The U.S. vehicle market will undergo a massive technology disruption from electric vehicles in the coming decades.
Trucks» share of
the U.S. vehicle market rose to 68.4 % in April, up from 63.2 % during all of last year and 48.8 % during all of 2008.
Not exact matches
Hyundai and Kia both increased their shares of the
U.S. new -
vehicle market in the past decade, particularly during the economic downturn of 2008 to 2010 when consumers sought out fuel - efficient and relatively low - priced
vehicles.
The unit was once the backbone of its Asian strategy and still makes more than 1 million assembled or partially assembled
vehicles for the
U.S., European and emerging
markets.
Hyundai and smaller affiliate Kia, which together make the world's fifth - largest automaker, said demand was expected to soften in the
U.S. and Chinese
markets as they unveiled a combined sales target of 7.55 million
vehicles this year.
«For all the media coverage of groundbreaking autonomous
vehicle investments made to date, a surprising number of
U.S. consumers are still looking for a new, focused player to enter this
market,» Deloitte wrote in its study.
GM has abandoned several money - losing
markets over the past three years as part of a broader strategy to boost profit margins and conserve capital to fund electric and automated
vehicles as well as new models for core
markets in China, the
U.S. and Latin America.
Already the world's largest car
market, China is projected to become the top
market for luxury
vehicles by 2020, according to L2, a
U.S. business intelligence firm that tracks the digital performance of consumer brands.
U.S. retailers Walmart and Sam Edelman are expanding in the Chinese
market, while The Children's Place makes its debut, GAC Motor is trying to bring its
vehicles to American consumers and, within China, Alibaba has been busily acquiring smaller companies in the constant race to maintain its edge over competitor Tencent.
Alongside this USD trade volume commanded quite a bit of trading but since the recent
U.S. tax cuts for equities
markets, new money has likely jumped to those investment
vehicles.
(This «Northern Gateway» pipeline is seen by the oil industry as an essential
vehicle to develop new
markets for Canadian petroleum, especially if the Keystone XL pipeline to move Alberta bitumen to the
U.S. Gulf is not approved).
DETROIT (Reuters)- General Motors Co (GM.N) said on Tuesday it will stop reporting monthly
U.S. vehicle sales, saying the 30 - day snapshot does not accurately reflect the
market and the company will, instead, issue quarterly sales reports.
For the year,
U.S. consumers bought 15.6 million
vehicles, up 7.6 % from 2012, according to
market researcher Autodata Corp., the strongest volume since 2007.
It's seeking 3 million new - energy
vehicle sales a year by 2025, from 330,000 in 2015, when the country surpassed the
U.S. to become the world's biggest electric - car
market.
China's government wants sales of electric
vehicles to exceed 3 million units a year by 2025, after surpassing the
U.S. last year to become the global
market leader.
The auto
market is massive — 17 million new
vehicles sell every year in
U.S. alone, and the used car
market is three times larger.
(Zero Hedge)-- The
U.S. auto
market is at an interesting crossroads with used car prices crashing to new lows every month while new car prices continue to defy gravity courtesy of a somewhat «frothy», if not suicidal, lending
market that has seemingly decided that anyone with a pulse is financially qualified for a $ 0 down, 0 % interest, 80 month loan on a brand new $ 40,000 luxury
vehicle of their choice.
The company sold only 82,000
vehicles in the
U.S. last year — less than 1 percent of the total
market.
Shares in German carmakers BMW, Daimler and Volkswagen fell after Trump warned he will impose a border tax of 35 percent on
vehicles imported from abroad to the
U.S. market.
NASCAR's official kickoff to its season at the racetrack included a
marketing vehicle for
U.S. Senate candidate Rep. Kendrick Meek, D - Florida.
U.S. auto manufacturers dabbled in the diesel auto industry during the oil embargo in the late 1970s, when there was a strong push to bring more efficient
vehicle technologies to
market.
The company commands more than 80 percent of the European
market for CNG
vehicles and could be a major player in the
U.S. natural gas car
market down the line.
During the past decade, Toyota has controlled around three quarters of the
U.S. hybrid
market, with worldwide sales of the Prius and luxury Lexus hybrids nearing two million
vehicles — more than half of them Priuses.
Like cross-town rival Ford, which saw sales of its brawny Mustang and immense Lincoln Navigator models jump 70 percent or more, General Motors Co. and Fiat Chrysler, the smallest by
market share of the former
U.S. - owned and so - called «Big Three,» reported sharp increases in demand for many of their largest
vehicles.
«The only bright spot for the
U.S. vehicle export
market was in exports to China,» the Commerce report says.
But Recchia - O'Neill is certainly at the forefront of a transformation of the
U.S. — and global — auto
market from standard gasoline - fueled internal combustion engines to greener
vehicles.
Should the
market demands for hydrogen fuel increase with the introduction of fuel cell electric
vehicles, the
U.S. will need to produce and store large amounts of cost - effective hydrogen from domestic energy sources, such as natural gas, solar and wind, said Daniel Dedrick, Sandia hydrogen program manager.
It took conventional hybrid
vehicles 15 years to claim a solid wedge of the
U.S. automotive
market.
But the few hundred thousand alternative
vehicles Toyota sells each year are still a drop in the bucket in the
U.S. market of 14 million
vehicles.
About two dozen battery and plug - in electric
vehicle models, by Toyota Motor Corp., General Motors Co., Ford Motor Co., Volkswagen AG and other major manufacturers, were sold on the
U.S. market last year.
A former managing director at Reliant Equity Investors, Roberts also served as the highest - ranking African - American executive in the
U.S. automobile industry as group vice president for North American
Vehicle Sales, Service, and
Marketing of General Motors Corp..
With the exception of the rear - drive BRZ coupe and
vehicles equipped with a manual transmission, the EyeSight active safety suite is available on every Subaru model sold in the
U.S. market.
The Problem: General Motors today expanded an earlier recall of 619,122
U.S. -
market cars to cover a total of 1.37 million
vehicles.
Kia revealed the 2015 Kia Soul EV at the 2014 Chicago auto show, the company's first - ever all - electric
vehicle for the
U.S. market.
Both
vehicles will be updated before they're released into the
U.S. market, so we could see the addition of a solid front axle, or at least support for one, with as part of the refresh.
Within the
U.S. market, the ranking is slightly different, as GM led with 2.8 million
U.S. vehicle sales.Toyota sold 2.24 million
vehicles in the
U.S. in 2013, including the Scion and Lexus brands.
Toyota will build Corollas and Mazda will build a new crossover for the North American
market, possibly the CX - 4 unveiled at the Beijing show last year, at a new $ 1.6 - billion
U.S. assembly plant capable of building 300,000
vehicles per year.
«There has been a permanent shift to [utility
vehicles] and pickup trucks,» Marchionne said, in summing up the
U.S. market.
Not to worry: We consulted every mainstream automaker to assemble a list of mass -
market passenger
vehicles for the 2017 model year that are currently built in the
U.S. or have production split between the
U.S. and other countries.
The new suite of safety equipment, dubbed AcuraWatch, includes Acura's first
U.S. -
market application of Surround View Camera, which provides a 360 - degree view around the
vehicle's exterior.
BIRMINGHAM, MI — Cadillac can move up from No. 4 in the
U.S. luxury -
vehicle segment and claim the top spot within two years,
marketing chief Don Butler says, citing a rebuilt reputation and product offensive that will result in as many as 10 new or significantly refreshed products in the
U.S. by 2015.
Recently, I was able to drive preproduction European versions of each of these
vehicles, though many had subtle changes from their
U.S. market counterparts.
For the record, automakers have sold 25,518 electric
vehicles in the
U.S. through June, a scant 0.3 % of the light -
vehicle market, according to WardsAuto data.
However, in the
U.S. market, it's unknown as to whether Hyundai and Kia's upcoming all - electric
vehicles will serve as compliance cars or not.
Neither the automaker nor its luxury division, Lexus, offers a turbocharged
vehicle in the
U.S. market.
«I think there's a great growth opportunity for the brand,» he says, noting VW is moving away from small, somewhat premium - priced models to a lineup stocked with CUVs and other
vehicles that are competitively priced and cover the
U.S. -
market's major sweet spots.
VW isn't specifying volume plans for the MEB dedicated - BEV platform, but says it expects demand in the
U.S. for all - electric
vehicles to reach 10 % of the
market by 2025 and that the Volkswagen brand should exceed that level.
With SUVs dominating the
market for high passenger - capacity
vehicles in the
U.S., station wagons are a very small niche here.
«Safety is the responsibility of everyone in the motor
vehicle market, including equipment importers,» said
U.S. Transportation Secretary Anthony Foxx.
It's no secret that Mitsubishi «s i is finally making its way to the
U.S. market, but what state will be the first to receive the little electric
vehicles?