flames. The ministry reported that 14 vessels were searching for the missing sailors in the tanker's vicinity before the explosion.

Celebrity Big Brother: Little Mix star backs Courtney Act to win
He was named the runner-up of RuPaul's Drag Race in 2014, with the victor that year being Bianca Del Rio. Channel 5 said its initial all-women line-up was to mark the100 years since women won the right to vote.

Rain, wintry mix, possible snow and very cold temperatures in North Alabama
Snow and freezing rain transition to all rain by Thursday afternoon with rain continuing Thursday evening through Friday . A narrow band of very light snow and sleet will move through DFW early this evening, but the sky will clear out by 8 PM.

Jordan Peele and Greta Gerwig Get Directors Guild Nominations
Winners will be revealed at an untelevised February 3 ceremony and dinner in Beverly Hills hosted by Judd Apatow. The academy's embrace of Gibson was surprising not just because of the director's controversial past.

Ex-BHS Owner Found Guilty Of Not Disclosing Information
Mr Chappell led a takeover of BHS in 2015, paying a nominal pound to buy the company from Sir Philip Green's retail empire. He said: "This defendant has refused to provide, to the best of his abilities, responses to the section 72s".

Chrissy Teigen Faces Backlash Over Comments About Logan Paul Controversy
However, YouTube has also faced backlash for removing certain content, including its removal of videos from war-torn Syria. After saying he's "ashamed of myself" and "disappointed in myself", he went on to "promise to be better".

Leonardo Jardim Talks Potential Thomas Lemar Exit Amid Arsenal, Liverpool Links
I wouldn't rule it out, but I don't see him beating down their door saying "it's now or never" because I don't think it is. Now, both clubs have been handed a big boost after Leonardo Jardim admitted there are some things Monaco can't say no to.

Packers reportedly part ways with two more coaches
This about doing what's in the best interests of the Green Bay Packers . He'll remain with the team as senior adviser of football operations.