Analysts trim forecasts in a sign that record new car sales might be cooling off.
Ford posted record profits in the first quarter of 2016, the company announced Thursday. Chief financial officer Bob Shanks said Ford enjoyed its best quarterly performance in history, generating operating profits of $3.8 biliion and a record profit margin of 9.8 percent.
General Motors is launching new entry-level trims for four of its popular models that slash prices by removing some content but mostly seriously cut into dealer margins. The changes let the brands advertise segment-leading prices to attract potential buyers into showrooms.
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.
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.
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