Auto Industry
US New-Vehicle Sales Will Top 17 Million In 2020: Edmunds
A strong economy and stable finance rates are expected to help keep the momentum going.
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A strong economy and stable finance rates are expected to help keep the momentum going.
Shortly after American Honda Motor Co. first opened for business in 1959, the company purchased a small fleet of Chevy pickups to deliver motorcycles to its fledgling dealers across Southern California.
The company’s continuously variable semi-active (CVSAe) suspension technology will be featured on the coupe, which will be available for sale in spring 2019.
The program covers more than 450,000 GM Genuine Parts and ACDelco maintenance and repair parts, according to the automaker.
Among the factors influencing the decision to produce the new EV domestically, GM noted the Orion plant currently builds the Bolt EV, and the new Chevrolet EV will be based on an advanced version of the same vehicle architecture.
While the majority of automotive executives believe the United States-Mexico-Canada Agreement (USMCA) will have a positive impact on their companies in the long run, many of them also believe the newly negotiated trade pact will increase their production costs in the short term.
The NEXO is the only mass-produced fuel-cell SUV for the U.S. market, boasting a range of up to 380 miles, according to Hyundai.
A Cox Automotive forecast estimates the seasonally adjusted annual rate (SAAR) for December new-vehicle sales at 17.2 million units.
On average, new vehicles are $3,000 more expensive now than they were three years ago, and car shoppers can expect to pay nearly $1,800 more in interest over the course of a five-year auto loan.
The Auto-ISAC operates as a central hub to share and analyze intelligence about emerging cybersecurity risks.
