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US: study sees grim near future for auto sales


A research coming from AlixPartners, a global business advisory firm, forecasts the current positive trend on the US new car sales market is not going to last. The sales, after probably reaching a new record this year for post-economic crisis years, are forecasted to begin next year an accentuated slide, with the highest dip seen in 2017. While 2014’s SAAR (seasonally adjusted ...
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More decline articles

Car sales in Russia forecasted to dip 12% in 2014
After new car sales in Russia slipped no less than 17.3 % in June over the same period last year, the Association of European Businesses (AEB) moved to forecast that ...
Japan’s sales decline starts to wither
After in April the country’s sales tax rose for the first time in many years, auto sales in May only dipped 1.2% from the same period in 2013, easing fears ...
India’s Tata Motors misses profit estimates
Just like it warned just a day prior to reporting earnings, the parent company of British luxury maker Jaguar Land Rover, posted declining profit – that also missed analyst estimates. Tata ...
Toyota hits profit record, expects it to slip next fiscal year
President Akio Toyoda, fresh of a huge profit last year and accustomed to huge crises in its early years, is looking rather content at seeing the company’s profit flat or ...
Germany: April sales drop 3.6%
While many executives, analysts and forecasters heralded the recovery of the battered European car market, here comes Germany to contradict them all, with a decline after five months of growth. The ...
Australia sees April sales falling
According to an industry report, last month Australian sales of new cars were down, but the decline is largely attributed to the fact that holidays ate into April’s business selling ...
Japan: April sales fall after tax increase
Before April, Japan’s new car sales grew for seven straight months, but since last month Asia’s second-largest auto market had a tax hike, vehicle deliveries fell to their lowest since ...
Michelin declines on strong euro
First quarter revenue declined 2.4% for Michelin, Europe’s largest tiremaker, as the strong euro and the weaker demand in Easter Europe dented sales. The company, located in Clermont-Ferrand, France, reported its ...
GM’s investors still confident in the company
While General Motors is on hostile ground following its handling of the ignition switch defect recall and its stock has been depreciating, investors keep their hopes up and are confident ...

latest automotive news
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