Micro Compact Car Development Co., a joint venture between Swatch and Mercedes-Benz that spawned the Smart brand, is introduced March 4, 1994, with the unveiling of two show cars: The Eco Sprinter coupe with a 40-kilowatt electric motor and the Eco Speedster cabriolet with a three-cylinder gasoline engine.
Several automakers, led by Toyota, Honda and Hyundai, posted higher U.S. sales last month as consumers took advantage of rising incentives and President's Day deals. Subaru, Kia, Mazda and Volvo also saw increases, with light trucks and two extra selling days driving most of the gains. The SAAR topped 17 million.
With the aid of crossovers and other light trucks, gains were posted nearly across the board for the companies that have decided not to abandon the industry’s long tradition of monthly sales reports. Incentives helped, too.
Led by a steep drop in Nissan volume and smaller declines at some of its biggest rivals, U.S. light-vehicle demand fell in December, in part because of one less selling day and lower fleet demand, even as consumer incentives hit record highs. The SAAR closed out 2019 at 16.98 million, shy of forecasts.