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“The overall health of the consumer is very strong right now, which provides a solid base for our industry,” LaNeve said. “On an absolute basis, we estimate overall industry sales to be flat, but it could make it up as high as being up 1 percent while we’re still pulling in some of the numbers.”. U.S. auto sales dropped 2 percent last year from a record 17.55 million in 2016 as consumers shifted away from traditional passenger cars toward larger, more comfortable SUVs and pickup trucks, which are also more profitable for automakers.
Ford said earlier this year it would gradually cease production of most passenger cars in the United States, Its new Navigator SUV had an average transaction price of $84,000, up $30,000 a year ago when the previous design was being sold, The company sold 1,522 of the large SUVs last month, up from 755 in the same period last year, gucci cufflinks lion Rival Toyota Motor Corp (7203.T), which has a larger share of cheaper passenger vehicles, said its U.S, sales had fallen 2 percent to 223,055 vehicles in August, Its SUV sales rose 8.9 percent..
General Motors (GM.N), the No. 1 U.S. automaker, no longer reports monthly sales. Industry analysts last week estimated GM sales fell about 8.5 percent in August. Fiat Chrysler (FCHA.MI) said U.S. sales were up 10 percent to 193,718 vehicles in August, led by Jeep and Ram. The U.S. jobs market is viewed as being near or at full employment, helping to support consumer spending and boost the overall economy. Yet many analysts are forecasting weaker auto sales for the second half of 2018 and further declines in U.S. vehicle demand next year.
Ford’s Senior Americas Economist Bryan Bezold said that US industry sales could go higher but were more likely to plateau where they are now, “Overall, the data suggests continued economic growth in the second half, albeit with the signs of increasing price pressures,” he said, “Economic conditions remain broadly supportive of vehicle sales around the recent run rate as we head into traditionally strong retail gucci cufflinks lion SAAR month later in the year.”, Honda Motor Co Ltd’s (7267.T) U.S, sales rose 1.3 percent in August to 147,903 units, lead by a roughly 19 percent increase in sales of SUVs including CR-V and Odyssey minivans..
FRANKFURT (Reuters) - Deutsche Bank (DBKGn.DE) will be booted from the Eurostoxx 50 index of leading European stocks, documents seen by Reuters on Tuesday showed, the latest blow to Germany’s largest lender. The move, which was expected, comes as the bank struggles to deliver sustainable long-term profits after multiple strategy and management reshuffles. German exchange operator Deutsche Boerse periodically reassesses the composition of the Stoxx index, using trading data to measure market value and trading volume as a basis for deciding which companies to include.
Deutsche Bank’s shares are down nearly 38 percent so far this year, Deutsche Bank said in an emailed statement that it was committed to its strategy of improving the bank’s profitability, “We expect that this will support the valuation of Deutsche Bank by the market, and therefore increase market capitalization,” The bank said in a statement, gucci cufflinks lion “This commitment, and our ongoing activities to strengthen the bank, are unaffected by the announcement by the index provider.”..
Deutsche Boerse (DB1Gn.DE), which oversees the Eurostoxx index, declined to comment. A spokesman said the results from the scheduled Stoxx reshuffle, based on trading data from the end of August, would be made public on Sept. 24. On Wednesday, Deutsche Boerse is also expected to announce a reshuffle of the German DAX index GDAXI>. Germany’s No. 2 private bank, Commerzbank (CBKG.DE), is expected to lose its position in Germany’s blue-chip index based on its shrinking market capitalization and lower trading volumes.
FRANKFURT (Reuters) - Volkswagen (VOWG_p.DE) hiked the number of passenger cars registered for road use with the authorities by 46.2 percent in Germany last month, lifting German passenger car registrations by 24.7 percent in August, statistics from the KBA German vehicle authority showed, Of the 316,405 vehicles registered in Germany last month, only 32.6 percent went to gucci cufflinks lion private owners, KBA statistics showed, VW brand registrations rose by 46.2 percent and registrations at its premium brand Audi and Porsche jumped by 45.3 percent, and 60.8 percent respectively, KBA statistics published on Tuesday showed..