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The 11 Most Important Auto Industry Stories of 2014
2014-12-23 15:03:13| Auto Dealers - Topix.net
Was General Motors' defective ignition switch or $2 gasoline the bigger car-guy story of 2014? We could argue all day which of these events belongs at the top of my list, but if you pick GM, you're probably wrong. Though we really should adjust the automotive calendar to start on October 1 and end on September 30 , the arrival of the Christmas/Hanukkah/Festivus season marks the time when media outlets such as this ruminate on the year about to end.
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US auto industry reaches record $1.1 trillion in 2014 sales
2014-12-23 11:52:19| Auto Dealers - Topix.net
The sustained economic growth seen throughout the year in the US has also been supported by the fact that combined new and used auto sales are forecasted to reach a record $1.1 trillion by the year's end. According to data service providers, Americans are poised to end 2014 with purchases of 54 million new and "previously owned" cars, trucks and crossovers - and the financial figures are expected to double by 2020, according to numerous industry reports.
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US: top auto stories led by recalls
2014-12-23 11:52:18| Auto Dealers - Topix.net
Historically, 2014 might go down in automotive history as the year that recalls exploded, not the one when Fiat and Chrysler united to form FCA or the one that auto sales have finally recovered from the latest economic crisis. The auto industry had its fare share of bumps in the road this year, but in the end it's all about the Benjamins', and from that perspective it's better than ever.
Hyundai Motor's auto sales to exceed 300,000 in Middle East this year
2014-12-23 03:38:06| Auto Dealers - Topix.net
Hyundai Motor Co., South Korea's top automaker, said Tuesday it expects to sell more than 300,000 vehicles in the Middle East this year thanks to strong demand for its newly launched Sonata mid-size sedan there. Hyundai Motor expected that it may sell about 340,000 vehicles in 10 Middle East countries, including Saudi Arabia, Oman, Kuwait, Qatar, Jordan and Lebanon.
TrueCar projects 2015 U.S. new auto sales to reach decade-high 17...
2014-12-22 18:09:07| Auto Dealers - Topix.net
New vehicles to rebound as total industry volume, including used autos, is poised to hit 55.4 million units /PRNewswire/ -- TrueCar , Inc., the negotiation-free car buying and selling platform, expects a healthy U.S. auto industry in 2015 with sales of new cars and trucks rising at least 2.6 percent to 17 million units, the highest level since 2005. "We see a convergence of favorable economic circumstances pushing auto demand up to pre-recession levels, including continued gains in the job market, the best consumer sentiment in eight years and low fuel prices," said , president of TrueCar.
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