2016 will likely be another banner year for the U.S. auto industry and while SUVs and pickup trucks will likely continue to be the top sellers automakers are expected to bring more 'fun' cars into showrooms in the coming year. MotorWeek's John Davis said, 'I like the fact that the market is good enough that we’re starting to bring convertibles back and starting to have fun again with cars. We were too serious for way too long.' Mercedes Benz, Fiat and Range Rover all launched convertibles at the Los Angeles Auto Show. Fiat will bring the 124 Spider back to U.S. shores next year. The new model has a shared chassis with the Mazda Miata but has an Italian engine. Davis said the two-door convertible may not be a volume leader for Fiat, but it will likely bring the automaker some increased visibility. The Evoque is Jaguar Land Rover's first foray into building a convertible SUV. With safety top of mind, the Evoque has cross bars that pop up within a tenth of a second if it senses a rollover accident is about to occur. The sleekest convertible is the hardtop 2017 SL Roadster from Mercedes Benz which will likely come with a six-figure price tag. While convertibles may have stolen the limelight, several automakers, including Cadillac and Infiniti, launched SUVs. Cadillac unveiled the new luxury XT5 and Infiniti brought a racy look to the compact SUV. TheStreet's Ruben Ramirez reports from Los Angeles.
More from Video
How quickly do we find support, is what we'll want to know now, as the correction is occurring while economic optimism builds.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.