Volkswagen shows yet again that you are not automatically doomed just because you are a Europe-based carmaker. Its global group sales are up 10.4 percent to 8.29 million units from January to November, after a 11.7 percent rise in November. (Read More…)
The world’s largest car market, China, has recovered a bit in November. Automobile sales were up 8.16 percent year-on-year to 1.79 million vehicles, production stood at 1.76 million units, up 3.92 percent, data released by the China Association of Automobile Manufacturers (CAAM) shows. (Read More…)
Acura’s ILX is 2/3rds of the way to hitting its 30,000 unit annual sales target, and the brand is hoping that the discontinuation of the base car’s 2.0L engine will help kickstart sales.
GM had a better November in China than at home in America. Back home, sales rose only 3.3 percent to 186,505 units in November. In China, the world’s and GM’s largest market, GM sold a total of 260,018 units across all joint ventures, up 9.7 percent compared to November 2011. (Read More…)
Forecasters expected a strong November as far as U.S. light vehicles sales go, and they got a strong November. Data after the jump. (Read More…)
The big auto news on Twitter this morning – Lincoln is now known as “Lincoln Motor Company”, and they’ll be rolling out the name change with a brand new Superbowl ad. That’s great, but where’s the product?
Some forecasters expected Japan’s appetite for new cars to drop by more than 20 percent in the last quarter after government incentives expired in September. So far, it is not happening. Sales of new cars, trucks and buses declined a minuscule 0.4 percent in November. Elsewhere you may read that the market was down 3.3 percent, but they are not giving you the whole story. Sales of mini vehicles, or kei cars actually were up in November, pulling the market nearly completely out of minus territory. (Read More…)
Two days ago, we heard that TrueCar expects a whopper of a November. Now, Kelley Bluebook and Edmunds have submitted their forecasts also. All agree: This will be a whopper of a November. More or less. (Read More…)
Driven by a rebounding economy and an after-Sandy pop, auto sales in November will be be “highest since February 2008,” expects Jesse Toprak, senior analyst at TrueCar.com. Sales chiefs at major automakers agree. (Read More…)
MG, now owned by Chinese auto maker SAIC, is apparently gunning for Kia and beyond. But despite their lofty ambitions, MG hasn’t made much headway in the automotive world.
Earlier this year, Subaru was denied approval for a new factory by the Chinese government. The rationale behind the move was that Fuji Heavy, parent company of Subaru, and Toyota, were already too cozy, and that a Subaru factory would give Toyota one too many joint ventures in China. And then the boycott happened.
Japan, everyone’s favorite closed market, is about to get a couple new products from Chrysler, which will return to the market after a nearly four year absence.
Over a year after the last domestic car dealership left San Francisco, Ford is hoping to gain a foothold in the Bay Area again with a series of “pop-up” showrooms.
“Pop-up” shops are short-term retail spaces located in trendy areas – often times, the temporary nature of the store is also a way to have some presence in an area where a long-term rental agreement would be too expensive. And in a market like San Fransico, where rents are sky high and local consumers are firmly in the “import camp”, a pop-up showroom might not be such a bad idea.
Despite a tough situation at home, the Volkswagen Group continues to power ahead in the global markets. Volkswagen increased its global sales by 14.6 percent in October. For the year, Volkswagen delivered 7.5 million units worldwide, up 10.2 percent. In China, Volkswagen is nipping at GM’s heels, but does not seem to be able to overtake the General.
The battered European new car market continues its drive into the netherworld, but the speed of descent has lowered a little. According to data compiled and released by the European manufacturers association ACEA, 959,412 passenger vehicles were registered in October, 4.8% less than in October last year. It looks like the year will end with some 12 million cars sold, a level the EU 27 hasn’t seen since it existed. (Read More…)
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