Cars and Drivers
Cars and Drivers Articles
The average fuel economy rating of new vehicles sold in June fell as consumers continue to buy pickups, SUVs and crossovers with lower fuel economy ratings than passenger cars. Is it just because gas...
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A run of bad news has lowered the market cap of Tesla by 19% since the shares of the electric car maker reached their closing high price for the year on June 23.
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With all of the publicity about the launch of the Tesla Model 3, it is easy to forget that Chevy already has started to sell thousands of its Bolt all-electric car.
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Tesla's Model S failed to secure the Insurance Institute for Highway Safety's top award, while the Mercedes E-Class and Lincoln Continental did.
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Goldman Sachs has been cautious on Tesla for some time. Now the firm has become even more cautious ahead.
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Sweden's Volvo said this morning that all new cars launched in 2019 and thereafter will include at least some electric capability. How big a deal is this for Volvo and its Chinese owner, Geeley?
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Volvo's US sales fell 15% in June. The brand, owned by China's Geely, is supposed to be that country's first foray into the luxury US car market.
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Cadillac sales fell by nearly 12% in June and are down more than 1% in the first half of 2017. The company is clearly hoping that June was an anomaly in an otherwise good year for the brand.
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For the second year running, Kia was the top brand in J.D. Power's Initial Quality Survey, winning the top spot in five categories. But sales are down nearly 10% for the first half of the year.
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The average repayment period for a new car has reached nearly six years in the United States. An average buyer now finances more than $30,000 on the purchase of a new car.
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Ford's F-Series pickups once again led the sales race in June, with total unit sales of 77,895. GM's Chevy Sierra added nearly three points of market share, however.
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Fiat Chrysler June sales fall 7% as Jeep brand dipped 11% and Chrysler dropped 15%. Ram pickups helped save the day, along with other trucks under the Ram brand.
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General Motors' June sales slipped nearly 5% as sales of pickups declined. Passenger car sales were also lower and Cadillac brand sales fell nearly 12%.
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Ford's June sales fell about 5% year over year. That was a better-than-expected performance, but the company's passenger car sales plunged more than 20%.
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Tesla's future relies on its ability to mass produce cars for the middle class. It has received regulatory approval to begin to build its Model 3.
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