German luxury carmaker BMW sees a "definite" upturn in almost all car markets after its automobile and motorcycle sales increased 14 percent in February compared with the same month last year.
"In key sales markets such as the US, the automotive sector is showing encouraging signs of a gradual recovery," the company said on Tuesday.
Deliveries of BMW brand cars rose nearly 14 percent in February, while it sold 16 percent more Mini cars in the month, BMW said.
Separately, peer Audi said on Tuesday it delivered the bulk of earnings and cash ...
Strong February sales made Manheim Used Vehicle Value Index to rise once again this month. The index stood at 118.1 last month, up from 117.6 in January 2010 and 105.5 in February 2009.
According to CNW Marketing Research, independent dealers sold 561,431 used vehicles in February, an increase of almost 9 percent when compared with sales in February 2009, and Used-vehicle sales by franchised dealers totaled 584,972 in February 2010.
The Manheim index started in January 1995 at 100 and is adjusted for model mix, mileage and time of year.
Source: autonews - ...
Car sales grew 4.4% to 943,500 units in western Europe as strong demand in France, Italy, Spain and the U.K. offset a 30% drop in the German market, according to J.D. Power and Associates.
The California-based market research firm says year-over-year sales rose 18% to 179,900 in France, 20% to 200,600 in Italy, 47% to 91,300 in Spain and 26% to 68,700 in the U.K. All four markets benefited from current or just-expiring government-sponsored scrappage incentives.
In Germany, normally Europe’s largest market, sales plunged 30% to 194,800 units as wary consumers reined ...
Car sales in India raised an annual 33 percent in February, as customers purchased vehicles ahead of the rise in taxes in the federal budget, an industry body said on Monday.
Firms sold 153,845 cars in the month, compared with 115,505 units a year ago, data from the Society of Indian Automobile Manufacturers (SIAM) showed.
Sales of trucks and buses, a barometer of economic activity, rose 87 percent to 58,024 units in the month, SIAM said.
Source: Economic Times India
Russia's large auto plant Derways has launched a new line to assemble Chinese cars with an annual capacity of 100,000 units. The main Chinese brands for production at the plant will include Geely, Lifan and Great Wall, Inside Line reported this week.
About 16,000 Geely cars priced at the equivalent of $11,000 will be produced this year at Derways, which will also starts production of Lifan and Great Wall models. Last year 7,681 Geely cars were sold in Russia, making it the most popular Chinese auto brand in the country, ...
Alfa Romeo is likely to return to North America by 2012 after a 15-year hiatus, the head of Fiat SpA (FIA.MI), the company that makes the classic Italian sports car, said on Friday.
The brand was last sold in the U.S. market in 1995, and Fiat has pushed back its return several times.
"I'm a lot more confident now ... that Alfa Romeo will reconstitute a product offering that is acceptable globally, and more in particular in the United States and Canada," Fiat Chief Executive Sergio Marchionne said in Toronto.
"There is a ...
If you're both an expert at the law and an expert at getting stopped by the law, you might be a dangerous driver. So says a recent insurance.com study listing the Top 10 Most Dangerous Drivers by Profession.
Attorneys topped the list at No 1. with 44 percent claiming a prior accident when receiving a car insurance comparison quote from insurance.com. (We bet 44 percent of them talked their way out of a ticket, too.) Findings were based on accident claims as a percentage of quotes.
The least dangerous drivers? Athletes (17 ...
Power and propulsion systems company Rolls-Royce unveiled its 2009 preliminary results highlighting a record GBP58 billion order book, growing revenues and profits.
The company also announced a 5% rise in the dividend.
In an interview on http://www.cantos.com, Chief Executive Sir John Rose said that the company expected 2010 revenues, underlying profit and average cash balances to be broadly similar to 2009, adding that Rolls-Royce had "considerable advantages" in accessing faster growing markets that are still investing in transport and infrastructure.
He also gave a longer-term outlook where he looked forward to the company ...
To celebrate the start of the Alfa Romeo centenary year, Allams Alfa Romeo in Epsom, Surrey has attempted to make history by setting a new Guinness World Record TM, for the largest ever parade of Alfa Romeo cars.
On Sunday 7th February, more than 300 Alfa Romeo owners arrived at the dealership to take part in the event including an Alfa SZ, Alfa Spider 2000 Veloce and the very latest sporty compact Alfa MiTo.
For a new record to stand at least 200 cars were required to take part on the day, ...
Indian monthly car sales touched a record high in January as customers bought vehicles ahead of possible tax hikes in the Feb. 26 federal budget and experts said the momentum would continue until then.
Market watchers expect Finance Minister Pranab Mukherjee to begin reversing cuts in factory gate taxes, which would increase prices of everything from soaps to cars, when he presents the budget for the 2010/11 fiscal year (April-March).
Such expectations would give a more-than-normal lift to February sales, a month when consumer enthusiasm generally wanes in anticipation of tax cuts ...
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