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Europe: market turnaround gains pace in March

Europe: market turnaround gains pace in March

Europe’s auto-market is finally a rapidly rising recovery, with industry data published for the month of March showing mass-market car brands riding the upturn wave and affordable marquees loosing steam. According to figures coming from the Brussels-based Association of European Carmakers, new vehicle registrations last month jumped 10.8 percent to […]

Russia: March sales on steep dive

Russia: March sales on steep dive

Once considered as a viable candidate to overtake Germany as Europe’s largest auto market, Russia has seen a stark contrast to the developments on the continent, in the US or China. Last month’s figures for the light vehicle market were the worst in terms of volume and percentage decline over […]

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China: March sales jump 12 percent

China: March sales jump 12 percent

Thanks to rising demand for sport utility vehicles and minivans, passenger vehicle deliveries in China, the world’s top-selling auto market, jumped in March by 12 percent. Retail sales of cars, multipurpose and SUVs soared to 1.78 million autos last month, according to a statement on its website by the China […]

Australia: March sales hit record figures

Australia: March sales hit record figures

Deliveries of new cars and light duty vehicles in Australia soared to their best March figures ever, buoyed by rising demand for sport utility vehicles. The sales of SUVs and crossovers remained scorching hot, as consumer spending was boosted by the continuous low gasoline prices and the dwindling interest rates. […]

Tesla first quarter sales beat expectations

Tesla first quarter sales beat expectations

Tesla Motors Inc., the electric automaker headed by billionaire entrepreneur and co-founder Elon Musk, announced that deliveries during the year’s first quarter jumped 55 percent, exceeding the company’s internal forecast. Sales during the first three months of the year reached a total of 10,300 autos, with the Palo Alto, California-based […]