Today’s cars and trucks perform better, pack more innovative features, are safer, and generally come off the assembly line built better than ever. It’s tough to wind up being stuck with a bona fide lemon these days, with more owners complaining about quirky infotainment systems than major mechanical failures.
The auto industry is desperate to learn soon whether the Trump Administration will impose threatened tariffs of as much as 25 percent on imported autos and auto parts, but there’s no telling at this point what the precise outcome will be, reports Forbes.
Mexico is arguably our most important trading partner for the automotive market, both for fully-assembled vehicles and, even more importantly, for parts to go into vehicles assembled in the U.S., writes Cox Automotive’s Jonathan Smoke in an editorial for The Hill.
As dealers’ profit margins on new-car sales shrink, they are relying more on selling extended warranties, paint-protection plans, and other add-on services pushed by salespeople in the finance office, reports The Wall Street Journal.
Automakers have been selling more vehicles to rental fleets in recent months to prop up volume. Deliveries to rental-car companies and other non-retail buyers accounted for more than a third of total sales last month for Ford Motor Co. and Nissan Motor Co., according to data from researcher Cox Automotive.
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