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Major automakers post mixed US June sales figures

General Motors, Ford and Fiat Chrysler Automobiles NV posted declines in US new vehicle sales for June on Monday, while major Japanese automakers reported stronger figures. Once again, demand for pickup trucks and crossovers offset a decline in sedan sales. Automakers' shares rose as overall industry sales still came in above Wall Street expectations. The US auto industry is bracing for a downturn after hitting a record 17.55 million new vehicles sold in 2016. Analysts had predicted that overall, US vehicle sales would fall in June for the fourth consecutive month. As the market has shown signs of cooling, automakers have hiked discounts and loosened lending terms. Car shopping website Edmunds said on Monday the average length of a car loan reached an all-time high of 69.3 months in June. "It's financially risky, leaving borrowers exposed to being upside down on their vehicles for a large chunk of their loans," said Jessica Caldwell, Edmunds' executive director of industry analysis. GM said its sales fell about 5 percent versus June 2016, but that the industry would see stronger sales in the second half of 2017 versus the first half. "Under the current economic conditions, we anticipate US retail vehicle sales will remain strong for the foreseeable future." GM shares were up 2.4 percent in morning trading, while Ford rose 3.3 percent and FCA shares jumped 6 percent. "US total sales are moderating due to an industry-wide pullback in daily rental sales, but key US economic fundamentals clearly remain positive," said GM chief economist Mustafa Mohatarem. "Under the current economic conditions, we anticipate US retail vehicle sales will remain strong for the foreseeable future." Ford said its sales for June were hit by lower fleet sales to rental agencies, businesses, and government entities, which fell 13.9 percent, while sales to consumers were flat. But it sold a record 406,464 SUVs in the first half of the year, with Explorer sales increasing 23 percent in June. And sales of the F-150 had their strongest June since 2001. On a media call, Ford executives said an initial read of automakers' sales figures indicated a seasonally adjusted annualized rate of around 17 million new vehicles for the month, which would be better than 16.6 million units analysts had predicted. FCA said June sales decreased 7 percent versus the same month a year earlier.

NHTSA opens safety investigations into Toyota, GM and Honda crossovers

The National Highway Traffic Safety Administration is evidently keeping itself very busy these days, as the federal agency has just announced it is launching or renewing investigations into Toyota, Honda and General Motors crossovers.
2006-2008 model year Toyota RAV4 crossovers are under review for allegations of rear tie-rod rust which can result in failure. NHTSA also said it is probing some 35 complaints about 2005 Honda Pilot models with inappropriate activation of the vehicles' stability control system. The alleged malfunction can cause the vehicles to slow down or stop in bad unsafe situations. At the moment, NHTSA is reviewing a petition regarding the Pilot issue, a move that will determine whether it needs to open a full-blown investigation.
In addition, Saturn Outlook and GMC Acadia three-row crossovers built in 2007-2009 are getting looked at for "loss of low beam headlamp" function. One complainant said the wiring in his Outlook overheated and melted. NHTSA says it has received 415 complaints about the problem and a GM spokesman confirmed that the automaker already started a "Customer Satisfaction Program" in December to address the issue.

Honda Civic Tourer... now with bikes!

Honda is rolling in to the Frankfurt Motor Show this year with a version of its Civic Tourer wagon. Called the Active Life concept, the modified Euro-market estate is outfitted specifically for cyclists. To that end, the Japanese automaker has equipped the show wagon with a rack capable of holding a pair of full-size bicycles – not on the roof, where you'd expect them to be, but inside the vehicle. With the rear seats folded down, and thanks in no small part to innovative fuel tank placement, the Civic wagon can swallow nearly 60 cubic feet – several more than the Ford Focus estate, for example, albeit less than the VW Golf Variant. The Honda Civic Tourer Active Life Concept is also equipped with a retractable arm for bicycle maintenance, a built-in air pump, a retractable bench, and toolbox, water tank, and front wheel holder integrated into the side of the trunk. There's a sleek box on the roof for accessories, too. And it's all capped by a special blue paint job with metallic gradation, silver roof, custom rear bumper, 18-inch alloys, and a customized interior with blue stitching, black headliner, and suede and leather trim. It'll be displayed alongside the Civic Tourer that recently set a world record for fuel efficiency. The bigger news, however, will be the presentation of the all-new Civic sedan. In short, there'll be plenty of Civic action to check out at the Frankfurt Messe this year, and we'll be on hand to catch it all. But in the meantime you can scope out this concept right here.Related Video: HONDA TO SHOWCASE THE CIVIC TOURER ACTIVE LIFE CONCEPT AT 2015 FRANKFURT MOTOR SHOW - Civic Tourer Active Life Concept makes its debut - GUINNESS WORLD RECORDS™ title-holding Civic Tourer 1.6 i-DTEC on display on Honda stand Honda will reveal the Civic Tourer "Active Life Concept" at this year's Frankfurt Motor Show, underlining the Tourer's class leading cargo space and versatility within the C-segment. The Concept study shows that style and space can work together; a custom paint colour further enhances the sleek and sporty exterior and an accessorised interior demonstrates the Concept's suitability for an active lifestyle and the needs of its customers. Utilising the unique centre fuel tank layout, the Civic Tourer Active Life Concept makes full use of its 1668 litres* trunk space and a low loading height.