Global Sales to Fall 3% This Year
Global light-vehicle sales will decline 3% this year to 92.1 million units amid ongoing trade tensions and other lingering concerns and uncertainties, says Jeff Schuster, president of global vehicle forecasting for LMC Automotive.
The downturn will be led by China, which was off 6% in the first half of the year and is expected to fall 5% for the full year. Western Europe is the only region projected to have a flat growth this year, but Schuster notes there is a lot of risk for the U.K. if a hard Brexit occurs.
Click HERE to learn more about LMC Automotive.
The common wisdom seems to be that midsize cars have pretty much had it in the U.S. new car market.
When you think of Costco, you probably think about buying lots of stuff for your home and your family, but there are probably some things that don’t necessarily come to mind when you think of the membership-based store chain.
Often when there are vehicles that have ceased production and are in the process of being completely moved out of the system there are sales numbers that look like this: Honda Insight: June 2016, 9; June 2015, 126; % change: 93.1% Sometimes there is a vehicle that has just gone into production and it catches the sales at just the right time so that there are numbers that look like this: Honda Ridgeline: June 2016, 2,472; June 2015, 7; % change: 33,856% OK.