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Luxury SUV market to flood with new models in 2018

Luxury SUV market to flood with new models in 2018

Two of the three top-selling pickups - the Chevrolet Silverado 1500 and the Ram 1500 - will be displaying completely redesigned models at the Detroit show, which is officially known as the North American International Auto Show and which kicked off this weekend. The automaker did not say anything more about the vehicle. And it's no surprise. "And that's before we introduce it in the biggest truck market in the world, which is the USA".

Now, it's being brought to the U.S. "It's what customers want".

For the US market, designers wanted to give the Ranger more of a "Ford Tough" look, explained Joe Hinrichs, Ford's executive vice president for Global Operations.

"It represents a true opportunity to have a luxury truck that can still work for you", Ram brand chief Mike Manley told reporters in Detroit Monday.

Loh says trucks are now getting better gas mileage than ever before, some up 30 miles per gallon. Competing against big sellers like the Honda CR-V, the 2019 Cherokee will likely have a starting price around $24,500.

"Trucks are huge at the show this year", said Brian Cooley, CNET's editor at large. "They're trying to make up for some of the perceived difference".

In ongoing negotiations with Mexico and Canada, President Donald Trump's administration is seeking to ensure that more vehicles are made in America, among other changes.

In interviews through the week, executives have said they're preparing for a time when people hire self-driving ride services to get around instead of spending on personal vehicles. That allowed the company to introduce the smaller, brand-new C-HR subcompact crossover in its wake. It will go on sale in the US this spring starting at about $200,000.

For full-year 2017, Ford said adjusted earnings would be $1.78 per share, below analysts' estimate of $1.83, according to Thomson Reuters I/B/E/S.

Lindland said that the larger models are highly profitable for vehicle makers.

"Go back to the size of vehicles 15, 20 years ago, and basically everything's a size up", he said. It looks nearly identical to the vehicle it replaces and that's completely intentional. In fact, the American automaker has already vowed to double its investment on EVs as the market for this type of vehicles continues to grow. They are the only vehicles to sell more than 500,000 units in 2017.

Now, "there isn't a lot of pressure on fuel economy", said Jake Fisher, director of auto testing for Consumer Reports magazine.



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