profishingrods.com
profishingrods.com June 19, 2018


Yearly Auto Sales Off Slightly in 2017

12 January 2018, 09:47 | Dale Webster

Yearly Auto Sales Off Slightly in 2017

Investors ignore sales outlook

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.

The results put an end to the U.S. auto industry's eight-year streak of increases, as the national total slipped 1.5% to 17.23 million, according to Autodata.

Canada sold 302,826 vehicles in 2017, up 13.3 percent over the previous year, the company said, contrasting with sales in the much bigger US market where the Cadillac maker recorded a fall of 1.3 percent.

"While we had a decline (in December) on a year-over-year basis, the strength during all of 2017 was such that we shattered the previous record, surpassing two million units for the first time ever", said Carlos Gomes, a senior economist and auto industry specialist at Scotiabank. Volkswagen said its sales in the US rose by 5 percent.

"December capped off a record year for Ford brand SUVs, making it eight consecutive years of Ford brand sales leadership".

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. Both auto manufacturers' December sales beat analyst's forecasts and ended a disappointing year on a brighter note.

Analysts predict new vehicle sales will decline even more this year.

"It's still a buoyant industry and the underlying factors that drive it are still very positive", Ford's US sales chief, Mark LaNeve, said.




The all-electric Chevrolet Bolt also had its best month ever in December, GM said, but Cadillac sales dropped by 29% as its rivals in the luxury segment unloaded some heavy marketing firepower. But most other automakers saw declines.

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

Analysts think sales will fall a bit further this year.

-WINNERS AND LOSERS: Ford's F-Series pickup truck remained the best-selling vehicle in the U.S.in 2017, a title it has now held for 36 years.

GM also published its December sales figures Wednesday, which showed total sales were 2% up on the same month in 2016. Honda division saw its sales drop last month by 6.3%, but came in with a 0.7% jump for all of 2017.

GM's overall December sales - retail and fleet - were down 3.3% and for the year, they fell 1.3% for the year. Volkswagen's dropped 19 percent.

While industrywide sales for the year were down compared to the year ago results, pricing numbers on the vehicles sold were encouraging.



Other News

Trending Now

South Africa's graft-tainted Zuma announces anti-corruption probe
Mr Zuma has been accused of conspiring with a wealthy business family, the Guptas, to control lucrative state contracts. The announcement came amid opposition calls for Zuma's impeachment.

American Lung Association and Anthem partnering to help Coloradans quit smoking
The report, published Tuesday in JAMA Pediatrics , comes as e-cigarettes are becoming increasingly popular among adolescents. Oklahoma is spending more to combat tobacco use than most states - but it still isn't close to what experts think is needed.

Met Office alert - more strong gusting winds to hit Sussex
The storm has now moved to the North Sea and forecasters predict that winds are likely to slow as the day goes on (January 3). Storm Eleanor has brought chaos to Europe, after first hitting the United Kingdom with 100mph (160kmph) winds and heavy rain.

"Golden state" beat "Houston", "Oklahoma" lost "clippers"
All in all, Green is averaging 16.8 points per game with the Rockets , hitting 56.8 percent of his shots beyond the arc. Western Conference, 5-1-1 ATS in their last 7 Saturday games and 2-5 ATS in their last 7 games overall.

Reported Liverpool target Lemar could leave Monaco, Jardim admits
However, Jardim added: "If I stayed here for 10 years, I'd want Lemar to stay with me for 10 years". Lemar was a target for Liverpool back in the summer transfer window as well.

Tourists Evacuated from Zermatt after Extreme Avalanche Danger Leaves Thousands Stranded
The Zermatt tourism office said Wednesday: "After being cut off for nearly two days, Zermatt can now be accessed by train again". Meanwhile, Switzerland's avalanche institute, SLF, lowered the avalanche risk from the highest level of five to four yesterday.

MINI hatchback and convertible get a refresh, but you probably can't tell
The mini One First and Mini One get 1.5L 3-cylinder engines with 160 and 190Nm of torque and increased boost pressure. On the outside, there are three new metallic paint colours called Emerald Grey, Straight Blue and Solaris Orange.

Pelosi isn't sure Oprah's celebrity is the best thing for 2020
Donald Trump's former Press Secretary said Oprah doesn't have the "political infrastructure" to win a presidential campaign. When serving a country as polarized as the United States, any decision now stands to alienate about 50 per cent of voters.

Yes, some people freak out about pumping their own gas
And Oregon State economist Patrick Emerson myth-busts some dumb justifications for full-service mandates. A new law will permit self-serving gas stations in rural areas of the state of Oregon .

Highest trolley count at Limerick hospital on week of new overcrowding record
Other hospitals with bad overcrowding included St Luke's Hospital in Kilkenny, where 46 people were left waiting on trolleys. Nearly 200 people have been hospitalised with the flu and a small number - less than 10- of people have died.