The automobile industry had a tough time in the month of November seeing sales drop as they try to boost their numbers right before the end of the year. The month of December will be a big month for the auto industry as this usually is a busy time for them but with numbers dropping throughout the month of December it will be interesting to see how the markets will be. General motors reported a 2.9 percent decrease in sales but crossovers and SUV sales have risen. With Fiat Chrysler Automobiles also taking a 4 percent decrease in sales, it was strange to see ford motor company have a rise in overall sales of 6.7 percent. Ford also reported having a sales increase with there small SUV's and crossover vehicles. Price competition between auto makers should still be fairly strong in the month of December and into 2018.
https://www.cnbc.com/2017/12/01/major-automakers-post-mixed-november-us-sales-results.html
I am surprised to see the drop of sales in the auto industry. I think it could possibly be due to the fact people may be waiting for these holiday sales, knowing they will get a better deal if they wait a couple of weeks. It will be interesting to see if the sales will increase this month, in my opinion I think they will rise again.
ReplyDeleteIt could be seasonal generally people prefer to buy cars in the summer cause cars tend to run better in the summer and in the US specially, there is an increasing tend to move on to electric cars and along with increase in gas price.
ReplyDeleteI am also surprised to see a drop in the sales of auto companies. With new models coming out and deals around the holidays usually sales are good. It will be interesting to see how these automakers fair in the current month.
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