North American car and light-truck production hit an August record last month, despite cooling demand, leaving dealer inventory at a multiyear peak and setting the stage for potentially generous sales incentives this fall. The Wall Street Journal reports that General Motors Co. led the auto industry with a 21 percent increase in output to 372,678 vehicles produced in the region, according to data provider WardsAuto.com.
Automotive News reports that industry experts have confirmed multiple times that millennials are major players in the auto finance market, debunking the notion that they don’t buy cars.
According to Fox News, Obama administration officials are previewing long-awaited guidance that attempts to bring self-driving cars to the nation's roadways safely—without creating so many roadblocks that the technology can't make it to market quickly.
Through a series of delicate production adjustments, Toyota has managed to squeeze more Tacoma midsize pickups out of its plants in Texas and Mexico. But, reports Automotive News, those efforts weren’t enough to fully protect the pickup’s perch atop the rapidly growing segment from an onslaught of competitors.
So-called conquest sales are the proverbial Holy Grail among automakers. Even better is when a carmaker is able to lure customers away from its competitors while still being able to retain its most loyal followers. Forbes reports that the leader in that regard, as of mid-year 2016, is Subaru.
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