The June auto market slump in China could continue through the next few months. Some analysts are worried that the shift could damage the financials of GM and Ford, according to an interesting article from The Detroit News.
Just as China's stock market collapses, the country's passenger car association reports the first sales slump there in over two years. The fall is predicted to extend further into the second half of 2015.
If auto sales continue at their current and projected levels, more than 17 million new cars will be sold in 2015. And if that does indeed happen, it will be just the third time new-car sales in the United States will have hit that lofty peak.
The year 2015 appears to be picking up right where 2014 left off, with every single auto company that sells vehicles in the United States reporting gains when compared to the same period a year ago. Trucks were the biggest driving factor in the race for sales supremacy.
After several years of growing sales, Subaru sees 2015 as no different. The Japanese brand thinks that it could sell around 540,000 vehicles in the US this year to make it the automaker's largest single market. To cope with all of this demand, the brand is also boosting production and later planning to add additional capacity to its SIA factory in Indiana for the Legacy and Outback.
With gas prices down, that means green car sales are likely to decline as well. TrueCar's TrueSavings report has the evidence to support that idea, with one electric car and two hybrids among the top five in January for the biggest transaction price savings compared to MSRP.
Despite only being on the market for a few months, Hyundai is already reportedly considering a major redesign of the latest Sonata. While demand is growing, the automaker wants the model to sell even better. The changes in the look of the Korean sedan would be timed with the model's refresh in 2017 or 2018.