DETROIT U.S. gross sales of new vehicles and vans hit a document high in 2016, automakers stated on Wednesday, and buyers bid up shares within the sector as strong client confidence and relatively low gas costs bolstered the business’s outlook.
Tesla, which produces the luxurious Model S sedan and Model X sport utility automobile, goals to develop into a high-quantity automaker in a matter of years and already is valued on par with a number of the largest automotive corporations on this planet. Key economic indicators, especially consumer confidence, continue to reflect optimism about the U.S. economy and strong customer demand continues to drive a very healthy U.S. auto industry,” said Mustafa Mohatarem, GM’s chief economist.
Rogue, a compact SUV from Nissan Motor Co, (7201.T) in December was the fourth best-selling model in the U.S. market and showed a sales increase of 53 percent from a year earlier. U.S. regulators …Read more →