Author Archive: AUCTIONCARS SALES

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U.S. Car Sales Stay Above 17 Million AgainCarmakers have for the first time topped 17 million car and light-truck sales for five years in a row. They surpassed 17 million units only twice before: in 2000 and 2001.As usual, pickup trucks and SUV/crossovers carried the day, offsetting a relentless decline in consumer demand for conventional sedans. Trucks now account for about 75% of the entire U.S. market for new vehicles.The Cool-Down ContinuesStill, overall volume has been slowly shrinking since peaking at 17.55 in 2016. Last year’s volume of 17.11 million units compared with 17.32 million in 2018, according to company reports.On an annualized basis, fourth-quarter demand in 2019 dropped to 16.98 million units. Whether the market will manage to reach 17 million units again this year is anyone’s guess at …READ MORECar Output in Germany Slumps to 23-Year LowGermany’s auto industry, which depends heavily on exports, is in trouble.The country’s production [...]

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Speaking at Tesla’s first Autonomy Day event,hosted in Palo Alto and designed to show off the company’s self-driving technology, CEO Elon Musk said Tesla expects to start converting its electric cars into fully self-driving vehicles in some markets next year. It’s part of a plan to create a network of robotic taxis to compete head-to-head against ride-hailing services such as Uber and Lyft. Musk further boasted that “probably two years from now, we’ll make a car with no steering wheels or pedals.”

In its ride-sharing vision, Tesla cars were not in use. Rather, Tesla would allow owners to put their cars into the service via their smartphones, with the company taking 25% to 30% of the fare. Tesla would provide vehicles in areas where not enough people share their cars.

Musk predicted that the company’s system of computers, software, and neural-network object detection and depth recognition would get regulatory approval to operate in California toward the end of 2020.

Unlike self-driving cars from Uber, Waymo, Cruise, and [...]