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A continuing boom in SUV sales, however, continues to help carmakers and November traditionally benefits from efforts by dealers to clear out stock ahead of the new year quality cufflinks uk online. Honda Motor Co (7267.T) and Toyota Motor Corp (7203.T) both reported declines – of 9.5 and 0.6 percent respectively, but Fiat Chrysler, whose sales have been surging on the back of its strength in jeeps and SUVs, rose 17 percent. While Ford blamed weak sales of Focus sedans and Mustang sports cars for its November sales decline, it indicated full-year industry numbers for 2018 could be on par or slightly higher then a year ago..
Charlie Chesbrough, senior economist at Cox Automotive, owner of the Autotrader online automobile market and the Kelley Blue Book car valuation service, said light vehicle sales had beaten his forecast, helped by strong numbers for trucks and compact utility vehicles quality cufflinks uk online. “Heavy incentives in November likely helped drive strong end-of-month traffic,” he said. Automakers including Ford have reduced production of traditional passenger cars due to slumping sales, while gradually moving to larger SUVs and trucks, which tend to be more profitable..
Ford last month reshuffled workers at several of its plants to meet rising demand for pickup trucks and large SUVs quality cufflinks uk online. Honda said its sales fell 9.5 percent to 120,534 vehicles, more than doubling the pace of decline as it was hurt by lower volumes on passenger cars like its Civic. Jeff Schuster, head of global vehicle forecasts at industry consultant LMC Automotive, said slower interest rate hikes by the Federal Reserve in 2019 and a pause in any new tariffs could help stabilize a slowing auto market..
WASHINGTON (Reuters) – U.S. Trade Representative Robert Lighthizer will lead negotiations with China over tariffs, market access and structural changes to intellectual property practices over the next 90 days, the White House has confirmed, potentially signaling a harder U.S. line. On Saturday, U.S. President Donald Trump and Chinese President Xi Jinping declared a trade truce, agreeing to hold off on new tariffs following months of escalating tension quality cufflinks uk online. The two sides also agreed to negotiate over the next 90 days..
Lighthizer leading the talks marks a shift from the administration’s previous approach to China trade talks that had been largely led by U.S. Treasury Secretary Steven Mnuchin. Lighthizer, an experienced trade negotiator and having just completed a new agreement with Canada and Mexico, is one of the administration’s most vocal China critics quality cufflinks uk online. “Robert Lighthizer, the ambassador, USTR, is in charge of these negotiations,” White House trade adviser Peter Navarro told National Public Radio. “He’s the toughest negotiator we’ve ever had at the USTR and he’s going to go chapter and verse and get tariffs down, non-tariff barriers down and end all these structural practices that prevent market access.”..