Major Developments Major Developments by Calendar Year

The US market is a great fan of fuel efficient vehicles. According to the new records, the US automakers will be more profitable at a 42 mile per gallon (mpg) average in 2020. It is the strictest standard proposed currently, but it is also seen as achievable standard. The records also specify that, by 2015 more than one in 20 cars sold in the US will be hybrid, plug-in or full electric vehicles (EV).

The fuel economy analysis has evaluated the potential impact of the changes done for US Corporate Average Fuel Economy (CAFE) and greenhouse gas (GHG) emissions standards may have on the auto industry in 2020.

The city report is an overview of the current state of the dynamic electric vehicle industry. It focuses on individual company product plans, key technology issues, and the latest industry initiatives that will have impact on future improvement.

Very specific findings from few reports:

• Stronger mileage and GHG standards will encourage variable profits and sales in 2020 for the auto industry worldwide, with the Detroit 3 benefiting at large. The Detroit 3’s profit gains will be more than half of all increased profits.
• US-based suppliers of key fuel-saving technologies – from turbochargers to direct injection, dual-clutch transmissions and more – will benefit.
• The US electric vehicle industry is already showing positive trends and will grow further under strong standards and other government policies that will boost demand for electric and plug-in-electric cars.
• The 42 mpg standard by 2020 is consistent with a 6% annual mileage improvement, starting in 2017, that would boost fleet mileage to 62 mpg by 2025. In addition to increasing profits, these goals are eminently achievable technologically and in a cost-effective way.

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Auto sales in US in the month of July rose by 1% compared to previous year’s July. This is due to increased demand for crossover light and fuel efficient vehicles. Many brands got more sales from their non-premium models.

The recorded sales of General Motors for July month is 2,14,915 vehicles with 8% sales growth compared to last year. The company has said that, the fuel efficient model Chevrolet Cruze has recorded good sales and this is responsible for its overall growth.

Ford motors recorded good sales for July month by selling 1,80,865 vehicles along with 9% sales growth. The officials from the company have said that due to increased productivity they were able to reach their customers demand and with their fuel efficient cars and utilities they have reached the customers expectations.

Chrysler group LLC reported that they had good sales for July month. They sold 12,026 vehicles with 20% sales growth. Toyota and Honda motors have struggled in July month, Toyota sold 1,30,802 vehicles with 19.7% decreased sales growth for July month and Honda motors sold 80,502 vehicles with 25.6% decreased sales growth in July.

Volkswagen sold 29,066 vehicles with 21.7% sales growth, Nissan motors sold 77,191 vehicles with 604% sales growth and Hyundai, fastest growing brand in US has recorded their sales 59,561 vehicles with 10% sales growth.

Except for very few brands, all the other brands have performed very good for the July month. We can expect these few brands also to improve their sales in August.