• email inquiry@market.us
  • phone+1 718 618 4351 (International)
  • phone+91 78878 22626 (Asia)
menu logo logo
more_vert
  • About Us
  • Contact Us
  • Our Team
  • Privacy Policy
May 8, 2019

Home / Many Big Automobile Companies Recorded Low Amount Of Sales In April

Many Big Automobile Companies Recorded Low Amount Of Sales In April

Anurag Sharma

Last updated on:May 8, 2019 Market.us

Even if we are talking the most about electric and self-driving cars there still many people in America are purchasing fuel based vehicles. Now recent income reports of all of automobile companies show us a different picture of these company performances. Accordingly, Toyota, Lexus, Mercedes, Audi have recorded low amount of sales in April. Ford, GM, and Tesla are those big companies which are still ruling over the automobile industry, but rest of the others are suffering a massive amount of losses.

Tesla which is currently ruling over electric car industry is crushing its competitors since it’s way ahead of other companies who are yet to develop such type of technology. General Motors and Ford are trying its best to enter into EV industry since many car buyers are trying to shift their focus from traditional cars to SUVs and self-driving vehicles. Companies like Acura, BMW, Honda cars and Kia Cars have recorded a considerable amount of losses in last month, and it seems like this trend will be continued in future also. Currently, Tesla is planning to launch fully self-driven cars by the end of this year which will ultimately eat many companies market potential.

Still, some experts think current situation of the automobile industry is not right, and many of them are facing a problem of recession because of high cost and lower demand for products. Many people are still buying old fashioned cars and not trying to go for SUVs or electric vehicles. Tesla is trying its best to advertise itself, but it seems like the strategy to attract more customers is also failing; that’s the reason executives are running out of cash for further production. It will be interesting to see whether these numbers are going to be improved in the upcoming months or not.

Anurag Sharma

He has been helping in business of varied scales, with key strategic decisions. He is a specialist in healthcare, medical devices, and life-science, and has accurately predicted the trends in the market. Anurag is a fervent traveller, and is passionate in exploring untouched places and locations. In his free time, he loves to introspect and plan ahead.

Share this post:

Share on Facebook Share on Twitter Share on LinkedIn Share on Email

  • location_on420 Lexington Avenue, Suite 300 New York City, NY 10170,
    United States
  • phone+1 718 618 4351 (International)
  • phone+91 78878 22626 (Asia)
  • emailinquiry@market.us

Find Help

  • Contact Us

Legal

  • Privacy Policy
  • Our Team

Explore

  • Business
  • Technology
  • Health
  • Science

Secured Payment Options

PayPal Payment System
Payoneer Payment System

© 2022 Market.us. All Rights Reserved.