Buyers GuideChanges in the automobile industry include the manufacturing of Japanese, British and German cars in the US and Mexico, and continued growth for foreign makers. Nine vehicles are highlighted including the new Volkswagen Beetle, Chrysler Town and Country wagon, Lexus RX 300, and the Nissan Frontier.
Black Enterprise 1998 Spring Auto Guide: our pick for the best vehicles this season.
In the 1990s, the Auto Market has remained on a pretty even keel. Trucks keep growing as a percentage of the overall market, while sales remain steady and strong. As 1998 begins, there is only the first hint of weakness in the growth of the sport-utility segment. But a bevy of new products and extremely bountiful profit margins will keep this arena moving for years to come. Increased competition may lead to better deals for consumers, but that situation is just starting to appear on the horizon.Domestic versus import wars remain active. But the battles are changing. Most of the cars that Toyota, Honda and Nissan sell here are now built in the U.S. BMW and Mercedes-Benz operate factories in the U.S. heartland, while domestic nameplates are being built in Mexico. Currency fluctuations have seen values rise for import brands. European makers are adding sales faster than brands from any other continent. Even Volkswagen is seeing significant growth and is poised fo...