New Car Sales Strong Despite Forecasted Decline in June
Jun 27, 2014
Edmunds.com, the premier destination for car shopping, forecasts that 1,358,683 new cars and trucks will be sold in the U.S. in June, for an estimated Seasonally Adjusted Annual Rate (SAAR) of 16.3 million. The projected sales will be a 15.4 percent decrease from May 2014, and a 3.1 percent decrease from June 2013. "Th ... Continue reading
New-Vehicle Sales Continue Year-over-Year Growth
Jun 27, 2014
The seasonally adjusted annualized selling rate (SAAR) for new light-vehicle retail sales in June will result in the fifth consecutive month of year-over-year growth, according to a monthly sales forecast developed jointly by J.D. Power and LMC Automotive. The retail SAAR in June is expected to be 13.3 million units, u ... Continue reading
GM's Ignition Recall and Its Impact on Used Vehicle Prices
Jun 26, 2014
Auction sales data indicates that General Motor's well-publicized recall of approximately 2.6 million vehicles for faulty ignition switches has done little to affect used vehicle prices, says NADA Used Car Guide. Initially announced on Feb. 10, GM's recall addresses defective ignition switches that could inadvertently ... Continue reading
Jun 25, 2014
Saikawa CCO: speech delivered in Japanese 2013 was a milestone year for Nissan Motor Corporation. As you may know, we commemorated our 80th anniversary. Datsun, the iconic brand in the history of our growth is back in fast growing markets. We are halfway through the six-year midterm plan, Nissan Power 88. The organizat ... Continue reading
Rolls Royce Wins 2014 gtnews Judge's Choice Award for Global Corporate Treasury and Finance
Jun 25, 2014
The corporate treasury and finance resource gtnews has announced winners of the 2014 gtnews Awards for Global Corporate Treasury and Finance, recognising the CFOs, treasurers and finance staffs that have done the most to contribute to the success of their organisation, wherever they are in the world. The 2014 Awards at ... Continue reading
Nutson's Nuggets - Automotive News and Views Week of June 16-22, 2014
Jun 22, 2014
* AutoPacific announced its 18th annual Vehicle Satisfaction Awards (VSA), identifying the most satisfying vehicles on the market. And, there were a few surprises. For 2014, the most satisfying brands are Lincoln, Top Premium Brand (displacing perennial leaders Lexus and Mercedes-Benz)Â and GMC, Top Popular Brand. The ... Continue reading
Volvo Cars is fastest growing European premium brand, growing faster than the overall market
Jun 21, 2014
The positive momentum of Volvo Carsâ growing sales in Europe continued in May and Volvo Cars continues to grow faster than its main premium competitors in Europe. The latest report from ACEA* shows that while the overall European market was up by 4.3 per cent, Volvo Cars grew by 14.1 per cent, making it the fastes ... Continue reading
Detroit News Commentary: The Benefits of a Franchised Dealer Network
Jun 17, 2014
By Washington DC June 17, 2014; AIADAOnline reported that in an editorial in the Detroit News by Maryann Keller opined that at the height of the dot-com bubble, Wall Street analysts, academics and consumer advocates claimed that âfactory-directâ new-car sales would reduce costs, lower prices and deliver super ... Continue reading
More Consumers Jumping on the Certified Pre-Owned Bandwagon
Jun 17, 2014
Certified pre-owned (CPO) sales should surpass 2013's all-time high of 2.1 million vehicles this year, says the National Automobile Dealers Association (NADA) Used Car Guide in the May edition of NADA Perspective, a monthly industry trends report. After growing rapidly at the beginning of the 2000s, CPO sales experienc ... Continue reading
Jun 17, 2014
Fordâs European sales increased by 7.7 percent from January to May, compared to the same period last year; industry growth was 6.6 percent Year-to-date market share up 0.1 percentage point to 7.9 percent May sales down by 1 percent, largely explained by higher than usual CD car volume in May last year Highest comm ... Continue reading
Volkswagen CV records strong growth in Western Europe
Jun 17, 2014
Hannover, 16 June 2014: Volkswagen Commercial Vehicles increased sales of Amarok, Caddy, Transporter and Crafter models in Western Europe by 6.2 per cent during the first five months of the year, taking total vehicles shipped to 117,500 (last year: 110,600). âThe economic recovery in the Western European vehicle m ... Continue reading
Carvana Announces the Launch of its White-Label Online Automotive Retailing Platform
Jun 16, 2014
Carvana, the first complete online auto retailer, today announces the launch of the industry's first white-label online automotive retailing platform. The new white-label solution, Carvana's entry into the business-to-business (B2B) space, expands the company's mission to bring convenience and transparency to the car b ... Continue reading
Nutson's Nuggets - Automotive News and Views Week of June 9-15, 2014
Jun 15, 2014
* In an open letter on the Tesla Website founder and CEO, Elon Musk, took the unprecedented step of removing patent restrictions on all of the companyâs electric car technology. He restated the companyâs goal âto accelerate the advent of sustainable transportation,â and contends that the âopen ... Continue reading
Jun 14, 2014
Kariya, Japan, June 9, 2014; Global automotive supplier DENSO has acquired 72.1 percent of EASE Simulation, Inc., to help accelerate research and development of its vehicle diagnostic and telematics business in North America. DENSO completed the transition of ownership of the Pennsylvania-based vehicle diagnostics and ... Continue reading
Jun 14, 2014
January to May figure rises to 4.11 million units/ +6.3 per cent* 864,600 vehicles delivered in May/ +5.9 per cent* Group Board Member for Sales Christian Klingler: âEncouraging trend in deliveries. Mixed performance, and market demands remain challenging.â Wolfsburg, June 13, 2014: The Volkswagen Group deliv ... Continue reading
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