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Canada: longer-term loans buoy car sales


The North American country is still battling debt issues, but car buyers are increasingly choosing to stretch their loan in order to lower their monthly payments. The practice does stack to increase sales, but experts warn the practice could be dangerous. According to figures coming from marketing information firm J.D. Power, today the average duration of a light-vehicle loan in Canada ...
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China: Geely’s first half profit dips 20%
Geely Automobile Holdings Ltd, one of the major domestic carmakers in China, announced its six months profit dropped 20%, disrupted by a sales slump at home as major foreign brands ...
Audi and Mercedes are catching up to BMW
The global sales race has been a heated battle for many years, but the figures from last month showed the sprint is one that could soon require a photo finish. Both ...
GM and Ford love China
The world’s largest auto market has done marvels for the first and second biggest US automakers, both enjoying incredible sales figures as they expand their presence locally with new plants ...
VW brand sees rising sales in July
The namesake Volkswagen passenger car brand enjoyed a rather modest growth last month, of 4%, as advances in the core region and China only slightly offset declines in other parts ...
Buoyed by Jaguar Land Rover, Tata Motors sees rising profits
India’s largest carmaker, Tata Motors, saw its quarterly profit increase threefold because of high demand for cars produced by the British luxury division. Even if the automaker struggles at home, where ...
Russia: July sales dip 23%
The country’s dwindling sales plummeted last month after going down 17% in June. The deliveries slump shows the customer base goes increasingly weary of the outcome of the Ukraine crisis. The ...
BMW Group reports best July ever
Last month’s global new car deliveries of the BMW Group reached 163,959 units, rising 7.6% from the same period in 2013. Unfortunately for the BMW namesake brand, Audi managed a ...
China: July sales hit the break
With the advent of the summer heat and also coinciding with the football (soccer) World Cup in Brazil, the Chinese dealers reported dwindling traffic in their showrooms. According to a statement ...
Audi sales climb almost 10% in July
Audi AG, the premium unit of the Volkswagen Group and the second-largest luxury automaker in the world reported its sales last month rose 9.7% to 144,000 vehicles. The automaker’s deliveries after ...



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